Wednesday, March 21, 2007

Bloomberg's Matthew Lynn: If Blackstone is Selling, Why are You Buying?

An excellent article on Bloomberg this morning, reminding us that the Fortress and Blackstone boards aren't stupid.

Yet if Blackstone, Fortress and other alternative- investment managers are selling their shares, should you be buying?

Probably not.

The managers of those firms are better at calling the top of the market than most of us. The rush of share sales suggests the boom in alternative investments may be ending.

(h/t Wall $treet Folly)

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