In December of 2023, Apollo Asset Management Co-President Scott Kleinman made a bold statement by going against the market consensus of predicting rate cuts. While many were expecting multiple rate cuts in 2024, Kleinman took a contrarian view and bet against it. Surprisingly, his prediction has been proven right so far, as rates have remained
Investing
Barry Sternlicht, the chairman and CEO of Starwood Capital Group, recently faced backlash over his decision to limit investor withdrawals from his real estate fund. In a recent interview on CNBC’s “Squawk Box,” Sternlicht defended his controversial move, attributing it to the current market conditions and investor behavior. Reasoning Behind the Decision Sternlicht explained that
In today’s unpredictable market conditions, investors often seek out dividend-paying stocks as a means of generating income and providing stability to their portfolio during challenging times. With a vast array of companies offering dividends, the task of selecting the right stocks can be daunting. One approach investors can take is to consider the recommendations of