The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other… — Stephen A. Schwarzman Copy Share Image
It's important that we educate Americans about how hedge funds and private equity play completely different roles. — Stephen A. Schwarzman Copy Share Image
The biggest mistake I've seen people make with their careers is, when they're good, after two or three years - and they happen to… — Stephen A. Schwarzman Copy Share Image
The language skill in the U.S. for the most part has been awful. Many Americans don't learn any foreign language. — Stephen A. Schwarzman Copy Share Image
I chose to start Schwarzman Scholars because I saw the potential for the world to become focused and unhappy with China, in large part… — Stephen A. Schwarzman Copy Share Image
Education around entrepreneurship should start early, at secondary level, and be very robust by college level. — Stephen A. Schwarzman Copy Share Image
This country, of course, needs fundamental reform of our financial regulatory system, as I, and many other financial institution executives, have publicly advocated for… — Stephen A. Schwarzman Copy Share Image
When I was much younger, I realized that when I was handling something very large, and I was on my own doing that, that… — Stephen A. Schwarzman Copy Share Image
In the Catholic schools, they spend much less money than the public schools, and they get amazing results. Private schools spend much more money… — Stephen A. Schwarzman Copy Share Image
I can't micromanage what anybody pays or doesn't pay. But the concept that half of the public isn't involved with the income-tax system is… — Stephen A. Schwarzman Copy Share Image
Ironically, when a bunch of very smart people are sitting around a table for hours trying to figure out whether they should do something,… — Stephen A. Schwarzman Copy Share Image
Every day should be a good day. People fool themselves that they'll be here forever. — Stephen A. Schwarzman Copy Share Image
In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. We must leave… — Stephen A. Schwarzman Copy Share Image
