Legendary investor Andy Rachleff shares one of his favorite frameworks: the 2x2 matrix and being non-consensus and right.
What is the lesson of this framework?
Take a 2x2 matrix. On one axis you have "right" and "wrong", and on the other axis you have "non consensus" and "consensus".
Everyone knows if you are "wrong" you can't make money. But what most people don't realize is if you are "right" but "consensus" you also can't make outsized returns as an investor OR a founder.
The takeaway: the best ideas, especially in tech as an investor or a founder, are both "non consensus" and "right". Hard to do!
This was one of the best clips from the podcast - check it out!
