The Challenges of Private Equity in the Standard Format

There are a couple of challenges for private equity in the default format. By and large, they have a business structure required by their customers that says they can only hold for about five years. You've got this time horizon problem that prioritizes short-term decisions. The second one is just the background. If you grew your knowledge base as a leader of people and a decider of business matters but only as an observer, you will make sense of the world in a different way than someone who's done it.