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It’s so rich because private equity is the most opaque financial sector in a modern economy. Many of the people who are buying into their investment schemes are contractually obligated to keep it in them or suffer a penalty they have no idea how their money is being utilized many years now PE has not performed well
That’s why you should only bank at banks and not bank at not-a-banks.
They’re the banks banks
The Banks Banks are the Central Banks.
The Central Banks Bank is the IMF.
No, they are the not-a-bank’s not-a-banks.
But my FOMO!! 12%!
