Magazine article Management Today

Why Business Is like ... Naughty Schoolboys

Magazine article Management Today

Why Business Is like ... Naughty Schoolboys

Article excerpt

'Stop fiddling and sit on your hands!' shouts the geography teacher to the boy in the back row. He has dropped his pen for the third time in 10 minutes, interrupting Miss Appleton's flow as she explains the difference between a Bergschrund and a crevice. But what happens when that little boy grows up? Does the urge to fiddle miraculously go away, along with the high-pitched voice and the scabby knees? Jon Moulton, the respected founder of the private-equity phenomenon Alchemy Partners, suggests not.

Speaking at Oxford's Said Business School this spring, Moulton argued that private-equity managers have much in common with the aforementioned fidgeting schoolboy. In his opinion, there is now an oversupply of capital entrusted to private-equity houses and an undersupply of worthy targets, causing bidding wars as these firms compete to find a home for their cash. This leads, he says, to over-eager investment managers with a surfeit of nervous energy and a dangerous urge to play with their money. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.