The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Kushner: Affinity Partners Raised $1.5B Extra and Extended Fund to 2029
“They all agreed, and so over the last year, we closed a billion and a half extra capital and extended the investment period of the fund to 2029.”
Kushner: Donald Trump is very accessible and pragmatic
“The thing about Trump that I think very few people took advantage of last time is that he's very accessible and very pragmatic.”
Kushner: Trump enters second term more popular than his first
“Now he's coming in much more popular than last time, way more accepted than last time.”
Kushner: Trump will do disruptive things globally and succeed
“He's a very big and out of the box thinker, and I think he's going to do some very disruptive things in the world. And look, some things may not go perfectly, but I think a lot of things will go very, very well.”
Kushner: Affinity Partners Staff Are Being Recruited into Government
“A lot of our good people are getting recruited into the government now”
Kushner: Brokering partnerships between LLM companies and Middle East investors
“One thing I've been able to do with a lot of these companies is help be a bridge for them to the Middle East and introduce them to the different Middle East investors, because For the first time, a lot of these companies have capex needs that they never had be…”
Kushner: Prison reform study shows recidivism dropped from 45% to ~12%
“There was just a study that came out on the program we put in place, which basically brings skills training, alcohol training, and allowing inmates to earn earlier release by taking these courses. What it did was, there was the people who got out who didn't us…”
Kushner: Mideast vision aimed to economically link Haifa to Muscat
“The vision we had was to integrate from the port of Haifa in Israel to Muscat in Oman, and to get one economic block where people can trade across, they can bring technology across, they can do investment across,”
Kushner: Social media became the assignment editor for reporters
“And I think the ecosystem was so negative that social media became like the assignment editors for a lot of these reporters over time. And I think that that's largely broken down.”
Kushner: Trump administration completed $500 billion in Saudi arms and investment deals
“Investments did over five hundred billion dollars of investments in arms sales with Saudi Arabia that created a lot of us jobs.”
Kushner: Past 75 years of Western Middle East solutions were nonsensical
“The solutions that they've proposed for the last 75 years have all been just nonsensical, and they, they've more often than not perpetuated the problem”
Kushner: Republican Party is plagued by internal infighting and purity tests
“What I found in the Republican party was that there was a ton of infighting and finger pointing and purity tests.”
Kushner: Trump administration got 95% of TPP's market access via bilateral deals
“Well, we ended up negotiating with Japan and Korea and everyone, and we got basically 95% of the market access that was in TPP without giving up any of the things that would have absolutely decimated our auto industry.”
Kushner: Older office buildings are trading below land value
“I think the office space right now is in for a massive change in the industry. I think you're going to see a lot of the older buildings get get transitioned. A lot of them are trading now for below land price, which is pretty remarkable.”
Kushner: Claiming economic growth solves federal debt is a political cop-out
“Growth is the answer everyone always gets. That's the political cop-out answer is growth.”
Kushner: Russia-Ukraine war has reached a point where little will change militarily
“It does seem like it's kind of reached the point where it's not much is going to change militarily.”
Kushner: Public-private partnerships need expertise, project management, capital, and local navigation.
“Government at their best can set the right policy. And if you have great leaders who can do that, you still need the private sector to come and be your partner in order to bring expertise, technical expertise. You need them to bring project management capabili…”
Kushner: 666 Fifth Avenue was the highest-priced single asset in US history
“The building we bought was for 1.8 billion dollars, which at the time was the largest price ever paid for a single asset in the country.”
Kushner: Persuading stronger counterparties requires appealing to self-interest, not sympathy
“How could I convince somebody who has more leverage across the table to do something That I want to do, and it was really by catering to their interests more than their sympathy or their fears. I had to find ways to make it worth their while to try to get them…”
Kushner: Squeezing contractors too hard on price makes them prioritize your job last
“So if you negotiate with this guy too hard and you make too good of a deal, he's going to prioritize your job last. So you don't want to get the best deal. You want to have the best person doing the work for you, and you want to pay them a fair price. You don'…”
Kushner: Buyers should simplify negotiations rather than fight over contract minutiae
“And if you wanted to buy, make it as easy as possible for the seller to sell it to you. Don't let your lawyers overcomplicate it or jam them up with a lot of minutia that doesn't really matter.”
Kushner: ISIS Caliphate Was the Size of Ohio, Governing 8M People
“And ISIS was roaming around and had a caliphate the size of Ohio. Where they were governing over eight million people pretty ruthlessly.”
Kushner: Arab Spring Forced Middle Eastern Leaders Toward Economic Focus
“So if you think about the Arab Spring, that was really, I think in some ways a turning point where leaders realized that if they're not giving their people hope and opportunity, they needed to break out and they needed to get them focused on economics instead …”
Kushner: Politicians resist change because status quos offer predictable survival
“Most people in politics are very comfortable with their status quo, and they could tell you everything that's wrong with it, but there's risk to moving, because if they change the status quo, then what it does is it creates uncertainty, and they know how they …”
Kushner: Shifting long-held policy requires surprise and strength
“If your policy has been one thing for such a long time, and then you're going to change that policy, you want to do it with an element of surprise and you want to do it from a position of strength.”
