So there will be, I am pretty confident, more and better solutions developed for these challenges as the technology matures. institutional investors that are looking for assets that are what we say-- they're not correlated to anything else.
on their investment and help millions of people get access to water. the confidence in institutional investors .
And so those are the things that I try to pay attention to in the creative process. of these large institutional investors that would participate in your IPO, you're always on the run, because you're giving presentations after presentation all day long.
Anyway somebody should figure this out. They represent institutional investors who collectively have about $87 trillion to invest.
What is private equity? Is it a savior for institutional investors that want to beat the stock market? We'll talk a little bit as indicated about private equity returns and the associated fees.
Another thing that-- I love this quote-- another thing that successful active managers don't pay And these were surveys of institutional investors , and they did them once a year because they had a big gathering in New York City.
And ITN News ran the headline that evening, governor loses his way. So what I find quite astonishing is that there are big institutional investors , like pension funds, who have decided to put money
So you've got a lot more bankruptcies. Now, the other group would be institutional investors that listen to their consultants a lot.
And that means assets appreciate in value. The private nature of them for pension plans, institutional investors , allows the volatility to be low. So they're not looking at the stock market return in their portfolio going up and down every day.
And this was 1992-- as I you already said, the first internet company to go public-- and there was considerable concern among our board and our venture investors that the public market, institutional investors probably would be pretty skeptical about the idea of the internet, and so it would be hard to have a successful IPO.
What we've been able to do is now have raised and have $200 million in committed capital that is coming from investors-- corporate investors, high net worth individuals, institutional Investors , Bank of America type of investors-- that we now have that's providing a financial return to them, a competitive financial return.
I'll describe private equity for a minute. So the way a private equity fund works is, you have a number of large institutional investors -- 10 or 15, sometimes 20-- putting in tens of millions, sometimes hundreds of millions of dollars into a fund.
and therefore we've been ignoring about 80%, or maybe even 90%, of the potential benefits of antitrust. Those two areas are that, first of all, institutional investors like Vanguard, State Street, BlackRock, et cetera, now control about a third of the total corporate economy, and are the four or five largest shareholders of almost every major corporation straight across industries,
It certainly drives the value of The Container Store. Much to my happiness, I discovered that most of the institutional investors on Wall Street accept the notion that the culture drives the value of the business.
dangerous. Obviously, with perfect hindsight, yes you should have timed the market. You can't do it. Don't do it. You're more likely to do it wrong than right. And incidentally, this is true not only of individuals but for institutional investors . I have looked at the cash positions of active managers, whether they're pension funds or mutual funds, institutional investors have more cash at the bottom and the least amount
And you don't want everything in the United States. What we know about investing is that people have a home country bias, they have much too much of their money in their home country. For example, in France institutional, France is 3% of the world's GDP. Institutional investors in France have 97% of their holdings in French securities. That's what we call the home country bias.
We have to get this right if we are to compete and not just survive, but thrive in the 21st century. But at the same time, I think it's really important for people to understand that the demand from society, from regulators, from other stakeholders, institutional investors , that corporations and the boards that serve them change their role and become much more engaged in social issues
And it's kind of beginning to happen like that. Skepticism is vanishing. Much to my delight and surprise, when we did our IPO roadshow, the largest institutional investors on Wall Street, all they really wanted to talk about was conscious capitalism and the quirky, yummy culture of The Container Store.
And incidentally, this is true not only of individuals but for institutional investors . I have looked at the cash positions of active managers, whether they're pension funds or mutual funds, institutional investors have more cash at the bottom and the least amount of cash at the top. Nobody can do it; neither amateur nor professional.