Overpaying for an asset or company rarely has a pleasant outcome for the buyer. Investors who are chasing rates of return that are unrealistic based on historic norms will generally be disappointed, he says. "If you go into the stock market thinking you're going to do much better than that ... you're probably fooling yourself unless you're Warren Buffett"
The first rule of investing is don’t lose money. The other rules are a little more complicated. David Rubenstein is the Co-Founder and Co-Chairman of The Carlyle Group, and the author of ”How to Invest: Masters on the Craft”. Rubenstein joined John Rotonti to discuss: - Lessons from Warren Buffet, Larry Fink, and Seth Klarman - Genius and luck in investing - Happiness and expectations - Investing with a margin of safety Companies mentioned: CG, BLK, TSLA, HLT Host: John Rotonti Guest: David Rubenstein Producer: Ricky Mulvey Engineers: Dan Boyd, Kyle Carruthers
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