Billionaire investor David Rubenstein breaks down what makes a great investor
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- Опубликовано: 31 авг 2022
- Billionaire investor and philanthropist David Rubenstein, co-founder of the Carlyle Group, joins CNBC's 'Squawk Box' to discuss his new book 'How to Invest: Masters on the Craft.' For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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This Guy is the best financial interviewer, hands down
"if you don't build your dream someone else will hire you to help build theirs"
- Tony Gaskins
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
@@davidanderson8650 True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.
@@alexgorham7464 Many thinks bitcoin investment is only profitable when the market price is going up but from my knowledge and experience I can boldly say to you that investing in bitcoin is profitable both in bulls and in bears all you need is the right information
@@alexgorham7464 What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from
@@stevendiaz9672 Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
I swear, Becky flirts with all the old guys. And she's good at it.
She flirts w/the billionaire hun, david is an eligible bachelor at the moment.
Masters on the Craft:
1:01 They're generally from nice families, not poverty. Middle class
1:10 Good at math, good students
1:12 Like to read, like to be in control, like to make the final decision
1:16 They go against conventional wisdom
2:46 Workaholics
2:54 For them, investing is not work, it's pleasure
3:12 They love it (investing, researching)
3:29 Conventional wisdom is almost always wrong
4:05 The greatest fortunes are made when people go against conventional wisdom
thanks those 1:10, 1:12, and 1:16 timestamps really helped me navigate the video fast to get to the good parts
@@MP-jj5fj lol im glad it helped
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor
Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
@@hillaryflinch2334 Please can you leave the info of your investment advisor here? I’m in dire need for one
@@cylondon8374 I am being guided by “Dawn Marie Gatti” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@@hillaryflinch2334 Thank you for this Pointer. It was easy to find your handler on the web, She seems very proficient and flexible. I left her a message explaining my Fin-market goals.
The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning "...Cristina Gutierrez Moore...". This prompted me to get in touch with her, and from October 2021 till now we have been working together, now i can boast of profits in my trading portfolio.
The stock market is still a fantastic tool for building wealth, so it's wise to consider investing even if you don't have much money to spare
I hear people ask if this is the right time to invest, yes because the stock market have always and will always be a volatile market, that is why it is important to have proper research, analysis and strategy when investing
I’ll take investments in stock any day they’re very remunerative only problem I’m having is I really don’t know how to go about it, I do get lost and overwhelmed by the markets. Any solid pointers in reaching this trader would be helpful, I’d appreciate if I got a reply
The best way to find that balance between saving and living is by investing. This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments. Financial freedom is possible, you just need to know what to do and when to do it. I am a living testimony of getting help from a professional
Nice content. To me, trading the stock and crypto market is way better than any online investment 💯
Buy quality companies Hold for 10+ years Add to your positions on dips Keep contributing to your portfolio Reinvest all dividends Don't check your portfolio every day Investing is easy if you make it easy
Investing is easy, but we make it hard by: Looking at price action every day, Changing strategy too often, Panicking when everyone else does, Selling when we should buy, Buying when we should sell.
Making money from stocks look deceptively easy. The reality is that stock market is one of the toughest mental games in the world.
Even the best investors lose money when when the market is down or when they make a decision that doesn’t turn out as hoped. But, overall investing should increase your net worth considerably, mine was not doing that I had to hire ‘’ katherineraelobe ’’ who helped helped me understand what I was doing wrong and evident positive changes took place. My portfolio have accrued gains of about $130k
@@chenlakhe8733 Well about 50% of my portfolio profit was from TSLA, GME and NIO, my financial coach Katherine Rae Lobe was able to get me in early on most of these stocks and I exited just at the right time, her analysis was really on point....
@@yejun7279 Katherine Rae Lobe the greatest trading F.A. I have ever come across, she is very good at what she does....
Stock market is a FOOLS game like going to the Fair/carnival and trying to Win a prize. Fools are born everyday! why would u invest in something that u can't control and that has wild price changes and no return guaranties.. Why risk it and gamble in a game that you don't control the outcome of...
Not everyone is meant to be rich tho. Either change with the world or get left behind, Either get in now or miss the the train bc once it starts after this you want see these prices again for many many years once mass adoption hits.
Fools are the ones not investing, know plenty of people who have made good monev and has helped on retirement or it actually did retire them.. In all honesty I wasn't that good at stocks but after i seek help from an invstmnt-pundit now I'm knocking it outta the park. I have personally cleared $113k in debt and racked up around $420k in earnings and hope to get more
@@GarrettDills WOW!!!. I will be retiring early and i want to expanded my $380k reserve to $1M or more. Please who helped you and how can I count on him/her?
