July 2017
“Every job looks easy when you’re not the one doing it” -Jeff Immelt, shortly after stepping down as CEO of GE after 17 years
“Obviously you don’t make money if you’re wrong. What most people don’t realize is that you don’t make money if you’re right in consensus. Returns [or alpha] get arbitraged away. The only way you make money is by being right in non-consensus. Which is really hard.”-Former Benchmark Capital Partner Andy Rachleff