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There was a recent Economist article that said that 6% of the performance in PE is driven by earnings growth. It’s a Ponzi scheme built on debt because PE has s
by engineeringwoke 4y ago
There was a recent Economist article that said that 6% of the performance in PE is driven by earnings growth. It’s a Ponzi scheme built on debt because PE has so much money that they just trade around companies at higher multiples. Lol imagine believing in synergies, or that the trash you guys make is somewhat legitimate at all. Cutting shit to the bone and sending it to the next guy isn’t good business.
Enjoy the money and the carried interest loophole while it lasts. Community Health Systems? Dex Media? I’m not one of the fools that will buy it. Maybe it helps you sleep at night or whatever but if rates continue to spike, all the trash adjusted EBITDA nonsense will all die and you guys will lose your shirts.