AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Michael Mauboussin - Pattern Recognition and Public Markets (EP.370)
Capital Allocators – Inside the Institutional Investment Industry
The Profound Impact of Wealth Creation by a Small Percentage of Companies
Venture capital has a short time horizon compared to public markets. Research studying public companies since the 1920s found that nearly 60% failed to earn returns exceeding treasury bills, resulting in $9 trillion in wealth destruction. In contrast, the remaining 40% generated $64 trillion, with the top 2% creating $50 trillion out of the total $55 trillion in wealth creation. This signifies that just a small percentage of companies contribute significantly to overall wealth creation in an extraordinary manner.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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