Manager Concentration
topic on 1 show · 1 statements across 1 episodes
1 statements about Manager Concentration, every show
Palihapitiya: Manager concentration consistently decays returns over time
“Manager concentration always drives decaying returns. And the problem is either the surface area of their skill becomes very rigid and fixed, and so you force them to go out of their sweet spot. Or even worse, they become risk averse because they have not refi…”