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Author: weatherman   😊 😞
Number: of 48447 
Subject: cult investing
Date: 01/18/2024 4:39 PM
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No. of Recommendations: 2
[x-posted from brookfield board]

ok, this may be the beginning of retail flows into alternatives, as tony robbins has a PE book that is a 4.5star amazon best seller !

blurb : ....Robbins, and renowned investor Christopher Zook, takes you on a journey to interview a dozen of the world’s most successful investors in private equity, private credit, private real estate, and venture capital...

although touted as global, tony is predictably most popular in the wealthiest nation.
for shrewds familiar with the popular atheist board, you may be aware that ~30% of america seems 'cult-susceptible'. some of that ~30% will be the UHNW (ultra-high net worth) easiest pickings for talented salesmen at the major alts.
(like tony, nothing is science here)



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Author: WatchingTheHerd HONORARY
SHREWD
  😊 😞

Number: of 48447 
Subject: Re: cult investing
Date: 01/18/2024 5:04 PM
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No. of Recommendations: 3
you may be aware that ~30% of america seems 'cult-susceptible'. some of that ~30% will be the UHNW (ultra-high net worth) easiest pickings for talented salesmen at the major alts.

---------------------

Just more proof of the idea famously expressed in Citizen Kane:

Well, it's no trick to make a lot of money if all you want is to make a lot of money.

Possession of any amount of wealth is not proof of possession of any common sense, ethics or morals. If you're gonna be a fraudster, you might as well adopt the Willie Sutton strategy and go after victims with more of what you're targeting.


WTH
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Author: Boater   😊 😞
Number: of 48447 
Subject: Re: cult investing
Date: 01/18/2024 5:16 PM
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" you may be aware that ~30% of america seems 'cult-susceptible'. some of that ~30% will be the UHNW (ultra-high net worth) easiest pickings for talented salesmen at the major alts.'

Yes, that is about the percent of polled folks who think that America is on the right track versus the other 70 ish percent who know better.
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Author: weatherman   😊 😞
Number: of 48447 
Subject: Re: cult investing
Date: 01/18/2024 7:38 PM
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No. of Recommendations: 1
the eventual slowdown of institutional allocation to alternatives has already started, and they all realize that retail is the next frontier to have any growth.

capitalism dictates excess profits are competed away, and so it is not unsurpising that kkr,apollo, etc... may want in on some culture-based MAGA grift. (and even offer superior assets relative to DWAC, NFTs, etc...)

facebook sells data on who is reading foxnews articles and clicking to buy tony robbins' book, so maybe the analytics are on to a decent list of UHNW easy targets for the alts. (rowan, kravis, flatt...just cant publicize any facts supporting they are [many orders of magnitude] better businessmen than trump)


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