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Finance is not about math, Blackstone CEO:

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Steve Schwarzman: "I didn't even make it to Calculus, I basically capped out to 3rd grade math." Blackstone's Founder says finance is about numbers; but not math, it's more about driving towards the right assumptions:
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Steve Schwarzman: "I didn't even make it to Calculus, I basically capped out to 3rd grade math." Blackstone's Founder says finance is about numbers; but not math, it's more about driving towards the right assumptions:

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CEO of Blackstone Stephen Schwarzman offers a surprising confession: The man who built a $1 trillion firm never made it past basic math. "Don't think when you go into finance, it's just about numbers. I didn't even make it, you know, to calculus." When asked how someone with such limited math skills became so successful, Schwarzman's answer cuts straight to the point: "Because finance is not about math. It's really figuring out what makes sense." Most people assume finance is a numbers game, where the best investors simply out-math the room. Schwarzman disagrees entirely. He continues: "If a company's going to grow, why? It's not the numbers that come from it. It's the why. Why is that happening? Is that going to continue to happen? Is it going to get better or is it going to get worse?" For Schwarzman, the real edge in finance is judgment — the ability to look beyond the numbers and understand the story behind them: "This isn't a financial skill per se. It's judgment. It involves understanding in a general sense. It's figuring out what seems reasonable." Schwarzman built one of the most powerful investment firms in history not by out-calculating everyone, but by out-thinking them.
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CEO of Blackstone Stephen Schwarzman offers a surprising confession: The man who built a $1 trillion firm never made it past basic math. "Don't think when you go into finance, it's just about numbers. I didn't even make it, you know, to calculus." When asked how someone with such limited math skills became so successful, Schwarzman's answer cuts straight to the point: "Because finance is not about math. It's really figuring out what makes sense." Most people assume finance is a numbers game, where the best investors simply out-math the room. Schwarzman disagrees entirely. He continues: "If a company's going to grow, why? It's not the numbers that come from it. It's the why. Why is that happening? Is that going to continue to happen? Is it going to get better or is it going to get worse?" For Schwarzman, the real edge in finance is judgment — the ability to look beyond the numbers and understand the story behind them: "This isn't a financial skill per se. It's judgment. It involves understanding in a general sense. It's figuring out what seems reasonable." Schwarzman built one of the most powerful investment firms in history not by out-calculating everyone, but by out-thinking them.

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