How would you test this claim relative to alternative hypotheses such as:
1. Investors choosing poorly
2. Investors not managing relationships well after they invest.
Maybe we can open up the discussion to involve the other design decisions that go into how funders structure deals and involvement.
Two vaguely confirming data sources:
- Other investment assets have seen higher inflation rates in the US in the last decade
- Buffet et al are holding cash, ostensibly for lack of qualified opportunities
But it would be interesting to compare with China, Europe, LatAm...