Investor Letters & Interviews

As an entrepreneur and business owner, an active member of founder communities, and the steward of capital for many post-exit founders, I have witnessed the most common and costly investment errors firsthand for a quarter of a century. By sharing them with you, I hope to protect you from repeating the same.

Investors often mistake volatility for risk, seeking certainty by holding low-yielding cash and bonds that lose purchasing power to inflation over time. Real risk is this long-term loss of purchasing power, not short-term market fluctuation. While crises are inevitable, productive businesses and diversified equity index funds have historically proven resilient, significantly outperforming "safe" assets and generating superior long-term wealth for disciplined investors.