[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/blog.terabox.com\/insights\/tony-james-blackstone-lecciones-inversion-liderazgo#BlogPosting","mainEntityOfPage":"https:\/\/blog.terabox.com\/insights\/tony-james-blackstone-lecciones-inversion-liderazgo","headline":"Tony James: Lecciones de Inversi\u00f3n y el \u00c9xito de Blackstone","name":"Tony James: Lecciones de Inversi\u00f3n y el \u00c9xito de Blackstone","description":"\ud83d\udcfa V\u00eddeo de estudio recomendado hoy: https:\/\/www.youtube.com\/watch?v=Z4i1adGvD2A El arquitecto del capital: Lecciones de Tony James sobre el crecimiento a gran escalaEl ascenso en DLJ y la chispa de CostcoLa metamorfosis de BlackstoneEl futuro del capital privado y la retenci\u00f3n de... ","datePublished":"2026-07-08","dateModified":"2026-07-08","author":{"@type":"Person","@id":"https:\/\/blog.terabox.com\/author\/flextech-admin\/#Person","name":"flextech-admin","url":"https:\/\/blog.terabox.com\/author\/flextech-admin\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=150&d=mm&r=gforcedefault=1","url":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=150&d=mm&r=gforcedefault=1","height":96,"width":96}},"publisher":{"@type":"Organization","name":"terabox","logo":{"@type":"ImageObject","@id":"http:\/\/blog.terabox.com\/wp-content\/uploads\/2021\/11\/logo\u4ea7\u54c1\u540d-\u7ad6\u7248.png","url":"http:\/\/blog.terabox.com\/wp-content\/uploads\/2021\/11\/logo\u4ea7\u54c1\u540d-\u7ad6\u7248.png","width":900,"height":900}},"image":{"@type":"ImageObject","@id":"https:\/\/img.youtube.com\/vi\/Z4i1adGvD2A\/maxresdefault.jpg","url":"https:\/\/img.youtube.com\/vi\/Z4i1adGvD2A\/maxresdefault.jpg","height":"","width":""},"url":"https:\/\/blog.terabox.com\/insights\/tony-james-blackstone-lecciones-inversion-liderazgo","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=Z4i1adGvD2A#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=Z4i1adGvD2A","name":"Building Blackstone, Backing Costco, and Working with Munger | Tony James on The a16z Show","description":"David Haber speaks to Tony James, former President and COO of Blackstone, about what it takes to build enduring investment franchises across five decades on Wall Street.They discuss how DLJ used principal capital to outflank better-capitalized rivals in private equity, the lessons from backing Jim Sinegal at Costco's Series A and serving alongside Charlie Munger for 30 years, and how scaled to new heights through retail distribution, disciplined acquisitions, and a succession plan built to preserve momentum. \n\nTimestamps:\n00:00 - Trailer\n00:45 - Starting at DLJ: Getting in on the Ground Floor\n03:05 - The LBO Revolution & Building a Merchant Bank\n09:09 - Leading the Series A into Costco & Lessons from Jim Sinegal\n15:00 - 38 Years on the Costco Board & Learning from Charlie Munger\n25:17 - Joining Blackstone: The Partnership with Steve Schwarzman\n33:44 - Blackstone's journey from $14B to nearly $1 Trillion\n44:09 - Investment Committee Culture & the Art of Robust Debate\n53:41 - The IPO, Retail Distribution & Building Competitive Moats\n01:05:39 - Succession Planning & Knowing When to Step Away\n01:10:00 - The Future of Private Markets\n01:15:24 - Advice for Young People\n\nResources:\nFollow David Haber on X: https:\/\/twitter.com\/dhaber\n\nStay Updated:\nIf you enjoyed this episode, be sure to like, subscribe, and share with your friends!\n\nFind a16z on X: https:\/\/twitter.com\/a16z\n\nFind a16z on LinkedIn: https:\/\/www.linkedin.com\/company\/a16z\n\nListen to the a16z Podcast on Spotify: https:\/\/open.spotify.com\/show\/5bC65RDvs3oxnLyqqvkUYX\n\nListen to the a16z Podcast on Apple Podcasts: https:\/\/podcasts.apple.com\/us\/podcast\/a16z-podcast\/id842818711\n\nFollow our host: https:\/\/x.com\/eriktorenberg\n\nPlease note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. 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