Wall Street Folly

The festivities took place at Le Cirque according to Page Six.  The Blackstone Group CEO was with his Mrs, Christine.  Naturally, stone crabs, Steve’s faves, were on the menu….

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Tags: Birthdays, Blackstone

Happy Birthday Steve Schwarzman!

The Blackstone head got lots of flak for his beyond excessive 60th birthday bash last year held at the Park Avenue Armory.  This year’s Valentine’s Day soiree for #61 is said to be far more low key with only "his family and few friends" according to a New York Post report from last weekend.  And probably more than a few of his beloved $400 a pop stone crabs…..
Schwarzman Plans a Low-Key Birthday - New York Post

Tags: Birthdays, Blackstone

Warren Buffett is another year older today — 77 years young.

Happy Birthday!

Tags: Bill Gates, Birthdays

On May 17, 1792, 24 traders convened under a buttonwood tree at 68 Wall Street to negotiate how the exchange would work.  It resulted in the famous "Buttonwood Agreement", a two sentence contract:

We the Subscribers, Brokers for the Purchase and Sale of Public Stock, do hereby solemnly promise and pledge ourselves to each other, that we will not buy or sell from this day for any person whatsoever, any kind of Public Stock, at a less rate than one quarter per cent Commission on the Specie value and that we will give a preference to each other in our Negotiations. In Testimony whereof we have set our hands this 17th day of May at New York. 1792.

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Tags: Birthdays, NYSE

Happy birthday to the Oracle of Omaha!  76 years young.

Born August 30, 1930.  The DJ Industrial Average closed at 240.42 on that day.

That’s Mr. Buffett, pictured at left, which we snipped from a 1951 Newspaper article that we found on the Berkshire Hathaway site some time ago.

Tags: Birthdays

Happy birthday wishes are in order for:

Outspoken billionaire entrepreneur and Dallas Mavericks owner Mark Cuban:  48 (Birthdate 7/31/1958)

Nobel prize winning economist Milton Friedman: 94  (Birthdate 7/31/1912)

Nobel prize winning economist and Long Term Captal Management co-founder (with a recently announced new hedge fund venture) Robert C. Merton 62  (Birthdate 7/31/1944)

Tags: Birthdays

CNBC mentioned that today is the NYSE’s birthday.  On May 17, 1792, 24 traders convened under a buttonwood tree at 68 Wall Street to negotiate how the exchange would work.  It resulted in the famous "Buttonwood Agreement", a two sentence contract:

We the Subscribers, Brokers for the Purchase and Sale of Public Stock, do hereby solemnly promise and pledge ourselves to each other, that we will not buy or sell from this day for any person whatsoever, any kind of Public Stock, at a less rate than one quarter per cent Commission on the Specie value and that we will give a preference to each other in our Negotiations. In Testimony whereof we have set our hands this 17th day of May at New York. 1792.

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Tags: Birthdays