Byron Wien, the vice chairman of private-equity giant Blackstone, has been making his list of ten surprises for 37 years. Previously the chief U.S. investment strategist at Morgan Stanley, Wien has been with Blackstone since 2009.
These days Wien makes his “surprise” predictions with Joe Zidle, chief investment strategist in Blackstone’s private wealth solutions. Surprise is defined here as an event with a better than 50% likelihood of happening but that an average investor would assign a one in three possibility.
While the pair have published their list of 2022 surprises, it might be more informative to review last year’s surprises.
- “Former President Trump starts his own television network and also plans his 2024 campaign.” He certainly seems to be gearing up for a 2024 run. As for the TV network, there’s none in existence…