New Delhi, Feb. 9 -- Business leaders and entrepreneurs often share their words of wisdom, helping many who either lack motivation or are too afraid to begin their journey. In LiveMint's quote of the day, we focus on a quote by Stephen A. Schwarzman, the co-founder and Chief Executive Officer (CEO) of Blackstone Group, which is one of the world's largest investment firms.

"I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle restarts. We buy at lower prices with less leverage."

In this quote, Schwarzman is implying that during his lifetime, he has seen many phases when money becomes scarce, businesses slow down, and prices of things like companies or stoc...