Skip to content
Archive of entries posted on 12th December 2014

The big opportunity in oil

Last night I dreamed oil hit $20 a barrel. It’s now $60. Buy Blackstone Group (BX). I don’t know how to make money on oil. But Blackstone sure does. Stephen Schwartzman, Blackstone founder and CEO, raised one energy fund of $2.5 billion. It’s returning 44%. He’s raising another one of $4 billion plus. (He didn’t […]