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151. Voices of CEO excellence: Blackstone’s Stephen Schwarzman

Inside the Strategy Room

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Private Equity

We have almost a trillion dollars in assets and we have 60 different strategies. Most of our competitors hit on doing private equity and it was such a good business. They just stopped there. We just kept creating. I believe that you have to be in effect continually innovative because if you weren't inventing the next new thing, the old things can all degrade and you'd have nothing left.

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