Matt Levine, Columnist

Private Markets Are Slower Than Public Ones

Also mutual fund diversification and Sorrento and Scilex.

July 27, 2023 at 4:57 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Going fast.
Photographer: Michael Nagle/Bloomberg

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A general rule in investing is that if you can invest in two things that are not very correlated with each other, that will improve your overall performance. You can take more risk if the risks are not correlated; a portfolio of separate bets is worth more than a big bet on one thing.