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

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

2024/12/20
logo of podcast Invest Like the Best with Patrick O'Shaughnessy

Invest Like the Best with Patrick O'Shaughnessy

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Jared Kushner
K
Katie Ellenberg
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Patrick O'Shaughnessy
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Jared Kushner:我将人生中的挑战视为‘训练’机会,积极乐观的心态和祈祷帮助我克服逆境,从失败中学习,并从中获得成功。我专注于可控因素,努力创造最佳结果,而不是纠结于不可控因素。 Patrick O'Shaughnessy:你认为这种积极的心态是主动选择的结果吗?它是否对每个人都适用?

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Key Insights

What is Jared Kushner's philosophy when facing challenges and setbacks?

Jared Kushner sees challenges as opportunities for learning and growth, focusing on what he can learn from them rather than dwelling on the negative. He emphasizes radical acceptance, staying focused on solving problems, and maintaining a positive outlook to manifest better outcomes.

What was Jared's experience with the 666 Fifth Avenue real estate investment, and what did he learn from it?

Jared bought 666 Fifth Avenue in 2007, just before the financial crisis. The deal faced significant challenges, but he learned the importance of having the right capital structure, being patient, and finding ways to unlock value. The investment eventually turned into a success, teaching him valuable lessons in problem-solving and resilience.

How does Jared approach negotiations in New York real estate, and what stands out about his style?

Jared focuses on understanding the priorities and objectives of the other party, aiming for win-win outcomes. He avoids over-negotiating minutiae and instead tries to build trust and long-term relationships. His approach is to be fair, transparent, and honorable, which sets him apart in a cutthroat market.

What was the key to Jared's success in negotiating the Abraham Accords?

Jared's success in the Abraham Accords stemmed from his willingness to listen and learn from regional leaders, focus on mutual future interests, and build trust. He avoided relitigating past grievances and instead worked on creating economic opportunities and stability, which resonated with leaders and ultimately led to historic breakthroughs.

What are the most important elements in Jared's investment philosophy for Affinity Partners?

Jared's investment philosophy for Affinity Partners includes four key principles: identifying big macro trends, backing exceptional people and teams, finding structural advantages, and asking why Affinity should be the one to make the investment. He emphasizes the importance of being selective, disciplined, and continuously rechecking assumptions.

How does Jared describe his experience working with Brad Jacobs on investments?

Jared finds Brad Jacobs incredibly charismatic, visionary, and intellectually flexible. Brad's commitment to excellence and his ability to attract top talent have inspired Jared to push his own investments to be more aligned with his unique vision and skills, focusing on building something that is both interesting and impactful.

What are Jared's thoughts on the potential for a deal between Saudi Arabia and Qatar, and how did he facilitate it?

Jared facilitated the reconciliation between Saudi Arabia and Qatar by brokering a direct phone call between MBS and Tamim. He built trust with both sides and convinced them to work towards a resolution. Despite initial skepticism, the deal was eventually signed, leading to improved relations and economic collaboration in the region.

What does Jared think about the role of bureaucracy in government, and how should it be addressed?

Jared believes that bureaucracy in government often lacks clear objectives and incentives for efficiency. He supports the idea of reducing bureaucracy and empowering career civil servants to make better decisions. He thinks that a more streamlined and transparent approach can lead to significant improvements in government performance and public outcomes.

What are the most significant geopolitical issues Jared foresees under President Trump's administration?

Jared sees the Russia-Ukraine conflict, the Iran situation, and the normalization of relations between Saudi Arabia and Israel as the most significant geopolitical issues. He also highlights the importance of fostering a fair global trading system and managing the U.S.-China relationship. He believes that addressing these issues can set the stage for global prosperity.

What is Jared most proud of from his time in government, and what work remains unfinished?

Jared is most proud of the criminal justice reform efforts, which provided skills training and reduced recidivism rates. The Abraham Accords and the GCC deal were significant achievements, but he believes more work is needed on the Palestinian issue, Iran, and further normalization in the Middle East.

What does Jared see as the future of media, and how would he approach starting a new media venture today?

Jared sees podcasts as the most powerful form of media today, providing high-quality information and building trust. He believes that traditional news media is becoming less relevant due to social media and AI, and that a new media venture should focus on synthesizing and curating information for people who are looking for it, rather than just providing a news digest.

What is the kindest thing that has ever been done for Jared, and how has it influenced him?

When Jared's father was in prison, a friend took Jared to lunch and asked how he was doing, providing emotional support during a difficult time. This act of kindness has influenced Jared to be a good friend and support others during their vulnerable moments, emphasizing the importance of simple acts of kindness in building strong relationships.

Chapters
Jared Kushner shares his philosophy on challenges and success, emphasizing a mindset of radical acceptance and focusing on what can be controlled. He believes that setbacks are opportunities for growth and that optimism leads to better outcomes.
  • Kushner views challenges as "training opportunities."
  • He practices radical acceptance and focuses on controllable factors.
  • Optimism and gratitude are central to his approach.

Shownotes Transcript

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