Category: Investing

The 1MDB scandal: what does it mean for Goldman Sachs?

The 1MDB scandal: what does it mean for Goldman Sachs?

The 1MDB scandal: what does it mean for Goldman Sachs? – 1MDB scandal: what does it mean for Goldman Sachs? I’m reading the book Billion Dollar Whale about 1MDB and if it’s to be believed culpability goes to the highest levels at Goldman – Cohn and Blankfein. It was at a minimum willful blindness. I …

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Beware the private equity echo chamber

Beware the private equity echo chamber

This article raises 3 key issues related to private equity – 1) when there is a failed IPO do the PEs mark down the private valuation on the assumption that failed IPO implies that private value is too high?, 2) what is the process to ensure private sales and/or swaps are properly valued and arm’s …

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