The Myth of Private Equity - Jeffrey C. Hooke

[Munger_Disciple]

I highly recommend this book to anyone remotely interested in PE. Hooke destroys the BS being peddled by the industry; that PE earns earns outsize returns (relative to public equity) while taking less risk. 

 

https://www.amazon.com/Myth-Private-Equity-Transformative-Investments-ebook/dp/B08ZJXHWM7/ref=sr_1_1?dchild=1&keywords=jeffrey+hooke&qid=1634584438&sr=8-1

Edited October 18, 2021 by Munger_Disciple

[KJP]

The author has also participated in some podcasts about the book:

 

https://acquirersmultiple.com/2021/09/ep-130-the-acquirers-podcast-jeffrey-c-hooke-lbo-myths-private-equity-myths/

 

https://newbooksnetwork.com/the-myth-of-private-equity

[Munger_Disciple]

Thanks, I thought he did a great job. He also teaches at Johns Hopkins. 

[Xerxes]

I did listened to the podcast on the AcquirerMultiple. Sounded very interesting.

 

Can someone who read the book can confirm if the book offer some historical anecdote about specific P/E companies and/or specific deal (i enjoy reading history), or is it just one those broad strokes at looking at long term return and showcasing that S&P500 did better etc. etc. 

[dcollon]

Thanks for mentioning this book.  Although it was some what basic, it was still a lot of fun to read.