I'm not feeling undertaxed. Tax reform is an important issue. You have to have an inherent sense of fairness.

Down cycles are not fun. But they form the basis for enormous future profitability

My personal taxes are 53% of my taxable income. That's 36% on the federal level and 17% for state and local.

My biggest job really is to figure other people out. I need to understand what makes a person tick.

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.

If I get angry, it's obvious. I don't have to say much.

I love picking people. I started Blackstone, and we had no people, and now we have with our portfolio companies about 750,000 people all over the world. Everybody who is at a senior level has ultimately been picked by me.