David Rubenstein: uncertainty

Transcript context

…How has learning to be a great interviewer made you a better investor? I’m not saying that it has. It may not have. If you want to be great at something, you’ve got to spend a lot of time at it. I’m spending a lot of time doing interviewing, so probably not a great investor so much. Now, what I’ve done in the investing world — I was never the investor at Carlyle. I was always the fundraiser, the strategist, the face of the firm, and the recruiter. Other people actually knew how to invest better, so I would sit on the investment committees and give my points of view, but they weren’t really relying on me. I’ve set up a family office, and I’ve hired some pretty good people to invest my money outside of Carlyle without being in conflict with Carlyle. I look at what they’re doing, and they tell me about what they’re doing, but I’m not the day-to-day investor. I’m not sure interviewing has made me a better investor, but you’re doing a lot of interviewing, it might make you a better investor, I don’t know. What is it you think you know about recruiting of talent that is not obvious and other people might not know?…

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