How to Invest: Masters on the Craft

How to Invest: Masters on the Craft

by David M. Rubenstein
How to Invest: Masters on the Craft

How to Invest: Masters on the Craft

by David M. Rubenstein

Hardcover

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Overview

NEW YORK TIMES BESTSELLER

A master class on investing featuring conversations with the biggest names in finance, from the legendary cofounder of The Carlyle Group, David M. Rubenstein.

What do the most successful investors have in common? David M. Rubenstein, cofounder of one of the world’s largest investment firms, has spent years interviewing the greatest investors in the world to discover the time-tested principles, hard-earned wisdom, and indispensable tools that guide their practice.​

Rubenstein, who has spent more than three decades in the hypercompetitive world of private equity, now distills everything he’s learned about the art and craft of investing, from venture capital, real estate, private equity, hedge funds, to crypto, endowments, SPACs, ESG, and more.

-How did Stan Druckenmiller short the British pound in one trade for a profit of $1 billion dollars?
-What made Sam Zell the smartest, toughest investor the world of real estate has ever seen?
-How did Mike Novogratz make $250 million off crypto in one year?
-How did Larry Fink build BlackRock from scratch into a firm that manages more than $10 trillion?
-How did Mary Callahan Erdoes rise to the top of J.P. Morgan’s wealth management division to manage more than $4 trillion for individuals and families all over the world?
-How did Seth Klarman perfect value investing to consistently deliver net returns of nearly 20 percent?

With unprecedented access to global leaders in finance, Rubenstein has assembled the most authoritative book of its kind. How to Invest reveals the thinking of the most successful investors in the world, many of whom rarely speak publicly. Whether you’re brand-new to investing or a seasoned professional, this book will transform the way you approach investing forever.

Product Details

ISBN-13: 9781982190309
Publisher: Simon & Schuster
Publication date: 09/13/2022
Pages: 416
Sales rank: 86,343
Product dimensions: 6.10(w) x 9.30(h) x 1.40(d)

About the Author

David M. Rubenstein is the New York Times bestselling author of How to Invest, How to Lead, The American Experiment, and The American Story. He is cofounder and cochairman of The Carlyle Group, one of the world’s largest and most successful private equity firms. Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago. He is an original signer of The Giving Pledge and a recipient of the Carnegie Medal of Philanthropy and the MoMA’s David Rockefeller Award. The host of PBS’s History with David Rubenstein, Bloomberg Wealth with David Rubenstein, and The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV and PBS, he lives in the Washington, DC, area.

Table of Contents

Introduction 1

David M. Rubenstein's Notes on Investing 14

Part I Mainstream Investments

Fixed Income

Larry Fink 29

Public Equities

Ron Baron 44

John W. Rogers Jr. 61

Real Estate

Jon Gray 78

Sam Zell 95

Private Wealth/Family Offices

Mary Callahan Erdoes 108

Dawn Fitzpatrick 124

Endowments

Paula Volent 136

Kim Lew 154

Part II Alternative Investments

Hedge Funds

Seth Klarman 173

Ray Dalio 184

Stan Druckenmiller 198

Jim Simons 211

John Paulson 223

Private Equity and Buyouts

Sandra Horbach 238

Orlando Bravo 253

Distressed Debt

Bruce Karsh 269

Venture Capital

Marc Andreessen 289

Michael Moritz 307

Part III Cutting Edge Investments

Cryptocurrencies

Mike Novogratz 325

SPACs

Betsy Cohen 343

Infrastructure

Adebayo Ogunlesi 356

ESG

David Blood 374

Acknowledgments 387

Index 391

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