Topic 21
Alternative investments: everything else, and what it costs
A category defined by exclusion, taken apart fee- and risk-forward — where the returns come from, and what consumes them.
- 1"Alternatives": A Word That Describes Nothing in Common11 min read
- 2Fees, Lock-Ups, and Why the Reported Returns Are Not Comparable13 min read
- 3Private Equity: What the Firms Do, and Where the Returns Actually Come From12 min read
- 4Leveraged Buyouts: Where the Amplification Comes From12 min read
- 5Private Credit: Why the Yield Is Higher, and What Is Paying For It12 min read
- 6Distressed Investing: Buying Claims Rather Than Companies11 min read
- 7Venture Capital: A Business Model Built on Failure12 min read
- 8Angel Investing: The Same Distribution, on a Sample Too Small to Contain It12 min read
- 9Crowdfunded Investments: Access Without the Arithmetic12 min read
- 10Hedge-Fund Strategies: What They Attempt, and What the Fees Require12 min read
- 11Structured Products: You Are Lending to a Bank13 min read
- 12Peer-to-Peer Lending: An Unsecured Loan Book, Held Directly12 min read
- 13Collectibles: Where the Index Comes From Things That Sold11 min read
How this topic connects
No hand-offs recorded yet — this topic stands on its own for now.