Bloomberg Wealth: Barry Sternlicht
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- Опубликовано: 25 июл 2023
- Barry Sternlicht, the billionaire investor who built a reputation as a bargain hunter in financially turbulent times, is readying his next bets. The Starwood Capital Group chairman scooped up distressed assets in the aftermath of the US savings and loan collapse and later in the Great Financial Crisis. He's eyeing opportunities again, as the sharp increase in interest rates deflates commercial real estate values. This interview of "Bloomberg Wealth with David Rubenstein" was recorded June 28th in New York.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usuallv carried out by investment experts or advisors with experience since the 08' crash
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.
this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy
"Lisa Angelique Abel" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Mme Florence est légitime et sa méthode fonctionne comme par magie Je continue à gagner chaque semaine avec sa nouvelle stratégie.
Wow, je suis juste choqué que quelqu'un ait mentionné que l'experte Mme Florence pensait que je suis le seul à commercer avec elle.
Elle m'a aidé à récupérer ce que j'ai perdu en essayant de m'échanger.
Je pense que je suis béni parce que sinon je n'aurais pas rencontré quelqu'un d'aussi spectaculaire que l'experte Mme Florence
Je pense qu'elle est le meilleur courtier que j'ai jamais vu.
Je viens de France, j'avais l'habitude de contracter un prêt auprès de la banque pour survivre, mais après avoir échangé avec l'experte Mme Florence, elle a changé ma situation financière pour de vrai🇫🇷.
Une amie que je lui ai référée vient de recevoir 7 050 $ de profit après 10 jours d'investissement... Je suis devenue jalouse... lol.
Finance and Business books have been so helpful. I’m 55 and my wife 50 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly.
You have done great for yourselves. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success.
Heard many good recommendations about Stephanie Kopp Meeks by some YT channels, Seminars and other platforms
Thanks so much I was able to find her page and I already leave her a message.
The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires, I'm surprised you know her too . Stephanie is Good!
I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there will always be depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.
The market has gone berserk! regardless of experience level, everyone needs a sort of coach at some point to thrive forward.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember a couple of summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
How can I contact your coach as my portfolio is dwindling?
Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where you can find her deets.
Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing
My honest advise to new investors ,buy and hold quality stocks. Ignore market forecasts and opinions, they're mostly entertaining but not very helpful.
Achieving significant returns isn't about volatile stocks; it's about effectively balancing risk and reward. Proper position sizing and leveraging your advantage repeatedly are essential, whether you're a long-term investor or a day trader.
Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.
Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.
The person I work with is *Jude Ryan McDonough* "". He's proven really proficient for me, to be honest. You could look him up yourself if you want.
The Adviser I'm in touch with is *'Jude Ryan McDonough'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on.
Mr. Rubenstein: you are a great reporter because you allow the other person to talk. And, what gives you credibility is that you’re equally as successful to them. They have to talk with you (not at you) and that makes for a pleasurable discussion.
At the very least, I now grasp the concept of leverage.
Creating
Most people simply enter the foreign exchange market without comprehending matters like this.
The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency.
And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
You are correct! Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette " earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.
Yeah, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience
لا ل۳.ا😮 يرى بي۲۹ر😅س
My growth of 401k is 2.74% in the past year. In this environment does investing under a brokerage with a custodian outperform a 401k? should I seek a pro to grow my funds on brokerage acct or still hold? I have 5 years to retirement. Happy to discuss.
Mine was 8.16%, I used to dca into etfs but I reconsidered the strategy since I am still way behind after the massive downturn since Jan last year
Be careful not to be lured into the market too soon, this current situation has really opened my eyes to the importance of a good mentor on RUclips or elsewhere knowing what he/she is doing .
the size of your retirement portfolio will overwhelmingly be a function of the performance of the stock and bond markets between now and when you start withdrawing from it.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager for awhile now netted 370thousand this downturn, made it clear there's more to the markets than we average joes know.
@@ClaudiaRom who is this manager you use? I lost over 50000 already this year on Vanguard. Im in need of guidance from a financial-planner going forward.
*I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.*
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of *$500k* in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
The adviser I'm in touch with is *'Donald Nathan Scott'* He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. After the pandemic, things became extremely difficult, which is precisely when I sought a Financial advisor. I've been investing with the help of my FA for nearly a year and have built up a stagnant reserve of $280K to $570K in just over 11 months.
My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
I'm concerned about the future and where we're all going, particularly in terms of money and how to get by. I'm thinking about making my first investment, but how can I do so when the market has been in shambles for the majority of the year? Who is your FA?
My Financial adviser is Joseph Sylvan Anderson, he’s highly qualified and experienced in the financial market. he has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I'm glad I came across this today because I'm writing to Joseph Sylvan Anderson right now. I sincerely hope he can assist me.
I received assistance from Sir Joseph Sylvan Anderson, and I profited handsomely from my investment. But in the end, it all comes down to how much money you invest. You might be able to earn more if you have a sizable start-up budget.
yes agreed nice building attract people. However, the US is designed around commute, Americans are tired of 45 minute drive commute to work. This is a major factor for working from home.
they are all talking shit on the WFH point, so funny he said it’s only a US issue when australia is extremely WFH and so is england
The work from home phenomenon is definitely not a US only issue. Speaking as a London resident.
