Sometimes The Economist is really smart, and sometimes it is just preachy without a purpose. You see much more of the latter in the current issue’s profile of private equity’s Henry Kravis of KKR fame. After meandering idly through Kravis’s history — Henry makes money! Henry makes more money! Henry makes even more money! — the magazine comes to a sputtering stop.
The trouble is, The Economist being The Economist, it has this compulsion to close with a provocative recommendation. And its recommendation? That the super-successful Kravis should retire. Gee, thanks guys. Maybe your leader should resign. Oh wait, he already is.