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The Arbitrage of Capital Markets
"I think one of the misnomers in capital markets is, where do short term thinkers play? And where do long term thinkers play?" he asks. "Well, that's the arbitrage. Everybody says that the private markets are for long term thinking. Ah, they're not. They're the most short-term you can imagine." He adds: 'For me, i am playing a life game, an infinite game, so it never ends'