Work on Stuff that Matters: First Principles – Work on something that matters to you more than money.

Work on Stuff that Matters: First Principles

by Tim O’Reilly | @timoreilly | +Tim O’Reilly | Comments: 91 | January 11, 2009

I spent a lot of last year urging people to work on stuff that matters. This led to many questions about what that “stuff” might be. I’ve been a bit reluctant to answer those questions, because the list is different for everyone. I thought I’d do better to start the new year with some ideas about how to think about this for yourself. First off, though, I want to make clear that “work on stuff that matters” does not mean focusing on non-profit work, “causes, or any other form of “do-goodism.” Non-profit projects often do matter a great deal, and people with tech skills can make important contributions, but it’s essential to get beyond that narrow box. I’m a strong believer in the social value of business done right. We need to build an economy in which the important things are paid for in self-sustaining ways rather than as charities to be funded out of the goodness of our hearts. There are a number of half-unconscious litmus tests I use in my own life. I’m going to try to tease them out here, and hope that you can help me think this through in the comments.

Work on something that matters to you more than money. Read more of this post

David and Goliath: Underdogs, Misfits and the Art of Battling Giants: Malcolm Gladwell’s study of unlikely victors is his most enjoyable book yet, writes Lucy Kellaway

October 4, 2013 7:04 pm

Lucy Kellaway on ‘David and Goliath’ by Malcolm Gladwell

Review by Lucy Kellaway

Malcolm Gladwell’s study of unlikely victors is his most enjoyable book yet, writes Lucy Kellaway

David and Goliath: Underdogs, Misfits and the Art of Battling Giants, by Malcolm Gladwell, Allen Lane, RRP£16.99/Little, Brown, RRP$29, 320 pages

David and Goliath is an ill-assorted collection of anecdotes that demonstrates various things we already know. It tells us that having nothing to lose can make you bolder. That if you deploy power indiscriminately, it may backfire. And that losing a parent early on can give you a leg up if you plan on becoming a genius. Malcolm Gladwell’s new book comes without the single, catchy idea that made his earlier ones such stonking successes. The Tipping Point (2000) introduced us to the instant at which a trend became a trend. Blink (2005) told us how we make decisions without thinking. And Outliers (2008) warned that if you want to get good at something, you’ll need to spend 10,000 hours practising. Yet David and Goliath is Gladwell’s most enjoyable book so far. It is a feel-good extravaganza, nourishing both heart and mind. Each of its stories – set in Northern Ireland, Alabama, California, Vichy France and ancient Palestine – has an ending that is both happy and surprising. Gladwell is a master at marching us off in one direction, only to end up taking us somewhere else instead – somewhere better. Read more of this post

Pull closet indexing out of the closet; Fund manager practice is a tax on millions of investors

October 4, 2013 2:15 pm

Pull closet indexing out of the closet

John Authers

Fund manager practice is a tax on millions of investors

In the UK, people are trying to pull closet indexing out of the closet. It is a fight that could have global implications. This is one issue on which there is no need to sit on the fence. The debate betweenactive managers, who try to beat their benchmark, and passive managers, who merely track it, will go on and on. But everyone can agree that there is no case for closet indexing – the practice of running an “active” fund, charging active management fees but, in practice, offering an investment that merely hugs the index. Read more of this post

Tongyang Group Chairman Hyun Jae-hyun’s risky bets have led the mid-tier conglomerate to head toward a tragic end, producing innocent victims

2013-10-04 17:46

Tongyang investors to take fall

Financial regulator launches taskforce to help victims
By Kim Tae-jong


Aletter to Tongyang Group Chairman Hyun Jae-hyun was found in the car where a female employee at a Jeju branch of Tongyang Securities committed suicide on Oct. 2, feeling guilty about customers’ losses

Tongyang Group Chairman Hyun Jae-hyun’s risky bets have led the mid-tier conglomerate to head toward a tragic end, producing innocent victims.
The group’s five affiliates including Tongyang Cement & Energy and Tongyang Networks have been placed under court receivership, and its previous efforts to keep afloat through bond issuance have also harmed tens of thousands of retail investors.
Pressured by the guilt over customer losses, a female employee from a Jeju branch of Tongyang Securities took her own life on Oct. 2. The brokerage affiliate sold more than half of corporate bills and bonds issued by the group.
Identified only by her surname Ko, she was found dead in her car in an apparent suicide with a suicide note and letter to chairman Hyun found in the scene.
“Chairman Hyun, you can’t do this to your employees and customers,” she wrote in her letter to Hyun. “I recommended to customers (to buy our corporate bonds and bills) to offer them high interests. I really trusted Tongynag Group.”
She also expressed her deep regret over the financial damage caused to customers, demanding the group take measures to make full compensation for them.
The police stated she made a tragic decision, and that she suffered from complaints from customers who were subject to huge losses from their investment, after the group’s five affiliates sought court receivership. Read more of this post

