In this podcast, John Gray, COO of Blackstone, shares insights on the firm's achievements and his approach to building and investing in thriving businesses. He attributes Blackstone's success to a steadfast commitment to providing top-tier returns for clients by focusing on investments in promising markets with strong competitive advantages, or "moats." Gray points to Hilton Hotels as a key example, noting its shift from a capital-heavy model to a more efficient management and franchising approach. Additionally, he discusses his decision-making process, which combines data analysis with instinct, and offers valuable advice to young professionals: work hard, stay passionate, and actively seek opportunities to grow.