The Cardinal Sin of Investing

David Rothkopf: Blackstone has 40 billion of dry powder, but where precisely is that dry powder? He says when the capital calls come in from people that think and profess to be able to put a lot of dry powder to work, those other folks have to sell something. Rothkopff: It's beyond misrepresenting the risks associated with being invested in that at this juncture of the cycle. "I'm trying to get you to help me connect the dots," he says.