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Yesterday, I caught up with Frank about his first 24 hours at CES 2023… Things got off to a hot start: Virtual concert platform Wave announced superstar Justin Bieber will be headlining an upcoming event… Controversial music streamer Napster is jumping into the metaverse… And 3D application platform Oorbit is partnering with LG to bring the metaverse to your living room. Frank returns next week, so be sure to check back for all the details from the event. And you can follow his trip on and . Private equity giant Blackstone (BX) caused a major stir last month when it limited withdrawals from its Blackstone Real Estate Income Trust (BREIT). This week, the company got a $4 billion investment from the University of California. I explain why the deal strikes me as a bailout… and why yield-seeking investors should avoid real estate funds right now. In this episode  The metaverse’s big presence at CES 2023 [1:20] You’ll soon be able to enjoy the metaverse from your living room [3:00] Blackstone’s bailout from UC [