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
All the successful entrepreneurs I've met have one thing in common: they all want to talk about their mistakes.
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.
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You can't predict. You can prepare.
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The markets teach you humility every single day.
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It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
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I'm only rich because I know when I'm wrong.
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