2min chapter

Acquired cover image

Howard Marks & Andrew Marks: Something of Value

Acquired

CHAPTER

Is Venture the Super Inefficient Market?

It's very dangerous to just make qualitative judgments about a company that seemingly everyone has. If you're talking about public equities or any public market, there's so much information out there. Yes, maybe you can have some advantage, but it's very hard. So if you're instead operating in a private market that is at least relatively to the public markets, much more liquid, you can have more advantages.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode