Why the Smart Money Is Buying the Events Industry

More than five billion dollars in five weeks says human assembly is the asset class of the decade. Here is what the front page hasn’t figured out yet.

Some mornings I imagine opening the Times or the Journal and finding the story above the fold where it belongs, running across all six columns:

Private Equity Spends Billions on a Bet That Showing Up Still Matters

The smart money has decided that the most valuable asset in an artificial age is a room full of people who showed up, and it has spent more tha…