The corporate raiders of the private-equity (PE) industry have been memorably compared to invading barbarians. But the industry is more usefully described as a machine, which converts investors’ money into deals, deals into profitable divestments (or “exits”), and exits into investor returns. When running well, this contraption gathers a momentum of its own. Profitable exits generate handsome returns, which tempt investors to pump in more capital, enabling further dealmaking.
U.S. Treasury Secretary Scott Bessent arrives to meet Spain's Foreign Minister Jose Manuel Albares, to continue discussions on trade, economic...
0:37Intro. Russ Roberts: Today is July 24th, and my guest is engineer and writer Brian Potter of the Institute for...
Yves here. In Friday’s Links, reader Michaelmas made some important observations about the US nuclear fuel model, which does only...
I have been getting a ton of emails asking if this assassination of Charlie Kirk is what the computer has...
After spending ten posts (beginning here) outlining Musa al-Gharbi’s arguments in his book We Have Never Been Woke, it’s time...
Breathtaking cycling featspic.twitter.com/3YL1zyvvXG — Massimo (@Rainmaker1973) September 5, 2025 Neoliberalism Comes for the Warfare State Compact Against Re-Enchantment Plough A...
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