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. forward base rates, which implies that nearly 20% of the private credit market does not have sufficient cash flow to cover their debt. Leverage Ratio.

Leveraging 52

Leveraging Banks Debt Leveraged Buyouts 52

The Big Picture

AUGUST 20, 2024

00:15:26 [Speaker Changed] So the passive component of that, which we’ll feed into a discussion we’ll have later on, had just become so large that it relied on liquidity that was not necessarily gonna be there. What lase pointed out in his paper was that passive had to transact during periods in which there was index rebalancing.

Asset Management 69

Asset Management Assets Mutual Funds Bidding 69

The Motley Fool

FEBRUARY 12, 2025

I plan to show you how we are adding value and building capacity in both metals without taking an excessive amount of debt on or issuing new shares. Strong cash flow supported $500 million of share buybacks on top of $700 million in dividends which kept net debt in line at just over $650 million. billion for 2024.

Assets 130

Assets Shareholders Capital Finance 130

The Big Picture

FEBRUARY 12, 2024

Passive investors have no opinion about value. Like the amount of change that would need to happen to move the needle, it’s kind of almost like a waste of time because nobody’s willing to make the major major type of tax increases or the major, major types of spending cuts. Those are opinions about price.

Capital 117

Capital Hedge Funds Funds Mutual Funds 117