[randcraw]

> Surely in the long run…

And that's the rub. PE is all about short term ROI at any price. Their business model doesn't take product superiority or brand loyalty into account. If a widget can be made cheaper, you do it, damn the collateral damage.

[senordevnyc]

OK, but that doesn't answer why? Why is PE about short term ROI at any price? Is it really true that the maximum long-term ROI is by doing it this way? I'm skeptical, and people's intuitions based on their observations isn't very useful.

Maybe this is like the toupee fallacy, and we only pay attention to the ones with this kind of strip mining approach, and we don't see the majority where they run the businesses to maximize ROI in the long run?

[infecto]

In reality that absolutely is part of the equation though.

[relaxing]

Maybe your equation. Not theirs.

[infecto]

You would be surprised most of PE is not the evil enterprise it is characterized as.

[NetMageSCW]

What do we think of Apollo Global Management?