Guest Lecture by Stephen Schwarzman -Year 2008 Financial Markets (ECON 252) Stephen Schwarzman, Co-Founder of Blackstone Group, a private equity firm, speaks about his experience in the industry. He discusses his thoughts on global finance, particularly at such an interesting and challenging point in the history of financial institutions. Although the near future might be rough for the United States and economies around the globe, capital does tend to come back and regulators are busy figuring out how best to put safeguards on the system. He also offers career advice and mentions some of the surprises he came across upon entering the world of finance. 00:00 - Chapter 1. Introduction: Stephen Schwarzman's Profile 03:00 - Chapter 2. In His Own Words: Early Discoveries in the Financial Market 12:36 - Chapter 3. Real Estate Assets Performance with Blackstone 17:16 - Chapter 4. Deconstructing the Subprime Crisis and "Jars of American SARS" 26:53 - Chapter 5. A Recession in the Aftermath: A New Financial World 34:49 - Chapter 6. Questions: Successes and Setbacks 44:54 - Chapter 7. Personal Lessons and Insights from the Financial World 55:44 - Chapter 8. Questions: Dealing with Failure and the Future of Investing and Private Equity Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses This course was recorded in Spring 2008.
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Channels: Finance
Tags: asset classes Blackstone group global finance private equity recession subprime mortgages
Uploaded by: yalefinanmarkets ( Send Message ) on 20-08-2012.
Duration: 69m 8s
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Lec 1-Year 2008 Finance and Insurance as Powerful Forces in Our
Lec 2 -Year 2008 - The Universal Principle of Risk Management: Pooling
Lec 3 -Year 2008 - Technology and Invention in Finance
Lec 4 -Year 2008 - Portfolio Diversification and Supporting Financial
Lec 5 -Year 2008 - Insurance: The Archetypal Risk Management
Lec 6 -Year 2008 - Efficient Markets vs. Excess Volatility
Lec 7 -Year 2008 - Behavioral Finance: The Role of Psychology
Lec 8 -Year 2008 - Human Foibles, Fraud, Manipulation, and Regulation
Lec 9 -Year 2008 - Guest Lecture by David Swensen
Lec 10 -Year 2008 - Debt Markets: Term Structure
Lec 12 -Year 2008 - Real Estate Finance and its Vulnerability to Crisis
Lec 13 -Year 2008 - Banking: Successes and Failures
Lec 14 -Year 2008 - Guest Lecture by Andrew Redleaf
Lec 15 -Year 2008 - Guest Lecture by Carl Icahn
Lec 16 -Year 2008 - The Evolution and Perfection of Monetary Policy
Lec 17 -Year 2008 - Investment Banking and Secondary Markets
Lec 18 -Year 2008 - Professional Money Managers and Their Influence
Lec 19 -Year 2008 - Brokerage, ECNs, etc.
Lec 21 -Year 2008 - Forwards and Futures
Lec 22 -Year 2008 - Stock Index, Oil and Other Futures Markets
Lec 23 -Year 2008 - Options Markets
Lec 24 -Year 2008 - Making It Work for Real People: The Democratization
Lec 25 -Year 2008 - Learning from and Responding to Financial Crisis I
Lec 26 -Year 2008 Learning from and Responding to Financial Crisis II