> investing based on access to privileged opportunities
I feel you really taking a bias stance here without understanding the mechanics. Yes privilege exists, the same as you friend might tell you a job is opening before its open knowledge. But deals will be shopped about. The big difference is many deals cant reasonably go to the public market. Costs for listing regulations would be significant and unnecessary. Consider, you need to be called as a 'sophisticated' investor even to trade options. This is to protect the public from unscrupulous pyramid schemes and business that carries high knowledge levels to understand what your buying into. It's as much about protecting the public keeping some deals away from open markets as being 'privileged'.
> Obviously, we may never hear of their failures
If your around this industry you hear plenty of both sides. Bigger ones go to public news like Madoff.
I feel you really taking a bias stance here without understanding the mechanics. Yes privilege exists, the same as you friend might tell you a job is opening before its open knowledge. But deals will be shopped about. The big difference is many deals cant reasonably go to the public market. Costs for listing regulations would be significant and unnecessary. Consider, you need to be called as a 'sophisticated' investor even to trade options. This is to protect the public from unscrupulous pyramid schemes and business that carries high knowledge levels to understand what your buying into. It's as much about protecting the public keeping some deals away from open markets as being 'privileged'.
> Obviously, we may never hear of their failures If your around this industry you hear plenty of both sides. Bigger ones go to public news like Madoff.