Great thread about private equity and retail.https://twitter.com/EileenAppelbaum/status/1119307516792512512 …
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I am not a big fan of private equity but I'd say on balance this goes a bit far. For example, after management fees it is pensioners who are, theoretically, reaping the benefits of these investments. As Einstein said, as simple as possible, but no simpler:
What do you think the rate of SBA loan default on Amazon businesses is haha
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Speer? Older than 3 years is a good point.
End of conversation
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