Has private equity avoided the asset-price crash?
No, but everyone is enjoying the charade
Babies lacking object permanence—the understanding that things they cannot see continue to exist—love the game of peekaboo. An adult hides their face from sight, then suddenly comes back into view, prompting squeals of delight. Grown-ups no longer enjoy being deceived—unless they invest in private equity and venture capital, where hiding bad news is part of the fun.
This article appeared in the Finance & economics section of the print edition under the headline “PE-kaboo”
Finance & economics December 3rd 2022
- How the West’s price cap on Russian oil could roil energy markets
- Dubious green funds are rampant in America
- The EU’s top court has made it harder to uncover dirty money
- Why central banks are stockpiling gold
- Developing countries take tax talks to the UN
- Has private equity avoided the asset-price crash?
- A playbook from the 1980s for dealing with inflation
From the December 3rd 2022 edition
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