This anecdote intrigues me because it sounds like a group-think dynamic. Perhaps I'm reading too much into the "designate one partner" aspect. But I imagine tha

This anecdote intrigues me because it sounds like a group-think dynamic. Perhaps I'm reading too much into the "designate one partner" aspect. But I imagine that behind this is a desire for the partners to all be in agreement about the investments they choose, which leads to them being unable to take a wider array of smaller risks.