How to Invest Like a Billionaire with David Rubenstein

Interview recorded - 1st of September, 2022

On todays episode of the WTFinance podcast I had the pleasure of speaking the Billionaire David Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group, one of the world’s largest and most successful private investment firms, host of The David Rubenstein Show: Peer-to-Peer Conversations and author of the upcoming book “How to Invest: Masters on the Craft” releasing in a few weeks on the 13th of September.

Buy the book here - https://amzn.to/3B8fFGj

During our interview we talking about David's career, important traits/skills of investing experts, the importance of living to fight another day and exciting asset classes to watch out for. I hope you enjoy!

0:00 - Introduction
1:17 - Why did it take so long to write an investing book?
2:10 - Why mainly US Investors?
2:42 - What motivates David to continue to interview people?
3:58 - Importance of sharing Investment knowledge
4:50 - Cost of capital creating opportunities
6:00 - Important traits/skills of investing experts?
7:30 - Targeting new, exciting areas of investing for opportunities
8:15 - The importance of consistency in investing
8:55 - Don’t worry about missing out on opportunities
9:49 - Live to fight another day
10:07 - What attracts people to alternative investments?
11:11 - Success of alternative businesses
11:35 - Increase in longer term investing
12:39 - avoiding fees
13:12 - Any new asset class that stands out to David?
14:00 - Financialisation of asset classes
15:00 - Losing money on investment speculating
15:46 - Anyone who left a last impression on David?
16:47 - Focus on ESG now?
17:53 - One message from our interview/book?

David M. Rubenstein is Co-Founder and Co-Chairman of The Carlyle Group, one of the world’s largest and most successful private investment firms. Established in 1987, Carlyle now manages $325 billion from 26 offices around the world.

Mr. Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago; a Fellow of the Harvard Corporation; a Trustee of Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the National Constitution Center, the Brookings Institution, and the World Economic Forum; and a Director of the Lincoln Center for the Performing Arts and the American Academy of Arts and Sciences.

Mr. Rubenstein has served as Chairman of the Boards of Duke University and the Smithsonian Institution, and Co-Chairman of the Board of the Brookings Institution.

Mr. Rubenstein is the host of The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV and PBS and Bloomberg Wealth with David Rubenstein on Bloomberg TV; and the author of The American Story: Conversations with Master Historians, a book published by Simon & Schuster in October 2019, How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers, a book published by Simon & Schuster in September 2020, and The American Experiment: Dialogues on a Dream, a book published by Simon & Schuster in September 2021.

Mr. Rubenstein, a native of Baltimore, is a 1970 magna cum laude graduate of Duke University, where he was elected Phi Beta Kappa. Mr. Rubenstein graduated in 1973 from the University of Chicago Law School, where he was an editor of the Law Review.

From 1973–1975, Mr. Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison. From 1975–1976, he served as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments. From 1977–1981, during the Carter Administration, Mr. Rubenstein was Deputy Assistant to the President for Domestic Policy. After his White House service and before co-founding Carlyle, Mr. Rubenstein practiced law in Washington with Shaw, Pittman, Potts & Trowbridge (now Pillsbury Winthrop Shaw Pittman).

David Rubenstein -

Website - https://www.davidrubenstein.com/index.html
Twitter - https://twitter.com/DM_Rubenstein

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