If VCs knew what they were doing, they'd have real jobs
Allocating capital might be the "realest" job in capital...ism.
There are always shitty 20% operators in every industry. They won't make money and get weeded out.
Delusional to apply this to top operators (and at the same breath complain about Rich getting Richer)
I have yet to be pleasantly surprised by the alleged collective wisdom of Wallstreet. I would hope that you are right, and that our corporate masters are smarter than I give them credit for, but I'm not going to hold my breath
Allocating capital might be the "realest" job in capital...ism.
There are always shitty 20% operators in every industry. They won't make money and get weeded out.
Delusional to apply this to top operators (and at the same breath complain about Rich getting Richer)
I have yet to be pleasantly surprised by the alleged collective wisdom of Wallstreet. I would hope that you are right, and that our corporate masters are smarter than I give them credit for, but I'm not going to hold my breath