The David Rubenstein Show: Saudi Wealth Fund Head Yasir Al-Rumayyan
Yasir Al-Rumayyan, governor of Saudi Arabia's Public Investment Fund (PIF) and chairman of Saudi Aramco, talks about investing in Uber and Softbank's Vision Fund, growing the business and how the country is now more open for business. He appears on the latest episode of "The David Rubenstein Show: Peer-to-Peer Conversations." This interview was recorded on Feb. 27 in Berlin.
Пікірлер: 631
just a Newcastle fan passing by... oh hey Daddy!
@conleytoby1547
4 жыл бұрын
I came for the same reason, to see the new Newcastle chairman and I knew I would see Geordies on here.
@Tangoury
4 жыл бұрын
me too Im saudi and came to see the new chairman and become a fan of Newcastle
@blblist
3 жыл бұрын
I am here to let you know the deal is canceled :)
@majidalihamid
3 жыл бұрын
This comment didnt age well! 😂😂
@fudgerace4356
3 жыл бұрын
Its cancelled, if not EPL would have Big7...
سأقدر هذه القناة إلى الأبد، لقد ساعدتني أنا وعائلتي كثيرا، ومقاطع الفيديو الخاصة بك ونصائحك ودروسك وكلماتك المضحكة ملهمة ومفيدة لنا. لقد تمكنت أنا وزوجي من الحد الأدنى، واعية بالإنفاق والادخار والاستثمار بحكمة، والآن أكسب كل أسبوع. أنت نعمة لهذا الجيل، كلنا نحبك
@johankarlsson1802
Жыл бұрын
@Ibrahim Ashraf يمكنني مشاركة البعض الذي ساعدني خطط لذلك كن في الحد الأدنى من الإنفاق وفر المال بحكمة نحو التقاعد ادخر للاستثمار، إنها طريقة مجربة لتصبح أكثر ثراء
@johankarlsson1802
Жыл бұрын
@Ibrahim Ashraf هناك الكثير من خيارات الاستثمار (الأسهم العقارية والذهب والفضة والعملات المشفرة وAirbnb وETFS)
@johankarlsson1802
Жыл бұрын
@Ibrahim Ashraf يندفع الكثير من الناس إلى التداول دون معرفة كيفية عمله وهذا خطأ كبير لذلك أقترح عليك العثور على شخص يرشدك
@johankarlsson1802
Жыл бұрын
@Ibrahim Ashraf أعرف شخصا يمكنه مساعدتك في الكسب
@johankarlsson1802
Жыл бұрын
السيدة سالي لويس
Yasser is a wonderful speaker, an intelligent person, and has a strong charisma ... We Saudis are very proud of him
@jolly-rancher
Жыл бұрын
2 riyals were deposited into your account
@AlamoudKhaled
Жыл бұрын
@@jolly-rancher bruh
@owenswabi
Жыл бұрын
@@jolly-rancher 6000 Neom game tokens have been deposited
@isisjsbsdi5939
4 ай бұрын
@@jolly-rancher😂😂
I believe the Saudi's are making smart decisions. Not fully relying on the oil & gas industry but venturing into different industries. If the government is able to develop talent by good schooling and attract talent by good living conditions. It will be a great succes story for the upcoming generations.
@sariharis
3 жыл бұрын
totally agree they are working hard towards that goal
@al3ndlib
3 жыл бұрын
Saudi Arabia has spent on my education and living expenses about $500,000 when I was studying in the US, and it’s been doing the same for hundred of thousands of students yearly for the past 40 years. Saudi Arabia not only offer free college education inside and outside the country, they actually pay you to go to college! All of this done before even taxes were introduced back in 2018! Saudi Arabia although it’s been demonized everyday in the west, It’s the most educated and advance in the Middle East, as it’s with its Arab Gulf neighbors are ranked top 5 safest countries in the world. it’s also one of the most tech savvy nations where every service the government provides has its own app. Saudi tech Entrepreneurs are funded by the government with interest free loans which created a tech startup environment that is similar to the one in US back in the 90s.
@faalaja126
2 жыл бұрын
@@al3ndlib medical student ?
@al3ndlib
2 жыл бұрын
@@faalaja126 no Art actually 😂😂
@i3zazy152
2 жыл бұрын
@@al3ndlib اسمه العندليب ..اكيد تخصصه بالفن
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
@MarcusFred-wn3iv
10 ай бұрын
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
@harrisonjamie794
10 ай бұрын
@@MarcusFred-wn3iv Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
@MarcusFred-wn3iv
10 ай бұрын
@@harrisonjamie794 Who’s the person guiding you
@harrisonjamie794
10 ай бұрын
@@MarcusFred-wn3iv credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up
@MarcusFred-wn3iv
10 ай бұрын
@@harrisonjamie794 sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with canning. I've just scheduled a call.