Same as New Zealand. It's very well established here. Suits the culture of New Zealanders too who tend to value family and life more than work!
This guy has been lobbying for a government bailout now for at least a year! “ this is going to be really bad government! You better do something or me and my thieving friends are going to lose a lot of money “ mfer please
That's really how he started his firm. He bought assets from the RTC, which was a government agency at a massive discount. He's always been in bed with the government. It's ridiculous
Always a learning experience. David, himself, has an amazing story. Glad so many people give of their time to be interviewed. Thank you.
I've never heard Barry speak but everybody needs to pay attention to the first few minutes of this. He absolutely nails the current problem with the US economy. Monetary policy is trying to bandage ridiculously excessive fiscal policy.
No I'm paying attention to the part where he wished for a recession because people don't want to drive into the office.
It's fucking weird how this comments section is full of praise for this evil demagogue.
I love these rich guys that come from money, make millions off RTC, get free finance, then moan when they didn't lock in fixed rates. Then they blame the Fed. Does he complain when inflation drives his assets through the roof, thank you Fed, then sells the inflated assets off?. He just defaulted on a $200 million mortgage. (DR is the best interviewer. He's polite but hits you right between the eyes with his questions. NO BS.)
Exactly. I noticed that almost all these real estate billionaires started their companies in the 1980s and they bought assets from the RTC AKA the US government at a massive discount. Sernlicht, Sam Zell, Steve Schwarzman etc all began in the 80s. It's ridiculous. Now they're crying because they may sell their assets at a massive discount 😂😂
Aww, poor billionaire baby can’t find a housekeeper willing to work for only $15/hr.
Always a joy to watch these interviews, a matter of fact because of David, I started them on a smaller scale on my channel.. SO MANY INSIGHTS to gather! I also agree in that we are in the midst of a FED induced tornado!
I love these interviews. They are short and informative. Serious conversation with DR's touch of humor. 👌
Sternlicht oozes arrogance
Couldn’t disagree more. He comes across as confident and articulate. He is evidently successful. Well done to him
@@azppardi Hows your throat and knees feeling
@@donlalo2002 not as sore as your aris
Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies? my portfolio has been stagnant for months.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist. Apple, Merck, General Dynamics, Cheniere Energy and Marriott International are prime candidates.
@@SilviaRave_ Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@kelbenjamin that's impressive!, I could really use the expertise of this advisor, my portfolio has been down bad... who’s the person guiding you?
@@GlenD.Vanherck-oc1 credits go out to Eric Thomas Witt, one of the best portfolio managers out there. he;s well known, you should look him up on google.
@@kelbenjamin Thank you for this amazing tip. I just looked the name up, wrote him explaining my financial market goals and scheduled a call.
Thank you Mr. Robenstein for your brilliant interviews.
14:32 what is he talking about, I've worked in offices in Zurich Paris Tel Aviv and London in the last year, no one is coming in on Mondays and most of the desks are also empty mid week.. either his talking his book or his delusional
talking his book. Trust me.
Long overdue finally Mr. Sternlicht
He didn't fully answer most direct questions you asked him, but I still really enjoyed the interview. He definitely belongs in politics
Yeah, I agree!
To summarize it for you: he came from money, bought assets in the 80s from the RTC aka the US government at a massive discount, and enjoyed cheap financing from the fed and banks. Now all that has stopped. Interest rates have skyrocketed, his assets like offices are plunging because of no demand and many workers prefer to stay at home, not go to the office. He doesn't like that and believes fed is the culprit 😂😂
@@Stoneface_perfect summary. Born and raised in posh posh Long Island and Connecticut went to school in brown but insisted that he went to a public high school.
Thank you, David!
Great interview, thanks so much for using your time to do this.
Thank you very much for your shows Mr. Rubenstein. You interview people I had previously only ever read about in the media.
Always enjoy watching Ruby
Great interview...In Barry I trust.
one of the best interviews!
Barry is THEE MAN !
Brilliant ! Love his view, focus and intelligence!
Mr. Rubinstein has the best interviews / show !
He's lying. WFH isn't a "US phenomenon", but global. It just economically makes sense. There are many benefits of WFH. Working from home offers greater flexibility and autonomy, allowing employees to create a personalized and comfortable work environment that enhances productivity. Also, the elimination of daily commutes results in reduced stress, more time for personal pursuits, and a positive impact on the environment. Great video though 👍🏾
He's talking his book, he has a vested interest in commercial RE markets. He may have a point but he's also hugely talking his book.
I remember when Starwood bought Hotel du Louvre in 2005. At the time I was impressed because Starwood paid a significant amount of money for an old hotel. But they had a vision, they just knew that it was a fantastic asset.
I was waiting for this!
Great insight!
Экономическая ситуация рассказана простыми понятными словами.... 👍
Thanks David and Barry. This was a lot of good information and gave us a ton motivation. We are on our way to 1000 rental units.
