tag:blogger.com,1999:blog-5880610.post5730153186084153597..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: The truth about venture capitalSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5880610.post-81244081722119317512012-05-14T06:47:38.444-04:002012-05-14T06:47:38.444-04:00Awesome . Keep sharing . :))Awesome . Keep sharing . :))Venture Capital Partnershttp://www.grow-connect.com/noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-33912404427994623542012-05-12T15:31:50.250-04:002012-05-12T15:31:50.250-04:00Given the extremely high returns this decade of se...Given the extremely high returns this decade of several VC-funded companies such as Google and Facebook, this really is a remarkably damning portrait of the entire overall VC industry. Not totally unexpected to me...RKU1noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-27958417933405143932012-05-10T07:29:54.784-04:002012-05-10T07:29:54.784-04:00All it takes to collect a little rent (or avoid pa...All it takes to collect a little rent (or avoid paying too much) is to know 8th grade algebra <br />http://xkcd.com/1050/<br /><br />On hedge funds - Steve, why not take one of the indices of hedge funds that covers funds which are open to new investment and not survivor biased (there are a few such indices, lemme know if you can't find one). Then calculate its beta and alpha with respect LondonYoungnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-81885452503999675252012-05-10T00:50:02.006-04:002012-05-10T00:50:02.006-04:00"Never was so much paid by so many for so lit..."Never was so much paid by so many for so little."<br /><br />But! <br /><br />Returns or even returns adjusted for risk aren't the right measure. If hedge funds really are hedge funds and if VC and private equity funds are poorly correlated or negatively correlated with other assets then diversification makes them worthwhile. Still any business which doesn't compete on price isMtMorunoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-45620277851088264722012-05-09T10:00:05.189-04:002012-05-09T10:00:05.189-04:00Exactly.
"You put Lloyd Blankfein in pound-m...Exactly.<br /><br />"You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop."LaurentMelchiorTelliernoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-62646207724153073042012-05-09T07:47:11.603-04:002012-05-09T07:47:11.603-04:00Bingo.Bingo.Davidhttp://pulse.yahoo.com/_YDZBHXLLMKKWHQUFAJFBARCWTYnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-83346511158329847102012-05-09T01:44:34.981-04:002012-05-09T01:44:34.981-04:00Thanks for posting this. Ideas that go against con...Thanks for posting this. Ideas that go against conventional thinking are always welcome!uair01http://uair01.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-39567044307227113872012-05-08T18:36:15.700-04:002012-05-08T18:36:15.700-04:00Suppose you are a public pension fund manager. Fro...Suppose you are a public pension fund manager. From an actuarial<br />POV, you need a return >10% for inflows<br />to exceed outflows over the long term. Statistically, you understand this is<br />impossible considering the amount of money you are managing and the fact that the S&P doesn't exceed 8% over the longterm. You<br />understand that given the magnitude of your investment SLD82noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-31310936483233369802012-05-08T14:39:00.570-04:002012-05-08T14:39:00.570-04:00Re: Hedge Funds
Simon Lack's recent book, the...Re: Hedge Funds<br /><br />Simon Lack's recent book, <a href="http://www.amazon.com/Hedge-Fund-Mirage-Illusion-Money/dp/1118164318/ref=ntt_at_ep_dpt_1" rel="nofollow">the Hedge Fund Mirage</a> touches on similar issues. If you look at the profits generated by Hedge Fund industry, most of it has gone to insiders: see <a href="http://www.verisi.com/resources/hedge-fund-profits.htm" rel="Ben Loricahttp://twitter.com/bigdatanoreply@blogger.com