After watching Blackstone’s goofy 2023 holiday video spoofing on Taylor Swift last week, click here to view for yourself, I was reminded of a book I read a few months ago. Our Lives in Their Portfolios by Brett Christophers details the subtle yet significant capital shift from banks to asset managers that took place, and … Full Story »
Steel Deal Struck: U.S. Steel (X) has finally struck the deal. After rejecting Cleveland-Cliff (CLF)’s takeover bid in August, the company that J.P. Morgan himself formed in 1901 is being bought out for $14.9 billion, including debt, or $55 a share by Japanese steel giant Nippon Steel. The latter is in a better position than … Full Story »
I know how you feel. No, seriously… I KNOW HOW YOU FEEL. Like 90% of investors, you’ve watched the market shoot higher after the last two days, and you’re probably thinking that you need to move every penny from your money market into stocks before you get left behind for good. We call it FOMO. … Full Story »
