Book Review: King of Capital
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King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone
, by David Carey and John E. Morris, recounts the history of one of the financial industry’s most successful firms and one of the current generation’s top financiers. It also offers an education in the world of deals, and in coping with management challenges.
The book also discusses the importance of a well-conceived and well-executed diversification plan, particularly in a cyclical and volatile industry segment. Today, Blackstone is a major player in alternative investments, as well as in private equity.
King Of Capital is as engrossing as it is instructive. You’ll enjoy it while learning.
–Bill Hayes

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