(Charlotte, NC – May 15, 2018)
Private equity dry powder hit another record high last month. This rising demand is a tailwind for the public market. It also suggests that (on average) private equity returns will be mediocre at best for funds that are now deploying capital (due to rising competition and lofty valuations).
Source: @RBAdvisors
What We’re Reading
Below are links to select materials and articles that our team found interesting (no partnerships expressed or implied).
The Lie That Perfectionists Tell Themselves
(Harvard Business Review) More time doesn’t necessarily translate into better quality work. In fact, spending more time at work and on specific tasks can actually hurt our performance, reducing the quality of our work.
Jeff Bezos Banned PowerPoint in Meetings. His Replacement Is Brilliant.
(Inc.) Narrative memos have replaced PowerPoint presentations at Amazon. Here are 3 reasons why.
How Morgan Stanley Got Its Mojo Back
(WSJ) Every big bank has changed since the financial crisis, but none as dramatically as Morgan Stanley under James Gorman. The CEO, who took the top job in 2010, caused grumbling after defending a move to slash bonuses in 2012 after another bad year, when he said if employees are really unhappy, they can “just leave.” But six years later, Gorman’s take-it-or-leave-it discipline has transformed Wall Street’s problem child into one of its steadiest performers.
Why Silicon Valley Can’t Fix Itself
(The Guardian) Big Tech is sorry. After decades of rarely apologizing for anything, Silicon Valley suddenly seems to be apologizing for everything. They are sorry about the trolls. They are sorry about the bots. They are sorry about the fake news and the Russians, and the cartoons that are terrifying your kids on YouTube. But they are especially sorry about our brains.
“North Inlet Advisors, LLC” provides financial advice to companies on capital formation, mergers, acquisitions, divestitures, restructurings, and other complex corporate transactions. North Inlet Advisors is not a retail broker-dealer, does not conduct underwriting activities, provide research, analyst reports, or solicit or carry accounts, or offer or sell securities products to retail customers. North Inlet Advisors is registered as a broker-dealer with the U.S. Securities and Exchange Commission (“SEC”) and is a member of the Financial Industry Regulatory Authority (“FINRA”) and Securities Investor Protection Corporation (“SIPC”). Please visit www.finra.org and www.sipc.org, or North Inlet’s regulatory webpage for more information.