Investment Returns
topic on 3 shows · 4 statements across 4 episodes
My First Million 
20VC 
Capital Allocators
4 statements about Investment Returns, every show
Puri: Taller investors raise more money but don't generate higher returns
“The tall guy probably could raise more money, but not necessarily make more money.”
Peters: Fed bailouts preventing capital destruction guarantee a prolonged low-return environment
“What the Fed is doing and the Treasury is they're saying, let's just make sure that no one goes broke, and let's make sure that none of this capital gets destroyed, and so I don't see how that doesn't lead to a long period of really low returns.”
Housenbold: Entry price is the highest determinant of investment returns
“If you look at all the historical data, both pragmatic data as well as academic data, the highest R-square determinant for investment returns is your entry price.”
Declining returns will force endowments toward more idiosyncratic alpha investments
“I think it's gonna have to be more if we're gonna continue to outperform, because I think returns are coming down, and if returns are gonna come down, and our five percent payout is not coming down, we're just gonna have to find different ways to create alpha,…”