NoDerog Introduction If you ever played Monopoly, you probably know there's a point in the game where you know it's game over. Once someone has bought enough hotels, it's over for the others. The moment someone has enough cash flow, they become invincible, capable of withstanding any "rent" charges, and able to buy any property that's for sale.
Although the real world is very different from the Monopoly game, it feels like the Blackstone Inc. ( NYSE: BX ) figured out how to get ahead many years ago, as it has turned into the largest private equity company in the world. Its CEO, Steven Schwarzman, took home roughly $900 million last year and is one of the most important guests on business TV.
The same goes for Jon Gray, Chief Operating Officer of the Blackstone. Whenever one of them makes public comments, people listen. I cannot even count the number of articles of mine that include quotes from Jon Gray, who often has great real estate intel.
On top of that, the Blackstone stock has been a great source of capital gains and income. Currently yielding 2.4%, the giant has returned roughly 570% over the past ten years, crushing the S&P 500 by almost 340 points! Data by YCharts As the company just released its earnings, I'll use this article to assess the risk/reward for the BX ticker and explain what this giant sees in the market and economy.
After all, even for people who have no BX stock (like myself), intel from BX is highly valuable for any investment purpose. So, let's dive i.