The corporate raiders of the private-equity (PE) industry have been memorably compared to invading barbarians. But the industry is more usefully described as a machine, which converts investors’ money into deals, deals into profitable divestments (or “exits”), and exits into investor returns. When running well, this contraption gathers a momentum of its own. Profitable exits generate handsome returns, which tempt investors to pump in more capital, enabling further dealmaking.
The battle of ideas is not an intellectual exercise, and the Mises Institute is not in the business of discussing...
The dispersal of domestic cats from North Africa to Europe around 2000 years ago Science Global Seaborne Trade Reaches Historic...
(Minnesota state flag) COMMENT: Marty, After reading the stories you’ve shared about people not being able to almost anything...
Germany granted itself legal permission to use AI technology to aggressively monitor the entire population in real-time. The Berlin House...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 73.16 points or 0.14% to...
For thirty years, American foreign policy has been guided by a ghost. It went by different names like primacy, unipolarity,...
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