Given the high leverage and high business/political risk in BX's business, do you think BX will be a "value stock"?
But to be fair, China gov just experienced some paper loss. Given China does not have "mark-to-market" accounting for its strategic investment, it is okay.
Sapient is talking about investment strategy from a trader's perspective: if one is investing in high-risk/volatility assets, his advice should be heeded.
