Enjoy!
(i) FT: How financial engineering in Bermuda boosted Apollo
On the ADIP sidecar structure (art).
(ii) The Brooklyn Investor: Inflation, Valuations etc.
Posting for the section on “Fortress Businesses,” which is great.
(iii) Turtle Bay: My all-time favorite LBO: Conwood
“Buffett called it ‘one of the best businesses I ever saw.’ Munger called it ‘the best deal I ever saw.’ Pritzker bought it and made ~260X.”
(iv) Astral Codex Ten: Dictator Book Club: Putin
A review of Masha Gessen's "The Man Without A Face"