Blackstone

NOVEMBER 16, 2023

From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. 8 Breaking down the total returns by source from December 2009 to December 2020 shows that 44% of the index’s average total return was from multiple expansion.

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 52

The Big Picture

MARCH 14, 2023

RITHOLTZ: So you’re there for 20 years, from 1988 to 2009. So, you know, 2009, what had happened was I was very burnt out. Well, I really thought and I think some of my associates thought that 2009 was a major market low. They wanted to hear a bear story post 2009. Also, how quantitative was it in 2009 and ’10?

Banks 62

Banks Portfolios Investment Banking Investment Banks 62

This is going to be BIG.

NOVEMBER 15, 2020

The tech community has been having a long-overdue conversation about mental health and work/life balance and it’s something I’ve been talking up as far back as 2006 , 2009 , and 2014 on my blog and in public. I continue to emphasize that as an investor today. It makes me want to quit venture capital entirely. I believe it still will.

Startups 218

Startups Passive Investors Buyout Venture Capital 218