Alternative Assets

“I think the venture growth ecosystem gets like a bad rap, but it's gonna be every alternative asset. Their 20 and 21 funds are gonna be awful relative to earlier funds because you had, you know, people thought they were gonna make, you know, a forex in, you kn…”

“If you start to get into a seven or an eight-figure portfolio, people, we, you do find that their so-called alternative asset or their private market exposure goes up in correlation with their net worth. So whereas your average person with a million dollars ma…”

“There's 83 trillion dollars and sub three percent of it, sub two percent of it is like less than, you know, two trillion dollars is in kind of what you would call alternative assets today, which means there's a massive, massive opportunity to sell alternatives…”

“I think as alternative assets have institutionalized, managers have been asked to take on narrower and narrower strategies with very strong financial incentives, but the nature of investing is such that opportunity sets are transient.”

“What was the original promise of alternatives? It's twofold. It is first, by being early to finding an asset or an idea or an investment, you can extract outsized returns before the world finds them. And secondly, finding assets that have non-correlated idiosy…”

“The lesson here is that category alternative assets are a great thing to bootstrap into because they like one deal basically can make you as a business and then you can go from there.”