June 2007
20 posts
Bath on Blackstone
So Blackstone went public today (BX). I was interested in buying in, due to my general enthusiasm for private equity and my opinion that major PE firms will survive & prosper in the post-cheap-debt era. Research and some compelling arguments convinced me that a first day purchase would find me in a bath well under water.
Sure enough, shit stank. 13% sounds like a good gain, until you realize...
“This fucking job ain’t that fucking easy.”
– Tommy Lasorda. Date unknown.
“Usually this place has ugly waitresses, but this one is a very delicate and...”
– Lapo Elkann, Fiat Heir. June 12, 2007.
“Dude, I know all about the ladies.”
– Brian, on strategy. June 12, 2007.
WatchGod I fucking love Andre.
“Why get married pimpin’, why?”
Listen up Lonardo.
PE, Equity Not Enemy.
And not Public either.
Over the last few months I’ve gotten more and more interested in Private Equity, both what it is and why it exists.
For the uninitiated; PE is basically shorthand for what were called “Corporate Raiders” back in the 80s. You know, that guy Michael Douglas played in Wall Street. Today a typical PE transaction is to take a company private by buying all its...
Let the BIPing begin ... →
It’s nice to have the old gang back together.
“I didn’t think he had the giddy-up in that thing.”
– Brian Lonardo, June 2, 2007.
Tigers, the Master Cat Race
So over on YouTube there’s a whole back and forth argument about which big cat is tougher - lions or tigers. There’s lots of videos posted of tigers kicking the crap out of lions in Japanese zoos … which I guess is good television over there.
The comments are full of arguments over which cat is tougher, and after you’ve read a few you figure out that the cats are just a...