I've always been comfortable with people who run things, whether it was the principal of my high school or the president of the university.

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.

As long as you're excellent, things work out for you.

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.

Public service is a core value for people of my generation.

One of the rules I've learned is that struggling to try and think your way into making an investment is usually the best way to not have a great outcome.

I always felt uncomfortable with real estate because buildings don't move, and neighborhoods change.

China is an indomitable force, and they have a commitment for excellence.

The Schwarzman Scholars is a program that was designed with Tsinghua University. They asked me to do something in honor of their 100th anniversary.

After years of studying French in school, one of my professors said he'd really appreciate it if I didn't take any more French.

I chose to start Schwarzman Scholars because I saw the potential for the world to become focused and unhappy with China, in large part because of the populism that was growing throughout the world.

There's usually room in the theme parks business for efficiencies on the cost side and new investment, which drives traffic.

My biggest job really is to figure other people out. I need to understand what makes a person tick.

The biggest mistake I've seen people make with their careers is, when they're good, after two or three years - and they happen to be smart - they announce that they're going out to start their own firm.

What I've found in being around political people is they're willing to negotiate their ideology somewhere around 5 percent. They believe that's really stepping out. And it's really hard to do business when you only move 5 percent from your ideology.

I've learned that all investments have risk.

I'm a consistent little person.

In the Catholic schools, they spend much less money than the public schools, and they get amazing results. Private schools spend much more money than the public schools, and they get remarkable results.

China on the world stage, in terms of interaction with the rest of the world, has been relatively very new due to the long isolation period until Deng Xiaoping's times.

Every day should be a good day. People fool themselves that they'll be here forever.

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.

I love things that cost nothing that have great results.

When you lose control of risk at a financial institution, you do a variety of unfortunate credit extensions or purchases - and all of a sudden, you've blown up your business.

To the extent that I can add value and make my country a better place, that's a good thing to do.

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.

Blackstone is a major client of many of the largest banks around the world.

Sleeping at night is not a specialty of entrepreneurs. The entrepreneur who is sleeping soundly, something bad is happening to that person; they just don't know it's happening yet.

My father was very bright. My mother had enormous drive. Put that together, and that's my gene pool.

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.

Paid leave is worth every penny.

I was in an interdisciplinary major - which was a new thing then - which was psychology, sociology, anthropology, and biology, which is really sort of the study of the human being.

Sometimes, success in life is knowing one's limitations.

Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.

Always, always make good on what you say.

Deals really have to do with the overlap of what one side wants and the other side wants, and it's really just the discovery of where that overlap is and how you decide to get there.

There are no patents in finance.

You can't grow unless your banking system is expanding and you are extending credit.

In the charitable world, I find myself giving to large projects that I think can make a large-scale impact.

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.

If I get angry, it's obvious. I don't have to say much.

Education around entrepreneurship should start early, at secondary level, and be very robust by college level.

Live life intensely - I've always believed in that.

I like things with upside. That's how you make money.

I'm pretty good on my feet. I'm pretty decent at bobbing and weaving, but there's only so long you can bob and weave when you don't have a good base.

I grew up in a small town outside Philadelphia and went to the local high school, where I ran track all four years.

Don't go into something you actually don't know much about, in the hopes that you're going to get really financially successful and rewarded... even though people think you're, like, terrific.

Inaccurate analysis produces faulty insights and bad decisions - which lead to losing a tremendous amount of money.

Some of the people in finance touch enormous parts of the economy.

Every year, I speak to our new associates and give them this advice, although in my own words. 'This isn't like school,' I tell them, 'where you want to get your hand in the air and give an answer quickly. The only grade here is 100. Deadlines are important, but at Blackstone you can always get help in meeting them.'