Finding ports in a private equity storm

In every cycle, investors will convince themselves the good times will never end; a 'this time it is different' mantra takes hold. This period of the cycle is always most vulnerable to external or contagion risk. There is always a tipping point that will bring overheated valuations back to Earth. After decades of ultra-fertile conditions for private equity and venture capital, the era of easy money and high returns is over. The driver this time is run-away inflation fuelled by war, pandemic, and monetary easing of an unprecedented scale.  Scottish Mortgage addresses private equity ...