Capturing the Innovation Mindset at Bally Technologies

Capturing the Innovation Mindset at Bally Technologies

by Vijay Govindarajan and Srikanth Srinivas  |   9:00 AM October 4, 2013

Bally Technologies, a leading provider of gaming systems for casinos, has earned more than 60 awards for innovation in just the last four years. It increased R&D spending from 7-8% of revenue before 2009 to 11-12% of revenue starting in 2010, and maximized the return on that increased investment. The result: Its return on assets tripled, from an industry-lagging position below 4% to an industry-leading position above 12%. How did Bally Technologies do it? Through an innovation excellence framework. This framework is not new; we introduced a similar mindset in an earlier post with 3M. But while the foundational elements are the same, Bally Technologies uses them in a distinct way. It has a more rigorous organization structure that divides responsibilities between the innovation team and development team, and strengthens management around the opportunity pipeline. The company combines this with an intense focus on execution and weekly course correction — but also uses innovation as a means to get the employees energized. Bally Technologies has achieved great success, but only after making this framework its own. Using the five tenets we introduced before, here’s a breakdown of how the company does just that. Read more of this post

Tips for entrepreneurs from Yammer co-founder Adam Pisoni

Caitlin Fitzsimmons Online editor

Tips for entrepreneurs from Yammer co-founder Adam Pisoni

Published 04 October 2013 12:02, Updated 04 October 2013 14:36


Adam Pisoni co-founded a software company and sold it to Microsoft for $US1.2 billion five years later.

The product, Yammer, is a social networking tool to foster collaboration inside companies and is being integrated into the Microsoft Office suite. Pisoni is still running the business, based in downtown San Francisco with about 350 staff. A year after the acquisition, Pisoni claims to want to stay at Microsoft to see Yammer “change every company on the planet” – although he would be bucking a trend if he did so. (Statistics show the majority of start-up founders leave within two years of an acquisition). BRW caught up with Pisoni last month at Microsoft Australia’s TechEd conference on the Gold Coast and he shared his tips for aspiring entrepreneurs. Read more of this post

On today’s campuses, the Socratic ideal of genuine intellectual encounters has largely disappeared

October 4, 2013, 3:51 p.m. ET

Book Review: ‘Why Teach?’ by Mark Edmundson

On today’s campuses, the Socratic ideal of genuine intellectual encounters has largely disappeared.


Picture a day in the life of an ambitious American undergrad. Morning starts with a pre-law course that does little to nourish his soul but that has been commended to him by an adviser. After an internship interview with an investment firm, he’ll spend the afternoon on elective courses with titles like “GaGa for Gaga: Sex, Gender, and Identity” (actually taught at the University of Virginia) or “Invented Languages: Klingon and Beyond” (University of Texas at Austin). The evening is reserved for drunken revelry. Read more of this post

Earth’s Oxygen: A Mystery Easy to Take for Granted

October 3, 2013

Earth’s Oxygen: A Mystery Easy to Take for Granted


To Donald E. Canfield, there’s something astonishing in every breath we take. “People take oxygen for granted because it’s just there and we breathe it all the time,” said Dr. Canfield, a geochemist at the University of Southern Denmark. “But we have the only planet we know of anywhere that has oxygen on it.” What’s even more astonishing is that Earth started out with an oxygen-free atmosphere. It took billions of years before there was enough of the element to keep animals like us alive. Although scientists have been struggling for decades to reconstruct the rise of oxygen, they’re still making fundamental discoveries. In just the past two weeks, for example, Dr. Canfield and his colleagues have published a pair of studies that provide significant clues about some of the most important chapters in oxygen’s history. They’re finding that our weirdly oxygen-rich atmosphere is the result of a complicated dance of geology and biology. Read more of this post

