The David Rubenstein Show Josh Harris
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Oct 31, 2024 Josh Harris, a billionaire private equity investor and founder of 26North Partners, discusses his impressive journey from co-founding Apollo Global Management to owning major sports franchises. He shares insights on the dynamics of private equity and the thrilling experience of owning teams like the 76ers and the Washington Commanders. Harris emphasizes the importance of community involvement and plans for a new stadium, while drawing parallels between the emotional highs of investment success and winning in sports.
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Plan For Geopolitics And Macro Volatility
- Geopolitical shocks and macro policy can quickly alter investment landscapes.
- Plan scenarios (oil spike, escalations) and position portfolios to withstand sudden volatility.
Make Portfolios Robust To Political Outcomes
- Prepare investments to be robust across political outcomes and pivot when needed.
- Favor sustainability and lower leverage to endure uncertain regulatory or electoral shifts.
From Drexel To Apollo: Early Career Bets
- Harris left Drexel's collapse to join Blackstone, then followed colleagues to cofound Apollo when it started with 12 people.
- He recounts early career moves as deliberate bets on learning and responsibility.