The Importance of Private Equity

I initially had a pretty bad impression of private equity because again like when you kind of listen to so much everything that buffered. So for me again they kind of fall into the too hard to figure out basket because they have the hands in so many pies. I could see myself buying Blackstone stock one day, but the scenario would have to be right. If there was a market meltdown and lots of opportunities to buy up businesses on the cheap. And do great deals.