“I'm trying to generate 50% annualized returns… the only way that I can achieve that is by taking concentrated levered bets when I have a high degree of conviction”
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Said on The Pomp Podcast
Steve Eisman · The Real Eisman Playbook · Why Private Equity's Software Bet Is Going to Zero | The Weekly Wrap
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argues that private-equity software bets are “dead money” and will not generate returns
“I'm trying to generate 50% annualized returns… the only way that I can achieve that is by taking concentrated levered bets when I have a high degree of conviction”
“$10,000 invested at the time of BWW's IPO in 2003 would now be worth $175,000, a rate of return no one can argue with.”
“Private equity produced average annual returns of 14.28% per year… contrast that with the S&P 500 public stocks that produced just 9.24% per year.”
“From 1926 through 2025, a diversified portfolio… S&P 500 generated a return of about 10.5% a year. Small cap… 12.66% a year”
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