Everywhere I look, complacency about asset prices abounds. Irrational exuberance has taken hold again. I can’t help but feel it’s 1999 all over again.
General
Are private equity managers cutting their own throats?
At yesterday’s Berkshire Hathaway annual shareholders’ meeting, Warren Buffett took another swipe at private equity fund managers. “If I were running a pension fund,” he said, “I would be very careful about what was being offered to me.” Buffett has taken shots at the private equity sector for many years, targeting the industry’s aggressive use […]
Private Equity – Why I believe 3i Group has much further to fall
If we are at or near this cycle’s peak, and multiples paid for private companies drift lower from here, I expect to see 3i’s share price take a hammering. At that point, I’ll consider owning the stock again, but I’m in no rush to do so.
Corporate Debt Bubble
The era of cheap money is over. We’re in another corporate debt bubble.
Free trade – Canada needs to put the consumer first
It is time the federal government started putting the consumer first and introduced new legislation to liberalize trade within Canada. Change won’t come from the provinces. They have too much to lose from the entrenched arrangements of the status quo.
Let’s eat Grandma
Grammar and punctuation matter.