“Family Offices Like Archegos Take Big Risks Like Hedge Funds”
Yet the article fails to name a single FO that takes big risks... even though it’s not difficult to work out which those are (at least some).
Yet the article fails to name a single FO that takes big risks... even though it’s not difficult to work out which those are (at least some).
The statistically likely explanation: the journalists/editors behind the story truly don’t know.
The cynical explanation: they are fully aware, but the FOs of interest pay PR top $$$ to control articles written about them, or they use their $/influence in other ways to censor.
The cynical explanation: they are fully aware, but the FOs of interest pay PR top $$$ to control articles written about them, or they use their $/influence in other ways to censor.
The one great observation of that article: it astutely points to cultural differences between FOs often arising from generational differences:
1st gen FOs (the generation that made the $) tend to be risk takers.
The subsequent generations.. I will leave it to you to imagine.
1st gen FOs (the generation that made the $) tend to be risk takers.
The subsequent generations.. I will leave it to you to imagine.
The corollary to @JohnArnoldFndtn amusing but true take below: there are rich people who pay $$$ to get attention. Then there are rich people who pay $$$ to deflect attention, to disappear.
https://twitter.com/johnarnoldfndtn/status/928613563006115840
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