Billionaire David Rubenstein told us why he paid $1.7 billion for a baseball team, and shared his 2 biggest investing mistakes
Source: Business Insider ·
Billionaire investor David Rubenstein spoke to BI about buying the Baltimore Orioles, missing Amazon and Facebook, and the trajectory of AI stocks.
From the source
David Rubenstein is the principal owner of the Baltimore Orioles.Chris Bernacchi/Diamond Images via Getty ImagesDavid Rubenstein spoke to Business Insider about buying a sports team and his two big misses.He said the AI boom may still have steam, and selling in a crash can be a massive mistake.The private equity billionaire and author published a new book, "Inside the Owner's Box," this week.David Rubenstein explained why he bought a baseball team, missed out on Amazon and Facebook, and would be careful betting on or against the AI boom.The billionaire cofounder of Carlyle Group, one of the world's biggest private equity firms, spoke to Business Insider ahead of the release of his new book "Inside the Owner's Box: Conversations on Power and Leadership in Sports."In the book, Rubenstein tells the story of buying the Baltimore Orioles for around $1.7 billion in 2024, and shares his interviews with fellow team owners, including Robert Kraft of the New England Patriots.He told Business…