Slumdog Millionaire or My Bloody Valentine? Leftover Take-aways From The Wharton Conference
As Dan, the Buyouts team, and myself embark on coverage of yet another private equity conference (Dow Jones' PEA) I've got a few leftover snippets and highlights from the last one (Wharton, which I attended on Friday). For one, I attended a GP panel, where I sat so far back that I couldn't even see who was speaking. The most notable comments were: Apollo hires two associates per year. Standard. Every year. "The movie that plays out (in the next year) is going to be great. It'll be like ‘Slumdog Milionaire.' We all get rich but have to go through a lot of shit before we get there." Another panelist chimes in: "More like "My Bloody Valentine." "The number of idle hands with good brains is extraordinary-the old rules of finance don't apply anymore." For two, I sat in on an LP panel conducted by David Snow, the editor of Private Equity International. Some blind quote highlights:
