Apollo's Kleinman on Mispriced Deals, Tech Investing

The video discusses concerns about a potential recession and the Federal Reserve's interest rate decisions aimed at curbing inflation. Despite fears, consumer confidence remains strong, though market predictions suggest a continued slowdown. The discussion covers the impact on private equity, market opportunities, and the normalization of valuations, particularly in tech and healthcare sectors. Apollo's investment strategy focuses on value-oriented investments, seeking opportunities in complex market situations.

What is the Federal Reserve's target for reducing inflation?

• 4%

• 2%

• 6%

• 8%

How are consumers reacting to inflation according to the transcript?

• They are spending more despite higher prices.

• They are not spending at all.

• They are only spending on essentials.

• They are saving more and spending less.

What is the current state of corporate results as mentioned in the transcript?

• Corporate results are stagnant.

• Corporate results are strong.

• Corporate results are declining.

• Corporate results are unpredictable.

What is expected to happen to private valuations according to the transcript?

• They will remain stable.

• They will follow public valuations.

• They will decrease slightly.

• They will increase significantly.

What is a potential opportunity for companies during market repricing?

• To expand rapidly.

• To increase debt.

• To go private.

• To go public.

What is the private equity industry's main focus according to the transcript?

• Avoiding sales.

• Cycling capital.

• Increasing leverage.

• Holding onto investments indefinitely.

How does Apollo approach investments in the current market?

• By avoiding investments altogether.

• By focusing on complex companies with unique valuations.

• By investing in simple, well-known companies.

• By buying high-growth tech companies.