I just started watching David's interviews very recently...they are all top-notch! I just can't believe I didn't watch them earlier.
Saudi Arabia has spent on my education and living expenses about $500,000 when I was studying in the US, and it’s been doing the same for hundred of thousands of students yearly for the past 40 years. Saudi Arabia not only offer free college education inside and outside the country, they actually pay you to go to college! All of this done before even taxes were introduced back in 2018! Saudi Arabia although it’s been demonized everyday in the west, It’s the most educated and advance in the Middle East, as it’s with its Arab Gulf neighbors are ranked top 5 safest countries in the world. it’s also one of the most tech savvy nations where every service the government provides has its own app. Saudi tech Entrepreneurs are funded by the government with interest free loans which created a tech startup environment that is similar to the one in US back in the 90s.
@house684
2 жыл бұрын
They attack you exactly because you have so much potential (like they attack China and Russia). If you were starving of hunger, nobody in the West would criticize you. I hope Saudi starts making friends with countries like Turkey and Iran.
@HussainBafail
Жыл бұрын
الحمدلله
David never let me down, bring the best of the best on his show to challenge their conventional wisdom.
Mr. Yasir please Make Newcastle fans proud of the their club. The city and the fans deserve that.
@faisalalqhtani8891
2 жыл бұрын
He will
I am so proud of Mr.Yasser. The right person in the right place Great & Glory to Saudi Arabia 🇸🇦🇸🇦
@aliadam5826
2 жыл бұрын
المجد و العظمه لله وحده
@aziz_alrumayyan6712
2 жыл бұрын
He is honestly a great guy and i can personally vouch for him
That's a nice suit governor!
Great interview, glad to see new Saudi leaders.
@BrotherSantodes
3 жыл бұрын
How's Pocahontas doing?
I'm Nigerian, and it's always great to see people patriotic and passionate about the betterment of their country and its citizens. Hopefully, Nigerians can learn a thing or two about other world leaders
@ktx93
10 ай бұрын
I'm from Saudi arabia and our king vision is to make middle east and Africa the new Europe. I hope inshallah it's happen we have cultures they only have bars and clubs adulteres nationas the NATO
It's a big honour to work with Saudi Aramco .
The guy just oozes class!
@raymondifeanyichukwuokafor5427
Жыл бұрын
Do you get😩😩🤵
Love the diversity in the guests.
@kofig3724
3 жыл бұрын
Lol, that is a power punch there. It is like you didn't say. that silence is so loud
An outstanding leader with charisma Indeed, it is minds that manage, not just money Good luck to you and your team in your coming work
@geegee3826
2 жыл бұрын
What an outstanding individual, I was captivated by his answers and ecstatic that this guy is now chairman of my football club....Newcastle United. What an honour!
@bMedDeg
2 жыл бұрын
What a load of bs. Do you think we’re idiots? The guy and his boss both go do one. Money can’t buy morals, but it seems like it can buy people like you who are brainwashed and just follow like sheep.
@its_omarov
2 жыл бұрын
@@bMedDeg tf are you saying?
@geegee3826
2 жыл бұрын
@@bMedDeg I only have sexual relations with sheep...I don't follow them.
@Jackosaurus117
2 жыл бұрын
@@bMedDeg Nobody cares
I can see why Mr. Al-Rumayyan oversees the PIF - he is extremely well spoken and understands finance very well. The deal with the PGA will reap huge financial benefits for them downstream.
I beleive a lot of Geordies are here checking the new chairman if everything goes well. Congratulations if it goes through from a Canadian in Montréal rooting for Chelsea.
Great interview . He has an admirably astute character, and possesses an elegant smart direct answers. 🇸🇦
@12Hydrocarbon
2 жыл бұрын
People like this man will transform Saudi Arabia’s economy. Good choice MBS by selecting him.
@blessed7fold
11 ай бұрын
A stark difference from the embarrassing and stupid representation that we get of our country on a daily basis from the unelected president.
I am proud to belong to this great country 💚🇸🇦
@apple_cider1207
2 жыл бұрын
i bet you'd be more proud if you become like one of these guys. it's not enough to just belong. it's great to lead and set examples. all th best friend
@jasmineblack9778
2 жыл бұрын
@@apple_cider1207 i hope Saudi Arabia win the next World Cup
@kyunbhai49
Жыл бұрын
@@jasmineblack9778 haha.. They are already winners of the World Cup of cowardice.
