Quant Equity

The career risk is much more intense than a lot of people think, both for the manator and for the person giving that manator money. The capital calls of private equity and venture capital are really cyclical. They know that the opportunities are better when things are cheap or expensive. But thereare two other r dinamics going, which are that, uh, private equity, you have to have a company to buy,. And so if you have some great family business you've owned for a hundred years, and then the market crashes, you think, probably we should wait a year. So maybe this strategy isn't just dead in the water.