The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Harvey Schwartz leads Carlyle as The Navigator, reading macroeconomic signals with the patience of a long-horizon cartographer rather than the reflexes of a trader. His dismissal of vintage-picking distills his philosophy: steady participation beats opportunistic timing.
“EBITDA is growing 9-10%, activity is high, the economy has been quite resilient. You're starting to see some weakness in the consumer. But I would say longer term, again, it depends on the risk profile that you're seeking.”
“Yeah, so I can break that into two parts. I think on the mental health front, I didn't even speak about my parents' illness really to an event I did where I interviewed Ray Dalio a number of years ago. And Ray and I were in the green room catching up. And I said, and Ray openly speaks about some challenges in his family.”
“Basically, figured out how to get out of high school through some favors, didn't apply to college, took a year off, ultimately applied to Rutgers was the only school I applied to in New Jersey, didn't get in. A woman and her husband took an interest in me.”
“Yeah, I guess non-traditional probably is the right language. Two parents who were both very well educated. My father was a scientist, a PhD. My mother had a master's. But unfortunately, they were both very seriously ill. They both suffered severe mental illness. My mother suffered what we would call today bipolar disorder.”
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