3 ms·
> The perhaps obvious catch is that power law applies just as much to funds as stocks. Just a handful of VCs generate nearly all of the sector returns. 80/20 r
by red-iron-pine 3y ago
> The perhaps obvious catch is that power law applies just as much to funds as stocks. Just a handful of VCs generate nearly all of the sector returns.
80/20 rule in action
- throwaway_89282 3y agoOTOH, indexation captures this while a manager does not...