David Rosenthal: belief

Transcript context

…All right, let's go into the playbook. The first thing that I just want to say after doing the research is they are just not a thesis-driven firm. I think a lot of people want you to have a thesis and they've been so good historically, especially the Fab Four. Maybe a little less today, but definitely the Fab Four of saying, no, I don't have themes. I don't have a thesis. I don't have an area I invest in. We just follow the founders. I'm good at understanding if something is unbelievably compelling, I can these days model it out more, project, work on trends, and in the old days, understand someone's personality more and their gut more, but either way, the partners aren't coming in with I believe this market is going to be the huge thing and that's why I'm betting on these 10 companies. I think part of the DNA or the culture of the firm is they're all learning machines. I think that is what they screen for you though. That takes so many forums, but one obviously fun forum that I can't believe we haven't talked about yet is they do these dinners. They started during the Fab Four era. They have this custom-built table in the office on Monday nights after the partner meeting. They do these dinners. They invite somebody. Bezos comes every year. This is crazy Right. Public company CEOs.…

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