Spitz: Private Equity Is the Ultimate Form of Capitalism
Bill Spitz · Bill Spitz – Seasoned Commodore (Capital Allocators, EP.37) · Jan 22, 2018 · at 17:43
Bill Spitz, former CIO of Vanderbilt University, endorses David Swensen's view on private equity's governance advantages over public markets.
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“Dave Swenson has said, and I agree with him, that the ultimate form of capitalism is private equity, and I really agree with that, because, you know, you have a long time horizon, you're not beholden to quarterly numbers, and you can do the right thing, and there are lots of levers you can pull.”
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