David Rubenstein: the dollar will go down in value
David Rubenstein joins Sam Parr and Shaan Puri to discuss building Carlyle Group from $5 million to $500 billion, covering fundraising, hiring, and staying paranoid about failure.
The gist
-
Rubenstein says founders should start between ages 28 and 37, or statistically they likely never will.
-
Hire people smarter than you in their area, then focus your own energy on what only you can do, like fundraising.
-
Rubenstein says paranoia never left him even after a decade of success, and that daily worry kept the firm disciplined through crises.
-
Rubenstein keeps $15 haircuts and the same suits for 10 years, saying visible frugality signals integrity to employees.
Sam Parr uses it
"I just started reading — finally reading — The Power Broker. I saw that and then I also saw you say that it was one of your favorites. So I started reading it last week."
▶ Play at 38:135 creators recommend it, including Lenny Rachitsky, Jenny Wen, and Lloyd Blankfein.
See all on the The Power Broker pageWhat they recommend · 5 picks
"It's my anti-Alzheimer's device because they tell you when you reach a certain age, if you don't have a genetic predisposition to Alzheimer's, you could still get it if your bra..."
"I also love Titan. That's probably my most favorite business biography. He seemed like a mostly a good dad and a good husband and a ruthless businessman and I like that combinat..."
"Recently read Beverly Gage's book on J. Edgar Hoover, which is an astounding book and won the Pulitzer Prize — a really terrific book."
My First Million, Riley, Peter and Liam agree on 30 things
See what they all use, in their own words. Paid ads are left out.
See what they all swear by Or pick your own peopleDavid Rubenstein
3 picks · guest
"It's my anti-Alzheimer's device because they tell you when you reach a certain age, if you don't have a genetic predisposition to Alzheimer's, you could still get it if your bra..."
"Recently read Beverly Gage's book on J. Edgar Hoover, which is an astounding book and won the Pulitzer Prize — a really terrific book."
"I've read a book on Roy Cohn. It's called American Scoundrel, which was a really good book by Kai Bird, who previously wrote a book on Robert Oppenheimer that won the Pulitzer P..."
Sam Parr
2 picks
"I also love Titan. That's probably my most favorite business biography. He seemed like a mostly a good dad and a good husband and a ruthless businessman and I like that combinat..."
"I just started reading — finally reading — The Power Broker. I saw that and then I also saw you say that it was one of your favorites. So I started reading it last week."
Also mentioned
Ads in this episode
HubSpot. They're paid, so we keep them out of the picks above.
See what My First Million recommends without being paid →Related episodes
Episodes covering similar topics
More from My First Million