Stephen A. Schwarzman Quotes

Sometimes your best investments are the ones you don't make.

It's one of the most important things at the end of the day, being able to say no to an investment.

When it comes to money, the best investments were probably the ones I did not make.

I haven't been as wild with my money as somebody like me might have been. I've been very safe, very conservative with investments. I don't blow money. I don't have a ton of houses. I know things can go away. I've already had that experience.

My risk tolerance is higher than some people's, but it's not nearly as high as some people's. I don't want to exaggerate my bravado. I haven't been on the front lines. I haven't ever stepped on a land mine.

Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.

One way to mitigate our risk is to invest in companies with understandable business models.

Your initial instincts about investments and people are usually correct. We do a lot of due diligence in this business and most of the time it comes out where we started.

Between calculated risk and reckless decision-making lies the dividing line between profit and loss.

Great investments may look crazy but really may not be.

We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.

One thing about the business and investing world that I connect to very intimately is that there is little room to deny the harsh realities of your mistakes. A bad call can lose you many millions.

I'm not sure at all that I'm any good at this mentoring/investing business - that's why I'm using my own money, and that's why it's not a career.

Producers are not gamblers. They want a good return on their investment.

I'm not really a betting person. I work too hard for my money to give it away.

There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.

There is a big difference between using V.C. money that you blow and spending your own personal money.

Trust me: I know a good investment when I see one.

I wouldn't finance a fad if I were a banker.

Loving something doesn't make it a good investment.

I've usually used the phrase 'stay the course' as one of the great rules of investment success.

Chelsea have made a good investment for me, but I did not put any pressure on them.

I don't think you should put all your money in one place. It must be invested in different investments.

Be risky at work. Be safe with your investments.

You can't find returns in investments you haven't made.