Gut Capital

I find myself, after a break of a few years, running around the northern end of Sydney’s CBD, chatting to types that insert themselves between sources of capital and users of capital.

Indeed it’s a rare skill that they possess, the ones that possess it. The trouble is, the ones that don’t are almost undetectable from the ones that do.

I guess that there’s a very fine line between being a cargo cult and a facsimile of a cargo cult; both can work out, or not. 

You will understand this when you realise that their primary skill is having the trust of those with capital.

Such trust should be based on logic and experience, but this assumes that the possessors of capital acquired it, the capital, through the application of logic and experience. 

Which is rarely true and just about impossible to establish. 

Subsequently most seekers of capital, whether they know it or not, end up reverting to their gut, further exacerbating the general problem.