Are Markets Overvalued and Concentration Risks

Harvey Schwartz, CEO of Carlyle, reflects on his unconventional journey from a challenging upbringing and early career uncertainties, to the peak of global finance, including senior roles at Goldman Sachs. Schwartz, who oversees over $450 billion in assets at Carlyle, dives deep into how private markets have evolved, the factors driving their extraordinary growth, and his perspective on the future of public versus private capital.

As the conversation unfolds, Schwartz candidly addresses topics like mental health and personal adversity, sharing lessons on harnessing insecurity as a strength and the importance of mentorship and humility in leadership. The episode also explores the current economic environment, the resilience of US and global markets, the impact of fiscal and monetary stimulus, and the outlook for interest rates and credit markets. Listeners will gain unique insights into financial cycles, the maturation of global capital markets, and practical leadership advice from one of the investment industry’s most experienced figures.

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