David M. Rubenstein Interview - Lessons From the World's Greatest Investors
Applico
Legendary co-founder of The Carlyle Group, David M. Rubenstein, joins Applico CEO Alex Moazed to discuss his new book How to Invest: Masters on the Craft. In David's new book, he interviews the greatest investors in the world to discover the time-tested principles, hard-earned wisdom, and indispensable tools that guide their practice.
Me and David discuss a gamut of both personal and business topics including manufacturing in America, his philanthropic work around America history, today's financial landscape, and the building blocks of great investors.
00:00 - Introductions 00:58 - Why is now the right time for How To Invest? 02:06 - Building blocks of great investors 03:29 - The number one thing great investors do 05:10 - Sneaking in Jimmy Carter's office 06:57 - Managing vs investing 08:02 - Are you a good investor? 08:33 - Starting an investment firm in 2022 09:45 - How should the average investor build wealth? 10:53 - How did you pick who you interviewed? 12:05 - David's favorite historical artifact 13:10 - Where did your love for America come from? 14:24 - I've given you a republic if you can keep it 15:49 - Missing on tech investments 16:27 - Is big tech damaging our democracy? 17:40 - The need to manage risk 19:00 - Why David doesn't gamble on sports 19:16 - What is the riskiest thing you've done? 20:31 - Permanent capital funds 22:05 - Pros and cons of remote workforces 24:44 - Is the U.S. economy in trouble? 26:54 - The U.S. $31 trillion debt 28:49 - Manufacturing in the U.S. 31:19 - Passion for ESG investments 33:41 - Is it possible to have ESG investing in China? 35:57 - U.S. firms splitting with China 38:03 - Optimism for the United States 39:06 - Identifying talent at Carlyle 40:37 - The worst investments you have made? 41:15 - What did you learn from this book? 43:43 - the financial service world goes beyond investing 44:57 - Working for charity 45:45 - David's rules for philanthropy 48:54 - Parting words and conclusion
#investing #ceointerview #investingforbeginners
A master class on investing featuring conversations with the biggest names in finance, from the legendary cofounder of The Carlyle Group, David M. Rubenstein.
What do the most successful investors have in common? David M. Rubenstein, cofounder of one of the world’s largest investment firms, has spent years interviewing the greatest investors in the world to discover the time-tested principles, hard-earned wisdom, and indispensable tools that guide their practice.
Rubenstein, who has spent more than three decades in the hypercompetitive world of private equity, now distills everything he’s learned about the art and craft of investing, from venture capital, real estate, private equity, hedge funds, to crypto, endowments, SPACs, ESG, and more.
-How did Stan Druckenmiller short the British pound in one trade for a profit of $1 billion dollars? -What made Sam Zell the smartest, toughest investor the world of real estate has ever seen? -How did Mike Novogratz make $250 million off crypto in one year? -How did Larry Fink build BlackRock from scratch into a firm that manages more than $10 trillion? -How did Mary Callahan Erdoes rise to the top of J.P. Morgan’s wealth management division to manage more than $4 trillion for individuals and families all over the world? -How did Seth Klarman perfect value investing to consistently deliver net returns of nearly 20 percent?
With unprecedented access to global leaders in finance, Rubenstein has assembled the most authoritative book of its kind. How to Invest reveals the thinking of the most successful investors in the world, many of whom rarely speak publicly. Whether you’re brand-new to investing or a seasoned professional, this book will transform the way you approach investing forever. —
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