The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 4 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Assertion Partly supported
DLJ extracted $400M in equity the day after the Household buyout
“I think it was the third biggest LBO ever called we bought the retailing subsidiaries from Household International. We ended up with Vons and Ben Franklin and TGI and Coast to Coast Hardware Stores, and we sliced and diced and sold them all, and we closed, and…”
Tony James May 5, 2026 ▶ 10:23 Building Blackstone, Backing Costco, and Working with Munger | Tony James on The a16z Show
Assertion Supported
Tony James: DLJ had $29B AUM when sold to Credit Suisse
“And that, and we built that business when we sold DOJ to Credit Suisse, it was about a twenty-nine billion dollar AUM business. Blackstone at the time was high teens”
Tony James May 5, 2026 ▶ 11:40 Building Blackstone, Backing Costco, and Working with Munger | Tony James on The a16z Show
Assertion Partly supported
DLJ's first private equity fund achieved a 90% IRR
“I think our first fund had a 90% IRR.”
Tony James May 5, 2026 ▶ 3:59 Building Blackstone, Backing Costco, and Working with Munger | Tony James on The a16z Show
Assertion Partly supported
Tony James: DLJ grew over 15% annually for 25 consecutive years
“We grew DLJ from essentially nothing to the fifth largest securities firm. We grew it at over 15% for 25 consecutive years.”
Tony James May 5, 2026 ▶ 2:43 Building Blackstone, Backing Costco, and Working with Munger | Tony James on The a16z Show
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