Chinese e-cigarette inventor fights for royalties

Chinese e-cigarette inventor fights for royalties



OCT 4, 2013


Smokin’ clean: Hon Lik, widely acknowledged as the first person to develop a commercially viable electronic cigarette, smokes a pipe version on Sept. 23 at his office in Beijing. | AFP-JIJI

BEIJING – The Chinese inventor who dreamed up the electronic cigarette in a nicotine-induced vision says that despite its global popularity, copycat versions and legal disputes mean he has battled to cash in on his creation. “Smoking is the most unhealthy thing in people’s everyday lives. . . . I’ve made a big contribution to society,” said Hon Lik, 57, in a cramped office in Beijing, sending tobacco-scented smoke into the air as he puffed on a battery-powered pipe. “But I don’t live like a rich person, because of all the troubles our company has faced.” Read more of this post

Funding startups ‘a bit of a lottery’: How one angel investor has perfected choosing which companies he invests in

Funding startups ‘a bit of a lottery’: How one angel investor has perfected choosing which companies he invests in

Armina Ligaya | 30/09/13 9:30 AM ET
Colin Wyatt calls his first foray into the world of angel investing “a wipeout.”

The National Angel Capital Organization (NACO) serves Canada’s angel investor community, with a mission to scale up its size and scope. To that end, it is set to release a report on the state of angel investing in Canada. While I don’t know what this report will say, I can guess it will argue investing levels are not even close to where they need to be to allow Canada to advance its early stage entrepreneurial investment opportunities. It was the late 1990s, and the Canadian technology executive decided to invest $150,000 in a U.K.-based startup called Imagine. Their model was to put kiosks in retail stores which would recognize customers by their mobile phones and print out physical coupons based on their shopping preferences, he said. Read more of this post

Era of mobile settlement already approaches in Korea

Era of mobile settlement already approaches

Lee Deok-ju, Won Yo-han

2013.10.04 17:29:55


A Korean office worker in his 30s only named as his initial ‘K’ always touches his smartphone on the ticket turnstile instead of inserting a subway ticket into the device. His smartphone has a mobile T-money payment system of transport fares. The near field communication (NFC)-enabled smartphone works the same as the plastic payment card.
In his way to start the company, he decided to read a comic using his smartphone. When he chose his favorite comic book from an electronic shelf of Yes 24 and settled his deal on a simple payment method provided by KG Inisys. This is part of mobile settlement that is being shaped to cover all types of commerce with separate payment for each deal possible. According to the nation’s five major credit card companies on Friday, a total of 3.3 million mobile cards have so far been issued. Nearly 90 billion won ($84.1 million) worth of transactions were settled through these mobile cards in September alone. It represents just 0.21% of 43.4 trillion won settled monthly through all credit and check cards in Korea last year, but it’s a significant rise compared to 2010 when 55,000 mobile cards were issued with 1 billion won of transactions were settled. Attention is being paid to growth potential of mobile cards, as they have become part of our everyday life. “Telecom service providers, portals and even social network service firms have tapped into local payment gateway markets and the future business outlook is bright because mobile commerce users are increasing sharply,” said Kim Min-seok, head of SK C&C Mobile Business.

Looming corporate liquidity woes in Korea

2013-10-04 17:19

Looming liquidity woes

Alarmed by the sudden court receivership applications by the main affiliates of Tongyang Group earlier this week, creditor banks are reportedly pressuring some of the nation’s major conglomerates to improve their balance sheets. These moves are intended to prevent the financially troubled chaebol from following in the footsteps of Tongyang, the 38th-largest conglomerate, by forcing them to dispose of assets, restructure businesses and hurriedly secure liquidity. Read more of this post

Korean retail conglomerate E-Land Group’s M&A drive has raised concerns among investors that its aggressive growth strategy may deteriorate its financial health

2013-10-04 17:47

E-Land’s M&A drive draws concern

By Kim Tae-jong
E-Land Group’s merger and acquisition (M&A) drive has raised concerns among investors that its aggressive growth strategy may deteriorate its financial health. The group, a mid-tier conglomerate specializing in the fashion, leisure and retail sectors, is expected to acquire a resort in Pocheon, Gyeonggi Province. This will, if successful, be the group’s seventh M&A deal this year. According to industry sources, E-Land has recently signed a memorandum of understanding to acquire the Bears Town Resort as part of its efforts to strengthen its leisure business. Read more of this post

Why Qunar will travel with Baidu

Why Qunar will travel with Baidu

By Dan Primack June 24, 2011: 10:06 AM ET


Chinese search giant Baidu (BIDU) is making a major push into the travel market, today agreeing to acquire a majority stake in privately-held Qunar for $306 million. So I spent some time on the phone this morning with venture capitalist Richard Lim, a Qunar board member and managing director of GSR Ventures. What follows is an edited transcript:

Fortune: What is your firm’s history with Qunar?

