Highlights from a speech given by Stephen A. Schwarzman, the Blackstone Group co-founder, at the Alfred E. Smith Memorial Foundation Dinner. In the roast, which was widely circulated on Wall Street, Mr. Schwarzman lampooned, among others, Rupert Murdoch, Brian T. Moynihan and himself.
“It’s such an honor to break bread with all of you tonight,” Mr. Schwarzman said, in one of the lines not included in last week’s highlight reel. “Normally, I’d prefer to raise a fund, identify the bread as undervalued, buy the bread, take it private, then break it.”
Third Point's Dan Loeb discusses their new positions in a letter to investor reviewed by ValueWalk. Stay tuned for more coverage. Loeb notes some new purchases as follows: Third Point’s investment in Grab is an excellent example of our ability to “lifecycle invest” by being a thought and financial partner from growth capital stages to Read More