Having read https://www.goodreads.com/book/show/59056157-the-price-of-time, I think the overabundance of capital in private equity is a symptom of easy money for a long period. Just wait till we have discount rates and bonds yielding at least high single digits for awhile and nobody can get out of their gated private equity for decades and you'll see a lot more smaller listings again. Also the low number of stocks reflects weak antimerger enforcement for a long time
I'd never heard of John Malone before listening to Senra's Podcast on him, which pushed me to read Cable Cowboys. I look forward to reading his new autobiography.
It is interesting that the number of IPOs have decreased. It is even more interesting that the Trump administration is intent on allowing individuals to invest in private companies with their retirement plans. That is unlikely to push more IPOs as companies will have even more access to "venture" capital...
There's a couple really good long-form Malone videos on Youtube that I remember liking a while ago.. There's one where he speaks to a college class that is great
Having read https://www.goodreads.com/book/show/59056157-the-price-of-time, I think the overabundance of capital in private equity is a symptom of easy money for a long period. Just wait till we have discount rates and bonds yielding at least high single digits for awhile and nobody can get out of their gated private equity for decades and you'll see a lot more smaller listings again. Also the low number of stocks reflects weak antimerger enforcement for a long time
I'd never heard of John Malone before listening to Senra's Podcast on him, which pushed me to read Cable Cowboys. I look forward to reading his new autobiography.
It is interesting that the number of IPOs have decreased. It is even more interesting that the Trump administration is intent on allowing individuals to invest in private companies with their retirement plans. That is unlikely to push more IPOs as companies will have even more access to "venture" capital...
There's a couple really good long-form Malone videos on Youtube that I remember liking a while ago.. There's one where he speaks to a college class that is great
no era of fraud ends w/out enough people of influence getting hurt.
but take heart, despite retrospective regulations, each era has more&more non-imprisoned fraud beneficiaries.
this golden age of grift should set all kinds of records, starting with the trump crime family.