Lim: We were the first investor, leading the Series A round in 2006. Then we helped put together the Series B round a year or two later, and worked with them on the Series C round that closed in December 2009. Read more of this post

The new Facebook lives in China: Tencent’s WeChat

The new Facebook lives in China

ON OCTOBER 4, 2013

We’ve said it before, but because we’re just wrapping up a special report about mobile chat, it’s worth saying again. WeChat is, like, the biggest thing ever. China’s leading mobile chat app, a product of Tencent, the country’s largest Internet company and one of the top five in the world by market cap, has achieved virtual ubiquity in the Middle Kingdom, taking up residence on the handsets of the young and old. It enjoys the sort of dominance in China that Facebook enjoys in the US. And it’s only going to get bigger. Read more of this post

Sina CEO Charles Chao on How Weibo Is Changing China

Sina CEO Charles Chao on How Weibo Is Changing China

Published on October 4, 2013
by Liz Gannes

The microblogging platform Sina Weibo has brought transparency to China, according to Sina CEO Charles Chao, who can reel off example after example of Weibo acting as a democratizing force — loaded as that term may be. “It’s a check and balance in society, which makes Chinese society much, much better,” Chao said. “Before, if anything happened, any accident or disaster, the information can be withheld or contaminated by government media control; but now it’s impossible, almost, to withhold information,” Chao said in remarks at the Stanford University China 2.0 conference on Thursday. Sina Weibo has 56 million daily active users in China, who spend an average of one hour per day with the service. It’s an extremely valuable property; in April, Alibababought an 18 percent stake for $586 million. Read more of this post

China threatens closure of mobile news apps amid Internet crackdown

China threatens closure of mobile news apps amid Internet crackdown

Filed September 30, 2013

BEIJING – China on Monday launched a crackdown on several mobile news applications that provide news information services without approval from government regulators, threatening to shut down those who refuse to “rectify”.The ruling follows a government campaign to curb “online rumors”, as the government tries to rein in social media.The State Internet Information Office said that some of the news applications carried “pornography and obscene information and harm the physical and mental health of youngsters”, and others published false information.Some mobile news applications also provide a channel for subscribers in China to read articles published by foreign media outlets whose articles have been blocked in China, such as the New York Times.Mobile news applications identified include Zaker, which said it had more than 17.5 million users at the end of April, and Chouti whose slogan is: “Publish all that should not be published.”The state regulator has told authorities to further crack down on illegal mobile news applications, by requiring them to “rectify” according to the laws.The government will close down and ban those who refuse to rectify “to maintain order of news dissemination on the mobile internet”.China’s top court and prosecutor issued a regulation in September specifying that people will be charged with defamation if online rumors they create were visited by 5,000 internet users or reposted more than 500 times. Those responsible can be sentenced to three years in jail.Lawyers and activists called the latest crackdown a significant, if crude, expansion of powers to police the Internet and a blow to those who rely on microblogs to disseminate information that is often not monitored as strictly as traditional media.

Wal-Mart Stores Eyeing Acquisitions in China

October 4, 2013, 9:30 p.m. ET

Wal-Mart Stores Eyeing Acquisitions in China

Deal Could Include Another Foreign Player, Though Not Necessarily a U.S. or European Company, Executive Says


BEIJING—Wal-Mart Stores Inc. WMT -0.49% is eyeing acquisitions in China, a top regional executive said, a key market where rivals are building up and where the U.S. retailer has struggled to copy the success it has enjoyed in the U.S. The retailer, which has 398 stores across 118 cities in China, is looking for deals to build market share in cities where it isn’t already the No. 1 or No. 2 player, said Scott Price, chief executive of Wal-Mart’s Asia division. Mr. Price declined to disclose details on regions or potential companies it would acquire. He said a deal could include another foreign player, though not necessarily a U.S. or European company. Read more of this post

