Don't lose money. The best way to do that is to have a very good process for making decisions.
Investors
Stephen A. Schwarzman
Born in 1947 in Philadelphia, Stephen Schwarzman built experience at Lehman Brothers before co-founding the Blackstone Group with Peter Peterson in 1985. Through private equity, real estate, and credit, he constructed a colossus in alternative asset management whose assets under management have grown to approximately $1 trillion. A dealmaker and institution-builder, he defined the shape of the PE industry.
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Stephen A. Schwarzman's Other Quotes
Every entrepreneur knows that the first and most important step is getting the right people on your team.
It's as easy to do something big as it is to do something small, so reach for a fantasy worthy of a pursuit and, if it's a real fantasy, you'll get part of the way there.
All the successful entrepreneurs I've met have one thing in common: they all want to talk about their mistakes.
Related Quotes
Don't be afraid to give up the good to go for the great.
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By failing to prepare, you are preparing to fail.
-- Benjamin Franklin
Conceive optimistically, plan pessimistically, execute optimistically.
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The most important thing is being attentive to cycles.
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You can't predict. You can prepare.
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I try to invest in companies where the downside is limited and the upside is significant.
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