Howard Marks Interview With Stephen Schwarzman: Investment Philosophy and Creating Blackstone

Howard Marks Interview With Stephen Schwarzman: Investment Philosophy and Creating Blackstone
Image source: CNBC Video Screenshot

An interview by Howard Marks with the Co-Founder and CEO of private equity firm Blackstone, Stephen Schwarzman. In this interview, Stephen discusses how he approaches investments and how this has made his firm more successful than others. Stephen also talks about creating Blackstone and creating the culture.

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Billionaire Stephen Schwarzman: Investment Philosophy and Creating Blackstone

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Video Segments:
0:00 Introduction
6:12 Early life
9:17 Reasoning for not starting a investment bank?
16:08 Fewer mistakes than other private equity firms (Investment philosophy)
25:52 Where do other firms fall down?
26:48 What qualities have you had to work on the hardest and what challenges are ahead?
31:49 Going public
39:15 Impact of being public?
41:40 Secret to assembling and maintaining such a high level group?
46:05 Why doesn't everyone act like you?
49:00 If you were starting a business today, would it still be asset management?
50:23 How do you feel about continuing to work
53:16 Philanthropy

Interview Date: 12th April, 2016
Event:The Howard Marks Investor Series at The Wharton School
Original Image Source:

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