I chose to start Schwarzman Scholars because I saw the potential for the world to become focused and unhappy with China, in large part because of the populism that was growing throughout the world.

I'm concerned with China growing at double or triple the rate of the West, that there will be tensions. One needs to do something to start addressing misunderstandings and frustration.

Inaccurate analysis produces faulty insights and bad decisions - which lead to losing a tremendous amount of money.

The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way.

I grew up playing golf, and if I were ever good enough to play professionally, I would get to travel the world while playing a sport I love.

I love good balance, so being a collector is a fun little thing while we travel this world. I mean, every night, it's something else. The other night, I head-banged a dude on my rental car and drove him through the curtain in my rental car. So some moments are not as good as others, but they are all fun, that's for sure.

People often ask us what we get by our frequent travel to countries. I want to tell them we do not travel to have fun; we travel to build our relationship with other countries, and it is because of our ties with these countries that we were able to rescue 7,000 people from Yemen.

I was always just into my music and maybe into trying to save the world a little bit. I never really thought I'd have a hit record or anything like that. I was prepared to travel around all over the country, kind of like a Johnny Appleseed, and sing.