• Josh Lerner
  • Victoria Ivashina


Patient Capital: The Challenges and Promises of Long-Term Investing. Victoria Ivashina, Josh Lerner, 2019, Book, "How to overcome barriers to the long-term investments that are essential for solving the world’s biggest problems. There has never been a greater need for long-term investments to tackle the world’s most difficult problems, such as climate change and decaying infrastructure. And it is increasingly unlikely that the public sector will be willing or able to fill this gap. If these critical needs are to be met, the major pools of long-term, patient capital—including pensions, sovereign wealth funds, university endowments, and wealthy individuals and families—will have to play a large role. In this accessible and authoritative account of long-term capital investment, two leading experts on the subject, Harvard Business School professors Victoria Ivashina and Josh Lerner, highlight the significant hurdles facing long-term investors and propose concrete ways to overcome these difficulties." Link