Inside Investment: We couldn’t recommend a purchase

Anyone investing in private equity now is making a bet that the business cycle has been abolished. Caveat emptor.

Would you rather be Philip Green or Stuart Rose? Both men are undoubtedly talented retailers and, by most benchmarks (even the high bar set by Euromoney readers), are wealthy and successful. However, while Philip Green can do exactly what he likes at Arcadia because it is a private company that he owns, poor old Stuart Rose at Marks & Spencer has to seek the approval of pesky shareholders for anything other than mundane decisions.

Complete operational freedom and the ability to pay yourself £1.2

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