Arguably the entire market is heavily overvalued now, though, so while his strategies are probably no longer optimal, they'll probably continue to work out well enough at least until the next big correction.
Ben Graham
Do you have more information about that? That sounds impossible for a publicly traded company.
But I don't know what we can do about it when government has been captured by people with vested interests in not fixing anything.
It feels like things have to get bad enough to get people to actually rise up. Not like, revolution or anything, but real protest (and enough political awakening to understand that they are being fed culture war bullshit to distract them from the class war they should be waging).
The public stuff, sure, in the short term. The wholly-owned stuff, however, is pure private equity: their cash flows should cash flow irrespective of financing conditions.
They're sophisticated government contractors. They've insulated themselves from the wiles of the market.