4 ms·
Private investment management is usually performance based.
by debacle 14y ago
Private investment management is usually performance based.
- jbooth 14y agoIf you're going to restrict it to specifically the investment business, then yeah, typically. But pretty much anyone who purchases for a living is awash in kickbacks, the kind of stuff you'd be fired from a government for. FWIW I agree that the government shouldn't be in the investment game except for strategic investments by the federal government (ball bearings, green tech, DARPA, stuff like that). Certainly not video game companies. There is still a role for development agencies, doing stuff like helping streamline paperwork, advocating for sewer hookups, stuff like that. They shouldn't be investors.