Index Investing News
Saturday, May 24, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Visionary Investor Byron Wien Dies at 90

by Index Investing News
October 27, 2023
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Byron Wien served as Blackstone’s vice chairman of Private Wealth Solutions for 14 years. Image via screenshot from a Blackstone video, courtesy of Blackstone.

Byron Wien, vice chairman of Blackstone’s Private Wealth Solutions group and prominent Wall Street influencer, passed away on Wednesday, Oct. 25, at the age of 90. Many followed Wein’s wisdom, especially through his annual ‘Ten Surprises’ list and his ’20 Life Lessons’, which helped forge investors’ strategies and cultivate a collaborative business environment.

Wien helped guide Blackstone’s investment strategy for 14 years. He played a critical role in growing the company’s private wealth solutions business by sharing his market and macroeconomic observations and by drawing in clients with his deep insight.

“I am personally so grateful to have worked with Byron for so many years. He stretched my thinking about what was going on in the wider world and inspired me to live a life of endless learning, deep friendships and great generosity, which is how he lived his life,” Global Head of Blackstone Private Wealth Solutions Joan Solotar, said in a statement.

Byron Wien became an orphan at 14 and had to start working at 15. In an interview with Solotar from earlier this year, he said that this formative experience has shaped his independent nature. Wien graduated from Harvard Business School with distinction. After several other jobs, he had a 21-year career at Morgan Stanley, as chief U.S. investment strategist.

Market mover

During his tenure at Morgan Stanley, Wien started his ‘Ten Surprises’ tradition, in 1986. This was a list of views and predictions that he made about the economy, financial markets and politics. He defined a surprise as an event which the average investor would only assign a one out of three chances of taking place, but which Wien believed was probable.

His forecasts about the economy, politics and societal trends became widely read and shaped many investment strategies over the 38 years in which he published the lists. In 1995, Wien co-authored a book with legendary investor and philanthropist George Soros, called Soros on Soros – Staying Ahead of the Curve.

In 1998, Wien was named the most widely read analyst on Wall Street by First Call (now Thomson ONE Analytics). In 2000, he was ranked the number one strategist by SmartMoney.com, and in 2004, he was named to the 2004 Smart Money Power 30 list of Wall Street’s most influential investors, thinkers, enforcers, policy makers and market movers, in the “Thinker” category. In 2006, New York Magazine named Wien as one of Wall Street’s most influential people of all time.

“Byron’s legacy will be among the most consequential of all financial figures across Wall Street,” said Todd Myers, Private Wealth Solutions COO, in a video about Wien. “It’s the longevity of Byron’s career, it’s the decades’ worth of loyalty that his fans have for him—that is unparalleled in most instances,” Myers added.

Cultivating a network

One of Wien’s core pieces of advice was to always treat a new acquaintance as a potential friend. This attitude helped him cultivate a wide network of like-minded individuals, mentors and mentees. He encouraged people to collaborate and share their experiences with each other, learn as much as possible and always read.

“You should cheer other people’s successes because they don’t deprive you of opportunity. In fact, other people’s successes may make greater opportunity for you,” Wien said in an interview earlier this year.

At Blackstone, Byron Wien is succeeded by Joseph Zidle, chief investment strategist & senior managing director at the company’s private wealth solutions business. Zidle joined Wien in 2018 in co-authoring the 10 surprises list.



Source link

Tags: ByronDiesInvestorVisionaryWien
ShareTweetShareShare
Previous Post

Bitcoin and Ether Options Activity Hits $20B

Next Post

Two US Senators Urge DoJ To Take ”Swift Action” Against Binance And Tether For Aiding Hamas

Related Posts

Magnificent Spanish Mediterranean Property within the Coronary heart of Denver

Magnificent Spanish Mediterranean Property within the Coronary heart of Denver

by Index Investing News
May 24, 2025
0

6 Ivy Lane, within the Outdated Crestmoor neighborhood, is well recognizable by its iconic blue tile roof and Spanish Mediterranean...

New-home gross sales climb practically 11%, however figures could also be ‘overestimated’

New-home gross sales climb practically 11%, however figures could also be ‘overestimated’

by Index Investing News
May 23, 2025
0

Gross sales of newly constructed single-family houses rose in April, pointing to continued purchaser engagement through the spring homebuying season,...

Goodyear to Promote A part of Chemical Enterprise for 0M

Goodyear to Promote A part of Chemical Enterprise for $650M

by Index Investing News
May 24, 2025
0

This 640,000-square-foot property situated in Akron, Ohio, serves as Goodyear’s headquarters. Picture courtesy of Goodyear Goodyear will promote nearly all...

Seattle’s solely homeless RV car parking zone makes approach for pickleball advanced

Seattle’s solely homeless RV car parking zone makes approach for pickleball advanced

by Index Investing News
May 23, 2025
0

The Seattle Instances’ Venture Homeless is supported by Campion Basis, Raikes Basis and Seattle Basis. The Seattle Instances maintains editorial...

Seattle Metropolis Council advances on controversial ethics invoice

Seattle Metropolis Council advances on controversial ethics invoice

by Index Investing News
May 24, 2025
0

A Seattle Metropolis Council committee voted 2-0 Thursday, with three abstentions, on a controversial revision to town’s ethics code, permitting...

Next Post
Two US Senators Urge DoJ To Take ”Swift Action” Against Binance And Tether For Aiding Hamas

Two US Senators Urge DoJ To Take ''Swift Action'' Against Binance And Tether For Aiding Hamas

Even Narayana Murthy isn’t always on point: youth must work smarter, not longer

Even Narayana Murthy isn't always on point: youth must work smarter, not longer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Has Inflation Peaked? – The Large Image

Has Inflation Peaked? – The Large Image

May 26, 2022
Time Bandits cancelled by Apple TV+ after only one season

Time Bandits cancelled by Apple TV+ after only one season

September 17, 2024
Three Months After a Generational Storm, Here is How Asheville’s Market is Recovering

Three Months After a Generational Storm, Here is How Asheville’s Market is Recovering

January 14, 2025
Rebranding the Commerce Deficit – Econlib

Rebranding the Commerce Deficit – Econlib

April 15, 2025
Falling French inflation sparks hope of end to Europe’s price surge

Falling French inflation sparks hope of end to Europe’s price surge

January 4, 2023
Mark Perry’s Heroic Lone-Wolf Fight for Civil Rights

Mark Perry’s Heroic Lone-Wolf Fight for Civil Rights

January 10, 2023
Plan Sponsor Priorities for 2024: A Seven-Item Checklist

Plan Sponsor Priorities for 2024: A Seven-Item Checklist

February 9, 2024
Bithumb facilitates fifth largest Bitcoin exodus of 2023, signaling potential shift in investor strategy

Bithumb facilitates fifth largest Bitcoin exodus of 2023, signaling potential shift in investor strategy

August 27, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In