It would be easy to cast UniSuper chief investment officer John Pearce in the role of a timid fuddy-duddy for his decision to steer clear of Australia’s hottest and most valuable start-up Firmus Technologies. But that would be unfair.Discretion can be the better part of valour when it comes to the retirement savings of hundreds of thousands of Australians, and it is a brave investor who admits that they don’t see why everyone is going nuts for an unproven company.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles