King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone by David Carey and John Morris is more than just a book about Blackstone—it’s a history of private equity. Carey and Morris explain the sometimes esoteric world of this segment of high finance. They recount its cycles of booms and busts from the 1980s through the 2010s, and explain how Blackstone navigated the sometimes tumultuous waters to ultimately become one of the most influential alternative investment management companies in the world. In this episode we explain the basics of private equity and discuss the history of the private equity as recounted in the book. Show Notes King of Capital via Amazon Follow us on Twitter @BusinessBooksCo and join our Amazon book club. Edited by Giacomo Guatteri Find out more at http://businessbooksandco.com