Let's forget what we have invested in. The preponderance of power law returns is not an immutable structural fate but rather a consequence of current investment methodologies and market dynamics.
With fresh eyes, we could see that investment strategies, like those favored by Swiss Family Offices focused on capital preservation and global diversification, can mitigate the impact of extreme power laws.
For example, diversifying ticket sizes and adopting more nuanced follow-up policies can manage unrealistic expectations and avoid blindly chasing the next "unicorn".
It's about managing risk, not engaging in a zero-sum game, which we would do if we hadn't already invested so much attention in the idea that they are unshakeable.