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Quotes

What is a Wave?

According to the Meriam-Webster Dictionary, a ‘wave’ can also be defined as:

  • Moving ridge or swell on the surface of a liquid, open water
  • Something that swells and dies away
  • A rolling or undulatory movement or one of a series of such movements passing along a surface or through the air
  • A disturbance or variation that transfers energy progressively from point to point in a medium and that may take the form of an elastic deformation or of a variation of pressure, electric or magnetic intensity, electric potential, or temperature
  • One complete cycle of such a disturbance
  • An undulating or jagged line constituting a graphic representation of an action

Many Famous People Have Written About Waves

Financial storms are similar to hurricanes in that they move fast. As David Defoe described in Robinson Crusoe:

  • While I sat thus, I found the air overcast, and grow cloudy, as it would turn to rain; soon after that the wind rose by little and little, so that in less than half an hour it blew a most dreadful hurricane. The sea was all on a sudden covered over with foam and froth, the shore was covered with the breach of the water, the trees were torn up by the roots, and a terrible storm it was; and this held about three hours, and then began to abate, and in two hours more it was stark calm, and began to rain very hard.

Dafoe, Daniel. "Robinson's Journal- Details of his Domestic Economy and Contrivances- Shock of an Earthquake." In Robinson Crusoe. New York: Singet Classic, 1961. 83.

One of the best finance books ever written on venture capital. Venture capital moves in waves and riding the next wave is not always easy which is why every investor, venture capital partner, and entrepreneur should study this book.
- Gary Rubinoff, Managing Partner, SummerHill Venture Partners