“In preparing for battle I have always found that plans are useless, but planning is indispensable.” We use this phrase a lot in two contexts: first, we freely admit, and accept, that our plans may not work out as expected, which is a risk. We then discuss how we manage that risk by a thorough…
Read MoreWell, the time to start an organization related to “charity ratings” in any way: not right now. GiveWell, mentioned in an earlier post, has admitted to astroturfing charges. (Astroturfing is when you pretend that there’s a grassroots supporters of your business or cause. Basically, one of the founders asked questions under a fake name and…
Read MoreIn refining our vision for the Wolfhound Fund, we’ve come across different ideas that are relevant to our plans but don’t capture the entire idea. In this post, we’ll discuss some other approaches, but note that we will not go over what we’ve already discussed, namely Robin Hood. The NYT recently published an article on…
Read MoreCerberus Capital, a well-known private equity fund, recently won a short trial in the Delaware Chancery Court allowing it to terminate its acquisition agreement with United Rentals and pay the $100 million termination fee set forth in the contract. The WSJ article spells out the details and the background well, referencing the actual parties and…
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