David Rubenstein on Private Equity, Politics, Parenting, & The Art of Investing | #442
The Meb Faber Show - Better Investing
Politicians Don't Want to Lose, but They Love to Stay in Office
I host a dinner once a month for members of congress from both parties, and couple of hundred come. They tell me that's the only time that they ever can see each other in a non political, non partisan setting. It's very rare these days. This is the reason, in my view, politicians love to stay in office. They hate to lose, even though the jobs don't pay very much. To stay in office, they got to raise a lot of money. And if you raise money, you have four benefits from it. One, you're more likely to win. Two, you'reMore likely to scare off somebody. Three, you are more likely to buy a
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