As the article says, leveraged buyouts of retail end in bankruptcy only 41% of the time, and most of those bankruptcies are presumably not a total loss for the banks. So it's just a matter of pricing the loans to ensure the successes cover the losses.
(Why do private equity firms want to be in this business? Because the 59% that don't fail often generate very good returns.)
> (Why do private equity firms want to be in this business? Because the 59% that don't fail often generate very good returns.)
The way they limit their own exposure to risk seems to increase the odds of the targeted business completely failing, though. I think that's the part people have a problem with.
Agreed. I'm sure there's edge cases I don't know about, but in general I think it would be better to simply not allow leveraged buyouts and let businesses that would fail without the buyout fail.
I tried to look into this, and as far as I can tell the terms of LBOs are just so opaque there's no good way to tell. Maybe patio11 will do an article on it some day.
Exactly what are you using in React land that has lasted for 6-7 years. No components to hooks transition? No styling library changes? No state management changes? No meta framework changes? The React ecosystem is the least stable thing I have ever worked with.
I don't really agree that "best practices around useEffect have changed a lot". It's more that that particular hook was used a lot when it didn't need to be so the team finally wrote some guidelines.
The important thing is that Trump can't do the tariffs beyond 15% on a whim anymore though. Like imposing tariffs on Canada because of an ad displayed in Toronto.
This seems like an incomplete analysis since many countries with pay-as-you-go schemes borrow money to fund them sometimes, which contributes to general inflation.
Also, I doubt solving Instagram-level scale issues is on the top ten list of concerns for this project. Just getting something out there and gaining users is way more important than solving far future scaling issues.
It seems like you have an unfalsifiable belief. If one side raises more money and wins, it because of the money. If one side raises more money and loses, it is still the money because the other side spend it more effectively.
Does node or Go have a full-stack framework with any real usage? Those languages seem to have people that like piecing together libraries than using frameworks. Other languages all offer popular frameworks; Ruby on Rails, Java Spring, PHP Laravel, ASP.Net.
They are full-stack but not complete frameworks like the other. Where is the ORMs, authentication, form handling, etc? Will your bespoke choices hold up in 10 years?
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