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Ep. 362: Dan Rasmussen on Private Equity's Stranded Assets, Private Credit, and the AI Bubble
Daniel Rasmussen is the founder and managing partner of Verdad Advisers, an investment firm with over $1 billion in assets under management across multiple asset classes. He is the author of The Humble Investor (2025) and American Uprising (2011). Prior to founding Verdad, he worked at Bain Capital Private Equity and Bridgewater Associates. In this podcast, we discuss:
Investing as Meta-analysis
The Evolution of Private Equity
Stranded Software Assets
The Private Credit Mirage
The "Adjusted EBITDA" Trap
Small-Cap Growth Dangers
The AI Capex Cycle
AI Productivity Mindset
The skinny
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