Blackstone CFO just left for greener pastures. Markets sold off. Should we care about one general who changed colours? Follow this.
A promising growth area will be individual investor solutions. a market downturn will accelerate dissatisfaction with advisors and Blackstone should win the churn wars that follow.
Given their size even if institutional investors wanted to pull their funds where would they go given the optics of size and performance needed to attract their attention.
That dividend can pay for some pain in the interim. Get paid while you wait.
George Gutowski writes from a caveat emptor perspective. He recently wrote a financial mystery where a Wall Street Titan is assassinated. See if you cheer for the assassin. Available on Amazon http://amzn.to/1yF4QYf