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Search resuls for: "Byron Wien"


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At age 80, Byron Wien compiled “20 Life Lessons” from a long career as a Wall Street soothsayer. “If you work forever, you can live forever,’’ he explained. “I know there is an abundance of biological evidence against this theory, but I’m going with it anyway.”Mr. Wien (pronounced ween) didn’t outrun biology. But when he died on Oct. 25, at 90, he was still engrossed daily in reading the economic tea leaves for his most recent employer, the private equity firm Blackstone. He continued to call politicians, central bankers and financial titans around the world for intelligence to help shape his strategic reports for his firm.
Persons: Byron Wien, , , ’ ’, Mr, Blackstone, weren’t, Joan Solotar, Wien’s, Byron Organizations: titans, Blackstone
CNBC's Jim Cramer on Friday remembered Byron Wien, a famed investor known for his annual "Ten Surprises" list that was considered an essential read by many on Wall Street. "He was an optimist, always on the lookout for new ideas and the young people who believed in them." Cramer said he always pored over Wien's "Ten Surprises" list, which was published for 38 consecutive years. To Cramer, some of Wien's ideas may have been "outlandish," but he said they always made him think. In the late 1980s at a dinner of managers hosted by Wien, Cramer recalled pitching a story about personal computers becoming as powerful as mainframes, thanks to new chips made by Intel .
Persons: CNBC's Jim Cramer, Byron Wien, Morgan Stanley, Byron, Cramer, Wien, he'd, Byron Wiens Organizations: Wien, Blackstone, optimist, Intel
Jim Cramer looks back at the life of BlackRock's Byron Wien
  + stars: | 2023-10-27 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer looks back at the life of BlackRock's Byron Wien'Mad Money' host Jim Cramer looks back at the life and legacy of BlackRock's Byron Wien.
Persons: Jim Cramer, BlackRock's Byron Wien
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhen Byron Wien's list came out I would ponder it for hours, says Jim Cramer'Mad Money' host Jim Cramer looks back at the life and legacy of BlackRock's Byron Wien.
Persons: Byron Wien's, Jim Cramer, BlackRock's Byron Wien
Byron Wien had joined Blackstone’s quarterly partners meeting last week. Photo: Christopher Goodney/Bloomberg NewsByron Wien, the longtime Blackstone executive known for his market prognostications and intense networking, died at 90 on Wednesday. Wien, who developed a wide following with his annual “Ten Surprises” list, was vice chairman of the private wealth group at Blackstone, which he joined 14 years ago. For decades, his lists detailed economic, political and financial market surprises he expected to see in the year ahead. He produced the 38th edition last January.
Persons: Byron Wien, Christopher Goodney Organizations: Bloomberg, Blackstone
Byron Wien, Vice Chairman of Private Wealth Solutions group, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 13, 2018. Wien built his wide following on Wall Street during two decades at investment bank Morgan Stanley (MS.N) where he rose to be the firm's chief investment strategist of the United States. Soon after, at age 76, when most people were enjoying retirement, Wien joined private equity firm Blackstone to offer direction and guidance. "My wife hopes I give this up as soon as possible," Wien told the New York Times about writing it. He told the New York Times in 1985 "I'm not sure I can do this job," about the strategist role at Morgan Stanley.
Persons: Byron Wien, Brendan McDermid, Wien, Morgan Stanley, Blackstone, Steve Schwarzman, Jon Gray, I'm, Svea Herbst, Bayliss, Chris Reese Organizations: Wealth Solutions, Reuters, REUTERS, Blackstone Inc, Wien, Pequot Capital Management, Blackstone, U.S, New York Times, Harvard, Svea, Thomson Locations: New York, U.S, United States, China, Wien
Remembering Blackstone's Byron Wien
  + stars: | 2023-10-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemembering Blackstone's Byron WienCNBC contributor and Blackstone Private Wealth Solutions vice chairman, Byron Wien has passed away.
Persons: Blackstone's Byron, Byron Wien Organizations: CNBC, Blackstone, Wealth Solutions
Investor Byron Wien of Blackstone dies at 90
  + stars: | 2023-10-26 | by ( Michele Luhn | ) www.cnbc.com   time to read: 1 min
Byron Wien, noted investor whose annual "Ten Surprises" list became required reading on Wall Street, has died at age 90. His death was reported by Blackstone, where he spent the past 14 years, and was most recently vice chairman of its private wealth solutions business. Wien published his "Ten Surprises" list for 38 consecutive years, which was considered a must-read by many on Wall Street. In his most recent list, he predicted a bottom for financial markets would arrive by mid-2023, followed by a drastic rebound. He started the list tradition in 1986 when he was the chief U.S. investment strategist at Morgan Stanley.
Persons: Byron Wien, Blackstone, Wien, Morgan Stanley
The Wall Street veteran published his much anticipated annual surprises list Wednesday. Wien started the tradition in 1986 when he was the chief U.S. investment strategist at Morgan Stanley, and his list of surprises became a must-read on Wall Street. "Despite Fed tightening, the market reaches a bottom by mid-year and begins a recovery comparable to 2009," Wien said. Wien thinks that, while the Fed is successful in dampening inflation, it "over-stays" its time in restrictive territory. Meanwhile, Wien thinks that China will edge toward its growth objective of 5.5% and work aggressively to re-establish strong trade relationships with the West.
Private-equity giants Blackstone and Apollo released their holiday-themed videos on Thursday. In Apollo's, employees are chefs and cook up a holiday meal for the firm at the CEO's request. So it goes in the world of private-equity firms' holiday videos, where straight-laced investors and billionaire chief executives get very into their starring roles and the jokes are a little on the nose. The secret thing that makes Blackstone, Blackstone," he responds. Finally, as he puts on a Santa hat, Blackstone CEO Steve Schwarzman says the secret is the great people they hire.
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