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| I have a sister who is a very opinionated, all in liberal. 20 years of city life brings perspective she says. She is a great person, but we obviously avoid politics as much as possible.
She once went on and on about how awful private equity is. One day I took the bait and asked her who was the bag holder? Apparently that part was left out of the talking points from whatever media was getting her all fired up.
Risk / reward in everything. I actually still to this day don't fully understand he big rub with leveraged buyout. If LPs lose money, it just doesn't seem to be a big deal to me I guess. They are supposed to be sophisticated enough to know what they are getting into with the GPs. | |
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And another thing.. Trumps tax cuts 49% benefit the top 5% of earners
