Cost of alternative investments not pursued as a result of deployed capital.

> Cost of alternative investments not pursued as a result of deployed capital.

Once you’re achieving 30-50% annual returns over 20-30 year horizons (PE, HFT, invite-only HF) , you stop caring about cost of capital for anything less than US$1 million.

But 10% VTI / VOO, sure, factor that 10% into your excel.