@Lll14423
Жыл бұрын
@@kyunbhai49 We are your masters. Read the history of the Arabian Peninsula, you son of a bitch
@FAISAL_Elharbi
11 ай бұрын
@@kyunbhai49 2023 and people like u still exist ? pathetic
Welcome to Newcastle!
Very smart man, understand why he has that position
@muskntesla3493
4 жыл бұрын
Absolutely true!!!He is a smart person!
@user-bg5ww8zm8w
3 жыл бұрын
What makes you guys assume that he’s smart. I would like to understand the heuristics underpinning your claim?
@chocolateloverdude
3 жыл бұрын
@Noof M. I do like him
@goldenbeardofficial8541
3 жыл бұрын
unlike you, you don't understand where you came from and where you're going
@AbdallaElmedny
3 жыл бұрын
Very well spoken!
Magnificent interview.
HOWAY THE LADS!!!!!!!! 🇸🇦
Great Interview, Great Mind & Great Content!
Really elegant and intellectual a personality from Arabic descent we are proud for you and for your representation of all Arabic countries, a good luck Mrs Yassir for your a big challenge 🙏 congratulations from Morocco
@prajullas
Жыл бұрын
"good luck Mrs Yassir"? What is wrong with you.
Excellent interview by HE
David Letterman David rubenstien Always enjoy their interviews 😅🤭
What a personality!! Commendable
Great man, excellent interview
This man is officially now the owner of NUFC
@saudidark
2 жыл бұрын
@@Diana_L4rasati PIF is the owner
@hereiam9489
2 жыл бұрын
@@Diana_L4rasati Yassir alrumayyan is the governor of the PIF fool
great interview and stellar guest.
The savior of Newcastle United!!
David thank you for giving us an insight into what make men great. You are never too old to learn.
Yasir comes across extremely well.
Extremely well sort out interview, Yasir sir is amazing 👍
Great to have the pif as part of the Newcastle United family 🖤⚪🖤⚪
Finally some diversity on Dave's show.
@muskntesla3493
4 жыл бұрын
Agree!!!But David is always great!!
@jonathanfeingold236
4 жыл бұрын
I met david at Davos and forgot to ask for more diverse interviews.
So happy and proud this Gentleman is now the Chairman of Newcastle United
Proud be Saudi citizen and have such a great man like him 👏
Great interview ....yasir is so cool and always smiling....
I’m so proud to be Saudi and I look forward to work with Yasser
Brilliant speaker and a clear vision
That suit is clean asf.
My gratitude and praise to this team of gurus por bringing my life back on track when I thought everything was gone! but with the help guidelines I was able to realized that the secret to making a million is saving for a better investment
@doriradden483
9 ай бұрын
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
@nobleclinton8305
9 ай бұрын
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
@nobleclinton8305
9 ай бұрын
Im a living testimony of expert partricia Strain , she has been trading for me for months now
@rushenstarnglen4100
9 ай бұрын
Patricia strain has aided so many newbies. I made over $54k with some amazing gains in the market, her pattern are very lucrative
@jamesshaver2247
9 ай бұрын
Am still shocked and surprised how made 3 fold gain copying Patricia's trade for just 3days
A professional interviewer and an interesting guest ..
Congratulations Newcastle fans
We Saudis are very proud of him
This proves how the crown Prince MBS has an outstanding vision and with God’s help he will achieve his goals, the crown Prince MBS with his ambitions is what the kingdom of Saudi Arabia needs to achieve the deserved respect for an amazing country
8:33 OMG 🤯, He enjoyed Uber service once, then he bought 5% of Uber Inc. for $3.5 Billion in 2015. Now it worths $20B- $25B. Hey NUFC fans, you club is with a bloody tough guy. 😅
@mfmahmoo
4 жыл бұрын
You seem to have a very tenuous grasp of math. That stake never went above a few % points, and has represented a small to moderate loss ever since
@user-sk9hi1oy7g
4 жыл бұрын
he just manager
@hakshustletv
3 жыл бұрын
mfmahmoo As of right now he seems to be right on the money, I think it was a longer term play, did he overpay? Perhaps as it would’ve been nicer for him to get in at a better entry point but it’s beginning to even out & at this rate it may not be long before it begins to turn a nice profit minus the pandemic. At a $70B valuation on paper is about where they’d break even, I think it surpassed that sometime last year, of course market cap is different but valuation wise I think they have it at around 80-100B right now so his investment is somewhat profitable or break-even at the bare minimum on average. I figure market cap is around 60B, a sensible valuation is around 82B, call it 80, find the middle ground of 70 and at 3.5B for 5% if my maths isn’t a little off that’s about break-even.