Kushner: I was tasked with building the border wall in Trump's first term
“One of the jobs I got was to build the wall and work on figuring out how to secure the border”
Kushner: Capital Spent on Warfare Should Be Reallocated to Enterprise
“Again, these wars, the investments in bullets and bombs really don't benefit the citizens. I think a lot of these wars are negative in that regard. Whereas if we can redirect those funds and those intentions and these young boys I see fighting in these wars, l…”
Kushner: Trump believes American industry outcompetes the world on a level field
“Ultimately what I believe President Trump wants is he just wants a level playing field. And he says, as long as we're all competing on the same principles, Then he has a lot of faith in American industry to be able to outcompete the rest of the world and to do…”
Kushner: Business press inaccuracies create underappreciated investment opportunities
“I felt like that should probably be the same in the business press. So if you go out and you meet with people and you understand what they're working on, you could find some opportunities that are underappreciated.”
Kushner: Affinity's Best Investments Were Growing, Cash-Flow-Negative Companies
“We found some amazing companies that were technically cash flow negative, but were growing tremendously, and we thought that with our investments, we could help them turn into profitable companies, and those were some of our best investments that we've made in…”
Kushner: Kevin Hassett to become Trump's national economic advisor
“Kevin Hassett, who's on our team, is now going to become the national economic advisor for president Trump.”
Kushner: Affinity and Mubadala acquired Burger King, Popeyes, Subway, and Starbucks in Brazil
“We bought, in partnership with Mubatala, all of the Burger Kings and Popeyes there, and then, since then, we've bought out of bankruptcy the Subway, and we've bought the Starbucks out of bankruptcy as well.”
Kushner: Affinity acquired Brazilian restaurant business at just over 5x cash flow
“We bought just over five times cash flow.”
Kushner: AI is much more investable today than a year ago
“The way we're thinking about AI today is much different than how we were thinking about it a year ago. We thought it was a big opportunity a year ago, but it wasn't as investable necessarily as it is today.”
Kushner: Affinity Partners' job is making three good decisions per year
“And then the more we've gone, the more we basically say, like, our job is to make three good decisions a year. It's basically to, you do a lot of meetings, you travel to a lot of places, you analyze a lot of things, you look at trends, you read a lot, you meet…”
Kushner advocates a 'reverse vacuum' strategy for private equity sourcing
“That's kind of how I think about it is you almost want to create the reverse vacuum where you explain to people What you do, what you are, what you're looking for, what value you could add, why it's in their benefit to be working with you, and it took us a whi…”
Kushner: Complex problem-solving is constrained by imagination, money, and gravity
“And I always say that when you have a problem, like, the basic three constraints are number one, imagination, number two, money, and number three, gravity.”
Kushner: Federal Team Dispatched Military C-17s to Retrieve Italian COVID Swabs
“And so we ended up finding more Q-tips in a factory in Italy, and we sent some C-seventeens from the military to pick them up before anyone noticed they were there.”
Kushner: Moncef Slaoui Had Created More Vaccines Than Anyone Alive
“And he'd created more vaccines than anyone alive, so I said, okay, well, you've got the job, and so we put him in charge”
Kushner: White House service required 33 testimony hours and millions in legal fees
“For my service in government, which I volunteered for, I didn't take a salary, paid for my own healthcare, I've now done 33 hours of testimony between the House, the Senate, special counsel, grand jury, and I've paid for all my legal fees myself, which is in t…”
Kushner: Affinity's investment with Brad Jacobs is up 70-80% in under a year
“70 or 80% in less than a year, but I'll be honest, working with Brad, I think there's a lot that we can complement what he does, but I'm learning a tremendous amount from him.”
Kushner: A United GCC Will Propel the Middle East to Century-High Prosperity
“That core engine that President Trump really helped bring about in the GCC, now that it's all united and they're working in the same direction towards stability and economic opportunity, that to me is gonna be a battery that could help that whole region get to…”
Kushner: Middle Eastern Leaders Will Have Growing Impact on Global Diplomacy
“These leaders are becoming more and more seasoned, and they understand the flows of the world, and I think they're going to have a Larger and larger impact in the diplomacy of the world and helping to shape outcomes”
Kushner: I Helped Open the Diplomatic Channel with North Korea
“And I was helpful to opening that channel with them during my time. I write about it in my book.”
Kushner: Affinity Partners Must Return All Fees with 8% Return Before Taking Profits
“They were saying, you're taking all these fees, but they don't realize that we have to pay back all of our fees with an eight percent interest before we get our profits.”
Kushner: General Catalyst seeded Thrive Capital with $1M after Josh declined job offer
“And what happened was is they said, can we give you a million dollars? To invest in companies that you're investing in with you. And so Josh said, I guess we have a fund now.”