But Starter homes are 400K and There Are 80K Pickup Trucks….

The easy analysis is to mercilessness trash a certain industrial engineer, a hospital administrator, and maybe a few money manager types. My disdain for them and their ilk goes without saying but the elevation of such unimpressive individuals to such egregious levels of wealth and influence is deserving of our attention.

Hospitals are as far from as speculative asset as one could imagine. Healthcare is heavily regulated, repetitive, as much a commodity as supermarket sales, and less dynamic than land line phone service. At its best Private Equity is best personified by wild speculators aggressively outsized return in volatile avenues where the staggering potential for losses as well as gains precludes the involvement of most investors. I envision the Duke brothers leaving their mistresses to introduce goat herders to the wonders of Cadillac engineering, or the financial might that made Detroit the fifth wonder of the world.