Comment by mattmaroon

I don’t think so. It’s not that law firms intentionally passed up on bidding a little more for women because they were as good as men but cheaper. It’s because they thought the women were simply less good.

It takes awhile for people to change their view. If you come from a society that has for thousands of years said women couldn’t do jobs like be a lawyer as well as men, it’s not crazy that it would take you 40 years to figure out that wasn’t true.

It’s not a bad foundation when it comes to something like what we’re discussing, allocation of capital by professional investors in the medical space. They’re pretty close to homo economicus, but they’re still human so they still err.