Network Capital's Weekly Roundup
Key takeaways and ideas for the week ahead
Heidi Roizen will be on Network Capital on May 15, 4 pm GMT. Read more about her here. Subscribers are welcome to join and ask questions toward the end of the session.
The MBA application season is coming up. It takes at least 3-4 months of focused effort to crack top schools. Learn from HBS student Rishi Razdan and other outstanding mentors on Network Capital.
Key points of reference from our keynote at UBS addressing unicorn founders, institutional investors, and family offices.
Main point: Build your category of one.
Remember
1. Your target is not your market.
2. Build and dominate your category. No point looking around and being restless.
3. Competition is for losers.
4. Play long-term games with long-term people
5. Let the magic of compounding work for you.
Essays we published
#1.
"I did a lot of math. I made a lot of money, and I gave almost all of it away. That's the story of my life." | Jim Simons
Can you imagine politics without politicians? Yale Professor Helen Landemore explains how The legacy of Jim Simons Jim Simons revolutionized the world of finance through his pioneering work in quantitative trading. Born in 1938 in Brookline, Massachusetts, Simons earned a bachelor's degree from MIT and a PhD in mathematics from UC Berkeley.
#2.
Deconstructing Nandini Satpathy, the Iron Lady of Orissa | Pallavi Rebbapragada
The application season is coming up. Watch this masterclass by Stanford MBA alumnus Sanvar Oberoi.
#3.
Making Smart Bets: Why Howard Marks Stresses Decision Process Over Outcome
Before reading this newsletter, listen to this podcast by Sahil Bloom. Making Smart Bets: Why Howard Marks Stresses Process Over Outcome Howard Marks co-founded Oaktree Capital Management, one of the largest investment firms in the world focused on distressed securities. He has built an impressive track record over his decades-long career, with Oaktree funds producing annualized returns of 19% net of fees.
Picture of the week | The Viennese Summer Ball
A beautiful weekend organized by friends of Network Capital
Afterthought: "Art washes away from the soul the dust of everyday life." - Pablo Picasso