Michael Palumbo is a trader, entrepreneur, venture capitalist, and the author of the new book, Calculated Risk. He is the founder and controlling partner of Third Millennium Trading LLC and the principal of MJP Capital, a private regional holding company focusing on both real estate and technology. After repeated trading success, Michael entered the entrepreneurship space. He provided initial funding as the original venture capitalist for the high-frequency trading firm GETCO, which the Wall Street Journal hailed as the “High-Frequency Trade King.” That firm was valued at $1.7 billion when he exited it to a private equity group.
Entrepreneurial Role Models:
When business started difficulties overcame:
“Getting started, it’s not even getting the idea, people get ideas all the time and then they don’t do anything about it, that’s a normal human behaviour pattern, what we talk about in the book is, you just have to look at it as, there’s this swimming pool out there and the water might be cold, might not be the best temperature for you but if you want to start a business you just have to jump in”…[Listen for More]
Favourite Books:
Security Analysis: Sixth Edition, Foreword by Warren Buffett Book by Benjamin Graham and David DoddFavourite Quote:
“Perfection is not attainable, but if we chase perfection we can catch excellence”
Recommended Online Resources:
Best Advice to Other Entrepreneurs:
“Just do it, nike might sue me for that but be prepared, have a great game plan in place but then take that risk because I’m telling you when you get older and you look back and you didn’t take that risk you’re going to have some regret”…[Listen for More]
More About Michael Palumbo:
Neil’s Quote at the Beginning:
“Mind knows the questions, soul knows the answers.” Amit Ray
Other Quotes From the Chat with Michael Palumbo:
- “Obviously you have to have the intellectual capability but if you don’t have a passion for it you won’t try as hard, you have to realise that you are competing with people that are willing to work hundred hour weeks and if you’re not willing to do that then entrepreneurship is not for you, the people that are going to do it will have a passion for it”
- “What will differentiate you besides some confidence, technical confidence, will be the fact that you try”
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