Focus learning well the fundamentals of the field as they will underpin everything else. Try to keep your finger on the pulse of industry in some way beyond whatever they are teaching in your classes (industry conferences, trade orgs, etc.). Try for internships during the summer break to get an idea of what people's day to day is like today and where it may be headed. Have a backup plan (e.g. pre-med).
Using the infinitive rather than gerund form of a verb to reference a an instance is a common pattern. "I went for a walk," instead of "I was walking."
I think it is interesting to attempt understanding people's choices to shorten "spend" rather than "spending," or to use something longer like "methodology" rather than "method" when they describe the method not a study of methods.
Clarify? I don't understand how whether or not I pay someone to manage my money makes a difference as to whether what they did was commit fraud. People paid Bernie Madoff to manage their money and early investors got promised returns but he still went to jail because he was running an illegal ponzi scheme.
They have far greater latitude to move it and do what they deem smartest with it. And take fees for themselves. And put you in deals that benefits other clients they prefer.
And on and on. And on.
Dumping, swapping, bag holding, fee based investments that are crap. All legal.
"1. a long-term commitment to maximize some aspect of human flourishing (in the book I explain how this is the true definition of what it means to create a for-profit venture"
How does this square with the widely taught business-school definition of a for-profit entity being something that aims to maximize shareholder value?
Not eries (obviously) but if you switch out shareholder for stakeholder i.e. maximise stakeholder value, you gain a wider set of responsibilities more aligned with Eric's comment. This is in itself not a new idea, it partly emerged out of the work of R. Edward Freeman. His original book on stakeholder management was published in 1984 and over the last decade has become at least a regular discussion topic at many business schools. However, the idea needs to gain far more momentum. Hopeful Eric Reis's new book also helps move the discussions forward - looking forward to reading it.
Boy, do I make my best effort in the book to take this idea out to the woodshed and show how this is a complete misunderstanding of what it means to be a for-profit entity. I hope you'll read the book and then come back and let me know if you think I was able to make a convincing case.
Interesting that the guy who rightly criticizes billionaires for not paying their fair share of taxes thinks those same billionaires are going to use AI for maximizing the common good. Already there is much evidence that they are not.
I got my hunter's safety card back just before covid. Prior to the actual course starting, our instructors spent a good 15 minutes "encouraging" us to join the NRA because "they're really trying to take our guns, blah blah". This was in "liberal" California. When I had last taken the course as a kid in my home state of Oregon, in a conservative majority town, there was never any kind of propaganda that I can recall of this level.
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