Su Shimin, co-founder, chairman and CEO of global private equity giant Blackstone Group, holds a bachelor's degree from Yale University and an MBA degree from Harvard Business School. He and peter peterson founded Blackstone Group for $400,000 and developed it into the real king of private equity on Wall Street.
Now, Blackstone Group has become the largest private equity asset management company and real estate management company in the world. As of the third quarter of 20 19, Blackstone managed more than 550 billion dollars. The per capita profit of Blackstone Group is nine times that of Goldman Sachs, and the average return on investment in the past 30 years has reached more than 30%. More than 70% of the top 50 companies and pension funds in the United States have investments from Blackstone.
Su Shimin was called "King of Xinhua Street", "Buffett in Private Equity" and "American Landlord" by the media. He is also a philanthropist with billions of dollars. On June 2, 2020, Forbes published the list of charitable donations in the United States in 20 19, and Su Shimin ranked sixth with donations of 654.38+88 million dollars. He personally donated $6,543.8 billion to support Tsinghua University's project of building Schwarczman scholars and setting up global scholars, which is the largest single charitable donation China University has received from abroad so far.
Su Shimin: My experience and lessons.
Doing big things is as easy as doing small things, so pursue a dream worth pursuing and get a reward commensurate with your efforts.
It is as difficult to do great things as it is to do small things. So choose a lofty goal worth pursuing, so that the return and pay match.
2. The best executives are cultivated, not born. They never stop learning. Study the people and organizations that have achieved great success in your life. They offer free courses from the real world to help you improve.
The best executives are not born, but honed. They study tirelessly and never stop. Be good at studying people and organizations that have achieved great success in your life. They can provide free tutorials on how to succeed in the real world, which can help you improve yourself.
3. Write or call people you admire and ask them for advice or a meeting. You never know who will want to meet you. You may eventually learn something important, or form a relationship that you can use for the rest of your life. Getting to know others at an early age will create an unusual bond.
Write or call people you admire and ask them for advice or opportunities to meet. You never know who will want to see you. In the end, you will learn a lot from these people and build relationships that you can enjoy for the rest of your life. The people you made in your early years will form an extraordinary emotional bond with you.
Nothing interests people more than their own problems. Think about what others are dealing with and try to find a way to help them. Almost anyone, no matter how high or important his position is, will accept new ideas as long as he has ideas.
People always think that the most interesting topic is related to themselves. Therefore, we should be good at analyzing other people's problems and try our best to put forward ways to help others. Almost all people, no matter how famous and noble they are, are willing to accept new ideas, provided, of course, that they are well thought out.
Every business is a closed and complete system, which consists of a series of different but interrelated parts. Great managers know how each part works independently and how to connect with all other parts.
Every enterprise is a closed integrated system, and its internal components have unique performance but are interrelated. Good managers not only know how each part works independently, but also know how each part cooperates with each other.
Information is the most important asset in business. The more you know, the more perspectives you have, and the more likely you are to find patterns and anomalies before the competition. Therefore, always be open to new input, whether it is people, experience or knowledge.
Information is the most important business asset. The more you master, the more perspectives you have, and the more likely you are to find laws and anomalies in front of your competitors. Therefore, we should always keep an open attitude towards new things, whether new people, new experiences or new knowledge.
7. When you are young, only look for a job that can make you have a high learning curve and strong training. The first job is the foundation. Don't accept a job just because it looks prestigious.
When you are young, please accept a job that can provide you with a steep learning curve and hard training opportunities. The first job is to lay the foundation for life. Don't accept a job easily for the sake of temporary popularity.
8. When presenting yourself, it is important to remember the impression. The whole picture must be correct. Others will pay attention to all kinds of clues and hints and tell you who it is. Be punctual. Be real. Get ready.
When introducing yourself, please remember that impression is very important. The overall image must be flawless. People will judge your true colors through various clues. Therefore, we must be punctual, be true and honest, and be fully prepared.
No one, no matter how clever, can solve all the problems. But a group of smart people can talk openly.
No matter how clever a person is, it is impossible to solve all the problems. An open and honest team composed of smart people can go all the way to the disadvantage.
People in trouble often pay attention to their own problems, and the answer usually lies in solving others' problems.
People in trouble often only focus on their own problems, and the way to solve problems usually lies in how you solve other people's problems.
Believe in something greater than yourself and your personal needs. It can be your company, your country, or an obligation to serve. Whether you succeed or fail, any challenge inspired by your beliefs and core values is worthwhile.
A person's belief must go beyond self and personal needs, which can be his own company, his motherland or his service obligation. Any challenge inspired by beliefs and core values is worthwhile, no matter whether the final result is success or failure.
Never deviate from your view of right and wrong. Your integrity is beyond doubt. It's easy to do the right thing when you don't have to write a check or bear any consequences. It's even harder when you have to give up something. Always do what you say you will do, and never mislead anyone for your own benefit.
