Description
As I prepare this book in late 2008 the world’s financial systems are in turmoil. Huge investment banks have become extinct, governments have rushed in with bailouts, initial public offerings (IPOs) have all but disappeared, the venture capital industry is in crisis and investors are holding on to their cash more tightly than they have in decades. This chaos is, in part, a result of the ‘swing for the fences’ thinking that has taken over much of the financial world in recent years. Everyone’s been looking for the ‘big score,’ the billion-dollar payout—the moon shot that would vault them into the ranks of big money. That era
