This is sort of like the venture capital market. Entrepreneurs will sort rank their investor list based on perceived value of that investor and will work their

This is sort of like the venture capital market. Entrepreneurs will sort rank their investor list based on perceived value of that investor and will work their way down. Most VCs simply never see the great companies, which is why top firms consistently outperform while the overall asset class has fared poorly. In short, deal flow is everything.