The Private Equity Deception
Private equity firms are a risky place to invest and their reported returns can be misleading.
Brad DeLong posted these very interesting excerpts from Ron Suskind's new book Confidence Men on his blog:
Maybe this is part of the "women problem" Maureen Dowd mentions in her recent column. But I thought that column was pretty fluffy, battle-of-the-sexes stuff, whereas this Suskind passage is great. Who would have thought that lightbulb would go off in Larry's head?
--Chris Sturr