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King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone
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Stephen Schwarzman realized that problems are best addressed indirectly:
“In my final year, I decided to take on the biggest issue of all for Yale’s men: the 268-year-old parietal rules that forbade women staying overnight in a dorm room. I was dating a woman at a local college, so for me, it was as much a personal as a community issue.
The conventio
... See more"I learned this from Schwarzman. People don't give money to the investors they think are going to make the most money, they allocate to people they like."
... See moreIn my final year, I decided to take on the biggest issue of all for Yale’s men: the 268-year-old parietal rules that forbade women staying overnight in a dorm room. I was dating a woman at a local college, so for me, it was as much a personal as a community issue.
The conventional approach would have been to set up a meeting with a university admini
We applied our usual three tests for a new line of business. It must have the potential to be hugely rewarding for investors. It must add to Blackstone’s intellectual capital. And it must have a 10 in charge
Stephen A. Schwarzman • What It Takes
The test of a business man is not whether he can make money in one or two boom years, or can make money through the luck of getting into the field first, but whether in a highly competitive field, without having any initial advantage over his competitors, he can outdistance them in a perfect honourable way and keep the respect of himself and of his
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