To be a successful investor, you don’t need to understand higher math or law. It’s simple, but not easy. You do have to have an emotional stability that will take you through almost anything. If you have 150 IQ, sell 30 points to someone else. You need to be smart, but not a genius. What’s most important is inner peace; you have to be able to think for yourself. It’s not a complicated game.
Seems like a good management thought, too.
Dr. Jay pointed to this truth from Dana Blankenhorn at ZDNet Healthcare:
Newcomers to the health IT business, whether individual reporters or giant companies like Microsoft, often find themselves in a time warp. It’s always 1986 in the health IT business. By that I mean there is an enormous and growing ecosystem of consultants, suppliers, software, service and peripherals outfits the likes of which has not existed in the mainstream PC business for over 20 years.
Obvious opportunity. So, maybe that’s why Marketplace reports that health care venture capital is shifting from drugs and devices to information technology. A quote from Kryptiq CEO Luis Machuka, a medical software company:
Health care IT is a good place to be right now from a fundraising point of view.
Of course the Hello Health folks are doing good work. It’s going to take more great ideas/companies to get us to 1996 (2010 would be great, too!) in the health information world.