I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab.

There's a hot investment opportunity that private equity has been all over lately. But unlike most private

equity ops, this moneymaker isn't just for ultra high net worth people. For once, the investment

market favors the people who like to get their hands dirty and who can see beauty where other

people might not. And this big opportunity is boring businesses. I'll start by giving you one cuckoo bananas example

that really paints a picture of how red hot this industry is right now. And this example is plumbing.

To really let this sink in, I'm going to give you a little backstory. All of the geniuses from the big MBA

programs, we're talking Wharton, Stanford, Harvard Business School, have been

gunning for one job, Alpine Investor's CEO in Training Program. The acceptance rate is

itty-bitty. It is 1.6%. And to put that into perspective, Harvard accepts 3.6%, which sounds like

a breeze compared to Alpine. But the CEO in training program is considered

an elite fast track to becoming a CEO. At least 55% of graduates go on to helm companies.

So what secret sauce does Alpine have to cultivate the leaders that will take over the most

important businesses in our world today? Are they telling CEOs in training to go hit the books?

To debate founder mode versus manager mode? Do pull all-nighters? No, they're not. According to

Alpine's chief talent officer, Tal Lee Anderman, these baby CEOs are learning by doing.

As she puts it, quote, you're moving from Yale Law School at Harvard Business

School to Jackson, Mississippi to run a plumbing company. So you know how some people say

getting an MBA is like throwing money down the drain? It might literally be true. Alpine didn't

create this program out of the goodness of their hearts or because of a passion for plumbing.

They had a problem to solve. After snapping up

smaller investment-worthy boring businesses like plumbing companies, they needed leaders to

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