Stephen Schwarzman
10 statements across 1 episodes · 0 bullish · 3 bearish · 1 people on the record · first statement Nov 12, 2019 by Stephen Schwarzman · said 5 times in 3 episodes since 2025 · across every show →
On the record as a speaker too: Stephen Schwarzman's record, appearances and statements → this page counts the times other people say the name.
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brought up most by Shane Parrish (4), Nicolai Tangen (1)
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2026 1 mention in 1 episode
Everything said about Stephen Schwarzman, oldest first
Nov 12, 2019
Schwarzman: Client loyalty belongs mostly to the institution, not individual talent
“When you leave an established place, apparently that changes people's views of you. Not in terms of your capability, but maybe it's not you. Maybe it's just the firm where you're working, but for your own ego-driven reasons, you think it's you working at the f…”
Nov 12, 2019
Schwarzman: 90% of Bad Investments Stem from Misjudged Known Risks
“Usually in about 90% of the cases, if something goes wrong with the investment, it's about those risk factors, and we got them wrong. The team didn't get them wrong. We all got it wrong, and so if that's the case, and the outcome is suboptimal, the team doesn'…”
Nov 12, 2019
Schwarzman: Founders should only pursue big ideas because effort is equal
“So you ought to wait until you find something that's really worthy of the effort, because you're going to be making a heroic effort in any case, You should find a really big idea addressing a really big opportunity, because then if you win huge, but you also c…”
Nov 12, 2019 neutral
Nov 12, 2019
Schwarzman: Management success hinges on sequencing and timing, not identifying solutions
“You knew what the right answer was, but if you went ahead and implemented that, you could blow up a whole part of your business, because other people become destabilized. So I learned that, that figuring out what to do wasn't hard, but how to do it, and what k…”
Nov 12, 2019 negative
Schwarzman: Modern analysts appreciate data less due to instant data generation
“I think it probably makes you appreciate data less. Someone who was trained in my era, you know, every slight nuance in a number is multiplied because you had to fight to produce any number. So you felt everything viscerally, and now you can just look at it on…”
Nov 12, 2019 negative
Nov 12, 2019 negative
Nov 12, 2019
Schwarzman: Blackstone launched with $400,000 and a $50,000 fee from Squibb
“I remember when we got our first assignment, that was from Squibb, which was a pharmaceutical company for 50,000 dollars, which was less than the smallest legal bill I had ever gotten on a transaction. But 50,000 dollars, we started with 400,000 total capital.…”
Nov 12, 2019
Schwarzman: Blackstone raised $950M for Fund I with no investing record
“First fund's aspiration was a billion. We raised eight 50, and then went back a year later, got another hundred for money in the firm. So I looked at it, we sort of, with two people with no investment capability, raised nine hundred and fifty million dollars, …”