They pioneered the modern private equity playbook. Ultimately, they're largely responsible for transitioning the economy based on driving productivity through innovation, to driving "productivity" (if you can call it that) through financial engineering. Absolute evil.
I think the most charitable take was they rode the longest American bull market in history with dead simple buy and hold strategies. Many of which would not pay out today while holding companies that gave minority groups diabetes and tried to restrict water distribution to th me third world.
I can’t believe people here think these were good smart guys. They were assholes with a folksy facade.
