Thread: Blackstone CEO
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Joeaksa Joeaksa is offline
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Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
Glad to help. He hired the best tax people and consultants available.

These people are available to you and me, for a fee anytime we need them. They use the same tax laws that you and I use every year to do our taxes.

Will let you on a small secret. I own part of a wildcat oil well. My Father and I bought 3% of one way back in 1977 or so. Cost us $1700 each, which would have bought half of a pretty nice 911 at that time.

We took a chance and two of the three wells we put money in on were dry. The third hit paydirt, getting both oil and natural gas. We paid back our original investment in 18 months, then the rest was profit, month after month.

I have gotten a royality check every month for the last 35 years from this and every year I have as well gotten a very nice tax break on my entire tax bill because I was investing in the energy industry here in America. In the end the savings were 10,000 times what I ever put into the oil well.

Those who take a chance may win. They also may lose, and thats the chance we take when investing in something risky. The CEO of Blackstone won and won big and he deserves every penny and more. When people like you and the starter of this thread post silly things about someone like this it really shows a lot more about you than the gent who worked his assets off to get rich.
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Old 06-22-2007, 07:50 PM
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