Ludovic Phalippou

This account will be move to / merged into @lphalippou81 sorry for any inconvenience

[Ludovic Phalippou @PELaidBare]

Sorry about that, but I have two twitter accounts, which is impractical. I will shut down this one, and will try to be active on the other one from now on, there a few news coming up re PE laid bare: @lphalippou81

[Ludovic Phalippou @PELaidBare]

Nice article

[Chris Tobe, CFA @tobecb]

#Privateequity performance is built on fraud, which is why they will never adopt real @CFAinstitute #GIPS performance standards https://t.co/UUv0RfVIaE @PEcloserlook @PELaidBare @EileenAppelbaum @ewarren @davidsirota

[Chris Tobe, CFA @tobecb]

#Privateequity performance is built on fraud, which is why they will never adopt real @CFAinstitute #GIPS performance standards https://t.co/UUv0RfVIaE @PEcloserlook @PELaidBare @EileenAppelbaum @ewarren @davidsirota

[Ludovic Phalippou @PELaidBare]

Good piece in the FT
https://t.co/Rqlo2tYqBo

[Ludovic Phalippou @PELaidBare]

These types of things worry me dearly

[Chris Tobe, CFA @tobecb]

Private Equity firms Blackstone & KKR control Surprise Medical Billing https://t.co/RT1IXc5jTo @PEcloserlook @PELaidBare @EileenAppelbaum

[Chris Tobe, CFA @tobecb]

Private Equity firms Blackstone & KKR control Surprise Medical Billing https://t.co/RT1IXc5jTo @PEcloserlook @PELaidBare @EileenAppelbaum

[Ludovic Phalippou @PELaidBare]

@EileenAppelbaum One response you will get on the pension fund point is that overall pension funds received decent returns from PE (albeit often overstated)

[Ludovic Phalippou @PELaidBare]

@EileenAppelbaum This is very intriguing and financial economists among others need to think hard about this ASAP

[Ludovic Phalippou @PELaidBare]

@dthesmar @augustinlandier @LesEchos Excellent

[Ludovic Phalippou @PELaidBare]

@tobecb @PEcloserlook Fully agree. Have been saying this for a while now.

[Ashby Monk @sovereignfund]

Dear Pensions: If you won't listen to me on fees and costs... will you at least listen to WARREN BUFFET!? https://t.co/syqDj74UJB Remember: The only thing guaranteed by high fee managers is... high fees.

[Ludovic Phalippou @PELaidBare]

@PEcloserlook @jasonzein

[Ludovic Phalippou @PELaidBare]

@tobecb @PEcloserlook @GoHedgeClippers Perhaps yet more interesting is: ten+ years ago, appeared the Endwmnt CIO concept, someone on campus earning $5m, & would be ok b/c they will outperform. Results just came in. It is not pretty. Always the same error: we think the world is deterministic while most of it is random.

[Ludovic Phalippou @PELaidBare]

#MakePrivateEquityGreatAgain

[Ludovic Phalippou @PELaidBare]

Always difficult to boil down a complex message in a few minutes, but key message was clear (hopefully). Below is link to podcast and then in comments, the link to my latest paper on carried interest (just completed first draft, comments very welcome)
https://t.co/AzcfdBeq0Q

[Ludovic Phalippou @PELaidBare]

https://t.co/VzALnqN5eg

[Ludovic Phalippou @PELaidBare]

@EdwardSiedle @Forbes Amazing ! ... or to be expected

[Ludovic Phalippou @PELaidBare]

2) "Have mercy upon us, and forgive our sins. We will have a concrete plan next time ." God smiled and sent them back to post-no-deal-Brexit England. "Oh, no, this Hell is a lot worse than the earlier one!" But it was too late."There is a special place in Hull (England)".

[Ludovic Phalippou @PELaidBare]

Made my day!
Love the idea that paradise is located in an IKEA (or the other way around)
https://t.co/Q2xHu4koIK

[Ludovic Phalippou @PELaidBare]

Oh, and that reader's comment:
1) Brexiters who tried to leave the EU without having a concrete plan were sent to Poland, picking fruits, made to pay tax, and being called "economic migrants" and "immigrants". "This is Hell," they complained to God.