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Jared Kushner - The Mechanic - [Invest Like the Best, EP.402]
Manage episode 458492917 series 3253011
Key Takeaways
- “In life, you learn very little when things go right. You learn a lot when things go wrong.” – Jared Kushner
- You cannot worry about the things that you cannot change; have radical acceptance and focus on the things that you can do to understand the problem better
- Focus on being long-term greedy: Create win-wins by convincing your counterparts, who have more leverage, to do something that you want to do by catering to their interests more than their sympathies or fears
- Focus on the next deal instead of the last dollar
- To understand what a person wants, you have to listen!
- Find the smartest people you can who have a vested interest in the situation, and ask them about their perspective
- “I wouldn’t die for my beliefs because my beliefs might be wrong.” – Unknown
- Practice humility and always recheck your assumptions
- To be successful, you have to make three good decisions per year
- The foundational question Jared asks himself when faced with a challenging problem:“How would you want to be a role model for your children?”
- “Ultimately, I think the topic that will probably be the most impactful of the next four years will be how President Trump deals with artificial intelligence and what could be AGI or superintelligence, and how this is coming very rapidly.” – Jared Kushner
- Work should not be distributed; when you find something worthwhile, go all in on it
- Four investing principles: (1) Identify the big macro trends (2) Back phenomenal people and teams (3) Invest in businesses with structural advantages or moats (4) Be selective in where and who you invest with
- The two most important questions to ask yourself are: What do you want and what are you solving for?
- Give everyone the benefit of the doubt; you never know what people are going through in a given moment
Read the full notes @ podcastnotes.org
My guest today is Jared Kushner. Jared has lived more lives than just about anyone I know his age. He ran Kushner companies for years, investing in real estate in and around New York City. He owned the New York Observer. He was a senior advisor to President Trump in his first term. He now runs Affinity Partners, which we discuss in detail, a private equity firm built to find and execute unique investments around the world that stem from Jared's unique set of experiences in business and government. This is one of our longest episodes ever because there was so much to discuss. We cover real estate, negotiation, geopolitics, his work in prison reform, Operation Warp Speed, and the Abraham Accords in the Middle East, business, investing, his family, and everything in between. Jared told me I could ask him about anything--and I really enjoyed doing so. Please enjoy my conversation with Jared Kushner.
My guests today For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. AlphaSense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster.
–-
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
–-
This episode is brought to you by Ramp. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest growing FinTech company in history and it’s backed by more of my favorite past guests (at least 16 of them!) than probably any other company I’m aware of. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus.
-----
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:08:45) Jared's Philosophy on Challenges and Success
(00:13:38) Real Estate Ventures: The 666 Fifth Avenue Story
(00:20:31) Lessons from New York Real Estate
(00:30:04) Diplomacy and the Middle East
(00:37:03) Leadership and Change
(00:41:14) Geopolitical Landscape and Future Prospects
(00:47:53) Affinity Partners: Vision and Strategy
(00:52:42) Navigating Market Shifts
(00:54:39) Case Study: Mexico Investment
(00:58:34) Global Investment Strategies
(01:02:42) Investment Philosophy and Principles
(01:07:04) Challenges and Problem-Solving
(01:23:14) Government Efficiency and Bureaucracy
(01:34:57) Stepping into the Spotlight
(01:37:19) Manifesting Success with Partners
(01:38:05) Learning from Brad Jacobs
(01:42:09) Middle East Economic Development
(01:46:08) The Qatar-Saudi Reconciliation
(01:52:25) Perceptions of Key Middle Eastern Countries
(02:07:34) Preparing for Trump's Return
(02:14:36) Early Days of Thrive Capital
(02:16:56) Helping Entrepreneurs and Building Thrive
(02:24:51) Lessons from My Father
(02:37:47) Future Vision and AI
(02:48:45) The Kindest Thing Anyone Has Ever Done For Jared
33 episodes
Manage episode 458492917 series 3253011
Key Takeaways
- “In life, you learn very little when things go right. You learn a lot when things go wrong.” – Jared Kushner
- You cannot worry about the things that you cannot change; have radical acceptance and focus on the things that you can do to understand the problem better
- Focus on being long-term greedy: Create win-wins by convincing your counterparts, who have more leverage, to do something that you want to do by catering to their interests more than their sympathies or fears
- Focus on the next deal instead of the last dollar
- To understand what a person wants, you have to listen!
- Find the smartest people you can who have a vested interest in the situation, and ask them about their perspective
- “I wouldn’t die for my beliefs because my beliefs might be wrong.” – Unknown
- Practice humility and always recheck your assumptions
- To be successful, you have to make three good decisions per year
- The foundational question Jared asks himself when faced with a challenging problem:“How would you want to be a role model for your children?”
- “Ultimately, I think the topic that will probably be the most impactful of the next four years will be how President Trump deals with artificial intelligence and what could be AGI or superintelligence, and how this is coming very rapidly.” – Jared Kushner
- Work should not be distributed; when you find something worthwhile, go all in on it
- Four investing principles: (1) Identify the big macro trends (2) Back phenomenal people and teams (3) Invest in businesses with structural advantages or moats (4) Be selective in where and who you invest with
- The two most important questions to ask yourself are: What do you want and what are you solving for?
- Give everyone the benefit of the doubt; you never know what people are going through in a given moment
Read the full notes @ podcastnotes.org
My guest today is Jared Kushner. Jared has lived more lives than just about anyone I know his age. He ran Kushner companies for years, investing in real estate in and around New York City. He owned the New York Observer. He was a senior advisor to President Trump in his first term. He now runs Affinity Partners, which we discuss in detail, a private equity firm built to find and execute unique investments around the world that stem from Jared's unique set of experiences in business and government. This is one of our longest episodes ever because there was so much to discuss. We cover real estate, negotiation, geopolitics, his work in prison reform, Operation Warp Speed, and the Abraham Accords in the Middle East, business, investing, his family, and everything in between. Jared told me I could ask him about anything--and I really enjoyed doing so. Please enjoy my conversation with Jared Kushner.
My guests today For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. AlphaSense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster.
–-
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
–-
This episode is brought to you by Ramp. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest growing FinTech company in history and it’s backed by more of my favorite past guests (at least 16 of them!) than probably any other company I’m aware of. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus.
-----
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:08:45) Jared's Philosophy on Challenges and Success
(00:13:38) Real Estate Ventures: The 666 Fifth Avenue Story
(00:20:31) Lessons from New York Real Estate
(00:30:04) Diplomacy and the Middle East
(00:37:03) Leadership and Change
(00:41:14) Geopolitical Landscape and Future Prospects
(00:47:53) Affinity Partners: Vision and Strategy
(00:52:42) Navigating Market Shifts
(00:54:39) Case Study: Mexico Investment
(00:58:34) Global Investment Strategies
(01:02:42) Investment Philosophy and Principles
(01:07:04) Challenges and Problem-Solving
(01:23:14) Government Efficiency and Bureaucracy
(01:34:57) Stepping into the Spotlight
(01:37:19) Manifesting Success with Partners
(01:38:05) Learning from Brad Jacobs
(01:42:09) Middle East Economic Development
(01:46:08) The Qatar-Saudi Reconciliation
(01:52:25) Perceptions of Key Middle Eastern Countries
(02:07:34) Preparing for Trump's Return
(02:14:36) Early Days of Thrive Capital
(02:16:56) Helping Entrepreneurs and Building Thrive
(02:24:51) Lessons from My Father
(02:37:47) Future Vision and AI
(02:48:45) The Kindest Thing Anyone Has Ever Done For Jared
33 episodes
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