The new strategy of Sequoia fund to become an evergreen fund raised concerns due to its reliance on market stability. The strategy involved parking and holding money while offering liquidity mechanisms for special circumstances, like funding cancer research. However, in times of market downturns, such mechanisms could quickly spiral out of control, leading to the need to borrow money or liquidate positions, contrary to the initial intention of not liquidating positions. Trying to outperform the market across all asset classes creates immense pressure and may lead to the use of leverage and debt, which can be favorable in bullish markets but risky when market conditions change.