Always black and white, never give up. Your integrity is beyond doubt. It is not difficult to insist on doing the right thing when one does not have to pay the price or bear the consequences. But when you have to give up something, it's hard to keep your credit history. Keep your word and don't mislead anyone for your own benefit.
Be bold. Successful entrepreneurs, managers and individuals have the confidence and courage to take action when the time is right. When others are cautious, they accept risks; When others freeze, they take action, but they do it wisely. This trait is the symbol of a leader.
Go ahead bravely. Successful entrepreneurs, managers and individuals are determined to win, indomitable spirit. They will do their part in due course. If others are cautious, they will accept risks; When others look back, they will take action, but they will choose a wise way. This trait is a sign of a leader.
Never be complacent. Nothing lasts forever. Whether it is an individual or an enterprise, if you don't constantly seek ways to reshape and improve yourself, your competition will beat you. Organizations in particular are more fragile than you think.
Never be complacent. Nothing is still. No matter individuals or enterprises, if they don't always seek ways to reshape themselves and improve themselves, they will be defeated by their competitors. Especially organizations, because organizations are more fragile than expected.
The first sales promotion rarely leads to a deal. Just because you believe something doesn't mean that others will believe it. You need to be able to sell your Visionover and over again. Most people don't like change, so you need to be able to convince them why they should accept change. Don't be afraid to ask what you want.
Few people can complete the sale in the first introduction. Just because you believe something doesn't mean others are willing to accept it. You need to be able to sell your vision firmly again and again. Most people don't like change, so you need to convince them why they should accept it. Don't be afraid to fight for what you want.
If you see a huge and transformative opportunity, don't worry that no one is pursuing it. You may see things that others can't. The more difficult the problem is, the more limited the competition is. Whoever can solve it will get more rewards.
If you see a huge opportunity for change, don't wonder why others didn't take action. You may see things that others can't. The more serious the problem, the more limited the competition, and the greater the reward for solving the problem.
Success comes from rare opportunities. Stay open, alert and ready to catch them. Gather the right people and resources; Then submit it. If you are not prepared to make efforts, either the opportunity is not as attractive as you think, or you are not the right person to pursue it.
In the final analysis, success is to seize a few opportunities. Always keep an open mind, observe calmly, be highly alert, and be ready to seize opportunities at any time. Need to co-ordinate appropriate human and other resources, and then go all out. If you are not ready to do your best, either because the opportunity is not as attractive as you think, or because you are not the right person to seize it.
Time can hurt all transactions, sometimes even fatal. Usually, the longer you wait, the more surprises are waiting for you. Especially in difficult negotiations, let everyone stay at the negotiating table long enough to reach an agreement.
Time will have a negative impact on all transactions, sometimes even fatal. Generally speaking, the longer you wait, the more unexpected things will happen. Especially in difficult negotiations, let everyone negotiate for a long time at the negotiating table to reach an agreement.
19, don't lose money! ! ! Objectively evaluate the risk of each opportunity.
Don't lose money! ! ! Objectively evaluate the risk of each opportunity.
20. Make a decision when you are ready, without pressure. Others will always force you to make a decision for their own purposes, internal politics, or other external needs. But you can almost always say, "I need more time to think about it." I will come back for you. " This strategy is very effective in resolving the most difficult and uncomfortable situations.
Make a decision when you are ready. Don't be under pressure. Either to achieve personal goals, or because of internal political struggles, or because of some external needs, others will always urge you to make a decision. But almost every time you can say, "I need more time to think about this problem." I'll get back to you when I think it over. "Even in the most difficult and unpleasant situations, this strategy is very effective.
2 1 Worry is an active and liberating activity. If properly guided, it can make you clearly express negative effects under any circumstances and drive you to take actions to avoid negative effects.
Worry is a positive psychological activity, which can broaden people's thinking. If you can guide this emotion correctly, you can gain insight into the negative risks in any situation and take actions to avoid these risks.
22. Failure is the best teacher in an organization. Talk openly and objectively about failure. Analyze what went wrong. You will learn new rules of decision-making and organizational behavior. If properly assessed, failure may change the process of any organization and make it more successful in the future.
Failure is the best teacher in the organization. Talk openly and objectively about failures and analyze problems, and you will learn new rules about decision-making and organizational behavior from failures. If correctly assessed, failure may change an organization's process and make it more successful in the future.
23. Hire 10 as much as possible. They proactively perceive problems, design solutions, and lead enterprises in new directions. They also attract and hire others 10. You can always build something around a 10.
Hire 10 talents as much as possible, because they will actively perceive problems, design solutions and start business in new directions. They will also attract and hire other talents with a score of 10. People with a score of 10 can do everything with ease.
24. Stay with the good people you know, even if everyone else walks away. Anyone can get into trouble. A random act of kindness can change the course of life and create unexpected friendship or loyalty when someone needs it.
If you think a person's essence is good, you should always help him, even if others leave him. Anyone can get into trouble. When others need it, an accidental kindness will change his life track and produce unexpected friendship or loyalty.
Everyone has a dream. Do your best to help others achieve their goals.
Everyone has a dream. Try your best to help others achieve their goals.