Motley Fool Money Lessons From Great Investors
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Dec 3, 2022 David Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group and author of "How to Invest: Masters on the Craft," shares valuable investing wisdom. He discusses lessons from legends like Warren Buffett and Larry Fink while distinguishing between luck and genius in investing. Rubenstein emphasizes the significance of a margin of safety and realistic return expectations. He also explores the connection between happiness and investment success, advocating for a balanced approach to wealth that prioritizes fulfillment over mere financial gain.
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Hold Onto Assets
- Hold onto assets to give CEOs time to grow the company.
- This also lets you avoid taxes and compound a bigger amount of money.
Predicting the Future
- Predicting the future is essential for successful investing.
- Warren Buffett's long-term success demonstrates his predictive abilities.
Avoid Overpaying and Stay Humble
- Avoid overpaying for assets, as it rarely ends well.
- Recognize that luck plays a role in investment outcomes and stay humble.
