gdp's Comments

Feld Thoughts : Would You Want It If It Were Free?

Mon, 6 Jul 2009 09:21:36 +0000

I find myself faced with the same question especially in investments involving an exit by the founding team. We recently said no to one opportunity, which was essentially a free chunk of equity for the burden of running the co. I tend to think that free is rarely free. There's the cost of attention and effort. It's free on the price side of the equation and not free on the cost side. Albert Wenger also had a good post on the topic: http://continuations.com/post/132871055/the-conti...

Paul Kedrosky: Infectious Greed : Why No Funny Money?

Tue, 24 Mar 2009 16:31:47 +0000

I thought the recent Lewis article on Iceland in Vanity Fair qualifies as great comedy writing. http://www.vanityfair.com/politics/features/2009/...

Feld Thoughts : I’m Done With Handshakes

Tue, 3 Feb 2009 16:44:11 +0000

Aren't hugs worse?

Paul Kedrosky: Infectious Greed : Time for a Ponzi-Only Fund of Funds

Mon, 15 Dec 2008 14:17:08 +0000

Actually, a CDO of Ponzi funds may be more interesting. After all, we can package the first tier of payments from the debt service and get them rated AAA by a ratings agency. We all know that they all won't fail/default at the same time, right? This may be your funniest post of all time, Paul.