And one of the primary reasons they never had to make a profit was that, so long as interest rates were functionally zero, it didn’t really cost the investor class much anything to park money in a money losing operation while waiting for it to become sellable.
With interest rates back to pre-2008 levels, though, there’s a price to money again. A and a real opportunity cost. So, compete with bonds or watch your investors walk.
And one of the primary reasons they never had to make a profit was that, so long as interest rates were functionally zero, it didn’t really cost the investor class much anything to park money in a money losing operation while waiting for it to become sellable.
With interest rates back to pre-2008 levels, though, there’s a price to money again. A and a real opportunity cost. So, compete with bonds or watch your investors walk.