I remember heated discussions with classmates, when I was at high school, over the supposed superiority of the Maxwell XLII-S or the TDK SA-X cassette tape over the TDK SA or the Sony UX-S.
The private equity industry has received quite a bit of bad press over the past few months. Yet few people seem to understand how private equity actually works.
In the wake of the subprime crisis a lot is being said and written by people who understand nothing of finance and by people who should know better. I thought I’d add some of my own points of view.