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What It Takes: Lessons in the Pursuit of Excellence-Stephen A. Schwarzman

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'This story literally has what it takes: the anecdotes, the insights and, most of all, the values to guide the next generation of entrepreneurs.' Mark Carney 'The real story of what it takes from a man who could turn dreams into realities.' Ray Dalio 'Candid, funny and real, Steve offers wisdom and the gift of much-needed common sense chapter by chapter and experience by experience. A great read!' John KerryFrom Blackstone chairman, CEO and co-founder Stephen A. Schwarzman, a long-awaited book that uses impactful episodes from Schwarzman's life to show readers how to build, transform and lead thriving organisations. Whether you are a student, entrepreneur, philanthropist, executive or simply someone looking for ways to maximise your potential, the same lessons apply. People know who Stephen Schwarzman is – he’s the man who took $400,000 and co-founded Blackstone, the investment firm that manages over $500 billion (as of January 2019). He’s the CEO whose views are sought by heads of state. He’s the billionaire philanthropist who founded Schwarzman Scholars, this century’s version of the Rhodes Scholarship, in China. But behind these achievements is a man who has spent his life learning and reflecting on what it takes to achieve excellence, make an impact, and live a life of consequence. Folding handkerchiefs in his father’s linen shop, Schwarzman dreamed of a larger life, filled with purpose and adventure.  After starting his career in finance at a financial firm called DLJ, Schwarzman began working at Lehman Brothers where he ascended to run the mergers and acquisitions practice. He eventually partnered with his mentor and friend Pete Peterson to found Blackstone, where Schwarzman’s simple mantra 'don’t lose money' has helped Blackstone become a leading private equity and real estate investor, and manager of alternative assets for institutional investors globally. Schwarzman is also an active philanthropist, having given away more than a billion dollars. His gifts have ranged from creating a new College of Computing at MIT for the study of artificial intelligence, to establishing a first-of-its-kind student and performing arts centre at Yale, to founding the Schwarzman Scholars fellowship programme at Tsinghua University in Beijing – the single largest philanthropic effort in China’s history from international donors. From deal-making to investing, leadership to entrepreneurship, philanthropy to diplomacy, Schwarzman has lessons for how to think about ambition and scale, risk and opportunities, and how to achieve success through the relentless pursuit of excellence.

Book What It Takes: Lessons in the Pursuit of Excellence Review :



Sorry, but I just can't relate to a rich kid complaining that he got into Yale but not Harvard. Truly, this book is nothing but very short clips of different events in his life. For example, he talks about how he worked on a boat one summer in college. Never does he explain how this relates to anything else in his life, not even chronological order.I got about half way in and did not learn a single thing. Time is too valuable to read something that is not interesting and not educational.
I struggle to see how the "adventures" of the book can help one succeed in their own lives and business. I fully admire the recount of some of the more interesting deals and a little recount of his childhood memories but the lessons of "What it takes" to succeed was severely lacking. In fact, two things really concerned me. He recounts stories from many, many years ago with quotes, massive quotes, of the parties involved. How does he really remember exactly what partners said 20+ years ago? I was looking for "what it takes" in the quotes and all that did was raise my spidey sense as to the validity. Another one, the "lessons in the pursuit of excellence" can be summed up in hiring well and many general tips. That's fine but hardly groundbreaking or probably the reason he is worth many billions of dollars. All in all, time is precious, this one might be one you buy when it's discounted and you have extra time.

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