Why Private Equity is a SCAM (According to Warren Buffett and Charlie Munger)
Charlie Munger had a knack for cutting through the noise with humor and sharp insight, and this video is a perfect example. Using a witty analogy about a man selling a dangerous yet occasionally well-behaved horse, he exposes the dishonest tactics often used in private equity—selling businesses only when they briefly look their best. Warren Buffett then drives the point home, explaining why private equity firms prioritize hefty fees over investor returns, making it clear why everyday investors should tread carefully—watch the full video to hear their unfiltered take!