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Barry Glassman moderated this morning’s conversation with David Rubenstein, billionaire, co-founder of the Carlyle Group, and one of the most world’s most successful business leaders. The event was held at the Willard Intercontinental Hotel in Washington, D.C. for over 475 attendees and Glassman Wealth Services guests.
Barry asked David a wide variety of questions ranging from his advice to solve the US debt crisis – David thinks that Congress is unable to tackle chronic issues and that it may take a crisis for them to act, to where he thinks inflation will go – David believes it’s headed up to 5%, but doesn’t believe it will rise to unbearable levels. He joked that inflation won’t come anywhere close to the whopping 19% that occurred when he was Deputy Domestic Policy Advisor for the Carter administration.
To answer Barry’s question about where to find opportunities in global markets, David thinks that China, Brazil and India are poised to have the most growth with China surpassing the US as the largest economy by 2035.
On a more personal note, Barry asked David about his acquisition of some very famous historical documents including copies of the Magna Carta, Emancipation Proclamation and the Declaration of Independence. David said that he purchased the documents as a gift to the United States for the opportuntities this country has given him. He also wants to share them with future generations so they will also know the importance of these timeless words in shaping of our nation.