On Monday, American investor Byron Wien, along with Joe Zidle, released his annual list of ten surprises for 2021.
Wien, 88, is one of the most followed Wall Street analysts. Currently, a vice chairman of Blackstone’s Private Wealth Solutions Group, he has been releasing 10 predictions for the coming year since 1986.
"The Ten Surprises, which I started doing in 1986, has been a defining product," he said, in an article by Blackstone in 2013. "People all over the world are aware of it and identify me with it. What they seem to like about it is that I put myself at risk by going on record with these events which I believe are probable and hold myself accountable at year-end."
"If you want to be successful and live a long, stimulating life, keep yourself at risk intellectually all the time," he added.
He was working as a Chief U.S. Investment Strategist at Morgan Stanley (MS) - Get Report, when he started this 'Ten Surprises' tradition. Since 2018, Joe Zidle, Blackstone's Chief Investment Strategist, joined him to bring out the list.
Blackstone says," Byron defines a “surprise” as an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is “probable,” having a better than 50% likelihood of happening."
Wien's deep understanding in investing and market, helped him gain a huge following.
He appeared in the 2004 Smart Money Power 30 list of Wall Street’s most influential thinkers. Also, in 2006, New York Magazine listed him in the 16 most influential people on Wall Street.
Watch the video above to know more.
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