Time is short to focus solely on the nature of returns as a superior category, ignoring the levers of action that produce them.
This view that power law returns encompass everything is an oversimplification that distracts from concrete actions.
Our resources are finite; in Denmark, we must build performance through impeccable decision quality and not wait for miracles.
For example, focusing on higher ROI limits and active portfolio management is what allows us to meet our obligations to beneficiaries.
Without this, the power law distribution remains a statistical theory without practical application for prudent fund management.