King of Capital
King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone
Authors
David Carey and John E. Morris
Published Date
2010
Page Count
400
Overview
“King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone” by David Carey and John E. Morris chronicles the history of Blackstone and its co-founder Steve Schwarzman, one of the most powerful and enigmatic figures in global finance. The book details the firm’s journey from a modest investment firm to a global behemoth in private equity and finance, delving into the strategies, deals, and financial innovations that defined its success.
Key Themes
- Private Equity and Finance: Offers an inside look into the world of private equity and leveraged buyouts.
- Biography of Steve Schwarzman: Provides insights into the life and career of Blackstone’s co-founder.
- Business Strategies and Deal-Making: Explores the strategic moves and key deals that propelled Blackstone to its leading position.
- Market Cycles and Economic Impacts: Examines how market cycles and economic changes affected Blackstone and the private equity industry.
Historical Context
Set against the backdrop of the evolving global financial landscape from the 1980s to the 2000s, the book provides insights into significant economic and financial developments, including booms, busts, and regulatory changes.
Authors’ Background
David Carey and John E. Morris are seasoned journalists specializing in private equity and finance. Their deep industry knowledge and access to key figures provide a comprehensive view of Blackstone and Steve Schwarzman.
Impact and Legacy
The book is praised for its detailed reporting and comprehensive analysis of one of the most influential firms in finance, offering valuable insights into the private equity industry.
Strengths and Weaknesses
Strengths: In-depth research, engaging narrative, and detailed case studies make the book both informative and compelling.
Weaknesses: The focus on Blackstone and Schwarzman may not provide a broader view of the private equity industry as a whole.
Who Should Read This?
Ideal for finance professionals, investors, and anyone interested in the history and workings of private equity, as well as those looking for a detailed biography of Steve Schwarzman and the story of Blackstone.
Similar Books
- “The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy” by Josh Kosman: Offers a critical view of the private equity industry.
- “Barbarians at the Gate: The Fall of RJR Nabisco” by Bryan Burrough and John Helyar: A classic account of one of the most famous leveraged buyouts in history.
Final Thoughts
“King of Capital” is a fascinating and insightful read, offering an in-depth look at the inner workings of Blackstone and the mind of one of the most influential figures in finance, Steve Schwarzman. The book is a testament to the complexity, innovation, and impact of the private equity world.