Cory Doctorow on Nostr: You'd think that these would be somewhat zero sum, right? If you use some of your ...
You'd think that these would be somewhat zero sum, right? If you use some of your investors' cash to buy a company, and then sell off that company for a profit, you get the 20%, but now the pot of money you're managing has gone down by the amount you used to buy the company, and so your 2% carry goes down, too.
21/
Published at
2024-08-08 14:47:39Event JSON
{
"id": "7f2cad2c76e77bd60c5b03ab74089d80c7caab2e298066b02f9fbbcf3d3e5e30",
"pubkey": "21856daf84c2e4e505290eb25e3083b0545b8c03ea97b89831117cff09fadf0d",
"created_at": 1723128459,
"kind": 1,
"tags": [
[
"e",
"ea0b48f2e0e23a997712dc3a74b8387595ba40242727e27fcecf83232c4cc655",
"wss://relay.mostr.pub",
"reply"
],
[
"content-warning",
"Long thread/21"
],
[
"proxy",
"https://mamot.fr/users/pluralistic/statuses/112926946698695036",
"activitypub"
]
],
"content": "You'd think that these would be somewhat zero sum, right? If you use some of your investors' cash to buy a company, and then sell off that company for a profit, you get the 20%, but now the pot of money you're managing has gone down by the amount you used to buy the company, and so your 2% carry goes down, too.\n\n21/",
"sig": "be26689c6099b74b8f848d8cb379b7ae78beca75045a7e69e0f1fa5ff24d50c667aea49b64ee7179fe98f2d4381078aa6ae59489493ba7239d2dfb10c71e740c"
}