Stephen A. Schwarzman Quotes

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

One can't be a successful investor without a healthy dose of confidence. To commit your own and others' hard-earned capital requires conviction, and conviction requires confidence. But as with fine brandy or coffee ice cream, too much of a good thing can be problematic.

I seek individual investments that will allow me to target total portfolio returns of at least 20% annually after fees and expenses on an annual basis over a period of years, not months.

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

Good investors have to choose how to allocate their mind share with the precious capital they have.

If the fluctuations in your investment portfolio are reduced, the impact of emotions and behavior on your account is also reduced.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

In tennis, you strike a ball just after the rebound for the fastest return. It's the same with investment.

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

Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.

I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble.

What I invest in, while not risky for me, may be too risky for most people.

You want less of the annoying nonsense that interferes with your portfolios and more of the significant data that allow you to become a less distracted, more purposeful investor.

My investment advice is rooted in my understanding of economics.

I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.

I've had a very good stretch with startup investing, and I think it's very important to know when to hold your chips.

We think that excellence in investing comes from focus.

I've learned that all investments have risk.

Investing is a probabilistic business. Every once in a while, it's sort of like you're throwing six-sided dice, and anything except a one or a two, you're doing well. Statistically speaking, you throw the dice enough times, you're going to throw a one or a two five times in a row, and you're going to look pretty foolish, right?

I think it is crucial to diversify one's portfolio.

When you see a 'Shark fight' erupt, we aggressively want to understand what we are committing our money toward.

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

Doing ventures is great - I'm talking economics now - if you've got a rising market. It's wonderful. If I hadn't got HKT, I would have been just as happy. Because there's a price for everything. And to overpay for something is awful.

I have yet to take capital losses on any company. Then again, it's still early.