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0 sats \ 3 replies \ @Bell_curve 4h \ parent \ on: On relative earliness bitcoin
I still don’t understand private equity
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9 sats \ 2 replies \ @k00b 4h
They’re like house flippers but do it with businesses. That’s the closest thing I can think of. Not a coincidence that PE also thrived hard under ZIRP.
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18 sats \ 0 replies \ @Bell_curve 4h
That’s a very good analogy
They buy a business with zero interest financing
Then make renovations
Then sell within 5 years for 5x
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0 sats \ 0 replies \ @Bell_curve 4h
Buying a house with 20 percent collateral is a leveraged buyout
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