It’s pretty relevant to how “the ultra rich keep getting disproportionately richer”.

For the longest time, a lot of the big “smart money” crowd thought that SAC was about as good as it gets. That kind of attitude continues in ways around Citadel/Griffin. The idea that they are in a position to provide consistent 40+% returns annually over even 40 years is wishful thinking.

Even deeper pockets than most all UHNWIs — for example, the Norwegian and Emirati wealth funds — haven’t bought into these myths of being able to pull this kind of stuff off over the long-term. Maybe some would say they have a kind of labor issue that happen with tech recruitment/retention too, but then where goes some of that argument about UHNWIs being able to get access to “the best investment vehicles” because of the wealth?