Asking a Wall Street Billionaire How To Invest $100

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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.

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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

[noahzimmerman-ygqt]

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.]

the $100 question
27:38
she's essentially asking, what if I only have the bare minimum to invest?
Answer: index fund

[ChristopherAbelman]

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?

[Angelinacortez]

I find myself rueful for neglecting stock investments until now, yet I'm appreciative of retaining funds in the money market. With approximately $200k set to mature shortly, I'm considering delving into the stock market. What stocks would be prudent for a newcomer like me to securely nurture my finances?

[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.

[Joegolberg]

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!

[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

[adrienmerakeb]

Just can't shake the idea that it's a more serious Steve Martin talking in the video

[PatrickLloyd-vjtj]

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?

[samueleduardo]

Blcktken300 gang in the house! Thanks for the analysis!

[jovitaperez]

I think Blcktken300 will be the most important project in crypto. But HBAR sounds nice too. Will buy some with my Blcktken300 earnings lmao

[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.

[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.

[Allyplectura]

What a great interview Erika, the funny thing is I went to the library today grabbing books on investing and I never of David Rubenstein, but his book was one I looked at, and said "This might be worth it". after listening to him and his wisdom on finance and love for animals, I cannot wait to open up and learn more. Thank you so much for both of your contributions to teaching others managing finances.

[MadCaril]

"Some of the wealthiest people are tortured souls"
This should not go unnoticed.

[suongho]

BEST INTERVIEW YET. so inspiring. thank you Erika and David!

[Evelyn]

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.

[wazza]

What an amazing interview. Such a great speaker and amazing that we has so willing to give his time. Just AMAZING 🎉

[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.

[juniorbareng]

I'm thankful that I watched this very inspiring interview. The interview was simple and easily understood. Thank you Erika and appreciate the interview.