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Private Equity
In private equity, where the goal is to buy lots of little companies at low multiples pullto put them together into a larger corporation and selldem on exit. The whole thing is premised on the ability to expand the an we just, we're always extremely sceptical of that. And so it's very common in private equity to see what you're talking about, which is very high degrees of leverage relative to the predictability of the revenue stream. I think i cant o wa our saing.