Bloomberg Wealth: Barry Sternlicht

Barry Sternlicht, the billionaire investor who built a reputation as a bargain hunter in financially turbulent times, is readying his next bets. The Starwood Capital Group chairman scooped up distressed assets in the aftermath of the US savings and loan collapse and later in the Great Financial Crisis. He's eyeing opportunities again, as the sharp increase in interest rates deflates commercial real estate values. This interview of "Bloomberg Wealth with David Rubenstein" was recorded June 28th in New York.

[@aarondaniels5525]

I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there will always be depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

[@bobbymainz1160]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[@patrickbrussels4454]

Finance and Business books have been so helpful. I’m 55 and my wife 50 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly.

[@timbuktu93]

Mr. Rubenstein: you are a great reporter because you allow the other person to talk. And, what gives you credibility is that you’re equally as successful to them. They have to talk with you (not at you) and that makes for a pleasurable discussion.

[@_davidturner]

My growth of 401k is 2.74% in the past year. In this environment does investing under a brokerage with a custodian outperform a 401k? should I seek a pro to grow my funds on brokerage acct or still hold? I have 5 years to retirement. Happy to discuss.

[@PhilSommer2]

My honest advise to new investors ,buy and hold quality stocks. Ignore market forecasts and opinions, they're mostly entertaining but not very helpful.

[@raymanmorrison3994]

At the very least, I now grasp the concept of leverage.

[@giovan-he3]

Mme Florence est légitime et sa méthode fonctionne comme par magie Je continue à gagner chaque semaine avec sa nouvelle stratégie.

[@objectivethinker3225]

I've never heard Barry speak but everybody needs to pay attention to the first few minutes of this. He absolutely nails the current problem with the US economy. Monetary policy is trying to bandage ridiculously excessive fiscal policy.

[@Hollowsmith418]

We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. After the pandemic, things became extremely difficult, which is precisely when I sought a Financial advisor. I've been investing with the help of my FA for nearly a year and have built up a stagnant reserve of $280K to $570K in just over 11 months.

[@stephenwilliamson8908]

The work from home phenomenon is definitely not a US only issue. Speaking as a London resident.

[@jeffsilverberg5848]

Always a learning experience. David, himself, has an amazing story. Glad so many people give of their time to be interviewed. Thank you.

[@paulsharkey7902]

This guy has been lobbying for a government bailout now for at least a year! “ this is going to be really bad government! You better do something or me and my thieving friends are going to lose a lot of money “ mfer please

[@nathaliamaurice5626]

I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[@myfunlovinglife]

He didn't fully answer most direct questions you asked him, but I still really enjoyed the interview. He definitely belongs in politics

[@GlenD.Vanherck-oc1]

Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies? my portfolio has been stagnant for months.

[@justincrasi4638]

yes agreed nice building attract people. However, the US is designed around commute, Americans are tired of 45 minute drive commute to work. This is a major factor for working from home.

[@Sinahdlngs]

I love these interviews. They are short and informative. Serious conversation with DR's touch of humor. 👌

[@mikeaddis1494]

I love these rich guys that come from money, make millions off RTC, get free finance, then moan when they didn't lock in fixed rates. Then they blame the Fed. Does he complain when inflation drives his assets through the roof, thank you Fed, then sells the inflated assets off?. He just defaulted on a $200 million mortgage. (DR is the best interviewer. He's polite but hits you right between the eyes with his questions. NO BS.)

[@qatari5898700]

Thank you Mr. Robenstein for your brilliant interviews.