4.1 • 3.9K Ratings
🗓️ 10 May 2023
⏱️ 47 minutes
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0:00.0 | This is the Rich Dad Radio Show, the Good News and Bad News About Money. |
0:07.0 | Here's Robert Kiyosaki. |
0:09.0 | Hello, hello, Robert Kiyosaki. |
0:10.4 | The Rich Dad Radio Show, the Good News and Bad News About Money. |
0:13.4 | So let me start with, so, Ren, you are a federal prosecutor and served a special counsel |
0:18.5 | for private equity and the Justice Department's antitrust division. |
0:22.1 | What does that mean? |
0:23.1 | What do you do? |
0:24.8 | What do you do? |
0:25.8 | Thank you so much. |
0:26.8 | I did for the time and I should say off the bat that I'm speaking in my personal capacity, |
0:30.6 | not as an employee of the Justice Department. |
0:32.6 | So they were kind enough to give me leave to write this book, which I was very interested |
0:36.0 | in on private equity generally. |
0:37.5 | Oh, thanks. |
0:38.5 | So, yeah, yeah. |
0:40.2 | So it might be helpful for me to talk about generally what private equity is, just so |
0:45.1 | that we sort of have some ground rules. |
0:47.8 | And I think you sort of alluded to this earlier that it's a term that I think a lot of people |
0:53.3 | have heard, but very few people really know what it means. |
0:56.2 | I confess that I didn't know what it was until after I had gotten the book deal. |
1:02.2 | So the general idea is, you know, private equity firms use a little bit of their own money, |
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