Asking a Wall Street Billionaire How To Invest $100

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Published 2023-05-26
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Ep 21 - Self-made billionaire investor and philanthropist David Rubenstein teaches us his life lessons to protect your time, and how to build wealth, success, and happiness. David went from a family with nothing to co-founding the Carlyle Group, one of the most successful private investment firms that manages $325 billion worldwide. David also interviewed over 20 of the most successful investors of all time, like Ray Dalio, for his latest book - and he gives us the 10 traits they all have in common.

Get David’s latest book How To Invest: Masters On The Craft: amzn.to/3kux3j0

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Timestamps:
00:00 - Intro
01:38 - The beginning of the Carlyle Group
05:44 - David's humble beginnings
07:34 - The single greatest virtue to have as a leader
13:13 - The most important skill anyone can acquire (and other skills David attributes his success to)
18:57 - Traits all great investors have in common
21:38 - Advice for 20-year-olds who want to start investing
25:25 - Where to invest your money (for different age groups)
31:33 - Investing advice for overambitious people
34:11 - Can money buy happiness?
37:19 - Pandas explained
39:59 - David's biggest regrets
46:48 - David Taught Me

All Comments (21)
  • Although the companies in my portfolio are solid, last year was a loss. I experienced a 35% decline in overall $360k portfolio at the height. thus investing makes me anxious . I'm uncertain if I should sell everything and wait.
  • @sarah.j.777
    the $100 question 27:38 she's essentially asking, what if I only have the bare minimum to invest? Answer: index fund
  • is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
  • @Joegolberg1
    As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Walter James Henry’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
  • @hullbruce
    Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
  • @simplykappo
    Absolutely love his down to earth approach to wealth. Some points that I like: 1) Read more books 2) Learning the art of communication 3) Do something good, however small to this world, that you will be remembered for 4) Learn to ignore criticism
  • Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my retirement funds to lose value. Where else could we put our cash?
  • Just can't shake the idea that it's a more serious Steve Martin talking in the video
  • @jovitaperez5365
    I think Blcktken300 will be the most important project in crypto. But HBAR sounds nice too. Will buy some with my Blcktken300 earnings lmao
  • @ShewedDude
    I love how direct your questions were and how straight forward his answers were. None of the fluff and motivational stuff but actionable directions and thoughts.
  • @Evelyn32423
    I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
  • @tonysilke
    With so few stocks driving up the latest rally and the majority of "traders" looking to "get rich quick" as the shin comes off those profits, it's time to realize "you'll never go broke taking profits." Buffett is also selling! I'm still uncertain about selling my $200k portfolio, considering its recent significant decline.
  • @daniyt2355
    Got in at Blcktken300 with $1 but I will keep it until it hits $50. Still low with that number as the market cap is not close to where it should be
  • @Jason_The_Man
    I found it both telling and hysterical that David says he wasn’t a good lawyer, his clients didn’t think he was a good lawyer so…. He went to work at the Whitehouse.
  • @MadCaril
    "Some of the wealthiest people are tortured souls" This should not go unnoticed.
  • @anthonydotson8652
    This Is One of the Greatest Interviews I've ever heard because of: #1. The Openess of Mr. Rubinstein and His willingness to address every question. #2. The Interviewer posed extremely Poignant Questions which resulted in Very Valuable Perspectives being shared.
  • @slickrik
    I love how this guy thoughts and words are so concise and straight to the point...no wasted words
  • How awesome is he? I love his sense of humor. Funny story - he came to my office to meet with my boss a few years ago and it just didn’t quite click in my head who he was. I just knew he and another David were coming. This David’s company wasn’t tagged with him because the meeting was arranged by the other David. So after it was over, I had to escort him back downstairs. I knew he looked so familiar and I’m pretty sure he was part of meetings when I was at another company many years prior so I mentioned that. He was very, very humble when he said he wasn’t sure if he’d been to that company but maybe he looked familiar because he does a lot of stuff on finance on news shows. I just think he is beyond cool and am so jealous you got to spend this kind of time with him. What a gem he is. Thank you so much for sharing this with us.
  • @tedereTSSK
    What a kind, polite, and generous gentleman. Thanks, Erika. This was a very useful tutorial. Time well spent.