Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.

Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.

The good news in investing is there are no HR problems. If there are no humans, there are no problems!

The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.

We Americans love original ideas. But truly, there are already plenty of good ones out there, ours for the taking. If I were too proud to copy the ideas of others, I likely wouldn't have even a fraction of my current success.

I think a lot of people are getting more serious about how to do the most good, but there is no road map. I'm hoping I can offer an example.