By editor on January 28, 2018 — 1 min read

I am not afraid. I got immensely lucky, but I grew up on welfare. To go back to that means fucking nothing to me. For me, it’s like, you don’t have to do 50 things, now you can do 10 things. But now, instead of $10 million on 10 things, I’m willing to put up $1 billion on 10 things. Why not? If it’s really working, just keep doing it.

That’s where you see the true best of the best. The Warren Buffetts of the world. The Seth Klarmans of the world. They show you that even as you amplify capital, you have to have the precise mental framework to continue to be concentrated. That is where to emotional and psychological mettle of an investor is tested, and most people fail. (17:45)

Posted in: VC

Editor's Note

These are Chamath Palihapitiya's words. They are probably some of the best thoughts on VC, business, and life, but were scattered around the Internet. They live now in this archive.