Yes, the Lindy Effect is a valuable heuristic. But private equity firms love to buy a company with a sterling reputation, then run it into the ground while milk

Yes, the Lindy Effect is a valuable heuristic. But private equity firms love to buy a company with a sterling reputation, then run it into the ground while milking it for profits and saddling it with debts that will never be repaid, so you need to watch out for changes in ownership or management like a hawk.