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0 sats \ 3 replies \ @Bell_curve 2 Feb \ parent \ on: On relative earliness bitcoin

I still don’t understand private equity

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9 sats \ 2 replies \ @k00b 2 Feb

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 2 Feb

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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21 sats \ 0 replies \ @Bell_curve 2 Feb

Buying a house with 20 percent collateral is a leveraged buyout

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