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Private Equity - I'm Not Going to Pay the Intermediary That Charges Management Fees
The coffin foundation came out witha, someone had sent this to me, a really fascinating report on their experience and venture capital. And basically none of them, a small fraction of them, i think it was 20, we're able to clear a public market super liquid ina return equivalent by the say, three % or more that you're trying to get from these private type liquid, long term investments. So their takeaway was largely, we're out of this game. Were we can't, we can't the winners. I man terrified in private equity. You know, you're talking down 30 to up 50 type dispersion depending on, you know, where you choose, what vintage