Episode
#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
1:46:25
Published: Wed Jan 27 2021
Description
David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End | Brought to you by ShipStation shipping software, Headspace easy-to-use app with guided meditations, and Theragun percussive muscle therapy devices. More on all three below. David M. Rubenstein (davidrubenstein.com) is co-founder and co-executive chairman of The Carlyle Group, a global investment firm with $230 billion under management.David is chairman of the boards of trustees of the John F. Kennedy Center for the Performing Arts and the Council on Foreign Relations, a fellow of the Harvard Corporation, and a regent of the Smithsonian Institution.David, an original signer of the Giving Pledge, has made transformative gifts for the restoration or repair of the Washington Monument, Kennedy Center, Smithsonian, National Archives, National Zoo, and the National Museum of African American History and Culture.David is host of The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV and the author of The American Story: Conversations with Master Historians and How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.David is a graduate of Duke University and the University of Chicago Law School.Please enjoy!*This episode is brought to you by ShipStation. Do you sell stuff online? Then you know what a pain the shipping process is. ShipStation was created to make your life easier. Whether you’re selling on eBay, Amazon, Shopify, or over 100 other popular selling channels, ShipStation lets you access all of your orders from one simple dashboard, and it works with all of the major shipping carriers, locally and globally, including FedEx, UPS, and USPS. Tim Ferriss Show listeners get to try ShipStation free for 60 days by using promo code TIM. There’s no risk, and you can start your free trial without even entering your credit card info. Just visit ShipStation.com, click on the microphone at the top of the homepage, and type in TIM!*This episode is also brought to you by Theragun! Theragun is my go-to solution for recovery and restoration. It’s a famous, handheld percussive therapy device that releases your deepest muscle tension. I own two Theraguns, and my girlfriend and I use them every day after workouts and before bed. The all-new Gen 4 Theragun is easy to use and has a proprietary brushless motor that’s surprisingly quiet—about as quiet as an electric toothbrush.Go to Theragun.com/Tim right now and get your Gen 4 Theragun today, starting at only $199.*This episode is also brought to you by Headspace! Headspace is your daily dose of mindfulness in the form of guided meditations in an easy-to-use app. Whatever the situation, Headspace can help you feel better. Overwhelmed? Headspace has a 3-minute SOS meditation for you. Need some help falling asleep? Headspace has wind-down sessions their members swear by. And for parents, Headspace even has morning meditations you can do with your kids. Headspace’s approach to mindfulness can reduce stress, improve sleep, boost focus, and increase your overall sense of well-being.Go to Headspace.com/Tim for a FREE one-month trial with access to Headspace’s full library of meditations for every situation.*If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapters
Try Headspace, the clinically validated meditation app, to reduce stress and improve mindfulness with daily guided meditations.
00:00 - 01:10 (01:10)
Summary
Try Headspace, the clinically validated meditation app, to reduce stress and improve mindfulness with daily guided meditations. With 600,000 five-star reviews and 25 published studies, Headspace has been downloaded over 60 million times and offers a variety of features to fit your needs.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
Headspace's simplistic mindfulness practices can lead to reduced stress, improved sleep, better focus, and overall better mental health.
01:10 - 05:27 (04:17)
Summary
Headspace's simplistic mindfulness practices can lead to reduced stress, improved sleep, better focus, and overall better mental health. Get a month of free access to Headspace's full library of meditations at headspace.com/Tim.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The podcast features an interview with David M. Rubinstein discussing his admiration for President John F. Kennedy and his decision-making process for choosing his first job out of law school.
05:27 - 13:21 (07:54)
Summary
The podcast features an interview with David M. Rubinstein discussing his admiration for President John F. Kennedy and his decision-making process for choosing his first job out of law school.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
Many people who work in the White House have a background in working on the candidate's campaign.
13:21 - 18:54 (05:32)
Summary
Many people who work in the White House have a background in working on the candidate's campaign. However, White House staffs often have junior level positions filled with young people.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The speaker shares how he learned to speak publicly by taking speaking engagements, practicing, and observing other speakers.
18:54 - 26:47 (07:53)
Summary
The speaker shares how he learned to speak publicly by taking speaking engagements, practicing, and observing other speakers. He suggests practicing writing and learning grammar and punctuation to improve writing skills.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The speaker discusses his thoughts on presidential re-elections and introduces ShipStation, an e-commerce solution for online sellers that helps with order fulfillment and shipping.
26:47 - 29:26 (02:39)
Summary
The speaker discusses his thoughts on presidential re-elections and introduces ShipStation, an e-commerce solution for online sellers that helps with order fulfillment and shipping.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
A successful lawyer and businessman talks about how he started his own buyout firm and why it was more profitable than being in a law firm.
29:26 - 34:24 (04:58)
Summary
A successful lawyer and businessman talks about how he started his own buyout firm and why it was more profitable than being in a law firm. Bill Simon is used as an example of someone who turned one million into 80 million after two years in the business.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
In the buyout world, it has become increasingly unlikely to get a 40-50% rate of return due to the need to attract more capital, while the best venture capitalists today are probably getting a 30% carried interest return.
