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Investing $10 billion responsibly across a lot of private companies is hard work. Gotta find the companies, negotiate, join the board, monitor them, be apprised
by seibelj 7y ago
Investing $10 billion responsibly across a lot of private companies is hard work. Gotta find the companies, negotiate, join the board, monitor them, be apprised of the goings-ons. Then you find a company that can plausibly take $10billion in one go and return the same as any other tech company, plus by giving them so much capital they can destroy the competition.
It really comes down to easy-money policies of central bankers combined with the laziness of investors. So much money to invest and doing hard work is for suckers who don’t have the connections to get the capital to invest.
- skybrian 7y agoOkay, but why not do something simple like buying the S&P 500? Is that unavailable at scale?