Every year, I speak to our new associates and give them this advice, although in my own words. 'This isn't like school,' I tell them, 'where you want to get your hand in the air and give an answer quickly. The only grade here is 100. Deadlines are important, but at Blackstone you can always get help in meeting them.'

We need sobriety, rationality, and civility in the discussions on the regulation of financial institutions so that the banks can return in a robust manner to their central role in funding the economy.

Blackstone is a major client of many of the largest banks around the world.

Stephen A. Schwarzman Quotes