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King of Capital by David Carey and John E. Morris | ADI Book Club 3
After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments
The Ultimate Manager: Steve Schwartzman and Tony James
I was incredibly impressed by it because yeah same I could see a lot of pressure from people inside your business you see every day. No one has anything if the business goes south and I think that having the patience to find the right person stuck with me the most is this guy again with the drive It's his business it's his money it's the ultimate managerYeah how did you like that part in the book? You know where he was talking about like oh it was difficult for Steve Schwartzman to kind of pick someone within Blackstone so he had to go outside and he happened to find this perfect match with Tony James.
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Speaker 2
did you find it funny where he came from like what his background was professionally prior to Blackstone refresh my memory here credits we credit Swiss okay first was done it's funny like he came from Lehman he came from credits we spoke
Speaker 1
yeah
Speaker 2
I mean I mean obviously back when they were very different companies
Speaker 1
it's another thing you pick up from reading a book like this about some history of finances a lot of banks a lot of investment banks with names like first Boston I don't think they're still around I don't think I don't I was not familiar with that name but there's a lot of names that get eaten up or get acquired but again
Speaker 2
the hired gun from yeah the ultimate manager yeah how did you like that part in the book you know where he was talking about like oh it was difficult for Steve Schwartzman to kind of pick someone within Blackstone so he had to go outside and he happened to find this perfect match with Tony James like is that something that seemed like you know like did it make sense I mean in hindsight yes it's made a lot of sense but while you were reading the book like I
Speaker 1
was I was I was incredibly impressed by it because yeah same I could see a lot of pressure from people inside your business you see every day you know their families you like you have a maybe have a feel to help bump them up and give them what they want but at the end of the day no one has anything if the business goes south and I think that having the patience to find the right person and then the thing that stuck with me the most is this guy again with the drive it's his business it's his money it's
Speaker 2
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