Invest Like the Best

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

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.
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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

Jared Kushner - The Mechanic - [Invest Like the Best, EP.402]

Podcast Notes Playlist: Business