Stephen A. Schwarzman Quotes

American - Businessman | -

The Schwarzman Scholars is a program that was designed with Tsinghua University. They asked me to do something in honor of their 100th anniversary.

Stephen A. Schwarzman

AnniversaryMeHonorUniversity

I have a saying: There are no brave old people in finance. Because if you're brave, you mostly get destroyed in your 30s and 40s. If you make it to your 50s and 60s and you're still prospering, you have a very good sense of how to avoid problems and when to be conservative or aggressive with your investments.

Stephen A. Schwarzman

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You can't grow unless your banking system is expanding and you are extending credit.

Stephen A. Schwarzman

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It's wonderful to learn about new cultures and to be able to travel easily to so many countries.

Stephen A. Schwarzman

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Every year, I speak to our new associates and give them this advice, although in my own words. 'This isn't like school,' I tell them, 'where you want to get your hand in the air and give an answer quickly. The only grade here is 100. Deadlines are important, but at Blackstone you can always get help in meeting them.'

Stephen A. Schwarzman

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In the charitable world, I find myself giving to large projects that I think can make a large-scale impact.

Stephen A. Schwarzman

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The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way.

Stephen A. Schwarzman

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I like things with upside. That's how you make money.

Stephen A. Schwarzman

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Sometimes, success in life is knowing one's limitations.

Stephen A. Schwarzman

LifeSuccessSometimesKnowing

China on the world stage, in terms of interaction with the rest of the world, has been relatively very new due to the long isolation period until Deng Xiaoping's times.

Stephen A. Schwarzman

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Business is usually a team sport. There isn't one great person sitting there directing things. You can't run an effective business like that.

Stephen A. Schwarzman

BusinessGreatTeamYouPersonRun

I always felt uncomfortable with real estate because buildings don't move, and neighborhoods change.

Stephen A. Schwarzman

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