David M. Rubenstein is a distinguished American financier, philanthropist, and co-founder of The Carlyle Group, a global private equity firm. Beyond finance, he is an accomplished author and host of "The David Rubenstein Show: Peer-to-Peer Conversations," where he interviews influential leaders. Rubenstein is also a prominent advocate for preserving American history through his patriotic philanthropy, contributing to institutions like the Smithsonian and the National Archives.
Investing is not about beating others at their game. It's about controlling yourself at your own game.
The best investment you can make is in yourself.
Understanding risk is fundamental to investing.
Diversification is the only free lunch in investing.
Invest for the long haul. Don't get too greedy and don't get too scared.
Compounding is the eighth wonder of the world.
Never depend on a single income. Make investment to create a second source.
The goal of the non-professional investor should not be to pick winners but should rather be to own a cross section of businesses that in aggregate are bound to do well.
Successful investing takes time, discipline and patience.
The individual investor should act consistently as an investor and not as a speculator.
Wall Street makes its money on activity. You make your money on inactivity.
Don’t look for the needle in the haystack. Just buy the haystack!