Well, there you have it - Blackstone Group LP (NYSE: BX) should offer me a job in Investor Relations.
On Thursday's earnings call, CEO Stephen Schwarzman used a nearly identical valuation justification for Blackstone Group LP to that which I first presented back in February 2016, when I moved from negative to positive on Blackstone Group LP, and then reiterated in April 2016.
From the earnings call:
