2min chapter

The Compound and Friends cover image

The Bet

The Compound and Friends

CHAPTER

The Importance of Private Equity in the Global Financial Crisis

Hedge funds with stars coming out of the Dachom bus have been replaced by private equity. "I would take seven, seven and a half percent if I don't have to have any volatility," one investor said. The Bogleheads forum would explode listening to that shit.

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