David Rubenstein (from website)
David Rubenstein, co-founder and co-chairman of the Carlyle Group, has some very good advice for people as to what to do with their money when it comes to investments. Basically, he says what people should not do: Don’t rush in or rush out of the markets when investing. Rubenstein is also high on the US economy right now.
He explained his reasoning in an interview with FOX Business Channel’s Liz Claman.
“When markets are going up as much as they are, people should look for things that are out of favor right now or things where it’s probably going too high and probably will come down a bit again,” said David Rubenstein. “I think prices are pretty high right now. Maybe they’re going to go up another 5% or so, but they’re not going up 50% from where we are now.”
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According to his official bio, David M. Rubenstein is Co-Founder and Co-Chairman of The Carlyle Group, one of the world’s largest and most successful private investment firms. Established in 1987, Carlyle now manages $382 billion from 28 offices around the world.
Rubenstein also said that the U.S. economy right now is “doing pretty well,” something that people who support the candidacy of Donald Trump for reelection to the presidency do not want to hear. They, and the Republicans, are claiming that America’s economy is in trouble so that they can claim President Joe Biden is doing a bad job.
David Rubenstein is so confident in the American economy right now that he said a recession “seems very much into the future.”
“We have recessions every seven years, so at some point there will be a recession. But it doesn’t seem that one is imminent in the next couple of quarters or so,” Rubenstein said.
David Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago; a Trustee of Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the National Constitution Center, the Brookings Institution, and the World Economic Forum; and a Director of the Lincoln Center for the Performing Arts and the American Academy of Arts and Sciences.
