The CEOs Building Tomorrow's Giants Take Big Risks Today

AfraSimon
07-06

Something different. As an investor, I look for what I call "ambitious failures".

CEOs moving quickly, taking big swings, and striking out every once in awhile is not necessarily a bad thing. Big thinkers and innovators play big.

But as a shareholder betting on asymmetric returns, I WANT my leadership to play fast + play BIG.

Couple examples of founders moving fast, playing big (and sometimes flopping):

> bezos launched $Amazon.com(AMZN)$ 's fire phone, it flopped

> $Meta Platforms, Inc.(META)$ zuckerberg went all in on metaverse, flopped

> $Coinbase Global, Inc.(COIN)$ 's nft marketplace flopped

> $GameStop(GME)$ 's ryan cohen ballsy move to try to buy ebay

..an absence of "ambitious failures" can be a sign that leadership isn’t taking enough asymmetric bets.

So the execution/outcomes are not the only thing I look for in a leadership team...I want to see a recurring theme of having the balls to play big.

1) Kaz at $Opendoor Technologies Inc(OPEN)$ is playing big

2) EB at $Ondas Holdings Inc.(ONDS)$ is playing big

3) Vlad at $Robinhood(HOOD)$ is obv playing big

I want to see evidence of epic vision.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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