After 10 Years, Nathan Myhrvold's $3B of Private Equity Funds Show Big Losses
This is ridiculous:Intellectual Ventures has always maintained that “traditional accounting rules don’t accurately reflect the value of our patent portfolio.”Hate when companies not doing well try to dodge by blasting "traditional accounting rules" when these rules have been crafted over the years to accurately reflect the value of said company.Bottom line - the returns for both funds are in the negative. Can't avoid this by hoping for some 'modernist' version of accountancy that might make the fund look good.