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.

Students and postdoctoral fellows largely depend on the support of the public sector to finance the training and research that will make them world-renowned scientists.

Money is there to put food on the table and make sure your family is cared for. Anything beyond that can be argued as extraneous.

I'd made enough money by the time I was 12 to never have to work again.

It is not wealth, it is not station, it is not social standing and ambition which can make us worthy of the Jewish name, of the Jewish heritage. To be worthy of them, we must live up to and with them. We must regard ourselves their custodians.