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But we saved everything 🙂.
Dave Collum provides a breakdown of investment returns, indicating that dividends averaged about 4 to 5 percent over the analyzed period. He also mentions that fees typically amounted to around 1 percent, while taxes remain challenging to accurately assess.
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Collum has previously raised concerns about structural risks in private markets. In one note, he compared the private credit and private equity sector to a capsizing event like Guam. He has also cautioned that the relationship between private equity and private credit may not be sustainable.