Book Recommendation: King of Capital

King of Capital by David Carey and John Morris details the story of Steve Schwarzman and his private equity power-house The Blackstone Group.

This book is a great history lesson in modern finance. It does an amazing job covering major events in the past thee decades and how private equity and capital markets in general has evolved over the years. It highlights deals by Blackstone that were highly successfully and but also deals that turned out to be a complete disaster. One of my favourite parts of the book is where the author dispels many of the stereotypes and criticisms about private equity using research/data that was collected on over thousands of deals.

Overall it is a great read and I would highly recommend it to anyone interested in private equity or finance in general.

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