Patient Capital
by Victoria Ivashina | May 21, 2019 | Politics & Social Sciences
There has never been a greater need for long-term investments to tackle the world’s most difficult problems, such as climate change and decaying infrastructure. And it is increasingly unlikely that the public sector will be willing or able to fill this gap. If these critical needs are to be met, the major pools of long-term, patient capital―including pensions, sovereign wealth funds, university endowments, and ...
There has never been a greater need for long-term investments to tackle the world’s most difficult problems, such as climate change and decaying infrastructure. And it is increasingly unlikely that the public sector will be willing or able to fill this gap. If these critical needs are to be met, the major pools of long-term, patient capital―including pensions, sovereign wealth funds, university endowments, and wealthy individuals and families―will have to play a large role. In this accessible and authoritative account of long-term capital investment, two leading experts on the subject, Harvard Business School professors Victoria Ivashina and Josh Lerner, highlight the significant hurdles facing long-term investors and propose concrete ways to overcome these difficulties.
Presenting the best evidence in an engaging way by using memorable stories and examples, Patient Capital describes how large investors increasingly want and need long-run investments that have the potential to deliver greater returns than those in the public markets. Yet success in such investments has been the exception. Performance has suffered from both the limitations of investors and the internal structure of their fund managers, often resulting in the wrong incentives and a lack of long-term planning.
Yet the challenges facing long-term investors can be surmounted and the rewards are potentially large, both for investors and society as a whole. Patient Capital shows how to make long-term investment work better for everyone.
More details for Patient Capital
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ISBN #
0691186731
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Page count
264 pages
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Publication Date
May 21, 2019
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Publisher
Princeton University Press
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Category
Non-Fiction
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Genre
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Amazon Star Rating
4.4
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Amazon Ratings Count
13 ratings
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Amazon Last Rating Data Date
September 4, 2021
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