Blackstone CEO Steve Schwarzman said that Republican presidential nominee Donald Trump would be more “efficient and effective” as president compared to his first term eight years ago.

Schwarzman made the comments at the Future Investment Initiative, the annual business conference held in Saudi Arabia.

“I think when he started in 2016, this was completely new territory,” Schwarzman told the panel. “Most people who are president have no idea what that job is really like because it is so different than any other job. And in his case, that was true.

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