King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone (repost)
David Carey, "King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone"
English | 2011 | ISBN: 0307452999 | 400 pages | mobi | 0,8 MB
English | 2011 | ISBN: 0307452999 | 400 pages | mobi | 0,8 MB
The untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street. David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at the gate’ into disciplined, risk-conscious investors.
The financial establishment—banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley—were the cowboys, recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster.
Blackstone is now ready to break out once again since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital.