Many supposed open secrets are really personal or subcultural conceits. Stuff that isn’t public knowledge because it isn’t important enough for anyone to care.
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I believe it's much more about this: incentive to slow. True here, with Weinstein (people afraid or benefiting), with Trump being unhinged (Republicans in House/Senate), with VC money not being the only path (VCs and those who want to work with them)
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Also many more people incentivized to spread a competing idea (active management) compared to those spreading passive index investing.
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