Very Briefly: How Does Private Equity Work?

Maybe the title should be 'A Tiny Glance Into Private Equity for Complete Financial Dunces' which would be me! I know nothing about finances really, or about the structures of Wall Street. I read what is posted here and learn a lot, but I still just basically nod along, and will continue to do so! Recently I watched a video which explains how private equity firms operate and wanted to share it here.

from: https://archive.boston.com/bostonglobe/editorial_opinion/outofline/2009/...