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> some institutional sucker will buy the company What sort of institutions would try to take on operating such a business? And when does word get around, and
by everybodyknows 5mo ago
> some institutional sucker will buy the company
What sort of institutions would try to take on operating such a business? And when does word get around, and the pool of suckers dry up?
- lmm 5mo ago> What sort of institutions would try to take on operating such a business? Essentially anyone - other PE funds, competitors merging, the general stock market if you take it public. And they're not wrong want to buy it - there's a valuable business there - they're just bad at assessing the right price. > And when does word get around, and the pool of suckers dry up? One born every minute. And it's hard to even notice you're being taken for a ride as opposed to mismanaging the business you bought or just being unlucky.