My understanding is that historically private valuations were cheaper than public ones. Thus, you could build (roll up) a company with cheaper private multiples and then sell it at richer public ones. You got growth + multiple expansion.
@verdadcap , any thoughts?
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Absolutely true prior to 2006. But now private valuations tend to be significantly higher than public ones.
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We're pretty bullish on the private opportunities like those
@BrentBeshore and his team at@adventur_es are investing in--what are your thoughts Michael? (We're investors in two of his funds)Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Won't private markets suffer the same paradox of skill that public markets have faced? No idea how to judge the magnitude of change in future returns but more capital generally means smaller expected future returns
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Indeed. A good talk to include great thoughts from Victoria Ivashinapic.twitter.com/9RDZagkRul
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Everyone??? Not me.
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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