I read it more that there's a degree of self-valuation with PE portcos

unlike a public company, so the ups and downs are the 'no s**t' bit, but it's whether the ups were ever quite as high as claimed. And so if everything had been based on an inflated best-case scenario, then that's not so good.
But you know, PE is just another vehicle for greed really, and they normally get through ok.

Posted By: camcan, Feb 3, 10:53:20