The connection between 1) Private Equity, 2) High Leverage, 3) "self inflicted gunshot" (if true), and a 4½% increase in interest rates might not be entirely random.

Many of these fortunes made over the past 15 years are sitting on dynamite.

nitt…

https://nitter.moomoo.me/nntaleb/status/1629113777529532416#m