Everyone Has Decided What This Market Is. I Haven’t.
It’s 2021 again, or it’s nothing like 2021, or AGI is here, or the bear case is nonsense.
It’s 2021 again, or it’s nothing like 2021, or AGI is here, or the bear case is nonsense.
Subconsciously (maybe consciously), I’m less proud of the profession.
The LP job got harder in a way I underrated for a long time.
Kids, companies, partnerships. Eventually you let go and trust it plays out without your oversight.
I spent a week annoyed at people filming their vacations, then sat down to write about it during mine.
One camp reads the numbers as the best IRRs anyone’s tracked. Another reads the same numbers and says it doesn’t beat the S&P.