Years ago I created a collection of my favorite Quotes from Warren. I think investors like him and Charlie Munger are great aggregators of wisdom because it’s a requisite of long-term investing in my opinion. And with investing I don’t just mean money, time is the most important investment we all make, whether we do … Read more
In this excerpt from What it takes, Stephen Schwarzman explains how Blackstone developed it’s highly risk-averse and impersonal investing strategy. His system differs from that of Warren Buffett which I find highly interesting. Warren makes decisions on his own mostly, at Blackstone there is a process through which investing decisions have to go. THERE ARE … Read more
In this excerpt from What it takes, the CEO and co-founder of Backstone brings clarity to economic cycles and how to deal with them effectively in investments. The success of any investment depends in large part on where you are in the cycle when you make it. Cycles can have a major impact on the … Read more
What follows is an excerpt from the founder of Backstone Stephen A. Schwarzman’s Biography. Blackstone is the largest alternative investment firm in the world. This is my favorite chapter so far in this book. It is so interesting to me because Stephen describes his thinking process when he created a new company. What he was … Read more