How does Stephen Schwarzman approach business failures?

Stephen Schwarzman believes failures are invaluable learning opportunities. He spends more time analyzing failures than successes, examining what went wrong, who missed it, and why systems failed. Unlike many who become defensive about failures, Schwarzman approaches them with curiosity, always asking 'What are we supposed to be learning here?' His objective is to get better from every failure, similar to how Japanese culture values the wisdom that comes with age and life experience. This approach fosters resilience and continuous improvement in business leadership.