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That disqualifies every institutional investor from being called an investor

• maxxxxx 9y ago
  Yep.
• abritinthebay 9y ago
  Unless they are officially speaking on behalf of the fund... yep. It doesn’t appear that this guy was speaking on behalf of the pension fund, just personally, so really he isn’t an investor.
  • maxxxxx 9y ago
    A lot of VCs aren't investors either by that definition.
  • andrewjl 9y ago
    I don't know about that. Institutional investors have a raft of obligations to their clients, including not doing things like intentionally making their investment go down in value. This is a complicated topic, hence why securities law is a thing, but I wouldn't dismiss something an institutional investor says just because they're not speaking officially. It's still their career, investment track record, and client obligations on the line.