What It Takes: Lessons in the Pursuit of Excellence

by Stephen A. Schwarzman

People often think theirs is the only reality, but there are as many realities as there are individuals. The more you see of them, the more likely you are to make sense of them.

it’s as hard to start and run a small business as it is to start a big one. You will suffer the same toll financially and psychologically as you bludgeon it into existence.

When you disagree, it’s important to get your opinions on record so you aren’t blamed later when things go wrong.

Timing the bottom of a cycle isn’t easy, and it’s often a bad idea to try in any case. The reason is that it typically takes a year or two for an economy to really emerge from a recession.