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di4

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Alias Born 12/16/2006

di4

Re: di4 post# 6

Wednesday, 03/28/2007 3:35:52 PM

Wednesday, March 28, 2007 3:35:52 PM

Post# of 482
"It's the End of the World As We Know It"

The Daily Reckoning

Chateau de Courtomer, Normandy, France

Wednesday, March 28, 2007

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*** The stuff of fable...better than Buffett...

*** Über money shufflers...money and credit, bananas and lovers...

*** More secretive than the Freemasons...the fire alarm works...and more!

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Now, we turn to the news for more details on the fabulous offer by the
Blackstone Group. We say ‘fabulous’ because it is the stuff of fable...a
morality tale telling itself.

The facts: The Blackstone Group is the largest private equity firm in the
world. According to the report in the Financial Times, Blackstone’s assets
have grown from $14 billion to $78 billion in less than six years. That
is, it has multiplied its assets under management more than five times in
six years.

Even more remarkable has been the incredible profitability of the firm.
Its annual rate of return is better than Warren Buffett’s. Since 1987 it
has averaged 23% a year,

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