|
|
|
|
|
|
by VictorHo
5693 days ago
|
|
|
This argument makes sense, but aren't many large PE shops and Hedge Funds (which either acquire large companies whole, or make many small investments in thousands of companies) a counter example to this? Many have $5B+ valuations, often limited intentionally by a desire not to expand beyond 40-50 investment professionals. Seems like there is no inherent law preventing a portfolio manager from becoming bigger than any single item in his portfolio. |
|
|