Public World
topic on 2 shows · 2 statements across 2 episodes
2 statements about Public World, every show
Giannini: Private market investors shrug off 100-basis-point spreads unlike public markets
“In the public world, in bonds or even in stocks, a basis point matters. 10 basis points, you're like salivating. In the private markets, we're kind of like, ho hum, a hundred basis points here, a hundred basis points there, no big deal, who cares?”
Management and investor alignment is stronger in private markets than public
“I think one of the reasons that private companies work well and are working better and better is that the alignment of management and investors is more highly aligned in the private world than they are in the public world.”