Egon Durban, the co-CEO of private equity firm Silver Lake Partners, is a newly-minted billionaire drawing comparisons to Warren Buffett, with membership in some of golf's most exclusive clubs and an inside track to the Oscars.
A Texas native who made his name acquiring and then selling Skype, he has rapidly become the lead dealmaker on investments spanning entertainment, media, and technology.
Under Durban, Silver Lake's name has recently been associated with pandemic-era inves
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We spoke to 40 Silver Lake insiders about how Egon Durban amassed power at the media-shy private equity firm
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Vacancy rates are soaring in Washington DC's normally recession-proof office market. Here's how experts think this downturn will play out — and why some are still optimistic.
Washington DC's office vacancy rate has surpassed 15% for the first time.
Meanwhile, this recession's bailout doesn't appear to expand the footprint of government as other downturns have.
Without government agencies and related tenants active in the leasing market, the city may not be immune to this downturn in the way that it was to previous recessions.
Despite the headwinds, some investors are optimistic they can capitalize on the demand in recent years for new or renovated o -
The stars are aligning for a V-shaped rebound in US housing — and ING says it could kickstart a swift recovery in other parts of the economy
There are early signs that a V-shaped recovery may be underway in the housing market.
A slew of data this week either showed early signs of recovery, or represented the low from the shock of the coronavirus pandemic.
This could help lift other areas of the economy, especially those linked to housing, according to James Knightley of ING.
"As people move to a new home they typically also spend money on new furniture and home furnishings, garden equipment and building supplies suc -
A market-crash expert known as 'Dr. Doom' warns a 10-year depression is coming — and says investors are far too confident about a possible recovery
Nouriel Roubini, an economics professor at New York University's Stern School of Business, thinks the economy is hurtling toward a prolonged economic depression.
To bolster his thesis, he rattles off a plethora of negative trends and features that are now being exacerbated by the prevalence of the coronavirus.
Roubini thinks the recovery from the virus will be "anemic," and that markets are pricing in a scenario that is "totally not consistent" with the underlying environment.
Roubin -
Dave Portnoy says the day-trading revolution will slow down once sports return and people go back to work, but gambling analysts aren't so sure
Dave Portnoy, the poster child of the day-trading revolution, warned that it may come to a rapid halt once people with regular nine-to-five jobs return to work, and sports returns.
In an interview with Business Insider, Portnoy said: "It's probably a lot harder to be day trading and paying attention to the stock market when you have a normal nine to five job."
However, industry analysts disagree.
"There is no reason to think there will be some mass exodus once sports come back," one analyst told
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