My claim is that if you don’t have data showing that PE doesn’t tend to deliver on its valuations then it’s probably not justified to attack them for not updati

My claim is that if you don’t have data showing that PE doesn’t tend to deliver on its valuations then it’s probably not justified to attack them for not updating their valuations. Adjusting for market conditions may not be a good model. I don’t know this to be true, but I feel like I’m claiming the null hypothesis here. That it’s not determinable. PE held companies are not liquid and undergo significant changes.