![cover of episode Jared Kushner - The Mechanic - [Invest Like the Best, EP.402]](https://megaphone.imgix.net/podcasts/7c790068-be83-11ef-a8ac-e39af39942da/image/b80220b1904bb973dd9ae759df33ff75.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress)
Jared Kushner - The Mechanic - [Invest Like the Best, EP.402]
Invest Like the Best with Patrick O'Shaughnessy
Deep Dive
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.
- 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