If Nassim Taleb were a VC
- The muscles of portfolio construction and valuation atrophy, as consensus-driven ‘access’ dominates behavior and idiosyncratic risk falls out of favour.
- The typical ‘power law’ distribution of outputs collapses as few genuine outliers can be realised from a concentrated pattern of investment.
- As returns converge on a mediocre market-rate, investors
WIll Manidis • Risk Capital - Credistick
