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 4 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
Choe: Average North American Buyout Free Cash Flow Yield Is Low Single Digits
“The average free cash flow yield of a North American buyout is in the low single digits now, and so it's no longer really Supposed to be a metric for free cash flow.”
Choe: Charlesbank has only expanded into business adjacencies twice in 30 years
“This is why in nearly 30 years of being a private equity firm, we've only done that twice.”
Choe: Harvard built direct in-house investment teams while Yale selected external managers
“So in contrast with Yale, where David Swenson pioneered the use of third-party managers to generate performance and manager selection, and then also overweighting into alternatives, Harvard decided to construct Their portfolio with in-house investors, and so t…”