主题：2012 大选周记 之一 -- 切地雷

cover up everything. Fundamentals play out in the long run. E.g., Chrysler was acquired by a PE fund and it finally went BK during the crisis period.

BTW, the world is not short of smart people: creative accounting tricks could be picked out by industry insiders too. PE firms need to sell stakes fast enough to the stupid money, otherwise, it is still a loss-making business.

You are too negative on Bain. Bain Capital bought out one retailer based in Montreal and the firm went IPO 3 years ago. Even today, Bain Capital has not fully liquidated their holdings in that firm, but that Montreal firm went through healthy growth under new strategic adjustment. Its stock share has increased 100% in the last one year.

I know PE funds are cash squeezers, but it goes extreme to say that they do not bring any benefits to target firms.

Mitt could be a dangerous candidate for presidency. What I care is a strong-dollar policy, otherwise, I have to worry about US as soon as 2016 and have to shift investments out to Canada.

I do not think Obama and strong dollar are compatible with each other--Obama could be a winner soon, but I am very pessimistic about the next 4 years if he is reelected.