For a brief moment, as record after record was smashed, it seemed that private equity buyout prices were destined to keep rising.Abigail Townsend gives the details at the UK Telegraph.
As the last few weeks have demonstrated, it was a falsehood – and a grossly expensive one at that.
After the boom period saw private equity firms compete among themselves to buy ever bigger companies for even bigger sums, the value of those investments is now tumbling.
Widows Mite
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I get upset when I hear preachers using the example of the Widow’s Mite
when attempting to raise funds for their ministry or church building
programme. I...
2 weeks ago
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