Listen, genius, let me paint you a Harvard-level picture: You're the hotshot at a big-shot PE firm, right? Industrials, heavy hitters, the works. You swagger in, thinking you'll roll up the space, easy play. But oh, here's the twist – you levered up to your eyeballs, and bam, rates climb. Classic rookie move. Now picture this: You're staring down the barrel of a 35 million EBITDA while juggling a 36 million debt service. Every tick of the clock, every ding of an email, it's like a sledgehammer to your chest. You thought you were playing Monopoly, but you landed on real-life Boardwalk with no hotels in sight, my friend. Your days? A Greek tragedy of IC updates. That’s your life now, a Sisyphean loop of spreadsheets and conference calls while the debt vultures circle overhead. You thought you were the next Sam Zell, but you're just another Icarus, flew too close to the sun on wings of hubris and debt. So, let me buy you a drink, 'cause God knows you need it. Not to celebrate, no. But to wipe away the tears when you book a bagel for the first time and decide to skip your next @HarvardHBS reunion
@privateinequity But with the carry model you only need one successful circus to be rich, the failure of the second does not reverse the success of the first. Happy rich clowns, if a little wiser and chastened
@privateinequity “Book a bagel”. Damn, that’s a classic.
@privateinequity Every Monopoly player worth their salt knows if you landed on Boardwalk without a hotel, that’s a relief! If it had a hotel on it, you’d be screwed. Did you even play Monopoly?! lol 😝