Stephen A. Schwarzman quotes:
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For future geopolitical stability and global prosperity, we need to build a culture of greater trust and understanding between China, America and the rest of the world.
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I don't feel like a wealthy person. Other people think of me as a wealthy person, but I don't. I feel the same as when I was a fifth-year associate trying to make partner at Lehman Brothers. I haven't changed.
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I'm not feeling undertaxed. Tax reform is an important issue. You have to have an inherent sense of fairness.
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This country, of course, needs fundamental reform of our financial regulatory system, as I, and many other financial institution executives, have publicly advocated for a considerable period.
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I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.
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If I get angry, it's obvious. I don't have to say much.
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The library helps lower- and middle-income people - immigrants - get their shot at the American dream.
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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.
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It's wonderful to learn about new cultures and to be able to travel easily to so many countries.
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My personal taxes are 53% of my taxable income. That's 36% on the federal level and 17% for state and local.
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I can't micromanage what anybody pays or doesn't pay. But the concept that half of the public isn't involved with the income-tax system is somewhat odd and I'm not saying how much people should do, but we should all be part of the system.
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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.
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I've always been comfortable with people who run things, whether it was the principal of my high school or the president of the university.
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Down cycles are not fun. But they form the basis for enormous future profitability
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My biggest job really is to figure other people out. I need to understand what makes a person tick.