> Don’t hate the strategy of buying a business with debt, hate the players that execute it like assholes. The purpose of a system is what it does. Players take

> Don’t hate the strategy of buying a business with debt, hate the players that execute it like assholes. The purpose of a system is what it does. Players take whatever they can get away with, in this case a good old mafia bust-out, but laundered legal. In the shadowy world of PE, there’s even less transparency and accountability than the usual near-zero amount. I mean, you could just wait for the mob justice of a fully fledged revolution to do its magic but I think most of us would prefer toothful regulation.