#10 Legendary Money w/ David Rubenstein

Capital University

Bryce Hall and Anthony Pompliano

Business, Investing

4.9 • 23K Ratings

🗓️ 13 November 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bryce Hall & Anthony Pompliano have partnered up to bring Capital University to you. In this episode, Bryce and Pomp talk to David Rubenstein, Co-Founder and Co-Executive Chairman of The Carlyle Group, one of the world's largest and most successful private investment firms. Carlyle has grown into a firm managing $217 billion from 32 offices around the world.

This show is a new age business/entrepreneurship podcast, geared towards helping young entrepreneurs and influencers create long term wealth. Throughout the show, Pomp and Bryce will be discussing investing, business, social media, and much more. They will also be bringing on world-class entrepreneurs and business leaders to further the learning. Be sure to subscribe to the show, share the episode with your friends, and check out the show on YouTube for the full uncut video.

Transcript

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0:00.0	What is up everybody welcome back to capital university the top five business podcasts in the world if you're listening on Apple podcasts
0:10.7	We greatly appreciate it. Don't forget to rate the podcast five stars subscribe and leave a review unless it is shitty
0:15.9	This one is a this episode is a pretty interesting one and if you're watching on YouTube
0:20.2	Don't forget to like comment subscribe pop you and introduce our guest a billionaire boys club
0:24.6	What's going on guys today? We have David Rubenstein
0:27.3	David is the founder of the Carlisle group. He is one of the greatest American philanthropist
0:32.6	He's worth billions of dollars. He's got a heart of gold and he dropped a ton of knowledge on us
0:38.3	Hope you guys enjoy this one
0:39.6	So David maybe let's just start off with you kind of telling your story what you did before you started the Carlisle group and the kind of how you built your wealth
0:46.1	I came from very modest circumstances my parents were not college or high school graduates
0:50.8	I did get a scholarship to go to Duke and they lost school in Urshkago
0:54.6	But I was a lawyer not fairly good at it. I went through the work in the White House for President Carter
0:58.8	I wasn't that good at that either. I got inflation to 19% and we got clobbered in the election in 1980
1:03.7	So I went back and basically decided to do something that I really wanted to do
1:07.3	Which is to build an investment firm in Washington DC got it and when and when you started that investment from the Carlisle group
1:12.6	It's now grown to you know $200 plus billion in assets
1:15.8	What was the strategy or what was kind of the vision for what did you want it to build?
1:20.0	Of course hindsight is always 2020 at the time. I just wanted to be able to pay the rent for the next month and be able to pay the to payroll
1:27.2	We started very small we had about 10 people and we had five million dollars
1:30.8	But we came up with a strategy that changed the private equity world
1:33.8	Which is to say we built a global firm and one that did things in many different private equity areas buyouts growth capital venture capital
1:40.9	So became an institutional firm and one of the largest in the private equity world
	...

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