# Nothing Is Fundamentally Broken … Yet Again

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Text version: https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796/nothing-is-fundamentally-broken-yet-again.md
Podcast: [Dry Powder: The Private Equity Podcast](https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796)
Published: 2025-12-16T09:00:00+00:00
Episode link: https://dry-powder-72f03771.simplecast.com/episodes/cleaning-out-the-private-equity-attic-a-year-in-review-FC2J7YmS
Audio file: https://cdn.simplecast.com/audio/66df01ff-a0e1-4bc4-b81b-b233a3d0604e/episodes/5ba5061f-aa72-46ac-8170-752addedd9b2/audio/48ecab2d-0ef4-4187-9267-5bb2110b7fdf/default_tc.mp3?aid=rss_feed&feed=rh_8uLBO
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JSON: https://stenobird.com/v1/public/podcasts/dry-powder-the-private-equity-podcast-252796/episodes/nothing-is-fundamentally-broken-yet-again
Duration seconds: 345

## Resource

Host Hugh MacArthur reflects on an emotionally turbulent year, the data underlying the noise, and the potential for a turnaround in 2026.

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## Transcript

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