IRR Models
topic on 1 show · 1 statements across 1 episodes
1 statements about IRR Models, every show
Small: Sizing public equity positions purely on modeled IRR is suboptimal
“We were religious about keeping our five-year internal rate of return models up to date and trading off that. The higher the IRR, the bigger the position. We learned that wasn't the best way. We changed over time at that point to adding a conviction element”