Blackstone's 10% Dividend Court

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.