Search
Friday Sep 5 2008
All times are London time
All times are London time
The 6am cut - Alphaville by email
Most Popular Posts
- Hedge fund Tuesday
- What killed the Ospraie?
- Draaisma: "We're in the dull phase"
- Further reading
- Further reading
- Cheap or spicy? - the polarisation in asset management
- Bank run
- Fear not, City of London
- The Chinese don't like Frannie...
- Perhaps the BOE has been watching too many American cop shows
- Show more...
- Show less...
Blogs we're reading
- 1440 Wall Street
- Abnormal Returns
- Alea
- All About Alpha
- Arbitrage View
- Bespoke Investment Group
- Big Picture
- Brad Setser: Follow the money
- Bronte Capital
- Calculated Risk
- Capital Chronicle
- Capitalist Resistance
- Credit Writedowns
- Crossing Wall Street
- Deal Journal
- Dealbook
- Dealbreaker
- Deus Ex Macchiato
- Felix Salmon
- Financial Armageddon
- Financial Crookery
- Fintag
- Free Exchange
- Infectious Greed
- Information Arbritrage
- Intelligent Mergers
- Interactive Investor
- Jeff Matthews
- Marketbeat
- Naked Capitalism
- Naked Shorts
- Nouriel Roubini
- Paul Wilmott
- Practical Risk Management
- Random Roger
- Reuters DealZone
- Robert Peston
- Short Stories
- Sudden Debt
- The Aleph blog
- The Epicurean Dealmaker
- The Oil Drum
- The price of everything
- Ultimi Barbarorum
- Wallstrip
Classified Jobs
- Director of Finance and Corporate Services
- Recruiter: NSPCC
- Head of Operational Rigour
- Recruiter: Barclaycard International
- Head of Customer Service - Savings
- Recruiter: Nationwide Building Society
- Business Analyst
- Recruiter: Credit Suisse
- Head of Finance
- Recruiter: ESCP-EAP
- Group Chief Accountant
- Recruiter: Misys
- Lead Economist, Development Research Department
- Recruiter: African Development Bank
- Finance Manager
- Recruiter: London 2012
Site Navigation
Principal content
AllianceBernstein allianz atticus babcock & brown bank of england blackstone british energy CALSTRS carlyle china development bank china merchants bank China Netcom commerzbank corus Dresdner Bank ecb edf informa invesco Lehman Brothers M&G natixis providence RAB Spinco Tata Group tata steel telefonica Wing Lung Bank
Wolfe: “The end of capitalism as we know it”
We’re not the only ones feeling slightly unwell as Blackstone gets away on the public markets. Our general nausea has now been worsened by vertigo - shares in the buyout group jumped 17.5 per cent to $36.45 after trading began in New York, with some early dealings going through at $45.
But shortly before shares in the private equity firm began trading, Tom Wolfe, author of Bonfire of the Vanities and more recently, magazine commentator on the world of hedge funds, appeared on the NYSE trading floor.
His verdict?
We “may be witnessing the end of capitalism as we know it.”
- Advertise with the FT
- Press enquiries
- Student offers
- FT Conferences
- FT Research Centre
- Corporate subscriptions
- FT Group
- Partner sites: Chinese FT.com
- Les Echos
- FT Deutschland
- Expansion
- © Copyright The Financial Times Ltd 2007. "FT" and "Financial Times" are trademarks of The Financial Times Ltd. Privacy policy
- Terms
Comments
This post is closed to comments.