So considering the consensus of opinion among the comments that "just because the private company is 10x higher value than its public-traded counterpart, where

So considering the consensus of opinion among the comments that "just because the private company is 10x higher value than its public-traded counterpart, where those public counterparts are still trading at 20+x earnings", Pier88 decides to buy into the public firm and has returned ~9% in 6 months, but... with a similar size of capital and knowing that the market will correct the private firms valuation over time, a shrewder investor would wait for the Ubers and AirBnBs to go public and short their shares or buy bear options, thereby giving returns far in excess of what ~9% will give. I bet that for every Tiger Global, T. Rowe Price and other "don't miss out on this unicorn" fund, there is a Carl Icahn laughing until it hurts, because he is loading up on bear positions for the over-valued private company and will cash in like many did when FB flopped on IPO.