Blackstone has cut the dividend by 10%. It is based on their earnings, which have all been down. Their war chest is sitting comfortably at about $200 billion. That's a lot of money. And I know they are not just sitting on that. So for example, in the real estate world, they're looking at this investment trust in the UK called Industrial Real Estate. They own offices and warehouses all throughout Europe. The company wants to buy that out because it's trading at a massive discount. When we do see recovery, we'll start to see gains from that. Blackstone will make a decent pay over the next 10 years.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode