Adaptive equalization vs inverse of transfer function
Inverting a channel can only be done when the channel is a minimum phase system (trailing echos only). A minimum phase system is characterized as having all zeros in the left half plane (for the s plane, or equivalently in a sampled system and the z plane all zeros inside the unit circle). Inverting such a channel results in poles where every zero exists, and a causal system that has any poles in the right half plane (outside the unit circle) is not stable.  So a minimum phase system has a stable causal inverse, while a mixed phase or maximum phase system does not.