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RE #186: Moses Kagan - Part 2 | On Value-Add MF, A New Core Strategy, ReConvene, Los Angeles, and How He's Looking at The World

The Fort

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Is There a Certain Kind of Personality Type That Should Be Running These Kind of Businesses?

The technology to do these deals has democratized. Most people should not, in my opinion, be trusted to be fiduciaries on behalf of investors. It's a very weird personality type that has both the risk acceptance necessary to do deals and also the risk avoidance necessary not to get into trouble. You don't know until someone reaches early adulthood whether they are even going to be the type of person who should be trusted with other people's capital.

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