And I can tell you from years of personal experience......bad experiences are the best and quickest teacher :-) 

True , GC is like a teacher to subcon , but after years of experience , it is the GC that’s hands on , practical and having leverage.my GC guy would kill me if I hired his subcon and giving him 40 dollar per hour , for example , lol.GC and subcon is like manager and employee in tech company lol ….

The worst part is that the PE guys probably lost all the LP capital (if they are big enough this is pensioners and teachers funds) but generated big fees from acquisition and management.All we can do is wait for them to be exposed and make the headlines about them ourselves, before the media does.

Quote from @Stuart Udis:The point I am making is the decision the GP makes is circumstantial and very specific to the fact pattern of their particular deal and to tie back to my first post in this thread, who that decision maker really is is important. there's also one large fund that makes money when interest rate increases as they purchased a swap before rate hike lol so there's that, one out of ten folks are doing the right thing. most of these newbie GP, they just follow their teacher, so their teacher is telling them to switch from debt to floating when rate is near zero, there's article on realdeal that mentioning that. bad teacher i guess lol 

Don't be too hard on yourself if and when you make mistakes, which you will do.Failure and mistakes are our best teachers as long as we learn from them.

Personally I always want my mentors or teachers to have a proven track-record in executing the exact strategy I am looking to learn, and I don’t discount that experience just because they are teaching (David Greene from BP is a great example).

"The host were really incredible teachers and the modules were set up perfectly week to week.

He is extremely knowledgeable, a great teacher, and an ethical investor.

It is very possible and sometimes the only way you have to go.Experience will be your best teacher....

I hope you aren’t a teacher, mocking kids because they don’t have a job or something like that.