3 ms·
You clearly understand how these things work. We should defer to your brilliance for all of this.
by kolbe 3y ago
You clearly understand how these things work. We should defer to your brilliance for all of this.
- adrr 3y agoI am willing to bet pension funds LPs have full rights to audit all financials and audits or portfolio companies. There will be no way to determine valuation of their investment if they can’t evaluated the underlying assets.
- kolbe 3y ago(1) Pension funds don't have LPs (2) Pension funds often are LPs, and they're widely refereed to as "dumb money" because they would be the last entity to do anything remotely intelligent. (3) Private companies often do not even produce the kind of information talked about here, let alone do they give it to their investors, let alone do those investors pass the information along. If you are "willing to bet" on all those things, then I can see why casinos are so profitable.