"Lies" & Truth + Value & Values
Your weekly newsletter from the mind of Miles Lasater
Happy Saturday! Here is your weekly dose of the world of Miles, learning, techno-optimism, business thoughts and ways to improve the world.
Lies of GPs. Inspired by a discussion while teaching our intro to VC class, I wrote The Top Ten Lies GPs Tell LPs. Please pair with Guy Kawasaki’s classics The Top Ten Lies of Entrepreneurs and The Top Ten Lies of Venture Capitalists. Curious for your feedback.
Should You Sell? At the risk of too much Yale business school talk, I wanted to share Prof Wasserstein’s case. He argues you should rarely sell your positive cash flow business. On the Nature of Long-term Holds: Why Entrepreneurs Should Embrace this Strategy. (Note: note this is closer to Buffet’s buy and hold rather than crypto’s HODL strategy.)
Less Religious US. What are the causes and non-obvious implications of the US shift towards secularization? “After decades of serving as the key example of a high-income country that had not secularized, since 2007 the American public has shown one of the highest – though not the very highest – rates of secularization found in any country for which substantial time series data are available.“ from a UMich study. (And if you’re curious how the US compares to other countries on values, check out the world cultural map.)
Until next week,