@mfmahmoo
3 жыл бұрын
Haks Hustle they bought it at a valuation of 62b. Current market cap is 60b (most accurate valuation since it’s listed). A considerable loss considering inflation/ opportunity cost. Although I must admit they could have invested in wework and gotten wrecked.
@mfmahmoo
3 жыл бұрын
Also uber is not a good long term play in my opinion. I think most loss-making growth businesses with no clear toad to profitability such as uber, food delivery, etc are short term play where VCs want to cash out post IPO. I don’t want to be sicker holding on to such a stock post IPO. Who’s going to bankroll further losses? Lines of credit? Additional stock issuances diluting my stake?
Damn newcastle are in for a fun time
Proud to be a Saudi ❤️ Proud of you Mr. Yasser graduated from King Faisal University where I did study my undergraduate and lecturing ☺️
Great Conversation
All the best ❤️🇸🇦
Amazing person , I like Saudis and I hope to work with them one day. Very beautiful Nation and truly graceful and blessed with generous caring Government. We could do with their support here in UK. InshaAllah will join them to work with soon.
Pif ......love them....Europe can learn a lot from them. 🇸🇦🇸🇦💰💰
Awesome interview
He knows what he does 👍
Great to see one of the saudi leaders. ♥️ شيء جميل نشاهد واحد من المؤثرين في مجتمعنا السعودي في برنامج ديفيد.
Well said, They are working hard 👍🏻
I love Saudi Arabia like the way should be
@tbd1613
4 жыл бұрын
You are an idiot.
@fayezm3148
4 жыл бұрын
@@tbd1613 why ?
@sosmush8319
3 жыл бұрын
george varughese hey george .. u belong to 1800 c
@theunknownguy265
3 жыл бұрын
Thanks
@theunknownguy265
3 жыл бұрын
@@tbd1613 no u
As an Iranian, despite our historical rivalry with them, I salute the Saudi for their move toward modernization
@NadDew
Жыл бұрын
as a Saudi I wish the same for you, getting rid of old thinking is our only way to find peace with each other.
@thearabianwolf3996
Жыл бұрын
As an Arab myself I call both of you to peace My Persian brother and my Arab brother let we put down the political issues aside and find out the common ground to start with Salam
@nsd861
Жыл бұрын
@@thearabianwolf3996 I call all of you to return to Islam, you guys are Just bunch of fools who want to please the west...Your destruction has started may god destroy you all
@thearabianwolf3996
Жыл бұрын
@@nsd861 I call you to understand your faith first and don’t swear or call your brothers fools I know Islam more than you do. I have been praying and fasting since I was 10 years till now never left one pray in my life or broke any of fast during Ramadan so if you think you know Islam better then me Bring my yourself and let we debate here let’s see who will prove the other guy a real muslim!
@nsd861
Жыл бұрын
@@thearabianwolf3996 we don't celebrate Halloween like you do
These interviews are just one softball after another
Really appreciate David's simple, straightforward and clear questions - helps to make for a really compelling interview
What an intelligent, decent, approachable man ✔️
@conleytoby1547
4 жыл бұрын
Are you Saudi?
@laylaalsaeed1264
4 жыл бұрын
conley toby yes
@EnkiduSA17
2 жыл бұрын
@@conleytoby1547 judging by the name probably yes Saudi girl
@prometheus6853
2 жыл бұрын
Do you like Saudi?
@laylaalsaeed1264
9 ай бұрын
@@prometheus6853 just saw your question after a whole year! YES I LOVE MY COUNTRY SO MUCH ❤
Immersive learning
What he is being doing is incredible.. running such huge organization & making such massive profit & investment. Saudi Arabia is lucky to have a god father like Yasser 👍🏼👏🏼
Mansha Allah he is humble person
this is geat. thank you...
Pleased to meet you Mr Chairman...! TOON TOON!!
