Bear Stearns disclosed investor Joseph Lewis owns about a 7% stake in
the firm, making him the single-biggest investor. With the firm's share
price at its lowest point in two years, Lewis's buying spree raises
questions about Bear's ability to remain independent.
In my humble opinion, China had chosen the worst timing to buy into Blackstone when it was peak high. Only amatures buy stocks when everyone is talking about the market including housewives and taxi drivers; the professional buys into it when everyone is so scared of the situation...
Stay tuned.
