One Young Harvard Grad’s Quixotic Quest to Disrupt Private Equity

Discussion in 'Wall St. News' started by truetype, Apr 26, 2018.

  1. truetype

    truetype

    One Young Harvard Grad’s Quixotic Quest to Disrupt Private Equity

    Armed with his own empirical research, plus copious studies and data, Rasmussen points out that private-equity returns are trailing public indexes of late. Their results are far more volatile than big investors believe, or the industry itself claims. And, he argues, the ability of firms like KKR & Co., Carlyle Group, and Blackstone Group to overhaul and improve efficiencies at the companies they buy — taken as an article of faith — is largely illusory.

    “This is, after all, the leveraged-buyout industry, and not the operational wizard-genius industry,” he says.

    Rasmussen, 31, worked at Bain Capital, the elite private-equity firm, for four years. Now he warns that the industry is overpaying for companies. “Public equity is a much better exposure,” he says.
     
    Maverick1 and 312 like this.
  2. Overnight

    Overnight

    I have learned a thing or two in my time, like Mr. private-equity Harvard dude...

    When your own money is on the line, you make sense. When you are being paid 6-7 figures by some bull-roar to spout the flavor of the day, your opine means shit.

    A "young Harvard grad"? Seriously? The hell does "Harvard" have to do with anything...? Oi!!!
     
  3. 312

    312

    II's editor felt compelled to clarify that he did not, in fact, go to Yale in spite of that outfit
     
  4. truetype

    truetype

     
  5. truetype

    truetype

  6. ^^This.
     
    312 likes this.
  7. 312

    312

    ...unless they do roll-ups