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David Rubenstein on Investing and Designing the Optimal Life

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Oct 12, 2022

Guest

David Rubenstein

David Rubenstein, billionaire businessman and co-founder of The Carlyle Group, discusses his new book on investing and life design. He shares insights from his time in the Carter administration, emphasizing the balance of idealism and pragmatism in politics. The conversation dives into common investing pitfalls, advocating for long-term strategies, and touches on the relationship between wealth, happiness, and personal fulfillment. With humor, he reflects on philanthropy and the challenges wealthy parents face in raising children with strong values.

01:05:43

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ANECDOTE

Working for Carter

David Rubenstein shares his experience working in the Carter administration at 27.
He highlights Carter's ambitious policy proposals and the unexpected loss to Reagan.

insights

INSIGHT

Carter's Political Capital

Carter's pardoning of draft dodgers and stance on racial discrimination were bold moves.
These decisions, while principled, might have cost him politically.

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ADVICE

Common Investing Mistakes

Avoid rushing into the stock market when it's up and selling when it's down.
Instead, buy low and consider index funds.

Get the Snipd Podcast app to discover more snips from this episode

Navigating Political Legacies

05:29 • 12min

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Investor Pitfalls and Success Strategies

17:03 • 7min

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The Evolution of Ideas and the Journey of Mental Health

24:11 • 2min

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The Paradox of Wealth and Philanthropy

26:08 • 3min

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Wealth, Happiness, and Life Choices

29:19 • 15min

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Tales of Golf, Philanthropy, and Parenting

The Political Genius of Lincoln in the Fight Against Slavery

01:03:51 • 3min

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This episode comes out for free on 10/12/2022

Ryan talks to David Rubenstein about his new book How to Invest, his experiences working for President Jimmy Carter, how design your life for happiness and productivity, and more.

David Mark Rubenstein is an American billionaire businessman. Former government official and lawyer. A Co-Founder and Co-Chairman of The Carlyle Group, one of the world’s largest and most successful private investment firms. Mr. Rubenstein co-founded the firm in 1987. Also the host of The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV and PBS.

📕 Ryan Holiday's new book "Discipline Is Destiny" is out now! We’ve extended the pre-order bonuses for the next week—among them is a signed and numbered page from the original manuscript of the book. You can learn more about those and how to receive them over at Dailystoic.com/preorder.

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