Stephen Schwarzman thinks the drop in energy prices is creating "wonderful, wonderful" options for investors.
"I think this is going to be one of the best opportunities we've had in many, many years," the CEO of private equity giant Blackstone Group said at the DealBook Conference in New York Thursday.
"I think there's going to be a fallout. I can't tell you how big. But I can tell you I like buying things cheaper than more expensive," Schwarzman said of companies being hurt by plummeting oil prices.