3 ms·
Agreed - and it's LP money anyhow, a cut they take regardless of long-term success. If you can boost a brand to enough mind share, even if it costs you billions
by loceng 6y ago
Agreed - and it's LP money anyhow, a cut they take regardless of long-term success. If you can boost a brand to enough mind share, even if it costs you billions, then you have these golden eggs - even if they're hollow golden eggs - to show LPs what you're capable of; even though arguably a waste of money, it doesn't bother me if the LPs aren't large funds of the general population, the idea of such waste bothers me when it's people's investments that they're expecting or hoping to retire off of - there is such a delay and disconnect/misalignment between financial incentives though that the finance industrial complex has been able to get away with.
- danielmarkbruce 6y agoThese are pretty vague and generic statements. None of those firms just arrived on the scenes. They all have long track records of delivering real value for their investors. By and large, the big pension funds aren't silly. They understand incentives aren't perfectly aligned. It doesn't mean people can't behave well and manage them.