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King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone Audiobook
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(3.01) - 183 listener ratings
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Publisher Description
The story of Steve Schwarzman, Blackstone, and a financial revolution, King of Capital is the greatest untold success story on Wall Street.
In King of Capital, David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and "barbarians at the gate" into disciplined, risk-conscious investors while the financial establishment—banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley—were recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Now, not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance.
Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson, King of Capital shows how Blackstone and private equity will drive the economy and provide a model for how financing will work in the years to come.
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"Super fun read. Very interesting look into the history of private equity, with decent profiling of the larger-than-life personalities involved. The level of detail and context was nowhere near the depth of Barbarians at the Gate though."
— Nicholas (4 out of 5 stars)
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"King of Capital aspires to be a serious portrait of Blackstone and the way that Schwarzman so brilliantly built it up, scoring numerous coups along the way and avoiding the mistakes of many competitors. And it does a fine job in what it sets out to do.”
— Financial Times -
“The authors link Blackstone’s history to the larger story of private equity’s expansion and its relationship to corporate America. They offer a lucid explanation of how the debt markets evolved from junk bonds to securitised loans, changing the types of deals that private-equity firms were able to finance.”
— Economist -
[King of Capital] ranks as one of the most even-handed treatments of the industry.
— Bloomberg Brief: Merger
King of Capital Listener Reviews
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Tim Davis, 3/2/2023
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" Good history of Blackstone and the Private Equity world (at least in the US). "
— Marc, 8/11/2013 -
" Great history of PE - relevant, current, focused on Blackstone but also discusses competitors when relevant. Felt a little long winded and disorganized, and I wouldn't read it again. "
— Joanna, 7/10/2013 -
" Great walk through of some of the history of private equity "
— Brentley, 3/7/2013 -
" Good but a bit tedious at times. "
— Chad, 9/27/2012 -
" learn how to hustle "
— Jancodamas, 1/28/2012 -
" A detailed book on the history of Blackstone and the private equity industry. Not the most entertaining read, but great nonetheless. "
— Brian, 7/10/2011
About the Authors
David Carey is a senior writer for the Deal, a news service and magazine covering private equity and mergers and acquisitions. Before joining the Deal, he was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor, and Financial World. Carey has followed the buyout industry for more than fifteen years. He is a frequent guest on CNBC and is often quoted about private equity in the general business press.
George K. Wilson is a working actor in stage, film, television, and commercials with almost one hundred audiobook narrations to his credit. He began in broadcast journalism with American Forces Radio and Television and is a graduate of the American Academy of Dramatic Arts. He had a lead role in the cult film classic Attack of the Killer Tomatoes and appeared on television’s One Life to Live, Ryan’s Hope, and The Doctors and has been heard on voice-overs for The Guiding Light and The Cosby Show, as well as many television and radio commercials.
About George K. Wilson
George K. Wilson is a working actor in stage, film, television, and commercials with almost one hundred audiobook narrations to his credit. He began in broadcast journalism with American Forces Radio and Television and is a graduate of the American Academy of Dramatic Arts. He had a lead role in the cult film classic Attack of the Killer Tomatoes and appeared on television’s One Life to Live, Ryan’s Hope, and The Doctors and has been heard on voice-overs for The Guiding Light and The Cosby Show, as well as many television and radio commercials.