@@Shultz4334 KATHERINE DUFFY BURKE. She is one of the highest rated fiduciary-counselor with a good track record. She is also verifiable through various advisory bodies. Lookup her fullname on the web
@@GarrettDills I searched Katherine using her full name and it was really impressive. So, I sent a message on her official-internetpage and I hope she replies soon
One word: patience
Naa just need insider info
I always tell people that the highest calling of mankind is private equity.
Such great questions and very insightful
So step 1 be born into money 😂😂
Step 2 be good at math.
He said middle class, that doesn’t mean money in today’s times…
Melissa is the best! Super smart and very engaging in interviews. Always asks the right questions.
The number one thing that makes a good investor is "diversification". You must never put all your eggs in one basket.
I'll give an unrelated example; An associate of mine lost almost half of his inheritance in the very recent Luna saga and now he feels investments are a scam. Personally, as one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though). I also experiment with a couple of other things. Imagine what the situation would had been given the present real estates market if I were solely banking on it. Goodluck!
Very sound and pragmatic. I have been into this for long and though I won't say I have lost a fortune, but I have squandered quite a lot. If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...
facts only
@@archiemcdougald5466 Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@@thesportsguruu wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@@thesportsguruu Thank you...
Thanks for asking Good Questions.
Impeccable suite!
Smart move. Move to DC, Invest in what the politicians r investing in. Pay for strippers, escorts & coke. Massive ROI.
Rubenstein is a tough and smart ... almost got caught off guard by Becky's question about why starting in DC (insinuations ;)
Melissa comes in with a real smart questions about convention wisdom ... He answered like a champ (very smart indeed)
Love Rubenstein and watch all of his interviews with investors, enjoyed this content... Looking forward to the week ahead with volatility and opportunity to come!
He is a scam artists and promoted Sam Bankmam Freid. But of course you idolize your kind....
Becky did a great job with this interview like always
Keep up the good work CNBC
This man is a genius. He influenced me so much. Thanks, David!
How did he influence you? What books of his would you recommend? Thanks.
@@Akas410 big fan of his interviews, speeches and insights. Read both books but more than those his plethora of activities is inspiring.
@bogdar Thanks for the response. Can you give some actual examples of how he actually helped you with your investing?
In your opening, you spelled "Druckenmiller" with an "n" instead of a "c". He is not drunk!
Good eye 😅
Referring to your last sentence: you just never know
Very superficial advice. Going against convention wisdom could also involve investing in ceiling wax. If you want to learn about what makes a great investor read Warren Buffet's annual reports or "You can be a stock market genius" by Joel Greenblatt.
I find David's thoughts on investing and finance to be very surface level, I guess that's why we know him more as an interviewer.
The number one quality for being a great investor is knowing the future.
The Northern Han crime family has been marked for extermination. Psalm 21 KJV
and knowing the future combines so many things, ie probablistic thinking, knowledge of history, knowledge of human nature, understanding the mechanics of the news cycle & crowd sentiment, self awareness, self-honesty, emotional regulation, learning-growth mindset, temperence, etc
Not true. Nancy pelosi is a great investor & she doesn't know the future. Yet she is doing fairly well. Insider information. It's like having a cheat sheet.
Wrong. George Soros never knew the future. He speculated on what he thinks will happen and how the future will evolve. He was caught wrong many times but survived by CUTTING LOSSES EARLY. When he was right, he added more to the position and LET IT RIDE.
That's about it.
@@soulg1969 Your argument that great investors need to know the future is invalid. No one knows the future. They can predict it but could still be either right or wrong. What's important is how much they make or lose when they're right or wrong. So you can be wrong 100 times but still make 1000x money on that 1 single prediction.
Is now a good time to invest in overall market like SPY and VTI ? I heard wait till after Sept but Sept it has been running up every day
Minervini has the best book as does the Bill O'Neil book that talks about how people from humble backgrounds did much better than silver spoon types....
David sounds different, maybe it’s just the mic or the role reversal and setting change.
Its the pretty women, hes intimidated
Almost none of this video was about what makes a great investor
What makes a good Investor is to stick to your guns and learn the markets .. eat sleep breath the market .. it doesn’t matter what your background is, he is wrong on some of his points
Great video! But im not so convinced that Bitcoiners want Ethereum to fail. I feel BTC and ETH have a symbiotic relationship. If ETH has an amazing POS transfer, it could be good for the whole crypto market. They're two completely diff blockchains for diff purposes.I have learned from you and other Youtubrs especially my mentor Ivana Marich who taught me how to make trades and increase my crypto daily, ive went from 4 btc to over 12 btc in few weeks.
So amazing to see others who trade with Mrs. Ivana Marich I'm currently on my 5th trade with her and my portfolio has grown tremendously.
