We know that the economy has been just fine for publicly traded companies. Second-quarter earnings for the S&P 500 companies were about about 8.4%.
What’s interesting is that profits have been even better for private companies, and not just the small start-ups that are beginning at zero and therefore have spectacular-looking growth rates. Brian Hamilton, CEO of corporate-research firm Sageworks, visited the MoneyBeat show this morning with a look at the numbers.
Public-Company Profits vs Private-Company Profits
Notes From Schwarzman, Sternlicht, Robert Smith, Mary Callahan Erdoes, Joseph Tsai And Much More From The 2020 Delivering Alpha Conference
The following are rough notes of Stephen Schwarzman, Steve Mnuchin, and Barry Sternlicht's interview from our coverage of the 2020 CNBC Institutional Investor Delivering Alpha Conference. We are posting much more over the next few hours stay tuned. Q2 2020 hedge fund letters, conferences and more One of the most influential investor conferences every year, Read More