34:24 - 43:51 (09:27)
Summary
In the buyout world, it has become increasingly unlikely to get a 40-50% rate of return due to the need to attract more capital, while the best venture capitalists today are probably getting a 30% carried interest return.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
In this episode, David Rubenstein interviews Glenn Hutchins, co-founder of Silver Lake Partners, about his journey in private equity and the advantages of diversifying private equity with global teams.
43:51 - 48:00 (04:09)
Summary
In this episode, David Rubenstein interviews Glenn Hutchins, co-founder of Silver Lake Partners, about his journey in private equity and the advantages of diversifying private equity with global teams.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The speaker suggests that individuals who have knowledge of fundraising should teach others how to ask for money, given the high frequency of people being requested to donate.
48:00 - 54:54 (06:54)
Summary
The speaker suggests that individuals who have knowledge of fundraising should teach others how to ask for money, given the high frequency of people being requested to donate. The speaker recounts experiences with famous people, which led to unwarranted accusations.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The ability to raise an infinite amount of money as a founder is dependent on a good track record and the willingness to do reasonable things to ask people for money.
54:55 - 1:02:49 (07:54)
Summary
The ability to raise an infinite amount of money as a founder is dependent on a good track record and the willingness to do reasonable things to ask people for money. Going out to raise funds and showing up where many people don't, reflects positively on the company and can lead to such companies raising hundreds of millions of dollars, even for small deals.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
In this snippet, a man speaks about not taking Jeff Bezos' original business deal, which offered him 20-30% of Amazon's stock in exchange for utilizing their bibliography.
1:02:49 - 1:06:50 (04:01)
Summary
In this snippet, a man speaks about not taking Jeff Bezos' original business deal, which offered him 20-30% of Amazon's stock in exchange for utilizing their bibliography. The man expresses that the value of that stock would have been worth billions of dollars today.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
David Rubenstein believes that interviewing people has been around for a long time and is intrinsically interesting and entertaining since people are drawn to stories.
1:06:50 - 1:13:15 (06:25)
Summary
David Rubenstein believes that interviewing people has been around for a long time and is intrinsically interesting and entertaining since people are drawn to stories. The people that know the subject best, like Doris Kearns Goodwin, convey the essence of their subjects in a way that the interviewer can never do on their own.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
In this podcast, the speaker discusses his book recommendations on the power of the white hat variety, which involves using power for the betterment of society.
1:13:15 - 1:18:28 (05:13)
Summary
In this podcast, the speaker discusses his book recommendations on the power of the white hat variety, which involves using power for the betterment of society. He mentions the author Arthur Schlesinger and his book on the Kennedy administration.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The speaker emphasizes the importance of literacy in reducing income inequality and enhancing social mobility.
1:18:28 - 1:23:12 (04:44)
Summary
The speaker emphasizes the importance of literacy in reducing income inequality and enhancing social mobility. He encourages people to read more books as opposed to relying solely on newspaper or magazine articles.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
In this podcast, the speaker discusses the challenges of raising children in the lap of luxury and provides advice to new parents who have achieved financial success on how not to raise entitled kids.
1:23:13 - 1:27:15 (04:02)
Summary
In this podcast, the speaker discusses the challenges of raising children in the lap of luxury and provides advice to new parents who have achieved financial success on how not to raise entitled kids.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The speaker emphasizes the importance of honoring parents while they're alive, even if it's something small.
1:27:16 - 1:32:14 (04:57)
Summary
The speaker emphasizes the importance of honoring parents while they're alive, even if it's something small. He regrets not doing enough to honor his father after he passed away unexpectedly.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
The speaker discusses the importance of giving back to one's country through various philanthropic projects, such as fixing monuments, preserving historic documents, and investing in education and medical research.
1:32:14 - 1:38:49 (06:35)
Summary
The speaker discusses the importance of giving back to one's country through various philanthropic projects, such as fixing monuments, preserving historic documents, and investing in education and medical research.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
Subscribe to Tim Ferriss' email newsletter for a weekly dose of cool things he's found or pondered, as well as a partner-tested muscle relaxation tool.
1:38:49 - 1:44:26 (05:37)
Summary
Subscribe to Tim Ferriss' email newsletter for a weekly dose of cool things he's found or pondered, as well as a partner-tested muscle relaxation tool. Plus, try out the Headspace app for daily guided meditations.
Episode#495: David Rubenstein, Co-Founder of The Carlyle Group, on Lessons Learned, Jeff Bezos, Raising Billions of Dollars, Advising Presidents, and Sprinting to the End
PodcastThe Tim Ferriss Show
Headspace is a meditation app that helps you build a life-changing meditation practice on your schedule, anytime, and anywhere with mindfulness that works for you.
1:44:27 - 1:46:16 (01:49)
Summary
Headspace is a meditation app that helps you build a life-changing meditation practice on your schedule, anytime, and anywhere with mindfulness that works for you. They offer a free one-month trial with access to their full library of meditations for every possible situation.