Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its VC fund

Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by pc86 on Tuesday May 10, 2022 @10:33PM (#31335226)

I think they're point out that when you're making millions of dollars a year you have an incentive to get a little reckless to try to eek out better and better returns. Sure you want to keep the gravy train moving, but if you're worth $50 million, and you the have the choice between playing it safe for $2 million, or rolling the dice and maybe making another $50... you're probably not going to be dissuaded because it's a pension fund's money.

You've already got yours so what's the worst that can happen?

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by cmeacham98 on Tuesday May 10, 2022 @10:37PM (#31335264)

Do you have actual reason to believe Tiger Global did this, or this all baseless speculation?

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by kolbe on Tuesday May 10, 2022 @10:59PM (#31335383)

“Show me the incentive and I will show you the outcome.”

— Charlie Munger

He has evidence of excessive risk taking (Tiger Global's returns), and an incentive structure that makes it logical for them to behave this way. That alone isn't "baseless." Also, it's Tiger Global, not Tiger Direct.

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by cmeacham98 on Tuesday May 10, 2022 @11:05PM (#31335418)

> He has evidence of excessive risk taking (Tiger Global's returns)

Loss does not prove excessive risk, even excessive loss. There is always a risk of loss in any investment.

Whether this was 99% going to happen, or Tiger Direct was very safe and this is a 1/10000 case of bad luck cannot be determined by looking at the amount lost.

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by robocat on Tuesday May 10, 2022 @11:40PM (#31335610)

> He has evidence of excessive risk taking (Tiger Global's returns), and an incentive structure

How are Tiger Global’s incentives different from any other VC? Even the majority of hedge funds have a 2+20 structure with similar incentives.

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by your_username on Tuesday May 10, 2022 @10:53PM (#31335355)

Tiger Direct is a retailer. I think you mean Tiger Global Management.

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by cmeacham98 on Tuesday May 10, 2022 @11:06PM (#31335423)

I did, my bad. A lot of your comments are marked dead (I vouched for this one), you might be shadowbanned.

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