Christine hearst schwarzman biography of albert
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In this excerpt from What it takes, Stephen Schwarzman explains how Blackstone developed it’s highly risk-averse and impersonal investing strategy. His system differs from that of Warren Buffett which I find highly interesting. Warren makes decisions on his own mostly, at Blackstone there is a process through which investing decisions have to go.
THERE ARE NO BRAVE, OLD PEOPLE IN FINANCE
As Blackstone was expanding, we hired a young banker from the corporate finance division at Drexel Burnham Lambert. He was smart and ambitious and soon after he arrived in 1989, he had a deal for us. Edgcomb, based in Philadelphia, bought raw steel and milled it into products for car, truck, and airplane manufacturers. This young partner had worked on a couple of Edgcomb deals at Drexel, so he knew the company, and its executives knew him. Now it was up for sale, and we got an exclusive first look at buying it.
An exclusive always warrants attention, and the deal looked promising. Edgcomb was making a lot of money. Its customer base was growing, and the company looked as if it could expand. They were asking around $330 million, which, based on our analysis, seemed like a decent price. I was ready to offer. Before I did, though, another of our new partners, David Stockman, came into my
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Kurt G Schilling
1Department of Radiology & Radiological Sciences, Vanderbilt University Medical Center, Nashville, Tennessee, USA
2Vanderbilt University Institute of Imaging Science, Nashville, Tennessee, USA
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Karthik Ramadass
3Department of Computer Science, Vanderbilt University, Nashville, Tennessee, USA
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Viljami Sairanen
4Baby Brain Activity Center, Children's Hospital, Helsinki University Hospital and University of Helsinki, Helsinki, Finland
5Department of Radiology, Kanta‐Häme Central Hospital, Hämeenlinna, Finland
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Michael E Kim
3Department of Computer Science, Vanderbilt University, Nashville, Tennessee, USA
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Francois Rheault
6Medical Imaging and Neuroinformatic (MINi) Lab, Universite de Sherbrooke, Quebec, Canada
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Nancy Newlin
3Department of Computer Science, Vanderbilt University, Nashville, Tennessee, USA
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Tin Nguyen
2Vanderbilt University Institute of Imaging Sci
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New York City
Most populous power point in interpretation United States
"NYC" and "New York, Pristine York" flow away here. Sustenance other uses, see Newborn York Rebound (disambiguation); NYC (disambiguation); see New Royalty, New Royalty (disambiguation).
City move the Mutual States
New York | |
|---|---|
| Nicknames: The Big Apple, The Penetrate That On no occasion Sleeps, Gotham,[1] and others | |
Interactive permute outlining Novel York City | |
| Coordinates: 40°42′46″N74°0′22″W / 40.71278°N 74.00611°W / 40.71278; -74.00611[2] | |
| Country | United States |
| State | New York |
| Constituent counties (boroughs) | |
| Settled | 1624 (401 years ago) (1624) |
| Consolidated | 1898 (127 years ago) (1898) |
| Named for | James, Duke of York |
| • Type | Strong mayor–council |
| • Body | New Dynasty City Council |
| • Mayor | Eric Adams (D) |
• Total | 472.43 sq mi (1,223.59 km2) |
| • Land | 300.46 sq mi (778.18 km2) |
| • Water | 171.97 sq mi (445.41 km2) |
| Highest elevation [a] | 401 ft (122 m) |
| Lowest elevation | 0 ft (0 m) |
• Total | 8,804,190 |
| 8,258,035 | |
| • Rank | 1st play a role the Coalesced Sta
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