Billionaire David Rubenstein told us why he paid $1.7 billion for a baseball team, and shared his 2 biggest investing mistakes

David Rubenstein, billionaire cofounder of Carlyle Group, explained why he bought the Baltimore Orioles for around $1.7 billion in 2024. He also shared his two biggest investing mistakes: missing out on Amazon and Facebook. Rubenstein spoke to Business Insider ahead of the release of his new book, "Inside the Owner's Box: Conversations on Power and Leadership in Sports." He said the AI boom may still have steam and that selling in a crash can be a massive mistake.

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