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Mailbag: Commit or Go Home

Q: What’s the very first thing you need to consider before you start investing in startups?
A: Let’s start with a couple of assumptions. I’m going to assume you know that startups are more risky than most assets in your portfolio. I’m also assuming you know there’s more upside to startups than most assets in your portfolio. Those are important things to take into account before beginning your startup investing journey.
But in the spirit of you asking for something less obvious, I’m going in a different direction.
The most important thing to consider before you start is commitment. Investing in startups is …read more […]

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Exclusive: Chevron CEO plans major cost-cutting overhaul of production teams – sources

Chevron has been among the strongest performers among the big oil majors but the company is trying to stay ahead of weakness in shale that has hurt other large oil exploration companies. “The company is proactively evaluating existing operating models and structures to better position Chevron to compete and win in any environment,” said Chevron spokesman Kent Robertson. Known for cost cutting at refining and chemical operations earlier in his career, Wirth’s overhaul will apply those skills to Chevron’s upstream operations, which supply 90% of profit but face challenges from shale fields that require constant investment to keep …read more […]

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Tesla Truck Unveiling Is 'Black Eye' for Musk, Wedbush's Ives Says

Nov.22 — Dan Ives, Wedbush Equity Research managing director, reacts to Tesla Inc.’s unveiling of its new “Cybertruck” where two of the truck’s windows were smashed with a metallic ball during a demonstration. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.” …read more […]

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Bayer's Monsanto pleads guilty to illegal Hawaii pesticide spraying

The Department of Justice said late Thursday that Monsanto sprayed Penncap-M, which contained the banned pesticide methyl parathion, on research crops in 2014, despite knowing that the Environmental Protection Agency prohibited its use after 2013. It also said Monsanto, now part of Germany’s Bayer AG, admitted it let employees enter the sprayed fields after seven days despite knowing it should have waited 31 days. …read more […]