4min chapter

The Knowledge Project with Shane Parrish cover image

#69 Stephen Schwarzman: What It Takes

The Knowledge Project with Shane Parrish

CHAPTER

What Was It Like on Wall Street?

The average stock of a financial company, bank, money manager, didn't matter, during the financial crisis, went down 85%. So if you've ever been involved with something went down 85 %, you would not be a particularly happy kimper. We ended growing six times in 11 years, six times. And that's takin our market value up from, because it was four billion dollars or something at the bottom, to 60. But but we still run the company in the exact same way with the same values. We've just become more popular because the type of investing we do makes about double the stock market. It takes a decade or two to convince them that double is better

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode