I had some amazing teachers and coaches. I had a history teacher in the eleventh grade in American history named Norman Schmitt who was wonderful. He just made American history burst forth, and I was entranced by it. I always liked to study and get good grades, but there were always kids smarter. I might be in the top — oh, I don’t know — six percent of my class, but that meant there were five percent that were smarter, and indeed they were. I also had an amazing track coach, ironically named Jack Armstrong, very much like an all-American boy, and indeed, he was. When we ran competitively, we were second in the country in the AAU junior championships. His teams — as a testament to him, rather than any of the individuals like myself — when I graduated from high school, until that time, he had been 107 and 2 as a record in dual meets, which meant that he went through many different generations of kids, and the kids always mysteriously ended up being enormously capable, which was a testament to him. He would have all kinds of wonderful ways of motivating people. We used to train in the winter as well as the summer. We trained outdoors in the freezing cold, ran sprints and middle distances on frozen parking lots, which is a real challenge as the wind’s whipping and you’re wondering if your legs are going to go out from under you. No matter how miserable you felt, he would be there smiling, and as you rounded the location where he was, he’d say, “You’ve got to make some deposits on training day to make some withdrawals on meet day,” and he was very cheerful because, after a while, you were wondering why were you going through this level of agony. So I realized what I was doing was making these horrible deposits of sort of bashing myself physically, so when it was time to actually compete, it was effortless. So I’ve learned many lessons from great inspirational people. But that seemed totally practical to me, unfortunately, and I hated every minute of it, but I liked the winning when we had meets. That was just an example. But the camaraderie on the team was fantastic.
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Stephen Schwarzman
Co-founder, chairman and chief executive of Blackstone
United States · b. 1947
Business and finance
About
Co-founded Blackstone in 1985 with four hundred thousand dollars of capital and built it into the largest alternative asset manager in the world. Endowed the Schwarzman Scholars programme at Tsinghua University and the Schwarzman Centre at the New York Public Library.
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