manager concentration
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Dec 7, 2020 by Chamath Palihapitiya · across every show →
Everything said about manager concentration, oldest first
Dec 7, 2020 negative
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…”