A Quote by Matt Taibbi

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.

Matt Taibbi

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Businesses Definition Eliminating Entity Equity Evil Floundering Fueled Involving Many Multiple Necessarily Often Overhead Private Private Equity Single Stories Successful

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Matt Taibbi
American - Author
Born: March 2, 1970

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.

Stephen Pagliuca

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.

David Bonderman

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.

Nassim Nicholas Taleb

I've probably done more venture capital deals and expansion financings than I have done private equity deals. But both are the same. Private equity companies have also built jobs.

Stephen Pagliuca

When I was a CEO, I thought I understood private equity. I didn't. And what I've learned since my retirement, and since becoming directly involved in the world of private equity, points the way to a new career path for thousands of talented senior executives - and a new engine for value creation.

Ron Williams

Being a good private equity investor is more complicated than it seems. I would say that there are a few characteristics that are important. If you look at the skill set that you need to ultimately be a successful private equity investor, at least at the senior level, you have to be, in this business, a good investor. You have to be able to help companies perform and you have to have judgment around exiting investments. If you look at the skill sets there, they include some things you can teach and some that you can't.

David Bonderman

If private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.

James Surowiecki

Not all private equity people are evil. Only some.

Paul Krugman

Our economy is a plantation run for the aristocrats - the CEOs, hedge funds, private equity firms - while the field hands are left with the scraps.

Bill Moyers

Private equity does pay very well, and my counterparts, guys that I grew up with who are still working at a number of firms, all make a lot of money.

Gerry Schwartz

Nobody in my generation ever started out in private equity. We got there by accident. There was no private equity business - actually, the word didn't even exist - when I started. I got there out of the purest of happenstance and so I think many people find what they really enjoy doing just in that way. So another piece of advice for you is: don't worry too much about what you're going to be doing when you get out of business school - life will come your way.

David Bonderman

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.

Sebastian Pinera

Private equity firms working closely with venture capitalists and technologists may be able to unlock assets that others have not leveraged and build technology cultures to iterate on solutions that make these assets more productive.

Joe Lonsdale

If you have money draining out of the public equity markets, that inevitably affects the private equity market. They cannot exist going in different directions because somehow that will rent the fabric of the universe. It's just not permitted that that happens. Obviously there can be anomalies for brief periods of time but it just can't happen forever.

Kevin Kinsella

I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners.

Wilbur Ross

I myself am a private equity investor.

Rakesh Jhunjhunwala

A Quote by Matt Taibbi

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