Walking_billboard t1_isswvtj wrote on October 18, 2022 at 1:51 PM

Reply to comment by XPlutonium in [OC] World's Top 10 Richest in 2022: Gautam Adani Makes Billions, the Rest Loses Them by waynehihihi

Ya, this guy is building a legendary-grade house of cards. He buys companies, saddles them with debt, and uses the cash to buy the next company. Wash, rinse, repeat.

There is always the chance he pulls it off, but there is a much larger chance his companies implode in the next 18 months.

LivingMemento t1_istmg2z wrote on October 18, 2022 at 4:44 PM

That was the technique the Mafia used although they had respect for the workers. Wall Street then followed the Mafia model without the basic human decency. Private equity is usually best explained using the lessons from Goodfellows or the Sopranos sporting goods store episodes.