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> So it is a game of being the one that is left standing Or the last investor. When this type of money is raised, you can be sure the earlier investors are loo
by sdesol 1y ago
> So it is a game of being the one that is left standing
Or the last investor. When this type of money is raised, you can be sure the earlier investors are looking for ways to have a soft landing.
- tim333 1y agoI'm not sure many investors are investing their own money. They are investing other people's money, maybe owned by shareholders of large companies in turn owned by our pension funds.
- sdesol 1y agoIt might not be their money, but they are paid a management fee and if they cannot provide some return, people will stop using them.
- tim333 1y agoThe kind of thing that happens is Joe Bloggs runs the Fidelity Hot Tech fund, up 50% over the last three years. Then when it crashes that's closed and Joe is switched to the Fidelity Safe Income fund with no down years for the last five years.