I think the hardest thing about being a contrarian investor is maybe realizing when you're wrong. There are going to be times when your bet isn't right, and i'm just wondering how do you navigate those situations? When it's something new, ask younger people what they think. You know, very often you'll see on investment committees of organizations people who are 50 years old, 60 years old, 70 years old. And so keep in touch with the younger people, cause thy're going to spot trends much more than the older people.
IN THIS EPISODE, YOU’LL LEARN:
02:41 - How David started Carlyle Group and grew it to be one of the world’s largest private equity firms.
06:51 - What markets and sectors David thinks are most attractive to invest in right now.
18:05 - David’s greatest learnings from studying other superinvestors’ strategies.
18:05 - What do the world’s most successful investors have in common?
40:00 - What David thinks it takes to become a great investor.
42:51 - What mistakes retail investors make when trying to emulate superinvestors’ strategies.
44:26 - What are the biggest challenges retail investors face today?
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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