Institutional Investment: Good Ideas – Few And Far Between

Institutional Investment: Good Ideas – Few And Far Between by Cook & Bynum Good ideas are rare.  Investors are best served by focusing on areas where they have real insights and competitive advantages, and avoiding making decisions simply for the sake of “doing something.” In the world of institutional investment, which tends to think very, very big, I’ve recently found myself extolling the virtues of small. I’ve been telling the Giants I work with to think about a set of assets that they understand deeply and to work to shrink the number of decisions they have to make, the number of relationships they have…