Venture Capital And The Mixed Blessing Of Exclusivity

As in dining, there is great variety in equity investing. Big institutional investors, like university endowment and pension funds, sometimes have their own investment staff. These are like live-in chefs. Then there are financial advisors who sell mass-market investment products on commission. They help keep the public markets liquid, and the world needs them. But to stick with the dining metaphor, they're microwaving lasagna at chain restaurants. READ MORE