A Quote by Sebastian Pinera
We've got to move beyond the idea that the public and private sectors are at odds. Government has to lay the groundwork for private equity to productively invest in things like education. It's a partnership, not a battle.
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There is no easy fix or youth unemployment. Partnership between the public and private sectors can make a big difference.
We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.
One of the things about the modern world is that the public and the private - which is not the same as the public and the personal - but the public and the private... it's very, very much harder than it used to be to have things that are private and things that are public.
Who uses funds more productively - private citizens or the government? I dare say that Warren Buffett can use his surplus funds more effectively in private business and creating jobs than the government can.
In a community where public services have failed to keep abreast of private consumption things are very different. Here, in an atmosphere of private opulence and public squalor, the private goods have full sway.
Now we live in a time where the public and the private are completely fused and there isn't such a great distinction. We know our private lives are constantly made public. With Facebook and Twitter there isn't such a desire, it feels, to keep things private.
I started a private equity fund and we invest in energy, mining, agriculture kind of things in Africa.
Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
The private equity world is a relatively small one. There are currently probably a few thousand professional jobs worldwide. In private equity, that's probably about all there is. So in the scheme of things, the firms are all relatively small.
Land surveyors start as employees, and move up to partnership in a firm or to ownership of their own enterprise if they wish. Some wind up working for government, private corporations, or public enterprise.
Private opinion creates public opinion. Public opinion overflows eventually into national behavior as things are arranged at present, can make or mar the world. That is why private opinion, and private behavior, and private conversation are so terrifyingly important.
Many people think that the U.S. is ahead in the frontier technology sectors as a result of private sector entrepreneurship. It's not. The U.S. federal government created all these sectors.
In World War II, the government went to the private sector. The government asked the private sector for help in doing things that the government could not do. The private sector complied. That is what I am suggesting.
In the end, it is because the media are driven by the power and wealth of private individuals that they turn private lives into public spectacles. If every private life is now potentially public property, it is because private property has undermined public responsibility.
Private equity firms aren't necessarily evil by definition. There are many stories of successful turnarounds fueled by private equity, often involving multiple floundering businesses that are rolled into a single entity, eliminating duplicative overhead.
Sending our kids in my family to private school was a big, big, big deal. And it was a giant family discussion. But it was a circular conversation, really, because ultimately we don't have a choice. I mean, I pay for a private education and I'm trying to get the one that most matches the public education that I had, but that kind of progressive education no longer exists in the public system. It's unfair.
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