Thank you for your excellent advice and your well-written newsletters. What is your opinion of the Blackstone Group?

The Blackstone Group LP, $36.61, symbol BX on New York (Shares outstanding: 520.5 million; Market cap: $21.5 billion; www.blackstone.com), is a global alternative asset manager and provider of financial advisory services.

The company’s alternative asset management businesses include managing corporate private equity funds, real estate opportunity… Read More

Banks Still Have Long-term Appeal

All five of Canada’s biggest banks have been exceeding investor expectations since at least the mid-1990s. Investors always worry too much about the impact on the banks of each new ripple in interest rates and business statistics.

Bank profits and loan losses do go through swings,… Read More