We Killed Quarterly Investor Letters
“We do not do quarterly investor letters... having spent many years as an LP, they do not have time to read them all.”
Transcript
- Awesome. - Yeah. - I will say something controversial here. We do not do quarterly investor letters. And I will tell you that I have, don't do that one because there's so much support. And having spent many years as an LP and talked to many LPs at like the cocktail
of an annual meeting, traveling together, whatever it is, they do not have time to read them all. - Right, right. - And some people just love it and like they'll download it on their computer and they'll spend their whole flight reading it. But I should do like an anonymous survey,
my guess is that less than half or even smaller portion are reading it. - Right, or we're putting it now at 10 LLM, summarizing it, give me the five key points. Yeah, and you spend weeks crafting what you think is, yeah.