In Good Company with Nicolai Tangen
Stephen Schwarzman founder and CEO of Blackstone
Apr 26, 2023
Stephen Schwarzman, the founder and CEO of Blackstone, shares his insights as a titan of global finance. He tackles pressing economic questions like peak inflation and recession risks. Schwarzman reflects on his journey, emphasizing the need for emotional resilience in entrepreneurship. He discusses the complex dynamics between the US and China post-pandemic and offers career advice, encouraging young professionals to pursue their passions. Plus, he shares a hilarious story about a bar fight during his adventurous summer at sea!
40:04
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Quick takeaways
- Entrepreneurs need a blend of creativity, risk-taking, and determination to succeed.
- Importance of making investments with clear logic, minimal controversy, and patience in timing.
Deep dives
Stephen Schwartzman's Unique Vision for Blackstone
Stephen Schwartzman, the founder of Blackstone, aimed to create an innovative financial institution, venturing into what is now known as the private equity business when it was a nascent industry. His strategy of entering new financial sectors during depressions and maintaining control for ethical standards has been a consistent approach for Blackstone, yielding success over the years. This distinctive vision set Blackstone apart and contributed to its growth.
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