Nonsense. The majority of my capitalist friends who own businesses work their asses off to build a company that reliably generates a 15-20% operating margin and then spend the rest of their career making sure nothing and nobody breaks their cash generating machine. The only people I know chasing returns far beyond the rate of inflation are VC-backed and private equity-owned businesses, where the parent firm is competing with other investment firms.
Plus VCs don't beat the market in general. A few of their companies do and the vast majority fail. Their value used to be in being less correlated with the broader market which made them a good diversified investment.
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Nonsense. The majority of my capitalist friends who own businesses work their asses off to build a company that reliably generates a 15-20% operating margin and then spend the rest of their career making sure nothing and nobody breaks their cash generating machine. The only people I know chasing returns far beyond the rate of inflation are VC-backed and private equity-owned businesses, where the parent firm is competing with other investment firms.
Plus VCs don't beat the market in general. A few of their companies do and the vast majority fail. Their value used to be in being less correlated with the broader market which made them a good diversified investment.