So his message is know your place and aim low? Angel investing layoffs are like buying a lottery ticket, it is charity with a small chance of a huge payoff. If you are getting diluted to nothing, you are doing it wrong or the company is going down the drain.

What twaddle, look at the author. Greg McKeown is the CEO of THIS Inc., a leadership and strategy design agency headquartered in Silicon Valley. He was recently named a Young Global Leader by the World Economic Forum. Greg did his graduate work at Stanford.

He always knew that Wikileaks would do this kind of thing to his life but he is totally the man fOr the job. They'll never screen this in Australia but with the power of the internet it doesn't even matter.

Systematic overvaluation vs equivalent non ycomb companies plus the real value created by the network but not a bubble.

No, they understand perfectly.

There's a button for doing that.

I used that one too, even before writing the comment! Can I get back on the lawn now?

There is a glut of hedge funds, the best large ones are usually closed to new investors. In a year where many struggled of course fees v return looks bad. 2% of assets and 20% of gains is a steep price but it is cheap when you get one of the best. Pension funds don't do a good job of selecting managers and every man and his dog has opened one just to collect 2&20 rent on the money. Very few managers have an edge and it can be impossible to tell which ones do. All statistics on hedge funds are of limited value as the samples are incomplete and skewed - it is an information game after all.

The strength to espouse unpopular views is so sorely lacking in most "leaders".

For all the people complaining: this will encourage websites to use less annoying ads.

I assume postgres gets this treatment because HN considers it realitively under utilised.

In some ways this is a break from Warren's publicly espoused values, but it seems to be a figurehead kind of thing and you can't really complain about a chairman who doesn't get paid.