All-In with Chamath, Jason, Sacks & Friedberg
Kamala surges, Trump at NABJ, recession fears, Middle East escalation, Ackman postpones IPO
Chamath Palihapitiya
The problem is that hedge funds have not found a very elegant way to demonstrate that they have any equity value. And there's only been a few, and the formula has been the same. So companies like Blackstone, companies like KKR, companies like Apollo, what have they proven? They've proven that they can raise enormous amounts of money.
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