You launched a fund and accidentally became the COO and the IT department. An hour and a quarter with Søren Hæstrup on the business you actually started, and why most founders break there.
I’m afraid I do not agree with your view on this. It takes a lot more than picking stocks and generating return, if what you are looking for is institutional money.
I see there is difference for insititutuional money and HNW investor
for me there is big black box named Alternative asset. you always can tweaks the number to make yourself feeling better or fool some stupid riches(Yes the riches can be stupid as well)
Stock picking is simple and straight. no much gimmicks you can show off here
you win or you just lose..
The case of how Softbank boost its paper gain via repeated multiple round bets in OpenAI is a brazen Show to display what I just said..
Sure I do think if you are money manager for AUM 10B$$ 100B$$ 1000B$$
there is no way you can avoid that black box named Alternative Asset.
this is a hard reality we must face when you get mega sized $$$ to deploy.
Just do a simple job the LP will shut up and sent money to you without any hesitate
your pick 10 stock in 12 months
you generate fat return
you pick 20 stocks in 12 months
you generate the fat return
you pick 30 stocks in 12 months
you generate the fat return
the hardcore track record will convince every Riches be your happy LPs always
I’m afraid I do not agree with your view on this. It takes a lot more than picking stocks and generating return, if what you are looking for is institutional money.
I see there is difference for insititutuional money and HNW investor
for me there is big black box named Alternative asset. you always can tweaks the number to make yourself feeling better or fool some stupid riches(Yes the riches can be stupid as well)
Stock picking is simple and straight. no much gimmicks you can show off here
you win or you just lose..
The case of how Softbank boost its paper gain via repeated multiple round bets in OpenAI is a brazen Show to display what I just said..
Sure I do think if you are money manager for AUM 10B$$ 100B$$ 1000B$$
there is no way you can avoid that black box named Alternative Asset.
this is a hard reality we must face when you get mega sized $$$ to deploy.
My feeling is that your writing is truly improving. I read it and wanted more. Does not happen often. Good job and thanks for the content.