unimpressedpragmatist

Private Equity: Down, But Not Out

When CEO's spend $3 million on their birthday party in bad times, you won't find many investors lining up to put money into their organizations. this outrageous conduct occurred in the Blackstone organization just prior to them announcing a $170 million loss.

the problem with private equity funds is that they are run by egocentric, self absorbed people who have little to no conection with their investors or reality. I sold my BX stock this morning and I have no intention of ever venturing into that swamp, again!