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Private Equity’s New Phase

Harvard Business

Following the real estate metaphor, the PE company is less like a house flipper and more like a property developer: each separate home is designed, built, bought, and sold as an independent property. Though autonomous, they can improve their operating capabilities and speed up their time to reinvention by learning from each other.

Talent 70
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China's Iron Ore Inventories Post Biggest Decline in Two Years; Yuan Observation; Pro-Cyclical Stupidity

MishTalk

Iron ore inventories at ports in China fell below 100 million metric tons for the first time since February as the holdings in the world’s largest buyer dropped for a seventh week to post the longest run of declines in two years. What About Chinese Purchases of Canadian and Australian Real Estate? a tonne, down 1.9