Specs Are Dormant, Right?

David Rubenstein is Co-Founder and Co-Chairman of the Carlyle Group – one of the largest private equity firms in the world. Prior to forming Carlyle in 1987, David practiced law in Washington, D.C. with Shaw, Pittman, Potts & Trowbridge LLP (now Pillsbury Winthrop Shaw Pittman LLP). From 1977 to 1981, Mr. Rubenstein was Deputy Assistant to the US President for Domestic Policy.  Among other philanthropic endeavours, David is Chairman of the Boards of the Council on Foreign Relations, the Economic Club of Washington, and the University of Chicago. David also serves as a Fellow of the Harvard Corporation and as Chairman of the Harvard Global Advisory Council and the Madison Council of the Library of Congress. David is a magna cum laude graduate of Duke University, where he was elected Phi Beta Kappa. Following Duke, David graduated from the University of Chicago Law School, where he was an editor of the Law Review. This week's podcast covers how private equity has evolved, common patterns of star investors, why social class matters for investors, and much more.