Posted by & filed under Economic Analysis, Governments & Regulators, Growth & Valuation, Market Analysis, Personal Finance.

Description: Stephen Schwarzman says he has lived through seven major market declines or recessions in his 50 years working on Wall Street. The CEO of Blackstone Group lists them in his new book What It Takes: 1973, 1975, 1982, 1987, 1990-1992, 2001, 2008-2010. Through all those experiences, he writes that there are “simple rules” for identifying them.

Source: Fortune.com – video report

Date: Sep 20, 2019

Link: https://fortune.com/2019/09/18/blackstone-ceo-steve-schwarzman-recession/

Questions for discussion:

  • What does Steve Schwarzman say is happening in the markets?
  • What should small investors take away from his assessments?

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