The Carlyle Group Co-Founder: David Rubenstein 9/1/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 1 September 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In an extended interview, Carlyle Group co-founder David Rubenstein discusses his new book, "How to Invest: Masters on the Craft,” featuring his own interviews with the world’s best investors, including Larry Fink, Ron Baron, Sam Zell, Mary Callahan Erdoes, Ray Dalio, Stan Drunkenmiller, and John Rogers. As markets digest rate hikes from the U.S. Federal Reserve, a new lockdown in China, and Europe’s ongoing energy crisis, Rubenstein offers his best bets at this point in the cycle: health care, fintech, and blockchain. Plus, CNBC’s Eunice Yoon reports on the Chengdu lockdown from Beijing, and Microstrategy Chair Michael Saylor is facing tax evasion allegations. In this episode: David Rubenstein, @DM_Rubenstein Eunice Yoon, @onlyyoontv Becky Quick @BeckyQuick Melissa Lee: @MelissaLeeCNBC Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. M. C. C. C. C. C. C. C. C. C. P.
0:07.0	Today on Squack-Pod, an extended interview with billionaire and private equity legend Carlisle Group co-founder
0:15.1	David Rubinstein. I think the greatest fortunes are made when people go against
0:19.8	conventional wisdom. We're exploring those big risky bets for David and his investing cohort
0:26.0	plus today's best bets and who's deciding them? It isn't people in their
0:30.9	70s who say let's go into personal computers it's people in their 70s who say let's go into personal computers.
0:33.6	It's people in their 20s that really make trends happen and right now it's the crypto people.
0:38.4	Rubinstein's crypto, health care, and market bottom bets.
0:42.1	Plus, tax evasion at micro strategy
0:45.8	and unpacking stress abroad, China's latest lockdown.
0:50.0	This really underscores just the fragility
0:51.7	that it can, a lockdown with a zero COVID policy can happen at a moment's notice.
0:56.0	It's Thursday, September 1st. Our super-sized Squacapod begins right now.
1:02.0	Stand back you by in three, two, Squack pod begins right now.
1:02.6	Stand Becky by in three, two, one, fuel brief.
1:06.8	Good morning everybody.
1:07.8	Welcome to Squack Bucks here on CMBC.
1:10.0	We are live from the NASDAQ market site in Times Square. I'm Becky Quick along
1:13.7	with Miss Melissa Lee. Joe and Andrew are both off today but Melissa and I
1:17.6	are here we can get you through this this morning and at this point the
1:20.0	Dow is off by 14.7 percent. The S&P off by close to 18% and then the NASDAQ down by more than 26.
	...

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