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The James Altucher Show

490 - What It Takes: Steve Schwarzman, Founder of BlackStone, on How to Turn Your Vision into a Reality

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 19 September 2019

⏱️ 79 minutes

🧾️ Download transcript

Summary

I could ask Steve Schwarzman 5 more hours of questions. He's the Chairman, CEO and Co-Founder of the largest private equity firm on the planet, Blackstone. And now, he's the author of, "What It Takes: Lessons in the Pursuit of Excellence."   And (special announcement for my listeners), right now, for a limited time, you can claim a free copy of my new book, "The Side Hustle Bible." I wrote this book because people ask me all the time, "How can I make extra income? How can I choose myself?" I put it all in this book, "The Side Hustle Bible." Which details 177 ways to make extra income. Learn how to claim your free copy in today's episode. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify   Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.4

This is the James Altiger Show on the Choose Yourself Network.

0:12.5

Today on the James Altiger Show.

0:16.0

When you started Blackstone, you were 38 years old.

0:20.3

You'd already made wealth being one of the highest ranking managers at Lehman Brothers.

0:26.6

What drove you to say, yeah, I could do whatever I want for the rest of my life.

0:30.5

But I think I'm going to work 100 hours a week instead and also do the rest of what I want for the rest of my life.

0:36.2

Yeah, well, you know, I don't regard it as work.

0:40.7

I regard it as an adventure and memos I get on situations at work.

0:47.0

I don't look at them as work.

0:49.0

I look at them as short stories and I get to play a part in this story.

0:54.0

I can help write this story.

0:56.1

That's fascinating.

0:57.1

So I don't feel put upon with the normal concept of work.

1:02.4

I mean, it's really fascinating.

1:04.6

Can you imagine a life where you spend your time learning new things all the time?

1:10.4

How do you, of people listening to this, maybe they can drive them back and forth to the same job for 20 years,

1:17.1

you know, with a simmering frustration that they never pursued their dreams?

1:20.6

How does someone find their dream?

1:26.1

All right.

1:31.1

So we've got an extremely impressive guy in the studio, Steve Schwartzman, Chairman, CEO, co-founder of Blackstone,

1:41.1

which is the biggest, I'll call it a private equity fund, but it's really the biggest money.

...

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