16 Oct king of capital summary
It also probes in depth many of Blackstone’s most important investments, spectacular and disastrous, including: ■ Transtar (U.S. Steel’s transportation subsidiary) and UCAR (Union Carbide’s carbon electrodes business) — early deals that helped the establish the firm as a credible buyout investor. The must-read summary of Amey Stone and Mike Brewster's book: "King of Capital: Sandy Weill and the Making of Citigroup".This complete summary of the ideas from Amey Stone and Mike Brewster's book "King of Capital" investigates the career of Sandy Weill, entrepreneur and CEO of Citigroup. ■ Merlin Entertainments, a U.K.-based operator of amusements and theme parks, including Legoland and the London Eye, that Blackstone has built into a major international company.
Great human interest story: How Blackstone went from two guys and a secretary to being one of Wall Street’s most powerful institutions, far outgrowing its much older rival KKR; and how Steve Schwarzman, with a pay packet one year of $398 million and $684 million from the Blackstone IPO, came to epitomize the spectacular new financial fortunes amassed in the 2000s. . The book recounts Blackstone’s evolution through fits and starts, disastrous early investments and internal clashes. The untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street. In their book, the authors reveal the secrets behind his success: his interest in the business itself, and the business processes. Sheeraz previously ran a taxation firm. DAVID CAREY is senior writer for The Deal, a news service and magazine covering private equity and mergers and acquisitions. This allowed them to chronicle the firm in full and entertaining fashion across its 25-year history.” – Bloomberg Brief – Mergers, “[A] broad history of private equity, with Blackstone as the touchstone.” – Fortune.com, “Check out “King Of Capital: The Remarkable Rise, Fall, And Rise Again Of Steve Schwarzman And Blackstone” because it’s got gossip, it’s got brains, and it’s as readable as hell. jo.src = 'https://www.financialjuice.com/widgets/voice-player.js?mode=inline&display=1&container=FJ-voice-news-player&info=valuewalk&r=' + r; – New York Times DealBook, “Carey and Morris’ thorough reporting offers a compelling look into the little understood Wall Street giant and the secrets of its success.” – Worth Magazine, “[R]anks as one of the most even-handed treatments of the industry. It not only reveals the personalities behind the firm but also the larger forces at work in the corporate and financial worlds that transformed private equity from a handful of upstart investment boutiques in the 1970s and 1980s into a mainstay of the financial world, backed by billions from public pension funds and other institutional investors. 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. or a New Positive Force Helping to Drive the Economy . This summary provides an insight into the professional accomplishments of this individual, business strategy and how to prioritise and achieve goals. . “The authors … [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. Strippers and Flippers . - Email: sraza(at)valuewalk.com. This summary provides an insight into the professional accomplishments of this individual, business strategy and how to prioritise and achieve goals. Instead, it contends, private equity provides crucial capital and a unique, transitional form of ownership that in many case allows companies to undertake necessary changes. ■ The internal debates about whether to take the company public in 2007 in the face of fierce political opposition in Washington, D.C. (An excerpt of this chapter in the Wall Street Journal’s Deal Journal blog in 2010 describes the motivations for the IPO.) It also delivers some fun details about many of the now-famous Wall Street players that did tours of duty at the firm. , One that will help make bigger, better decisions in the future.
He is main reason behind the rapid growth of the business. Like sprawling global corporations, their businesses are diverse. var r = Math.floor(Math.random() * (9999 - 0 + 1) + 0); In their book, the authors reveal the secrets behind his success: his interest in the business itself, and the business processes.
– that made Mr. Schwarzman and his partners so rich. And it does a fine job in what it sets out to do.” – Financial Times, “The authors link Blackstone’s history to the larger story of private equity’s expansion and its relationship to corporate America. . document.getElementsByTagName('head')[0].appendChild(jo); Today, the book argues, Schwarzman and his counterparts represent a new breed of capitalist, a cross between the great bankers and corporate chieftains. . There is also a lot of interesting detail to be found on specific deals which I found very interesting. “ValueWalk provides an invaluable service—bringing together the best and most important commentary in the world of value investing, all in one place.”, Maybe THAT kind of insight makes it clear that ValueWalk Premium is worth another look.
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