The leading private equity podcast, covering alternative assets, private equity, venture capital and asset management fund investment strategy - clips from long-form podcast interviews. Full conversations at www.fund-shack.com
just forgetting the efficiense of hydrogen is max 35%, diesel engines around the same and EV 90%; wonder whats going to last and what will be a transition medie.
Gosh, why didn't I think of that? It's so obvious! I should have been a private equity guy! Oh, that's right. I'm not in the right circles and don't have the money to get there. 🙄
Private equity is the WORST thing to ever happen to healthcare. Literally just read the news, these companies are destroying healthcare systems across the country and shutting down hospitals. Steward healthcare have used scorched earth tactics in every state they have operated. Find a different industry to greedy and ruin peoples lives.
Thoughts on "transitional investing" at Blackrock? Apparently that's the game now? Also, great interview. Its nice to hear people talking about where ESG originated with the push for sustainable growth and corporate responsibility, and without the speculation, or the filling in of unknowns with absolutist philosophical nonsense.
Most people think that the problem with socialism is that people aren't perfectly altruistic, or central planners aren't smart enough, but neither of these is the real issue. The real bottleneck is data, not intelligence. Economics is the study of choice. Specifically, it's about the choice of how you allocated limited resources that have alternate uses. Do you make desks out of wood, or steel? How much water do you allocate to filling swimming pools vs growing almonds? In a socialist system, there tends to be some kind of central planning entity that makes these kinds of decisions. In capitalism, the decisions are spread out, with many individual actors making small decisions about what THEY will do, based on what effects THEM. The advantage of capitalist distribution and emergent decision making is not only that it makes far more neurons available to this decision making process. This is a big deal. It really has orders magnitude more processing power. But the real, insurmountable advantage of capitalist distributed decision making is that it brings those decisions close to the information they are based on. A socialist central planning committee is many layers removed from the guys in the forest cutting trees, and the guys smelting steel, and the guys making and selling furniture. They truly can't figure out how many desks to make out of steel, and how many of wood, no matter how smart they are. They just don't have the data. Capitalist decision makers are closest to the data that corresponds to their specialty, and they get an aggregate of other data from prices, which emerge from other people's decision making. The dudes cutting trees know everything about wood, but nothing about furniture. So they set the price of wood (based on their abilities and needs and expenses), and the guys who make furniture can work out how many wooden desks to make based on that price, because they know how many desks people buy, whether they prefer wood or steel, how much it will cost them to make each based on prices, etc. In other words, capitalist systems farm out decisions to domain experts, while socialism relies on bunch of isolated generalists. This is why socialism not only doesn't work, but can't work in any possible universe.
In some sectors Private equity plays an essential role, innovation, new tech, risk capital etc. But mostly it’s immoral: bogus financial metrics, tax dodging, cartelised, over leveraged, bootstrapping with other people’s money…paid for with other peoples livelihoods ….with no real accountability for failure.
As for financial data, it's simply illegal to fake it. Many private companies are transparent and smart. It you haven't seen many reports and are afraid to invest, consult, but please don't spread the fear. Private equity isn't going anywhere cause of your style... That simply isn't as profitable as good private investments
From my understanding all ESG is doing is allowing the state to ramp down local energt reliance on gas coal and oil by strangleholding consumer choice at the direct expense of it effect local fuel food anf farming agriculture. I can see directly where and how ESG has failed because its #1 aspect government is meant to protect are the people. And this whole situation has been managed like an opportunity to raise capital instead of provide and safeguard choice for consumers which any other government aside the standard rigged house of cards assembly types that take orders from ESG economic goals is currently providing at the expense an profiteering off of the publics loss. You round table folk have no idea how your green energt ESG bullshit is actually destroying neighbourhoods people arent homeless because of abundant energy supply an the government providing ample consumer choice..
The private equity sector has yet to gain widespread prominence as a prevalent business or career pursuit within the African context. I’m a software developer and looking at starting a digital PE, I’ll like to know if you’re gonna make an episode that addresses setting up a PE, thank you
