It’s monthly/quarterly paper time from all the major asset managers and Byron Wein of Blackstone should be on anyone’s reading list. In his latest “The Smartest Man in Europe” there are several interesting discussion points ranging from a new industrial revolution to Europe’s political weakness to viewpoints on specific emerging countries, all in all a must read, see below for a snippet and a link to the full article.

“Some final thoughts:

• In the future only creativity will be rewarded and the rewards will be big. California is a magical place for creativity. The rest of the world is an average place.

• The art market is reflective of the inequality problem. It is the most unregulated market in the world. Prices may be topping soon because of wealth taxes.

• After 2012 and 2013, it is proving much harder to make money in equities.

• There is a big boom coming in Myanmar even though the military is still in power.

• Hillary Clinton will win the 2016 election.”

Source: Blackstone