The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Marks: Private equity funds hold roughly $3T in unsold portfolio companies
“And by the way, the private equity funds, I think they're sitting on about three trillion dollars worth of companies that they have to sell. To pay off the investors.”
Marks: Nifty 50 Equities Lost 95% Over Five Years After September 1969
“If you held the stocks for five years from the day I got there, you lost about 95% of your money in great companies.”
Marks: PE amassed $2.5T in dry powder and most remains uninvested
“The money gushed into private equity, and they got up to two and a half trillion or so of what we call dry powder, money waiting to get invested, and I think most of that is still dry, if I'm not mistaken.”
Marks: Private credit grew over 6x to $1.5T since 2007
“The banks were chastened, lost some of their capital, were more tightly regulated, We're discouraged from risk taking, and that led in 2011 or 12 to the creation of the private credit market, which is now over a trillion and a half. In oh seven, I think it was…”