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Blackstone's hunt for individual investors continues in Europe citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
PE Alternatives to Stocks and Bonds - The Big Picture ritholtz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ritholtz.com Daily Mail and Mail on Sunday newspapers.
Transcript: Joan Solotar - The Big Picture ritholtz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ritholtz.com Daily Mail and Mail on Sunday newspapers.
Byron R. Wien, vice-chairman of the Private Wealth Solutions group at Blackstone, and Joe Zidle, the company’s chief investment strategist, think they might have sussed out Musk’s “master plan.” In a classic case of the guppy swallowing the whale, they say Tesla is going to buy a major automaker. Yup, according to Wien and Zidle’s Ten Surprises of 2021 defined as “having a better than 50 per cent likelihood of happening” little ol’ Tesla is going acquire a major global automobile manufacturer “in a transaction that involves a combination of cash and stock.” Think about this for a moment and it proves absolutely brilliant. In one fell swoop, it would solve so many of Tesla’s problems at least those centering on ridiculous valuations and the ramping up of production to satisfy those incredible projections. For instance, it would instantly solve the company’s truly usurious market cap-to-car ratio. Legendary investor and Model 3 owner! Jerem ....