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Stansberry Digest

The King of Private Equity Changes His Stripes

Steve Schwarzman's pivot at Blackstone... From private equity to private credit... It's all about risk-adjusted returns... Equity-like returns with less risk... Two ways to invest in private credit...


Editor's note: Today, we're sharing a guest essay from Stansberry Asset Management ("SAM") Chief Investment Officer Austin Root...

Many of you might be familiar with Austin, who worked for Stansberry Research from 2017 to 2021, including as editor of our Portfolio Solutions products. He was director of research from 2019 to 2021 before he joined SAM, a U.S. Securities and Exchange Commission-registered investment adviser.

SAM is completely separate from our Stansberry Research publishing business. But it uses our research, plus other sources, to help manage individual client's portfolios.

In today's essay, a follow up to one Austin wrote in September, he discusses one area of the market where investors can

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