If it sounds too good to be true, …. Big takedown of the Private Equity industry by former PE manager Jeff Hooke (now of JHU-Carey). His new The Myth of Private Equity (Columbia Business School Publishing, 2021) highlights the sky-high costs, poor returns, & very low visibility. And yet, the industry persists… Hooke’s expose is a latter day “Where are the Customers’ Yachts?” The New Books Network interview.