PIF are great people.They need to buy NUFC,there is now a bond between Geordies & Saudis
@zs9640
2 жыл бұрын
brrrrrrrr bow bow bow
@likemike6107
2 жыл бұрын
Ignore the haters
@jasmineblack9778
2 жыл бұрын
@@likemike6107 i will Mike x
@jasmineblack9778
2 жыл бұрын
Thank you for buying NUFC,Yasir Al-Rumayyan I LOVE YOU XXXXXXX
Temporarily waive/forgive (NOT just defer) rent for tenants and mortgage payments until people can safely return to work. Periodically, you have to let the land lie fallow in order for it to become replenished with fertilizers. This solution doesn’t even require us to collect or dish out more money. (The government could offer tax credits or refund payments to landlords for repairs, upkeep and employees. Property taxes could be waived. Banks would be bailed out, if they needed it). Moving forward, this should be just part of the cost for doing business as a landlord or lender. Fortunately, times like these are not common. But when they do come, the landlords and lenders should help bear some of the burden. Until the vaccine is developed, 2020 needs to become a Jubilee-type year.
I very proud of my homeland successful individuals, He is such an inspiration for me🤍🇸🇦🇸🇦
@theunknownguy265
3 жыл бұрын
True alhamdulillah 🇸🇦💪💪
Very informative analysis of the current economic climate and how to come out ahead.
ما شاء الله تبارك الله كاريزما مميزة
@A12Diary
4 жыл бұрын
لك في الاقتصاد و المال؟
مين من السعودية هنا ؟
@kamm3758
4 жыл бұрын
ÁßĎÚĹŔĤMÁŃ رأيك ؟
@theunknownguy265
3 жыл бұрын
انا
"You're going to turn the fund into a 1 trillion dollar?" "No, TWO trillion" Only Yassir can say these words!
He got CLASS!
perhaps we should recognize that to create the political is to embody the permanent tension between the institutionalization of freedom and the philosophical interrogation. To the extent that we are free to think then we can switch to a broader examination of the process of thinking itself. We can, therefore, speak of freedom as philosophy’s non-identical twin in the project of questioning and challenging the thinkable and practiced reality. To posit philosophy as a finished and exhaustive knowledge would be as if we defined and practiced freedom as the repetition of the same. The theological covering up of the philosophical interrogation goes hand in hand with the loss of the creative and revolutionary nature of freedom. To be sure, an individual who has already entered the philosophical questioning cannot avoid the explicit and free interrogation of positing other modes of thinking and other forms of the thinkable. It is fascinating to note that the philosophical questioning is a mode of thinking that can create cracks in the surrounding walls of the instituted thought. Philosophy as critical interrogation, therefore, takes place in the gap between free instituting thought and instituted thought. It is here that we might begin to understand why philosophy is the ongoing task of bringing freedom into political life as a lived corrective to the theological.
Saudi government is preparing for the future while other countries still live in 1990.
@ALshehri404
4 жыл бұрын
muhab mohammed No I don’t think so, I think we were in 1990 and just now we are running up to be in 2020.
@daggerfern
2 жыл бұрын
Saudi are still waiting for the bus to 21st century from the 7th century tribalism.
@shougm.4159
2 жыл бұрын
@@daggerfern u didn't even reach 7th C.. come join the rest of the world out of the dark ages u are living in.. KSA just bought NUFC buawhahahahahahah
david rubinstein looks like he's super sleepy and struggling to stay awake. must be the jet lag of flying to saudi arabia hahaha
I came back to see the suit you guys r talking about.
Welcome to the Toon
That's a 300k suit for sure ✌🏼
@ricardomoran1542
2 жыл бұрын
Goodness me
I like your comments on financial risk management, very practical. These strategies are very important to protect investment money, thanks for sharing!"
Love these interviews, keep them coming!
how can we contact to this fund??What a intelligent person.Respect him!!!!
Yasir accent is like music to my 👂!
Steve Bruce brought me here.
CONGRATULATIONS 👏 AND LOTS OF LOVE AND REGARDS FROM RAVINDER TALWAR
Understanding the background, progress and impact of events
شخصية ناجحة و متميزة الله يوفقه ان شاءالله و يكون عند حسن ظن القياده و الشعب السعودي ❤️🇸🇦
Our chairman at Newcastle United 🖤🤍
very proud 👍
As saudis we are very proud of our country
كفو يا أستاذ ياسر موفقين ان شاء الله
What is the name of the app
Anybody know what watch he's wearing, is it a Rolex Daytona?
@michaellutherdavies
4 жыл бұрын
White gold Daytona on rubber!
First!🧏 Great interview though, seems like a well informed guy. I just really hope the progressiveness he speaks about actually continues
@taofeeqtijani6364
4 жыл бұрын
@Tenac 300 😂 No. That's not what I mean. Progressiveness doesn't mean godless. It just means inclusion of everyone in societal and economic development