Somewhat interesting perspective on PE in this Bloomberg podcast, which does a reasonable job of explaining why ~23:30 1. PE has had an easy run - rising inter

Somewhat interesting perspective on PE in this Bloomberg podcast, which does a reasonable job of explaining why ~23:30 1. PE has had an easy run - rising interest rates and rising value of equity 2. Guest finds shocking - Given 1, PE returns net of fees and adjusted for leverage have become very pedestrian relative to S&P500. If the IPO market slows due to interest rates, then this may trap PE institutional investors. https://omny.fm/shows/odd-lots/jim-chanos-on-why-some-of-the-worst-hit-parts-of-t https://omny.fm/shows/odd-lots/jim-chanos-on-why-some-of-the...