Capacity Is Not a Goal for a Manager

A few years ago i saw you kind of make reference to the dangers of becoming too big when you are a short-term manager. I don't have a goal for the firm in terms of asset size let me give you a better answer which comes from somebody who is much smarter than i am, says that he always laughs at allocators who ask him like what is your capacity. For us as a firm we're trying to enter new areas with a very very strict filter which is we want returns which are positive these cubes size is not a goal so i can never say no but there's a lot of leeway based on resources and capabilities.

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