Luca Ferrari
👤 SpeakerAppearances Over Time
Podcast Appearances
And everybody's there, being together, making friends.
It's expensive, naturally, but we think it helps establish a level of trust, bonds with colleagues, and ultimately a company is people.
So if you bond with colleagues, you're bonding with the abstract concept of the company to an extent.
It's not the same thing.
It's not enough, but it's part of it.
We believe that it pays dividends in terms of, again, willingness to sacrifice, to be honest about problems, to do your best.
There's always a first.
Private equity wasn't a thing until it was a thing.
And today you have trillions of dollars in private equity.
You could have done private equity before KKR did private equity.
Nothing prevented you from doing private equity in the 1930s.
To my knowledge, nobody was doing private equity.
At some point, someone comes up with an idea.
It makes sense.
It's efficient.
It works.
Others flock to compete.
Sometimes that ruins the opportunity.
Regardless, you have a market.
This may be the case.