You can't grow unless your banking system is expanding and you are extending credit. Stephen A. Schwarzman More Quotes by Stephen A. Schwarzman More Quotes From Stephen A. Schwarzman My personal taxes are 53% of my taxable income. That's 36% on the federal level and 17% for state and local. Stephen A. Schwarzman incomewealthlevels Down cycles are not fun. But they form the basis for enormous future profitability Stephen A. Schwarzman enormousformfun 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. Stephen A. Schwarzman understandingamericaneeds It's wonderful to learn about new cultures and to be able to travel easily to so many countries. Stephen A. Schwarzman ablecountryculture My biggest job really is to figure other people out. I need to understand what makes a person tick. Stephen A. Schwarzman jobspeopleneeds 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. Stephen A. Schwarzman assetseconomyperiods 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. Stephen A. Schwarzman brotheryearsthinking 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. Stephen A. Schwarzman seniorpeopleworld I'm not feeling undertaxed. Tax reform is an important issue. You have to have an inherent sense of fairness. Stephen A. Schwarzman issuesimportantfeelings 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. Stephen A. Schwarzman growingfrustrationneeds If I get angry, it's obvious. I don't have to say much. Stephen A. Schwarzman angryobviousifs I have a saying: There are no brave old people in finance. Because if you're brave, you mostly get destroyed in your 30s and 40s. If you make it to your 50s and 60s and you're still prospering, you have a very good sense of how to avoid problems and when to be conservative or aggressive with your investments. Stephen A. Schwarzman goodyoubravepeople Every day should be a good day. People fool themselves that they'll be here forever. Stephen A. Schwarzman daygoodfoolpeople I like being in warm weather. I find that relaxes me. I like being near water. I like sitting on a beach and sort of hearing the water, watching waves break, looking at the shimmering. I find that really relaxing. Stephen A. Schwarzman lookingmeweatherwater We have limited time, and we have to maximize it. Stephen A. Schwarzman maximizelimitedlimited-timetime Today, whenever I'm under pressure to make a decision on a transaction but I don't know what the right one is, I try desperately to postpone it. I'll insist on more information - on doing extra laps around the intellectual parking lot - before committing. I take the same approach with people, too. Stephen A. Schwarzman decisionpressuretodaypeople There are no patents in finance. Stephen A. Schwarzman patentsfinance I love houses. I'm not sure why. Stephen A. Schwarzman surewhyi-lovelove Public service is a core value for people of my generation. Stephen A. Schwarzman valuegenerationservicepeople Preparing youth for employment requires training that is demand-driven to meet the needs of companies and ensure that young people are taught marketable skills. Stephen A. Schwarzman meettrainingyouthpeople
