Brought to you by ShipStation https://www.shipstation.com/?ref=tim Show Notes: https://tim.blog/2021/01/27/david-rubenstein/ 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! SUBSCRIBE: http://bit.ly/1dSzTkW LINK TO ALL SHOW TRANSCRIPTS: https://tim.blog/2018/09/20/all-transcripts-from-the-tim-ferriss-show/ About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 500 million downloads and been selected for “Best of Apple Podcasts” three years running. Connect with Tim Ferriss: Sign up for "5-Bullet Friday" (Tim's email newsletter): https://go.tim.blog/5-bullet-friday-1/ Visit the Tim Ferriss PODCAST: https://tim.blog/podcast/ Visit the Tim Ferriss BLOG: https://tim.blog/ Follow Tim Ferriss on TWITTER: https://twitter.com/tferriss/ Follow Tim Ferriss on INSTAGRAM: https://www.instagram.com/timferriss/ Like Tim Ferriss on FACEBOOK: https://www.facebook.com/TimFerriss/ Start [00:00] Teenage aspirations [06:35] Ted Sorensen [08:33] Young speechwriters, and was Ted Sorensen JFK’s “intellectual blood bank”? [10:26] Taking criticism [12:45] Working in the Carter administration [14:27] Best decisions [19:40] The importance of speaking, reading, and writing well [21:56] On giving a great speech without notes [23:01] When David decided to become an entrepreneur [28:32] A buyout boom [32:35] Navigating potential risks of a private equity deal [37:39] Innovation at the Carlyle Group [43:11] A virtuoso of private fundraising [46:21] Difficult implications during the Iraq War [49:33] Common mistakes in fundraising [50:52] The origin story of the Carlyle Group name [54:33] The Carlyle Group’s initial round of fundraising [56:17] How to raise "an infinite amount of money" [1:00:37] Jeff Bezos [1:01:46] Ruth Bader Ginsburg [1:05:45] The interview format as a fairly modern innovation [1:07:51] How power manifests itself in the halls of policy [1:10:37] Recommended books about power [1:13:13] Does David read fiction? [1:16:40] Correcting the widespread problem of illiteracy [1:21:20] Money advice for new parents[1:23:44] Lessons at age 71 [1:27:16] Must-do bucket list items [1:32:24] Proudest acts of patriotic philanthropy [1:34:06] What would David’s billboard say? [1:38:05] Parting thoughts [1:38:46]