4.8 • 670 Ratings
🗓️ 25 January 2023
⏱️ 58 minutes
🧾️ Download transcript
Today, Kevin Coldiron is joined by the legendary David Rubenstein, Co-Founder and Co-Chairman of the Carlyle Group, philanthropist, historian and more, for a conversation on what we can learn from his journey to become a billion dollar investor, based on his book, “How To Invest”. We discuss what Rubenstein learned from his work as a lawyer and what young, aspiring investors can learn from his book, why it is important to work with something you love to do and why investors are an important part of society. We also discuss how great results require great risk and how becoming a successful investor requires a balance between luck, skill and risk, how to evaluate successful firms like Carlyle Group and the role philanthropists play in society, the economic inequality in America and why taxing the wealth is not a way to solve it, why Rubenstein believes ESGs are here to stay and much more.
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Episode TimeStamps:
02:13 - Introduction to David Rubinstein
07:02 - From lawyer to investor
11:48 - What inspired the book?
16:32 - Is capitalism going out of fashion?
18:43 - The path
Click on a timestamp to play from that location
0:00.0 | Being an investor is not a matter of just being a greedy person. |
0:12.0 | Very often, investors are not people that have wonderful images. |
0:16.0 | There's no Nobel Prize for investing well. Why is that? Why didn't Alfred Nobel think that that was a noble |
0:21.7 | profession? Well, he thought it probably wasn't as important as some of the things he gave |
0:25.7 | the Nobel Prize for, but I think investing is important because it allocates capital in ways |
0:32.1 | that can help society, create jobs, preserve jobs, pay taxes, do other things like that. |
0:40.0 | Imagine spending an hour with the world's greatest traders. |
0:43.8 | Imagine learning from their experiences, their successes, and their failures. |
0:48.3 | Imagine no more. |
0:50.2 | Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world, |
0:56.4 | so you can take your manager due diligence or investment career to the next level. |
1:01.0 | Before we begin today's conversation, remember to keep two things in mind. |
1:05.0 | All the discussion we'll have about investment performance is about the past, |
1:08.4 | and past performance does not guarantee or even infer anything |
1:12.1 | about future performance. Also understand that there's a significant risk of financial loss |
1:16.6 | with all investment strategies, and you need to request and understand the specific risks from |
1:21.6 | the investment manager about their product before you make investment decisions. Here's your |
1:26.3 | host, veteran hedge fund manager, Niels Kostrup Larson. |
1:35.7 | For me, the best part of my podcasting journey has been the opportunity to speak to a huge range |
1:41.2 | of extraordinary people from all around the world. |
1:44.3 | In this series, I have invited one of them, namely Kevin Koldine to host a series of in-depth |
1:49.2 | conversations to help uncover and explain new ideas to make you a better investor. |
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