Zhejiang official fled to the US with RMB 500 million; corrupt official tracked down in Orange County outside Los Angeles. He has at least 7 houses in the US, all paid for in cash

浙前政协委员卷款5亿逃美 行踪暴露债主上门

2013-10-02 05:37:54




The maker movement (or DIY, for “do it yourself”) is gaining ground in China, challenging assumptions about the country’s capacity for innovation

October 4, 2013, 8:06 p.m. ET

In China, Lessons of a ‘Hackerspace’

Do-it-yourself hubs are giving a boost to tinkerers and inventors


Several years ago, Peng Ziyun was at the Shanghai Conservatory of Music, studying music and technology. She learned about sound engineering and wanted to build something of her own. But she didn’t know how, and she didn’t have anyone to teach her. An Internet search led her to Xinchejian, China’s first formal “hackerspace,” a community-run workshop where ordinary people tinker with everything from art projects to robots. Read more of this post

Property database delay frustrates China’s anti-graft drive

Property database delay frustrates China’s anti-graft drive

Wed, Oct 2 2013

By Megha Rajagopalan

BEIJING (Reuters) – China’s plan for a nationwide property database, once hailed as an antidote to corruption, has stalled amid resistance from local governments that illustrates the difficulty Beijing faces in driving through reforms to tackle widespread graft. The database is not only seen as vital for authorities to control a frothy housing market – it would also force corrupt local officials to come clean about properties purchased from ill-gotten gains, industry experts say. Read more of this post

Inside the world of China’s “shadow banks”; Huang Fajing, otherwise known as ‘The Lighter King,’ believes that shadow banking -which had innocent beginnings in Wenzhou – has spiraled out of control throughout China

Inside the world of China’s “shadow banks”

The coastal city of Wenzhou, population 9 million, is considered the birthplace of China’s thriving shadow banking sector.

by Rob Schmitz

Marketplace for Thursday, October 3, 2013


Huang Fajing, otherwise known as ‘The Lighter King,’ believes that shadow banking -which had innocent beginnings in Wenzhou – has spiraled out of control throughout China.

Wherever you go in the coastal city of Wenzhou, you hear the sounds of people working, spilling out of thousands of small factories which line the streets. One neighborhood makes most of the world’s metal cigarette lighters. A couple of miles away, there’s a neighborhood devoted to shoe soles. The district beyond that? Felt tip pens. Nearly all of them are small, privately-owned businesses getting zero help from the government. According to Wenzhou businessman Huang Fajing, this — combined with the city’s geography — has created some of the keenest businessmen on the planet. Read more of this post

Coming Your Way: China’s Rotten Apples

Coming Your Way: China’s Rotten Apples

By Adam Minter  Sep 30, 2013

The juice of rotten Chinese apples isn’t something that most American parents would serve to their children. But if a recent report from the Chinese press is accurate, they may very well have been doing so for years without anyone — including U.S. government inspectors — knowing it. The news was broken by the independent-minded 21st Century Business Herald, which sent reporters to a region of the country known for its fruit groves and fruit-juice manufacturers. They found three of China’s leading juice manufacturers purchasing rotten apples and pears from farmers unable to sell them for direct human consumption. Chinese regulators shut down two of the plants, despite failing to find stocks of rotten fruit on the factory premises, and investigations are ongoing. Nonetheless, as Quartz reported last week, two of the plants in question receive significant government export subsidies (and one of the plants supplies 27 percent of the apple juice that China exports to the U.S. and Canada, annually). Under such circumstances, it’s highly unlikely that China’s regulators will move to harm any reputations.

Read more of this post

Beijing Says “No” to “Land Kings” amid Concerns over Overheated Market

Beijing Says “No” to “Land Kings” amid Concerns over Overheated Market

09-29 14:57 Caijing

Land Kings have re-emerged in big cities like Beijing and Shanghai over the last few months as rising house prices fan hopes of a recovering market. China’s Ministry of Land Resources (MLR) is calling a halt to land kings as he warns about soaring housing prices promoted by activities in the country’s overheated real estate market. No new land kings shall be seen within the year, said Hu Cunzhi, the deputy minister while ordering first-tier cities to increase residential house supplies to tame prices.  Read more of this post

Two top Leighton Holdings executives secretly created a rival company with a suspected corrupt “bagman” while they were meant to be working for the construction group

Leighton: bagman’s inside job



David Savage was Leighton’s top international executive when he created a rival company in late 2010.


