Really well written and thoroughly researched book into the making of M&A and the buyout firms. Blackstone alone owned all or part of fifty-one companies employing a half-million people and generating $171 billion in sales every year, putting it on a par with the tenth-largest corporation in the world. I would recommend it to any finance major or finance enthousiast. It's a compelling book to read for someone like that and who has an interest in finance. The financier’s lavish holiday parties were already well known in Manhattan’s moneyed circles. “The authors … [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. © 2008-2020, Amazon.com, Inc. or its affiliates, Professional & Technical Corporate Finance, includes free international wireless delivery via. The wealth and size of investments is repulsive and it seems success is measured by hard cash and nothing else. The decor was copied, the paper observed, “even down to a grandfather clock and Old Masters paintings on the wall.” R&B star Patti LaBelle was on hand to sing “Happy Birthday.” Beneath an immense portrait of the financier—also a replica of one hanging in his apartment—the headliners, singer Rod Stewart and comic Martin Short, strutted and joked into the late hours. You can view Barnes & Noble’s Privacy Policy. My biggest takeaway is the scale of it all in sheer dollar terms. . My biggest takeaway is the scale of it all. Please try again. Here is an excerpt from Value and Opportunity‘s book review of King Of Capital: The Remarkable Rise, Fall, And Rise Again Of Steve Schwarzman And Blackstone by David Carey followed by a description from Amazon.. © 2008-2020, Amazon.com, Inc. or its affiliates. For anyone interested in private equity, this is a must-read because it gives a fantastic overview and history of the industry. October 5th 2010 Nalco! The insight and journey from the 1980s to now was a trip down memory lane. Buy King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone Reprint by David Carey, John E. Morris (ISBN: 9780307886026) from Amazon's Book Store. Something went wrong. After two decades of working hard, you get "discovered" by the media, and you are an "overnight success" (20 years in the making). 0:28. Submit your email address to receive Barnes & Noble offers & updates. It also delivers some fun details about many of the now-famous Wall Street players that did tours of duty at the firm. Less of a focus on Schwartzman or Bx than I expected. cannon fodder in the culture wars. It is 1291 and the armies of the Mamluk Sultan Al-Ashraf Kahlil have besieged the To be fair, I probably wouldn't have read this book if I wasn't starting a private equity internship in a few days. Nothing wrong with that but makes for a lack of interesting characters to be inspired by. We’d love your help. It's actually about the past thirty years of private equity, including some lengthy sections on the ... King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve ... King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone. . Rewards Crowdfunding: The Kickstarter & Indiegogo Guide For Campaign Creators (Alte... “The authors … [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. The Maha-Janapadas. By then, the buzz had been building for weeks.Stephen Schwarzman, cofounder of the Blackstone Group, the world’s largest private equity firm, was about to turn sixty and was planning a fête. KING OF CAPITAL: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone (Crown Business; October 2010) tells how how Schwarzman and his co-founder Pete Peterson, starting with just one secretary in 1985, built a powerhouse that weathered the financial crisis successfully even as other institutions crumbled. It is NOT focused on Steve Schwarzman as much as I thought. The initial public offering, or IPO, yielded a second windfall for Schwarzman and his partners. Be the first to ask a question about King of Capital. The Sympathizer: A Novel (Pulitzer Prize for Fiction). 0:28. 2340 Ratings. Chapter 4: He worked the phones, and on Thursday, October 15, 1987, Blackstone wrapped up the fund at around $635 million, with some mop-up legal work on Friday. Bloomberg Brief: Merger, ©1997-2020 Barnes & Noble Booksellers, Inc. 122 Fifth Avenue, New York, NY 10011. Please try again. Reviewed in the United Kingdom on November 26, 2019. "[King of Capital] ranks as one of the most even-handed treatments of the industry." Once again Brother Ronan MacAlasdair will be called upon to defend the Faith in a desperate attempt to hold onto the ... Today the classics of the western canon, written by the proverbial dead white men,” are ... Today the classics of the western canon, written by the proverbial dead white men,” are I was expecting a little bit more of a biography of him as well as Blackstone. Fast, FREE delivery, video streaming, music, and much more. Even after the Babylonian Empire Going public had laid bare the fantastic profits that Schwarzman’s company was throwing off. An expose into the fascinating world of the PE/LBO firms ... An expose into the fascinating world of the PE/LBO firms of the 1980's, and the birth of the "king" of them all. Use up arrow (for mozilla firefox browser alt+up arrow) and down arrow (for mozilla firefox browser alt+down arrow) to review and enter to select. Key West Railroad—one of the greatest engineering feats ever undertaken, destroyed in one fell swoop by the strongest storm ever to hit U.S. shores. Well, kinda. After viewing product detail pages, look here to find an easy way to navigate back to pages that interest you.