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Podcast: A Long Time In Finance
Episode: Barbarians at the Gate: A Short History of Private Equity
Description: From a few tiny funds in the 1970s, private equity has transformed the financial world and is now a $7 trillion industry, accounting for 30% of the US private sector economy. But how did it all happen, why have pension funds poured so much into these funds, and how do the practitioners get away with paying themselves such eye watering fees? We talk to buyout expert Peter Morris about this strange modern act of financial alchemy.The show is made in partnership with The Library of Mistakes who are offering a 25% discount on their Practical History of Financial M...