American - Businessman | August 11, 1949 -
The world is a complicated place, and there's a lot of division between people. The performing arts tend to unify people in a way nothing else does.
David Rubenstein
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What do most people say on their deathbed? They don't say, 'I wish I'd made more money.' What they say is, 'I wish I'd spent more time with my family and done more for society or my community.'
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As the baby boomers like me are retiring and getting ready to retire, they will spend whatever it takes - and they're the wealthiest generation in our country - to make themselves live an enjoyable life in their retirement years.
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I'm on a lot of nonprofit boards, but if I didn't enjoy it I wouldn't do it. I haven't yet done anything that's transformational in philanthropy. But I hope at some point to target two or three causes or organizations and really make transformational gifts.
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You can only do three things with your money. You can spend it. You can invest it. Or you can give it away. And if you invest it, you're really just getting more money to give away or buy something. How many things can you buy? So I don't really think there's a lot of choices.
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Probably in 2035 we will pass that mantle on to China. It will be the biggest economy in the world, and it will go way past us and way past India. Given the growth, the size, the opportunities, I don't think there's any other place in the world that can match it.
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Obama had reached out to the business community, they just haven't liked all of his decisions and some of his rhetoric. But generally, I think the administration is quite open and accessible.
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I regard food as fuel. I am not a brunch person.
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People used to think that private equity was basically just a compensation scheme, but it is much more about making companies more efficient.
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I realised how rich I had become and I asked myself, 'Do I really want to be the richest person in the cemetery?'
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I've given some money to the scholarships in the District of Columbia, to the best students in D.C... many of the students have written me letters telling me they could not have afforded to go to college without the scholarship and money I've given them.
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Anybody who gives away money is mostly looking at things where they think they can make a difference. I'm trying to help people who helped me, educational institutions that helped me with scholarships, or organizations that were very useful to me in growing up.
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