David Frum: I'm combining the advice from four or five people in your book because they all gave almost the exact same advice. John Rogers, founder of Aerial Investment says best way to be a successful investor was to not follow the crowd. Don Fitzpatrick, CEO and chief investment officer of Soros Fund Management says you make money by having a view that's not the consensus. Seth Klarman, who's done 15% annualized over nearly 40 years and has had only four down years in those 40,. said value investing is marriage of calculator and contrarian streak.
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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