Let’s listen in to a series of calls from a potential deal partner to the office of the Smith and Jones Medical Group.
Tag: small
The initial notion of a hedge fund was that its investment risk was reduced through a “hedge,” an off-setting investment.
If a medical group cannot govern itself, if it is structured like a true democracy, one owner, one vote on everything, or if it has a bloated board, it will never be able to make decisions with the speed required for its continued success.
Those who are hedging view the world differently. Rather than simply building an insular hedge around their business, they expand outside of that hedge, taking on other business, in some ways both related and unrelated.
In almost every area of society, the change is away from big, away from corporate (or at least traditional corporate), toward small.