'Venture' On?
This week we talk about a recent venture investing failure and our learnings from it, highlight the greatest CEO of all time, and crack TikTok's algorithm.
Dear Clients and Friends of Farrer Wealth Advisors, we are pleased to bring you the Farrer Wealth Biweekly Blast, which includes our latest blog posts, fun facts, and general articles we find interesting. Happy reading and happy investing!
Latest Blog Post
‘Venture’ On? After a venture investment in our personal portfolio recently went south, we spent time doing a post-mortem on the deal. In our latest blog post we discuss the cognitive errors we think we made and the key differences between public and venture investing. Click here to read it.
Farrer Fun Fact
Greatest CEOs: We found this chart of the performance of leaders of the world’s largest companies to be fascinating. The next generation of FAANG leaders have really crushed it… no pressure Andy Jassy
Articles and Videos of the Week
After recently recommending a new emerging manager to our clients last week, we came across this post from Joel Cohen who works for MIT’s endowment. It highlights some of the silliest rules of thumb asset allocators use when judging fund managers, and we agreed with all of it.
This video shows how the WSJ tried to crack TikTok’s algorithm. Turns out the #1 factor behind its recommendation is the time you spend on certain videos (thanks to our friends from Airavat Capital for sharing).
If you ever wanted to learn more about Southeast Asia’s gaming/ecommerce behemoth Sea Limited, this writeup does a great job of breaking down Garena, its gaming arm.
Speaking of Andy Jassy, this blogger put up an efficient summary of the new Amazon CEO’s ethos.
We loved this thread from Altos Ventures’ Ho Nam about how you should invest in businesses and not trends/themes.