5min chapter

The Alchemy of Money cover image

Reflections on the Investing Process with Michael Mauboussin

The Alchemy of Money

CHAPTER

Is There a Shortening of the Feedback Loop?

I'm curious how you think about the sort of your tool belt of concepts and ideas and how it applies to people who are active in private markets. You can't just select any security you have to get into a deal so that so there's certain incentives and certain just different mechanisms but I'm sure, I mean, it's just a fact that a lot of the industry has shifted. The return on assets is an outlay today and return for more cash in the future after adjusting for inflation hopefully you know you earned some appropriate return from the risk you're assuming.

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