episode 736

Carlyle Co-Founder David Rubenstein on Common Traits of Successful Investors

David Rubenstein is the co-founder and co-chairman of the Carlyle Group, one of the world's largest and most successful private investment firms established in 1987. The firm now manages in excess of $370 billion and has 29 offices around the world. He is or has been on the boards of numerous institutions, such as the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, the National Gallery of Arts, the Economic Club of Washington, and the University of Chicago. David's an original signer of the Giving Pledge and intends to give away his vast fortune. He's also a leader in patriotic philanthropy, having made transformative gifts for the restoration or repair of the Washington Monument, Lincoln Memorial, Jefferson Memorial, and Monticello among others. He's also the host of The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV, which you can also consume in podcast form, and is the author of multiple books including The American Story, How to Lead, Game Changers, and The American Experiment. His latest book is How to Invest: Masters on the Craft, which was published by Simon & Schuster in September of 2022. January 26, 2023

736: David joins the broadcast to talk about his latest book How to Invest: Masters on the Craft and the common traits he found among the investors he profiled in the book. He shares anecdotes of his early investment misses, how they led to his future successes, and the reason he always chooses good work ethic over high IQ when hiring prospective employees. David contends that investors often think against the grain and explains why this acceptance of higher risk is critical to the success of these titans of finance. He also sees younger people as being key indicators of successful investments as they drive the technology of future generations. Finally, David reflects on his “patriotic philanthropy” and looks ahead at trends in politics, economics, and the future of cryptocurrency.

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This episode is sponsored by Adyen.

"When you look at the great innovations that have occurred in our country in recent years, technology-related ones, they all started by young people. Computers, smartphones, and so forth. It's young people that really make the changes in the way we live and so forth."

The World Class IT principles in yellow were the focus of this interview

  • 01 1- People
  • 02 2- Infrastructure
  • 03 3- Project and Portfolio Management
  • 04 4- IT & Business Partnership
  • 05 5- External Partnerships

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