Blackstone’s Investors Want Their Money Back!

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If you're wondering why his usual sarcasm is more subtle than usual: this is the type of firm that would definitely sue him.

Hold up. So I can take peoples' money, tell them I invested it, asses that the investment value went up CHARGE THEM A FEE, and then prevent them from withdrawing the money! This is amazing!

Patrick Boyle is a master. Each of his videos are pure gold…

I hope someone at APRA in Australia sees this. We are rapidly putting an entire nation's pension savings into off-market securities. Magically, they outperform.

Patrick has mastered finance and Dry humour. I look forward to his videos each week.

dropped dead laughing at the thought of driving to every property in the portfolio

Having stumbled upon this it reminds me of the mortgage crisis when a police officer making $60,000 a year was given a loan with no money down for a 2.5 million dollar home and his mortgage was rated A. Must have been a magical mortgage. Comparable real estate dropping 27-32 % but theirs is up 9% . They must be investing in magical real-estate. I wonder if those in charge have a way to get out before the rush to the bottom.

As someone who recently went into real estate investing, this has been my worst year so far. I lost a lot, including other peoples money. Never going into it again!

in love with the “now yous cant leave”

remember when the older generations were insisting to the millennials and Gen Z'ers that housing was absolutely, definitely not in a bubble?

Took me 5 minutes to realise it's about blackstone and not BlackRock I was so confused

Always look forward to Patrick's new episodes. This one didn't disappoint. The "Fargo" clip in reference to ARKK was priceless!

the Fargo woodchipper reference (about ARK fund) was so freaking hilarious

I am taking the CFA L1 in February and I was up late last night studying the ‘Alternative Investments’ reading. This is a 1:1 real world application of everything I learned. It’s so helpful to learn real world applications on these topics. I bought all 3 of your books and will be reading 2/3 next month to drill down on these concepts. Thank you for your free course in finance. It’s a true pleasure to watch every single video.

Patrick, this is one of your best snarky sarcastic expositions so far! LOVED it!

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The scene for the Ark innovation fund was priceless; as is your video. Thank you.

What's also concerning is the high exposure that pension funds have to private equity. The average teacher and firefighter has no clue that their future pension payments are becoming increasingly reliant on these "less volatile" and "uncorrelated" assets.

The illiquid investment strategy is basically what I use. I own shares of an index fund I could sell at every moment, but I chose to only check every few months. Otherwise I would go crazy at every big drop