I love picking people. I started Blackstone, and we had no people, and now we have with our portfolio companies about 750,000 people all over the world. Everybody who is at a senior level has ultimately been picked by me.
If you’re a ’10’ in business, you’ll be fine. If you can attract a team full of 10s, they’ll always make it rain.
Markets tend to always overshoot when they get really ebullient.
Most people want to have ownership of their own growth. As a CEO, your job is to figure out how to make that possible.
How many times can you be told you are a loser? Apparently infinite.
It’s wonderful to learn about new cultures and to be able to travel easily to so many countries.
I’m not feeling undertaxed. Tax reform is an important issue. You have to have an inherent sense of fairness.
As CEO, you have to articulate the core values of your business. Everybody has to know what you stand for.
You won’t do well unless you’re hiring people who are consistent with your values.
To the extent that I can add value and make my country a better place, that’s a good thing to do.
I’m concerned with China growing at double or triple the rate of the West, that there will be tensions. One needs to do something to start addressing misunderstandings and frustration. My biggest job really is to figure other people out. I need to understand what makes a person tick.
Down cycles are not fun. But they form the basis for enormous future profitability.