The High Returns with High Volatility Game

  1. It depends on the game you are playing
  2. It depends on whether you are actually set up to play that game
  3. There are some people in the market playing a very different game, where the ability to be down 50% in something and survive, or even grow stronger, confers a huge competitive advantage

What game are you playing?

Are you really set up to play that game?

Are your LPs playing that exact game? Are they set up to play that game?

How can you identify LPs who are really able to play the high returns with high volatility game?




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Joel Cohen

Joel Cohen


10+ years on the Global Investment Staff at MITIMCo, helping invest MIT’s endowment in exceptional investment firms around the world.