King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone
| Author | : | |
| Rating | : | 4.35 (609 Votes) |
| Asin | : | 0307886026 |
| Format Type | : | paperback |
| Number of Pages | : | 400 Pages |
| Publish Date | : | 2016-04-28 |
| Language | : | English |
DESCRIPTION:
Now, not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance. Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson, King of Capital shows how Blackstone and private equity will drive the economy and provide a model for how financing will work in the years to come.. The story of Steve Schwarzman, Blackstone, and a financial revolution, King of Capital is the greatest untold success story on Wall Street In King of Capital, David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at the gate’ into discip
MORRIS has been a Bloomberg Brief editor, an editor with Dow Jones Investment Banker, and was for many years an assistant managing editor at The Deal in New York and London. Before that, he was an editor and writer at The American Lawyer magazine.To find out more visit: king-of-capital . JOHN E. Before joining Bloomberg, he was a s
It also delivers some fun details about many of the now-famous Wall Street players that did tours of duty at the firm. —New York Times DealBook “Carey and Morris’ thorough reporting offers a compelling look into the little understood Wall Street giant and the secrets of its success.” —Worth Magazine “Ranks as one of the most even-handed treatments of the industry. Schwarzman and his partners so rich. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. They offer a lucid explanation of how the debt markets evolved from junk bonds to securitised loans, changing the types of deals that private-equity firms were able to finance.” — The Economist. And it's got some really good Schwarzman stories too.” —The Deal "King of Capital aspires to be a serious portrait of Blackstone and the way that Schw
Very readable, interesting, but stops in 2011. A new edition is now necessary. Very readable book. I went thru the 300+ pages in five days of on and off reading, and it was very interesting to finally understand the mechanics behind some of the biggest LBO's ever. Also I learned a couple of financial things I did not know, and after saw the movie Wall Street with a different mindset, which made me understand it better. Having said that, the book was written in 2011-2012 and so it's dated. A new edition with . "Must Read" according to William D. Byrne Jr. Riveting? No, some parts were tedious to an extreme. Readable? Yes, with fairly tight explanations of finance and techniques from the '80s to the present. My guess is the book should be a "must read" as an education process for the business. It will remain on my Kindle as a reference. It's a history lesson and a primer at the same time.. "this is a reporter's view - it lacks the power of an insider's up close understanding of the facts" according to Avalon. This book is a fairly quick read that lays out the history of Blackstone and the origins of some of its spinoffs. Overall, I would say this book reads like a reporter's account of the facts of the situation. It does not have anywhere near the level of detail of an insider or someone that had intimate knowledge of the doings or workings of this firm. For that reason, i was a little disappointed with this book as it did not describe