I remember doing a lot of research about PE when it was a hot topic during the Romney days. It&#x27;s hard to put your finger on what makes it feel unsavory. After all, there are a bunch of players who have different interests who all have to agree on the deal for it to go through. Presumably, if it were a rigged game, these deals wouldn&#x27;t get closed. The whole &quot;fool me twice&quot; thing, and all.<p>Yet, these big PE firms seem to come out ahead. Certainly their principles do. On the other hand, when big companies falter, there are the bystanders: the working people, clients of the business, the community, and other non-equity-holding stakeholders. None of these people seem to stand to gain much no matter who wins the game of thrones in the boardroom. And it&#x27;s not as though these people will just frictionlessly proceed on to some alternative in the market.