Curious hot take: There's really dumb money, i.e. public markets Then there's dumb money, i.e. VC Then there's smart-ish money, where I'd place PE, that basi

Curious hot take: There's really dumb money, i.e. public markets Then there's dumb money, i.e. VC Then there's smart-ish money, where I'd place PE, that basically wants to strip mine any value away from companies And it must be some kind of food chain - people get rich from dumb public investors, dupe some companies investing in venture funds, pillage some veterinary clinics or dentists or whatever. But then what? Is there really smart money somewhere making good, sustainable investments in stuff, to secure generational wealth? Some pension funds maybe? And some family offices?