Thanks James. I particularly liked the point Nuttall made about the distaste the market has for complexity and illquidity, I've observed this as well recently.
Hi Tomas, I agree and it makes a lot of sense. I guess the issue for individuals is having the capacity / resources to conduct sufficient research that enables you to figure out the winners from the duds. Much easier done when you're running a firm like KKR. Glad you enjoyed it