Down cycles are not fun. But they form the basis for enormous future profitability Stephen A. Schwarzman More Quotes by Stephen A. Schwarzman More Quotes From Stephen A. Schwarzman I love things that cost nothing that have great results. Stephen A. Schwarzman nothingthingsgreatlove Most youth are lacking critical life skills that make them employable and, most importantly, able to keep a job - things like teamwork, decision-making, and time management. Stephen A. Schwarzman jobyouthtimelife Inaccurate analysis produces faulty insights and bad decisions - which lead to losing a tremendous amount of money. Stephen A. Schwarzman decisionsbadmoneylosing Live life intensely - I've always believed in that. Stephen A. Schwarzman livealwayslive-lifelife Business is usually a team sport. There isn't one great person sitting there directing things. You can't run an effective business like that. Stephen A. Schwarzman greatyouteambusiness The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way. Stephen A. Schwarzman valuegoodaccountingway 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. Stephen A. Schwarzman needeconomyfinancialreturn As you have more resources in life, it's your obligation to deploy those for the benefit of others. Stephen A. Schwarzman yourmoreyoulife I grew up in a small town outside Philadelphia and went to the local high school, where I ran track all four years. Stephen A. Schwarzman highsmallhigh-schoolschool As long as you're excellent, things work out for you. Stephen A. Schwarzman thingsyouworklong Some of the people in finance touch enormous parts of the economy. Stephen A. Schwarzman somefinanceeconomypeople Markets tend to always overshoot when they get really ebullient. Stephen A. Schwarzman marketsreallygetalways I always felt uncomfortable with real estate because buildings don't move, and neighborhoods change. Stephen A. Schwarzman buildingsalwaysrealchange
