From The Son Of A Postman To The $400 Billion Man: David Rubenstein

In this episode of Big Shot, we're thrilled to welcome the incredible David Rubenstein! As a co-founder of The Carlyle Group, one of the globe's top private equity firms, David's journey from a Baltimore kid with big dreams to a presidential advisor and business mogul is truly inspiring. Join us, as David reveals how he overcame rejection after President Carter lost his re-election and pivoted into private equity. Learn why he's dedicated to giving back through initiatives like the Giving Pledge, and get ready for some thought-provoking insights, including why hiring geniuses might not be the best idea and tips on avoiding spoiling your kids. In This Episode We Cover:  (03:40) Welcome David Rubenstein  (04:50) Why David and Harley both maintain their bar memberships (05:37) Why education is important to the Jewish people (07:30) David’s upbringing in Baltimore (10:00) The difficulties that come with raising children when you’re wealthy (11:30)  David’s relatively laid-back parents (13:34) The Jewish youth group that fueled David’s drive for more (14:15) David’s first job out of law school (15:25) How David became an advisor to President Jimmy Carter  (16:42) The years of struggle after Jimmy Carter failed to get re-elected (20:41) How the Carlyle Group got their start (24:36) Carlyle’s “bear hug” on Chichi’s (27:22) David’s growth strategy for Carlyle focusing on diversification and globalization (31:30) David’s mom’s philanthropy  (34:14) What the Giving Pledge is  (36:43) David’s philosophy on philanthropy  (39:33) An explanation of the Magna Carta, its failure, and the anti-semitism of the day (42:22) David’s focus on patriotic philanthropy  (46:47) How David became the fundraiser for Carlyle  (47:56) How Carlyle was able to build a lasting company (49:27) Why reasonably intelligent people make better employees than geniuses (50:04) The cultural values that make Jewish people successful and want to give back (54:10) Antisemitism in the US and Europe (54:28) Why David still doesn’t think he’s made it (55:33) Tips on raising kids and the three ways to influence people as a leader — Referenced:  David Rubenstein on Patriotic Philanthropy: https://www.whitehousehistory.org/the-white-house-1600-sessions/david-rubenstein-on-patriotic-philanthropy Shelley v. Kraemer: https://en.wikipedia.org/wiki/Shelley_v._Kraemer Virtual Jewish World: Baltimore, Maryland: https://www.jewishvirtuallibrary.org/baltimore-jewish-history-tour#google_vignette Paul, Weiss, Rifkind, Wharton & Garrison LLP: https://www.paulweiss.com/ Ted Sorensen: https://en.wikipedia.org/wiki/Ted_Sorensen William Simon: https://www.philanthropyroundtable.org/hall-of-fame/william-simon/ G. William Miller: https://home.treasury.gov/about/history/prior-secretaries/g-william-miller-1979-1981 Edward J. Mathias: https://www.carlyle.com/corporate-overview/operating-executives-advisors/edward-j-mathias T. Rowe Price: https://www.troweprice.com/ The Mellon family: https://www.forbes.com/profile/mellon/?sh=21c04b3f6c8b Greenmailing: https://www.investopedia.com/terms/g/greenmail. Mike Milken: https://milkeninstitute.org/staff/mike-milken Frank Carlucci: https://en.wikipedia.org/wiki/Frank_Carlucci John Major: https://www.britannica.com/biography/John-Major Why are there so many Jewish Nobel winners?: https://www.thejc.com/lets-talk/why-are-there-so-many-jewish-nobel-winners-ctycke48# — Where to find David Rubenstein X: https://twitter.com/DM_Rubenstein Website: https://davidrubenstein.com/ Where To Find Big Shot:  Website: ⁠https://www.bigshot.show/ YouTube: ⁠https://www.youtube.com/@bigshotpodcast⁠   TikTok: https://www.tiktok.com/@bigshotshow⁠    Instagram: ⁠https://www.instagram.com/bigshotshow/⁠   Harley Finkelstein: ⁠https://twitter.com/harleyf⁠  David Segal: ⁠https://twitter.com/tea_maverick⁠ Production and Marketing: ⁠⁠https://penname.co