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Coco McShevitz's avatar

Now do the web of Democratic-affiliated NGOs funded by the government and backers like Reid Hoffman, Laurene Powell Jobs etc. Also green energy companies (Solyndra anyone?). Patronage for the backers of the victor is a universal phenomenon across parties and eras, not sure why under Trump it’s a kleptocracy but under Obama or Biden it’s A-OK.

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Scott Lichtenstein's avatar

Very insightful research, thank you. Yes, there is an increasing ‘insider capitalism’ and most of us are on the outside. Coupled with the ‘broligarchy’ -tech bro billionaire cabal - it does fell like the last stage of empire collapse, the age of decadence. Good riddance…

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George Aliferis, CAIA's avatar

A curious ad, with debatable assumptions "Private Equity has outperformed global stock markets over the past 25 years"

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Gunnar Miller's avatar

"It's a big club, and you ain't in it!" https://youtu.be/cKUaqFzZLxU

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GD's avatar

Disheartening. The mighty dollar rules more than ever.

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Francesco's avatar

Wall Street opens the doors of PE to retailers and that's actually a bad thing, isn't it? "We have been beating the market for 25 years, come and invest with us (i.e. we need more money to fund it or everything blows up). 2008 was made up of CDOs, what about a great PE ETF today?

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