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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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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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 to becoming an investor

25:11 - Diversification vs concentration

30:07 - The bigger the better?

35:38 - Reasons to be cautious?

37:25 - Can you rely on philanthropists?

44:58 - Charity - a problem solver?

51:44 - Rubensteins approach to reading

54:49 - Baseball jargon

55:43 - Key takeaways from Niels

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Disclaimer

IL12: How to Invest ft. David Rubenstein