Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
When the going gets tough, the tough solicit retail investors. Retail customers become the last resort for asset managers when investments are shunned by institutional clients. Private capital asset classes, including private equity and venture capital funds, have underperformed to the point of embarrassment. Affluent investors, clients with a net worth between one and five million dollars, have emerged as the reliable funding source. According to Morningstar, wealthy retail investors should worry.
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