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He does not make bold bets like John Paulson's gold play, which personally netted Mr. Paulson $5 billion last year.
And people will make bold bets on people who have an unwavering passion to succeed or a passion to do something.
SOME investors make bold bets on the market, wagering on the financial effects of budget battles in Washington or the latest leadership shuffle in Beijing, Tokyo or Rome.
It demonstrated that he had a seat at the table on these issues and he was willing to make bold bets.
But if Google wants to progress in the social arena, and Apple in location-based services, they have to make bold bets, and in both cases they have at least gained some sort of beachhead.
Ryan was known as a high roller, because he would use the accumulated cash from his latest bonanza to make bold bets on the next one: organizing a system of backwoods mushroom drying and river conveyance, for instance, or recruiting a crew to cut a trail for all-terrain vehicles.
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The way to achieve that is to avoid early losses which is counterintuitive to traditional VC strategy which is to make bolder bets early on, in the off-chance of early home-runs, raise the next fund.
REUTERS A Default Play Appears Too Risky for Hedge Funds | The hedge fund industry's many larger-than-life billionaires have made names for themselves by making bold bets, but they did not seem to be playing the angles in the political impasse over the federal debt ceiling.
SAN FRANCISCO — When new employees join Uber, they are asked to subscribe to 14 core company values, including making bold bets, being "obsessed" with the customer, and "always be hustlin'". The ride-hailing service particularly emphasizes "meritocracy," the idea that the best and brightest will rise to the top based on their efforts, even if it means stepping on toes to get there.
He has developed a new way to spot companies making bold bets for the future, and has a recently-released book detailing the findings called The Innovator's DNA (Harvard Press).
People have doubted Google's M&A activity before, but that's not to say it will stop them from continuing to make bold, aggressive bets.
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Justyna Jupowicz-Kozak
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