CEO and cofounder Stephen of The Blackstone Group, Schwarzman has a net worth of more than $11 billion and the irm now manages more than $300 billion in total assets.
This is his rull for successful investing:
"I’ve learned that all investments have risk," Schwarzman told "The best investments are the easiest ones to approve. Ironically, when a bunch of very smart people are sitting around a table for hours trying to figure out whether they should do something, that tends to not necessarily lead to the best results.
"The investments where people walk in and the sense is, 'Well, this looks absolutely terrific, let's do it,' those investments are almost always quite successful."
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