As a first time investor I started trading with her with just a thousand bucks. my portfolio is worth much more than that now within just weeks of trading with her.
@Paula Lima you can communicate with her on telegm with the user name below
Investwithlmarich😘
Both solve are tech programmable monetary systems that solve 2 different problems the 2 are winners and can coexist I'm Buying both for the long-term
what i heard is buy military defense spending related companies lol
U win every stock u pick
Then u can be great
Did you just say poverty stricken families cannot be nice families?
Yes. He said that. What a POS
Yes, he did say that smh
That's what I heard. Couldn't quite believe it. Had to replay that bit.
He didn’t say that. He said they come from nice families, not poverty stricken families, good in math, etc. He is adding the features he found…
@@terriblepainter7675 He said poverty stricken families were not good families and that they couldn't produce anyone with value.
David is a legend
Yea at getting inside info
Drunkenmiller? 😂 hahah nice typo CNBC
Nice Suit 👌
When your well divrrsified in all markets and have insiders you cant lose,and it's always been that way.
Everyone needs more than there salary to be financially stable. The the best thing to do with your money is to Invest it rightly because money left for saving always end up used with no returns
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend either real estate or crypto and stocks
I think investing is easier with proper guidance, especially from a proffessional it really helps reduce the chances of running into losses. All thanks to Mrs Evelyn Vera she changed my life, I was able to pay off my mortgage.
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency I've been trading since the dip, I've made so much profit trading.
Same here, i will praise Mrs Evelyn Vera over and over again because she has great skills, i started with $500 and after 2week i received a returns of $6,000 then i continue with her ever since she has been delivering.
I traded with her, The profit are secured and over a 100% return on investment directly sent to your wallet.
I was thinking he cried in the show hahaha
All you have to do is listen to Cramer...you'll be rich🤣🤣🤣
I thought this was the dude from cheaper by the dozen😂😂😂
He does look like Steve Martin ha
All I heard is "Buy and Hold"
David, if stock market crashes? does my money market crash too>>>>>>>>>>>??????????
If you’re casually interested in something and anyone says it’s not a good area…use your curiosity and keep exploring.
Although there weren't any real surprises aside from David Rubenstein's bullishness with regards to crypto, this was an interesting interview. Working hard, loving what you do and having a decent amount of pluck serves people well in many fields, and these qualities (along with some facility with numbers) are probably particularly important in investing. As for crypto, the technology is cool, but I don't see the point. It's bad for the environment (although apparently this may be changing) and crypto-mining has ruined entire communities. It's not really a stable store of value as some claimed it would be. In fact, it behaves more like a tech stock than a currency (and a lot of people who believed it was a store of value have probably gotten pummeled by the dive in equities).
So making a buck by exploiting Tax Dollars has become the new normal?
The idea of the US monitory system serving the average Citizen, and our participation in the system has some explaining to do?
Have they purchased Democracy and what do they intend to do with it?
Thanks for this wonderful video..I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mr Nicholas
Wow I'm just shock you mentioned and recommended Expert Mr Nicholas,I thought I'm the only trading with him
Here in Holland Expert Mr Nicholas carries out the both orientation and mentorship
potentials
Sometimes I really wondered how people make this huge profit investing on stocks market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
Am I the only one who doesn't understand crypto ? Watching a documentary videos about it and still don't make higher profit
@Felicia Oyeniran wow am shocked someone mentioned and recommended Madeleine latitia here I thought I'm the only one trading with her
@Harold Megan wow I just made my first withdrawal today, tradlng with Madeleine latitia is really good
Indeed she's an expert
All thanks to my aunty who introduced me to her
The fact that the rich love crypto says it all. As a means to manipulate and hide wealth, there is nothing equal. Thus it will be embraced regardless of the consequences for the country.
Who does that blond lady think she is, Matthew McConaughey or something ? Loll..
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities :(
@@noahfleming8982 Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@@idellameyer7411 Hi , please who is the expert assisting you and how do i reach out to them?
@@gaileickhoff116 The broker I'm in touch with is *Julia Renee Lindberg* . I came across her in a Bloomberg interview and got in touch with her. You can use something else. for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on
@@idellameyer7411 Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing
@@idellameyer7411 Julia Linberg is a famous Nigerian scammer. Be careful.
Historically who we consider great were more often than not just beta investors whose performance wasn’t risk adjusted. ie: if you started buying bonds in the mid 1990s to last year..you’re considered great. If you invested in technology in the 1980s until last year, you would be considered great. If you caught the commodity boom in the 1970s and made a fortune. Another factor would be tax efficiency….if you’re going to trade use your retirement account, use futures and options(tax advantage), reits offer a slight advantage, muni bonds, llcs to structure accounts and real estate investment, etc
I will just keep buying Google, FedEx and PayPal. Shorting Bumble, Decibel Therapeutics and Pinterest.
