You Are What You Live Through As An Investor
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It is appropriate and perhaps entirely ironic that the subject of this week’s Dividend Cafe comes at a time where we have recently seen some of the most bizarre, insane, and silly market activity, ever, and that this bizarre, insane, and silly activity is accompanied by totally incoherent commentary from various pundits, politicians, and “pros.”
Whoever said investing was all math and science is an idiot.
But the drama of last week’s market, and even the circumstances around the big headline story of the week (which has actually morphed into a multi-faceted story), really do serve as a reinforcement of the major principles, beliefs, and applications I want to highlight in this week’s commentary. I began writing this Dividend Cafe last weekend, and had conceptualized my thesis well before the drama hit the tape into the week. And I haven’t altered that thesis or even the way I unpack it at all. T
Marc Rowan, one of Leon Black’s top lieutenants, is to succeed him as CEO of private equity giant Apollo Global Management. Black will stay on as chairman.
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Leon Black, who founded the alternative investment firm Apollo Global Management, is stepping down as chief executive following an independent review of his relations with convicted sex offender Jeffrey Epstein.
Mr Black will retire as chief executive effective on or before July 31, 2021 consistent with best-in-class governance practices of the company , Apollo said in a statement on Monday. He will, however, remain chairman of the firm he founded three decades ago.
Marc Rowan will take over as the new chief executive of the alternative asset management company, which had $433 billion in assets under management at the end of September last year.
of course, boesky was guilty. there was going to be no defense. all he had was bargaining power. who could he deliver? levine was a fish, boesky was a shark. who is the whale they re going to catch? i don t know. drexel burnham? well, that s possible. in the middle of all this is drexel burnham lambert. until a few years ago, a little-known wall street firm. and then, it shot to the top by specializing in so-called junk bonds. high interest but also high risk. drexel and the head of its junk bond department michael milken made a deal with ivan boesky to make millions of dollars illegally. california company wicks came to milken s firm and said it was planning a takeover. boesky bought the stock before it went up, shared the profits with milken s firm, but milken betrayed his client, charged a million-dollar fee and secretly
wetting their well, you get the idea. of course, boesky was guilty. there was going to be no defense. all he had was bargaining power. levine was a fish, boesky was a shark. who is the whale they re going to catch? i don t know. drexel burnham? well, that s possible. in the middle of all this is drexel burnham lambert. it specialized in so-called junk bonds. high interest but also high risk. drexel and the head of its junk bond department michael milken made a deal with ivan boesky to make millions of dollars illegally. california company wicks was planning a takeover. boesky bought the stock before it went up, shared the profits with milkens firm, but milken