1000 rentals is wild. Congrats bro. You've made it 👍🏾
@@Stoneface_ Slow and steady!
@@FinancialFreedomLifestyleabsolutely. Just subscribed to your channel. I own one property but started around a year ago 😂
@@Stoneface_ Thanks for that. It all starts with one and you build from there. Stay focused on the goal.
Excellent interview
I think we love watching these interviews because we have too many dumb people around us in real life, but these people look super smart and intelligent. That gives us pure hope.
This Barry guy isn't smart. He's whining about not getting loans for free anymore since FED raised rates. Free money from the GFC days killed price discovery, so now, with new rate hikes, these dudes can't make the cap rates above today's (8/2023) 8% loan rate. Barry can't make his math work in an above zero interest rate environment. It's tough, but CRE bubbles are rinse and repeat stories. Barry's a big boy, so I don't understand why he's whining so much on CNBC and Bloomberg. He may be laying down track to run for public office.
What companies do you think will fair better during the recession we're headed towards? note: Workers overwhelmingly prefer remote work. Companies haven't seen a dramatic decrease in productivity (in many cases they have seen an increase).
Company A: Requires employees to be on-site. Spends 10-15% of revenue on office space. Can only acquire talent in a specific region.
Company B: Remote first culture. Spends 0% of revenue on office space. Has access to global talent pool.
I'll let you be the judge.
Stop investing in commercial real estate until they start repurpose these spaces.
Company B all day. Remote work is here to stay
Some great companies at some great, all time low prices even in GBP, over here on the London Stock Exchange David and Barry!!
Great interview!!!!
I love when he said he couldn't find housekeepers, but what he meant was he can't find the people they traditionally hire as housekeepers. Corporate America is throwing people away like trash and they are literally ending up on the streets.
Corporate executives are taking money away from them, putting it in their pockets and they’re now homeless
Corporate America? That is a profoundly ignorant statement. Why don’t you go live in China? And see how you get treated !! Corporate China! Pick any country and go! Nobody owes anyone a job dude!
What is Co confidence?
this guy is so rich, creepy view of his ways of manouvering that innening personality.
ESG compliant?
Selling my winners too early - great advice!
Its generic advice that has been around since forever. Nobody talks about when to sell because they don't actually know.
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
I loveeeeeee the W thank you Barry🎉
The older folks don't seem to get that remote work is the way forward. If the work can be done remotely, then it will be done remotely.
what if they lower the rate before the credit crunch?
Interest rates are not coming down... The dollar will continue to inflate as the US dollar becomes less and less used... That reduction in use around the world is the Gorilla Inflation Structurally in the system... It is there, it is growing, it is not going away. The low interest rate real estate game is not going to be the game moving forward... Yes real estate will remain a store of value, but the luster will no longer exist compared to the past 20 years of extreme excess in the real estate market.
“But the biggest in the world based on cash flow” 😂😂
This video does not age well on social media 😂
Lol why not?
Ujang rohmat.
We are paying them $15 an hour… where are they? 😅
Billionaire Barry is swimming naked
The gentleman is a permanent low interest man is a real state investor
😮
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Cybersecurity for executives
Whats with the annoying music through the interview
everone one can benefit
14:40 is where the evil bastard says the line about recessions being nice, with context.
He's a disgusting asshole who has no morals. No wonder he's divorced. He can't even keep a marriage working.
He was wrong. There are two type of forecasters, those who know. And those who know that they don’t know. Be the later.
1 hour commute to office = 1 hour i worked. Or pay us enough to live close to office!
13:39 what a load of absolute bullshit 😂
This guys is an excellent liar. Of course everything will be alright, he can't freak out his investors by telling them the truth. And he doesn't even realize he's in the rentier class causing the problem, any more than a goldfish knows its in water. What a jerk on all counts.
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Don’t buy his projection on commercial it’s a false reality there’s some hurt on the horizon he’s hurting but speaking roses
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What kind of accent is in this channel
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He might be rich, but he looks like he's had a face transplant...
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I'm going to mountain view
$32 trillion of debt, not deficit, yet :)
WHY IS EVERY SINGLE COMMENT A SCAM BOT
Why would Rubenstein assume he’s a Democrat?
Libing abinader entregue toda pertenensia casa blanca buena mañana toda
Barry isn't smart as I once thought. He's whining about not getting loans for free anymore since FED raised rates, it's so self serving. Free money from the GFC days killed price discovery, so now, with new rate hikes, these dudes can't make the cap rates above today's (8/2023) 8% loan rate. Barry can't make his math work in an above zero interest rate environment. It's tough, but CRE bubbles are rinse and repeat stories. Barry's a big boy, so I don't understand why he's whining so much on CNBC and Bloomberg.
I'm Saturn your Mars bloomberg
🇹🇹⌚👞👔💼nice🥂.
I have visions and I have no parents
David Rubenstein: Stealer of pensions, Manor Care destruction of care for the elderly. His primary skill: manipulation of the bankruptcy process.