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Tren Griffin raises questions about the stakes held by limited partners (LPs) who joined later in the existence of SALP. He asks whether all LPs have a full stake in the private investment portfolio, specifically referencing the inclusion of Anthropic.
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Griffin has previously discussed risk management, referencing Ed Thorp's advice on the Kelly criterion and cautioning that overbetting poses greater risk to long-term gains than underbetting. In separate commentary, he analyzed franchise economics, citing a $1.4 million average unit volume and $515,000 average investment for franchise models. His recent questions on SALP point to ongoing scrutiny of investment structures and returns for participants.