Book · 2022 · Business & Economics
Two and Twenty
How the Masters of Private Equity Always Win
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These days, Kaduria is investing his own money and he has written a book called Two and Twenty, How the Masters of Private Equity Always Win.
Stephen Dubner · Freakonomics Radio · Oct 2026 Why people recommend it
Two and Twenty by Sachin Khajuria is a non-fiction book that explores the inner workings, strategies, and financial mechanisms of the private equity industry. Stephen Dubner discussed the book on Freakonomics Radio during episodes in November 2023 and October 2026, specifically during segments examining whether private equity firms are plundering the United States economy. Introducing the author and his work, Dubner explained that the distinctive title refers to the traditional fee structure used by private equity firms to compensate themselves. During the 2023 conversation about alternative investments, Dubner engaged directly with Khajuria, pressing him on certain omissions within the text. Dubner questioned why the book failed to address or document any of the broader negative economic consequences and criticisms frequently leveled against the private equity sector, prompting a discussion about the darker side of these massive financial investments and how the masters of the industry manage to always come out ahead regardless of broader economic fallout for the companies they acquire and restructure over time.
Every mention
Stephen Dubner These days, Kaduria is investing his own money and he has written a book called Two and Twenty, How the Mas… 3
“These days, Kaduria is investing his own money and he has written a book called Two and Twenty, How the Masters of Private Equity Always Win.”
“cajor is investing his own money and he has written a book called two and 20”
“but I didn't read about any of that in your book why not”
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Other mentions (3: passing, ad reads, own books)
“Thanks to him, as well as to Sachin Khedruria, whose book is called Two and Twenty, How the Masters of Private Equity Always Win.”
“thanks to him as well as to sain kajura whose book is called 2 and 20 how the masters of private Equity always win”
“Thanks to him as well as to Sain Kajura, whose book is called '2 and 20: How the Masters of Private Equity Always Win.'”