“Total disaster.” “Burned out.” “Hitting the wall. “Want to shoot themselves.” “Psychopathic.” “Bite on a glass capsule.” “Like inhaling asbestos.” “Why are you so stupid?” “A cautionary tale.”

What is the attitude of private equity toward its shipping investments in February 2016? The expressions above come from one candid conversation between TradeWinds and a private-equity professional whose firm has dabbled in dry bulk and other shipping sectors over the past few years.

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