Jerry Murdock

I'll tell you, about 80% of the investments I've made have returned less than 1.3x.

I'll tell you, about 80% of the investments I've made have returned less than 1.3x.

So it's the 20% that made all the money in my life and made all the impact.

So it's the 20% that made all the money in my life and made all the impact.

Money is just a sort of batting score for how much impact you had as an investor.

Money is just a sort of batting score for how much impact you had as an investor.

That's the way I see it.

That's the way I see it.

And so there is nothing safe right now.

And so there is nothing safe right now.

You're going to have to watch who's going to execute the best.

You're going to have to watch who's going to execute the best.

To answer your question about the markets and they over-rotate, if you go to Wall Street, you'll see the giant bull that's there in the statue.

To answer your question about the markets and they over-rotate, if you go to Wall Street, you'll see the giant bull that's there in the statue.

It's because of a herd mentality.

It's because of a herd mentality.

And yeah, I think investors are like, hey, I'm not a technologist.

And yeah, I think investors are like, hey, I'm not a technologist.

I'm just going to sit back and watch this.

I'm just going to sit back and watch this.