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.
FROM THE DEPARTMENT OF: IS MUSK A LIAR OR A FOOL OR BOTH? PART 99. And if there’s a sucker...
Greetings gentle readers and welcome to another installment of the Sunday Morning Movie. Today it’s a tale of nostalgic romance,...
The primary driver of the rupee’s recent movement has been the conflict between the US-Israel alliance and Iran. India has...
How to safeguard the human person in the time of artificial intelligence? It is hardly a surprise that Pope Leo...
On this episode of Minor Issues, Mark Thornton opens with a review of John Mearsheimer’s Why Do Politicians Lie?, focusing...
Ancient DNA shared with Neanderthals may explain human language Science Daily (Kevin W) A Popular Doctor Had Long Warned That...
The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.
-1024x683.jpg "Florida Roads Become a Battleground for Illegal Immigration")
-1024x683.jpg "From the Back Forty: Trump Celebrates a Birthday as TDS Rages")
