@kimmaicutler explains VC and limited partners: The masters of the masters of the masters of the universe. https://logicmag.io/04-the-unicorn-hunters/ …
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The history in the piece was very interesting. Such recent and boutique origins have grown to mega size and all the forces chasing alpha in this low interest environment. It explains a lot. A good read
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I think it was surprising to me how equities in general (like even public equities) were so stigmatized in the 1960s/1970s relative to debt as an investment....
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