STEVE SCHWARZMAN

It's as easy to do a big deal as a small deal, so why not do big ones?

I always try to avoid losing money. The best investments are the ones where the downside is protected.

When you're young and you see people who are successful, you think they have some special talent. What I've learned is that it's mostly persistence and hard work.

Every great business is built around a secret that others don't know or have underestimated.

Invest in things where, if you're wrong, you can still survive.

The pain of losing money is far greater than the pleasure of making it. Protect the downside.