Two top Leighton Holdings executives secretly created a rival company with a suspected corrupt “bagman” while they were meant to be working for the construction group. Confidential company emails reveal that David Savage covertly launched “Project T” under the cover of his job as Leighton’s top international executive in late 2010. Project T sought to lure several Leighton senior figures, including the chairman of its Dubai-based joint venture Habtoor Leighton Group, Riad al Sadik, and a suspected corrupt Leighton global consultant Packianathan Srikumar, to a private firm operating in the same market as Leighton and which could conceivably compete with it to win work. Read more of this post

With box office takings in Asia growing faster than anywhere else in the world, more studios from Hollywood and beyond are seeking local partners to tap into the region

As Asian movie industry flourishes, industry looks to region for tie-ups


OCT 4, 2013

BUSAN, SOUTH KOREA – With box office takings in Asia growing faster than anywhere else in the world, more studios from Hollywood and beyond are seeking local partners to tap into the region, industry players say. Many co-productions are visible at the 18th Busan International Film Festival that opened Thursday in South Korea, featuring a series of events aimed at facilitating cross-border deals. Read more of this post

Japan is one of the few countries in the world with no corporate-governance code, minimal disclosure about firms’ governance practices, and no rules whatever about director training

October 3, 2013, 12:50 p.m. ET

The Reform Abenomics Needs

Changes to corporate governance could spur growth without adding a yen to Japan’s deficit.

By Nicholas Benes

Speaking at the New York Stock Exchange NYX +2.48% last week, Japanese Prime Minister Shinzo Abe told investors, “Buy My Abenomics!” It was the sort of salesman’s chutzpah that Wall Street traders appreciate, but Japan’s economic program is a tougher sell than Mr. Abe may think. And it will remain so unless he delivers on the long-awaited “third arrow” of Abenomics: substantive structural reforms. Read more of this post

Potbelly (PBPB), the Chicago-based purveyor of made-to-order toasted sandwiches, began in 1977 as an antiques store that provided sandwiches and desserts to customers to boost sales. Now, It had 280 company-operated shops

Potbelly Jumps in Trading Debut After $105 Million IPO

Potbelly Corp. (PBPB), the Chicago-based purveyor of made-to-order toasted sandwiches, more than doubled in trading after pricing its IPO above an increased range. The shares surged to $31.28 at 10:12 a.m. in New York. The company and existing stockholders sold 7.5 million shares for $14 each, according to data compiled by Bloomberg, after offering them for $12 to $13. The company raised the range Oct. 2 after initially setting it at $9 to $11. Potbelly has been expanding in cities from Portland, Oregon, to New York and expects to open as many as 35 new shops this year, according to its prospectus. The company plans to use proceeds from the offering to support this growth, in addition to funding a dividend and paying back loans. Noodles & Co. (NDLS), the first U.S. restaurant IPO this year, also more than doubled in its June trading debut. The shares advanced 139 percent from the offering through yesterday. Read more of this post

State of Flux for Solid-State Drives


State of Flux for Solid-State Drives

MKM says smartphone and tablet sales are shifting from high-end to low-end.

MKM Partners

Following significant price increases in memory in late 2012 and the first half of 2013, DRAM appeared to be set for a return to a more normalized downward trajectory in the third quarter before a fire at Hynix’s Wuxi, China semiconductor fabrication plant (responsible for 12% of global DRAM output) in early September sent spot pricing dramatically higher. NAND prices, which had appeared to have stabilized, moved slightly higher in sympathy with DRAM on the possibility that some manufacturers, such as Samsung [of South Korea] and Micron Technology (ticker: MU) (rated at Neutral, $16 fair value) could switch capacity from NAND to DRAM to make up for the Hynix shortfall. Read more of this post

A Peek Behind the Curtain: No one has been willing to share private equity data – until now

A Peek Behind the Curtain

by Greg Brown | Oct 4, 2013

No one has been willing to share private equity data – until now

Historically, research into private equity topics runs into one major barrier: access to data.
Finance professor Greg Brown, an expert in private equity, is familiar with the challenges of finding and analyzing data sets, which by their nature are private.
Big, institutional, multibillion-dollar investors don’t like to disclose this information,” Brown said. “If you’re lucky, you get a large limited partner to share their portfolio with you, which would give you data on hundreds of funds.” Read more of this post

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