By Michael Kinsley
Posted Thursday, Aug. 30, 2007, at 10:32 AM ET
"Most private-equity firms are about hard work, not just financial engineering."
—David Rubenstein, founding partner of the Carlyle Group, interviewed in the Wall Street Journal, Aug. 24
Whatever possessed me to go into private equity? I was so naive. I thought it was just about financial engineering. That certainly is the impression they give you in the media. But turns out that it's actually about hard work! Who'd a thunk it? Here we are in the last week of summer, and everybody is in the Hamptons or in some villa in Tuscany. Everyone, that is, except for me, Private-Equity Man. I'm working hard. In fact, I'm here in a coal mine. It's about 110 down here, you can't see a darned thing, and everything from my lungs to my blue pinstripe suit is drenched in sweat and covered with coal dust.
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