Why talking about returns without a timeline attached means nothing “There is a rule in our office that you are not allowed to talk about returns without also talking about time. It is very common on the private side to say you are up 2X, 3X, 5X, whatever. That tells you nothing. If you are up 5X over 30 years, that is horrible. If you are up 5X in five months, that is amazing.” @CIO_Baylor