Crowded space, macro headwinds and too much middle management. It was difficult to foresee in 2020, but regarding the macro headwinds (elephant in the room) per

Crowded space, macro headwinds and too much middle management. It was difficult to foresee in 2020, but regarding the macro headwinds (elephant in the room) perhaps some billionaires should adjust their donation patterns: https://www.forbes.com/sites/michelatindera/2021/02/17/here-are-the-billionaires-who-donated-to-joe-bidens-2020-presidential-campaign/ https://www.forbes.com/sites/michelatindera/2021/02/17/here-...