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Yeah, that's a good point. One way to look at private equity is that they are playing an arbitrage game between the perceived value of a brand and the actual w
by munificent 3y ago
Yeah, that's a good point.
One way to look at private equity is that they are playing an arbitrage game between the perceived value of a brand and the actual worth of the products the brand produces.
In a world where people had better access to true, recent information, perceived brand value wouldn't lag actual product value as much and there would be less opportunity to exploit the arbitrage.