Sunday, May 18, 2008

You want to invest in a person ? Ask his freinds and relatives !

The chinese government officials have a cool way of deciding on promotions. They will interview your freinds, collegues, parents and see whether you have been a good man or not. Your drinking and gambling habbits will receive a very bright red flag.

Actually, thats the exact process in which arranged marriage evaluation process works in India. Those exact same things receive serious red flags. Interestingly, that is close to what VCs do when they are investing in a project - they would interview all sorts of people who can tell what sort of a person you are. Businesses use a flawed version of this - its called the 360 degree evaluation !

In my investing demystified article, I make a comment about how the person you want to invest in should be a person to which you should be willing to marry your daughter to. I think thats the way you should select life partners, business and work partners !

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