Second Mouse Plan

The strategic playbook of superior investors and entrepreneurs, covering capital allocation strategies, tech strategy and Second Mouse moguls.

Bill Ackman and Tim McElvaine back Andrew Wilkinson
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A lunch with Bill Ackman paid off for Andrew Wilkinson, a mogul in his own right.

Tech/VC

Jay Hennick: from pool boy to billionaire
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An under-the-radar billionaire who started from the bottom.

Moguls

The Second Mouse Plan Part 3: The Church of Latter-Day Mice
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This is the conclusion of The Second Mouse Plan essay (Part 3).  Make sure you have read Parts 1 and 2 first.  Start here: The Second Mouse Plan — Introduction. Don't follow your passion!They call me Jay-Hova ‘cause the flow is religious. -Jay-zYou probably thought I had moved on from

Second Mouse Plan

The Second Mouse Plan Part 2.2 - The Playbook
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If you haven't read the previous parts, start here: Start here: The Second Mouse Plan — Introduction. Last week, I presented the first two strategies for reducing risk while still trying to make money: 1) being a copycat and 2) piggybacking on things that are already gaining strong traction. You are

Second Mouse Plan

The Second Mouse Plan Part 2.1 - The Playbook
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How the Unimaginative Can Thrive in the Age of the Unicorn Recap of Part 1: Startups and venture capital suck at ROI. Most investors are seduced by potential and blind to probability. You can read Part 1 here. Part 2 is the core of the Second Mouse Plan and provides

Second Mouse Plan

That time I phoned Black Swan author Nassim Nicholas Taleb
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Despite recent developments, I will focus on my niche of telling you about things that happened 15 years ago. Around 2005, I met a unique trader / investor for whom I continue to have great respect. Let's call him Bruce Wayne. I asked Bruce about his strategies and he said the

NoBull Klev

VC returns suck even more than I thought
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Andreessen Horowitz performance is not as high as you would think.

Tech/VC

An investment riddle for the Holidays
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Dear disgruntled reader, I wanted to leave you with a riddle to ponder over the Holidays. Let’s take two classic Buffett statements and analyze them: 1) Our favourite holding period is forever 2) All investing is value investing These two statements, though undeniably Buffettesque, are hard to reconcile. Let’

Strategy

The Second Mouse Plan — Introduction
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How the Unimaginative Can Thrive in the Age of the UnicornThis painting depicts the fall of Icarus (near bottom right corner) and shows society’s indifference to individual failure — No plough stops for the dying man. Or the failing co-working space.“Do not let the brevity of these passages prevent

Second Mouse Plan

Andrew Wilkinson of Tiny Capital, the Charlie Munger of Tech
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So Bill Ackman is holding a Buffett-type lunch auction. Ackman is essentially a Buffett clone, except that he has an inclination for activism and shorting, which has sometimes proven too clever by half. The Buffett recipe is very hard to improve. Ackman claims to have learned from his mistakes and

Tech/VC