Remove Buyout Remove Passive Investors Remove Taxes
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Private Credit, Meet “Higher for Longer”

Blackstone

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. Private credit provided 65% of loans for the leveraged buyout (LBO) market in 2021 and 86% for the market as of year to date 2023. Index Comparison.

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The Double Standard of Female CEOs Moving Fast and Breaking Things

This is going to be BIG.

In a memo detailed on the company’s blog, Coinbase CEO Brian Armstrong moved his company towards an entirely “work-focused” apolitical stance , citing, as far as I can tell, management’s inability to empathize with anyone for whom government policy, save for capital gains tax, couldn’t be conveniently and easily ignored.

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