2min chapter

Forward Guidance cover image

David Rubenstein, Billionaire Investor Who Hired Jay Powell, On What Makes A Great Investor

Forward Guidance

CHAPTER

Is There a Bubble in Finance?

Nobody really is great at predicting bubbles except when they finish, they burst. You don't know you've been in a bubble until you see the decline dramatically of the valuations that people are paying. David: Don't do it because you just want to make more money. If you're a good investor, you'll allocate capital away that's helpful to society and you can say you're helping society.

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