Hard and Soft Power

Thomas Meyer
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Thomas Meyer: LDS Partners

Chapter Chapter 21 in Private Equity Unchained, 2014, pp 225-234 from Palgrave Macmillan

Abstract: Abstract Management of uncertainty is central to strategy, with a struggle for freedom of action at its essence.1 Success is inconceivable without the ability to tolerate uncertainty from the outset and during the implementation. It is a dictum not to invest in things one does not understand. On the other hand, no institution can bring all necessary expertise together to explore the private equity market and exploit identified opportunities. Instead, investment decisions need to be delegated to those best qualified to make them — an approach also embodied in the prudent investor rule.2

Keywords: Institutional Investor; Hedge Fund; Private Equity; Fund Manager; Portfolio Company (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-28682-6_21

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DOI: 10.1057/9781137286826_21

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