Evidence receipt / evaluation
Published · transcript-backedDavid Rubenstein: evaluation
17 Nov 2021 Conversations with Tyler David Rubenstein on Private Equity, Public Art, and Philanthropy
“Lawyers tend to be very process-oriented and very systematic, and as a result, they tend not to take big leaps of faith because you’re taught in law school to worry about precedent.”
Source trail
Everything needed to verify it.
- Speaker
- David Rubenstein
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 17 Nov 2021
- Publisher
- Conversations with Tyler
Transcript context
…Why do so many wealthy people have legal backgrounds, but the very wealthiest people typically do not? Lawyers tend to be very process-oriented and very systematic, and as a result, they tend not to take big leaps of faith because you’re taught in law school to worry about precedent. Precedent is not what makes entrepreneurs successful. You have to ignore precedent, and you’ll break through walls and say you can’t be worried about what the precedent was. If you’re worried about precedent, you’ll never make a leap of faith to create a company like Apple or a company like Amazon. Lawyers tend to be more, I would say, tradition-oriented, more process-oriented, and more precedent-oriented than great entrepreneurs are. Within, say, a 25-year time horizon, what do you think is the greatest risk to American prosperity?…
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