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The larger the pile of money the dumber it is If you have only $10 it is probably really smart money because you’re going to think hard and object level about spending it If you have $10B, it’s being deployed mostly in > $250m chunks via org charts with 7 levels of bs theories
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I would be curious to try and ballpark exactly what the $ threshold is between clear "I bought this thing" and the more abstract "I'm deploying assets in a capital venture" with multiple layers of bs theories
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yeah, this checks out for me - many bs theories about interest rate changes, location vs lot size vs sq ft living space, fixer vs fixed, etc.
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