Big thank you to Ethos for partnering with me. You can get a personalized insurance quote in 10 minutes for as low as $10/mo by using my code here: https://ethos-life.sjv.io/vincent-chan 📈 Get Free Stocks with Moomoo when you deposit $100 (limited time offer): → https://vincentchan.co/moomoo/ FREE STUFF FROM ME: 💵 Build a wealthier and healthier life in 5 minutes weekly → https://vincentchan.co/rethinkable/ 📈 Prepare for the investing day in just 3 min daily → https://dailymarketbriefs.com/ LET'S CONNECT: 📩 Business inquires → vincent@vincentchan.co 👨‍💻 https://vincentchan.co/ 00:00 - What's happening? 00:31 - What is Private Equity? 03:13 - The beginnings of Private Equity 08:18 - How Private Equity took over the economy 10:03 - But there was a problem... 11:41 - The next target for Private Equity 13:22 - But this next target might be worse news 15:52 - How Private Equity could ruin the economy 642 US companies went bankrupt in 2023, the highest number since the great financial crisis. But what’s more surprising is that companies owned by private equity are 10 times more likely to go bankrupt. The problem is, 1 in every 14 workers in the US collect paychecks from companies owned by private equity. But what is private equity? How do they have more money than Apple, Microsoft, Amazon and Tesla combined? And what are they doing to the US economy? ______ Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one. All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice. Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.