David M. Rubenstein
Cresset hosted David M. Rubenstein – Co-founder of The Carlyle Group, philanthropist, TV host, and author of the new book How to Lead – as our guest on October 28, 2020, for the latest in our series of “Zoom-side” chats for our clients. David shared lessons learned from the luminaries he has known, and who he interviewed for his book. He also provided insights into his personal success and values, as well as his global outlook. Here are five takeaways:
1. DO WHAT YOU LOVE
Most people naturally gravitate toward the things they are good at, the things that inspire passion in them. For David, that is a love of history. His love of history drove his deep philanthropic interest in restoring historical monuments and preserving historical documents for better appreciation and accessibility by future generations.
2. COVID-19 LESSONS
Public health recommendations for pandemics like COVID-19 have not changed substantially since the Spanish flu: wash your hands, wear a mask, maintain social distance. The difference between then and now is government candor about the pandemic. Despite the politicization of COVID-19, there are still opportunities for those who know where to look. In fact, Mark Cuban told David that he has never seen an opportunity as great as the potential post-COVID-19 environment for pursuing new entrepreneurial ventures. David wholeheartedly agrees.
3. GLOBAL INVESTMENT OUTLOOK
Across all asset classes, the United States continues to be one of the best markets to invest in. According to David, China is the next-best investment destination. In third place among large economies is India, which could ultimately become the world’s second-biggest economy. Among smaller economies, Israel offers a formidable technology sector. With the improvement in Arab-Israeli relations, Israel could be poised for a major takeoff.
