Welcome to a new, humbler private-equity industry
During the past decade it sometimes seemed as if anyone could be a private-equity investor. Rising valuations for portfolio companies, and cheap financing with which to buy them, boosted returns and reeled in cash at an astonishing clip. Improving the efficiency of a portfolio firm, by contrast, contributed rather less to the industry’s returns. As […]
An All-Electric-Vehicle Industry? Really? | AIER
Our country appears to be on a pathway to completely replace gas-fired cars with electric cars. “President Biden has set a goal of bringing the nation’s emissions down to net zero by 2050,” write Brad Plumer, Nadja Popovich and Blacki Migliozzi in the New York Times, citing his executive order of January 27, 2021. “Doing […]