Building a Successful Retirement Services Business

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Apollo's success in addressing the problem of retirement risk and making money stems from having the requisite talent and capital, which are crucial for success in the industry. Unlike public companies in the retirement services sector, Apollo has managed to raise capital by selling investors on a long-term business plan, showing its capability as a responsible investor. This stands in contrast to the trend where public companies have struggled to gain investor trust due to poor capital stewardship, often paying out dividends rather than reinvesting in the business.

Marc Rowan, co-founder and CEO of Apollo Global Management, joined Tyler to discuss why rising interest rates won't hurt Apollo's profitability, why liabilities have traditionally been the weak spot in insurance, why the concept of liquidity needs a rethink, the meaninglessness of the term "private credit", what role crypto will play in American finance, why Marc bought a brutalist apartment, which country has beautiful new neighborhoods, what motivated Apollo's office redesign, what he looks for in young hires, the different kind of decision-making required in debt versus private equity, the biggest obstacle to doing business in India, how university governance can be improved, what he's learned from running restaurants, the next thing he'll learn, and more.

Read a full transcript enhanced with helpful links, or watch the full video.

Recorded February 5th, 2024.

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