FedEx is a mess
Secret to investments in Washington is insider trading
He forgot one important trait to be a great investor.......... Delaying Gratification.
As long as the Fed keeps increasing the money supply we are going to have high inflation. The Fed balance sheet is 9 trillion dollars. Hello! Is anyone listening. Before covid the m2 money supply was around 14 trillion dollars . Today it's close to 22 trillion dollars. Hello!
I thought he was gonna say “be a Pelosi”
Well, this “going against a conventional wisdom” reminds me of gold. John Paulson made his money investing in gold then too.
Read the book "1,000% Returns: Taking Advantage of the Stock Market's Gross Incompetence."
Going against convention wisdom and grain,sums up why I have held GME for 2 years,shorts never closed
I just started with only $200.
Daily $40 profit is Enough for men.
How come the men wear a jacket and a rope thing around their neck and the women show their shoulders and paint their face?
Cause they follow societal norms
This guy is 90 years old
He actually never went against conventional wisdom anything near approaching age examples ge described others taking. He isa dyed-in-the-wool conservative investor. Making millions or billions running an investment fund is pretty much pat for the course- you make money whether your clients make or lose money. The one exception of course would be Trump- drove a casino into bankruptcy.
Excessive returns in private equity were a function of the lack of liquidity which can be duplicated with a leveraged Russell 2000 etf. He made a fortune managing money which requires wealthy and powerful connections.
Carlyle group is that a rap group? Biden PUT rhythm 🥁
"Nice families, not poor families" lol
#OverturnCitizensUnited
Everything he said is Total BS
Steve Martin
3:05 NOT TRUE!!! LIES!!!
Mr. Rubinstein,did you get my tweet?
mirror mirror on the wall , ;P
You buy high and sell low.
Secret to invest in Washington, connection with corrupt politicians!
Gee, crypto industry will avoid regulation because it is so deeply embedded in lobbying. The secret of being a great investor, huh? I am shocked - simply shocked.
👊
Nah, greed has nothing to do with it, along with repetitive dopamine hits. In order to win, there are those that must loose.
Don’t be left behind buy Shiba INU crypto currency now its going to explode ❤️💥 #SHIBAINU 😄
Crypto!!!
IT'S STRANGE HOW PEOPLE TALK ABOUT ALL THE PROFITS , THEY'VE BEEN MAKING THROUGH TRADING OF BITCOIN, WHILE AM HERE MAKING HUGE LOSES. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH OR AT LEAST ADVISE ME ON WHAT STRATEGY TO FOLLOW
❤💫👌🔥
!
good question asked by the Asian lady
conventional wisdom now:
fed will increase rate more
heading into recession
growth of tech companies will not be as impressive going forward
"conventional wisdom are usually wrong"
If I were a billionaire like him, I would open another Epstein island.
crook
Even with the current dip in crypto, I still thank you for the level-headed financial advice. I started stock and crypto investment with $4,345 and since following you for few weeks now, I've gotten $18,539 in my portfolio. Thanks so much Mr Dominic Jones
I'm surprised you know him too. I've been making a lot of profits investing with him for a few months now.
Mr Dominic Jones changed my life because of the
high profits I got from trading with him
He's all about everything 'bullish' he's one of the best traders out here, never been any lost trades since I started working with him, glad we crossed path.
Please any information on how i can get intouch with Mr Dominic.?
When I was on duty my colleagues told me about his strategy, they doubted it, now they rate it 100% after testing it and we will stick with this way of trading as long as bitcoin lives.
Bunch of beloney
That didn’t age well.
Why does cnbc confuse the fed balance sheet with inflation maybe because fed cut off free tax $ in the market & it must be replaced with more free $ while inflation makes a perfect excuse
Nonsense nutcase
I undeniably treasure the update on crypto we are getting from you,
I'm glad that I enjoy investing. I love the act and the concept of investment. Of course, losing money is painful but the progress, the work is really something that I feel enjoyable
Work hard haha cheat
Lmaooooooooo. This guy is a clown. Find the right stock. Thats it. This guy wont tell you anything but beat around the bush.
This is crap advice. Easy to say bitcoin as an example of "going against conventional wisdom" right now. You know what going against conventional wisdom also gets you? Losing everything you built plus your retirement. This is a terrible advice. Buffet said it better
Great, a book about privileged middle class white men increasing their privileg. It’s like a book about a baker’s son that ended up making a cake..
Investing correctly means investing usdt in bitcoin
Sure you need to go against conventional wisdom. The problem is when not if.
dumb luck… “investor”…
Yuck, pushing crypto.