E146: Did the Fed break the VC model? Plus IPOs, M&A, revaluing unicorns & more
All-In with Chamath, Jason, Sacks & Friedberg
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The Importance of Alternative Returns
The alternative returns should be considered when analyzing investment numbers./nThe spread between the alternative returns and the actual return is important./nA visualization can help in understanding the difference between investment returns./nThe difference between the return of a specific investment and the return of the market is called alpha./nDeciding to own a specific investment instead of the market leads to a different return stream./nComparing the returns of two different investments helps determine their relative performance.
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