Episode 22: Tully Friedman - Co-Founder of Hellman & Friedman

Amir Fischer interviews Tully Friedman, a private equity icon and co-founder of Hellman & Friedman and Friedman, Fleischer & Lowe. Tully shares his family's immigration story and discusses how his upbringing shaped his risk tolerance. He reflects on his time at Salomon Brothers and the founding of his private equity firms, emphasizing the importance of people, character, and long-term views in deal-making. Tully also shares his thoughts on investment talent, the challenges of finding quality management teams, and the greatest investments he's made, both personally and professionally. He expresses concerns about geopolitical risks, leadership deterioration, and the end of the golden age, advising young people to seek a broad education and prioritize learning from the right people.