Bloomberg Wealth: Divesh Makan

ICONIQ Founding Partner Divesh Makan runs one of the most prolific global investment firms that you've never heard of. He built his and his firm's name catering financial services to entrepreneurs, and now he says the ecosystem around artificial intelligence will be the next biggest thing he will see in his lifetime. Makan joins David Rubenstein this week on "Bloomberg Wealth." This interview was recorded April 11 in Palo Alto.

[@MNSTgrowth]

This guy is a pure salesman and never directly answers the questions.

[@pranavbala4922]

I was about to type this comment!

[@Dividendflywheel]

Listen to the advice he gave the manager of a sovereign wealth fund @ 16:20 “if I had $10 to invest….” I correlated what he said with what Kevin O’Leary (Mr Wonderful)is doing right now. Syndicating a data center… those who know what to listen to. Hear it loud and clear. Brookfield Corp (largest asset management company in Canada) is doing something very similar with their move into data centers and joint venture with Intel Corp. Data center plays @ 17:28. He lists 3 companies here @18:15. Best wishes

[@mattmannba]

Was literally about to say this. No substance in any response.

[@kaza818]

@@mattmannbalisten again

[@onedropontv8863]

These interviews are so powerful. Thank you David for doing these. You have no idea how much this helps.

[@bossbglobal]

Very inspiring story. This give me hope as a black South african to aim big.

[@achumangelanga6299]

I could tell that his accent was from here.

[@patricksibiya7861]

As a fellow black South African, I can say let's not completely fool ourselves. Things in this country are harder to do, South Africa is start up friendly.

[@jonrita2344]

hahahahahhahaahahha what?​@@patricksibiya7861

[@chaelelwakazika4217]

Always enjoy watching David Rubestein.Enjoyed this episode with Divesh Makan.

[@prakashnarismulu3332]

Fascinating story about a young man from South Africa 🇿🇦

[@WilliamLi-nd4lz]

Hes indian isnt he?

[@AkinyomiMike]

Such a great interview btw I am hearing of Iconix Capital for the first time.

[@golda3760]

Investment Strategy Highlights: Heavy investments in major players developing large language models (LLMs). Emphasis on proprietary data sets and semiconductor companies. Significant focus on data center infrastructure for stability. Cash reserves for seizing emerging AI opportunities.

[@Aarrenrhonda3]

As I read about someone who made $350k in six months, I realised that there are strategies to triple gains in this current market. It would be very helpful if you could create a video covering these strategies. Transfer of wealth typically occurs during market crashes, so the more stocks drop, the more I buy. In the interim, I'm just focused on making better investments and earning more as recession fear increases.

[@Peterl4290]

Gaining more financial independence is probably the result of knowing how to handle personal finances and invest. People who are financially literate may make wise choices about how to invest, save, and spend their money. Alternatively, you can work with a financial advisor.

[@larrypaul-cw9nk]

Absolutely, especially in a market like this, financial consultants might make a big impact. Currently, stocks are somewhat volatile, but you should be okay if you do your arithmetic correctly. There are definitely wealth transfers occurring during this downturn if you know where to look, as Bloomberg and other finance media have reported on incidents of people making over $250,000 in a matter of weeks or months. From 2020 onwards, I have been employing an FA, and I have returned at least $560k in return, excluding capital gains.

[@sabastinenoah]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@larrypaul-cw9nk]

TERRI ANNETTE MOORE is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.

[@sabastinenoah]

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!

[@dng7470]

Great interview! Thank you David and Divesh

[@IsabellaLisa-vz3jz]

I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.

[@KcZyro]

You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

[@KbcFoundation-un3re]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@ChungLee-wi7bi]

I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@KbcFoundation-un3re]

*Whitney Kay Stacy*. look her up

[@ChungLee-wi7bi]

I will check her out right away. Thank you

[@thenewmoneyroad2800]

He is a very well spoken man. Smart too!

[@aiyenuroseun6225]

This was satisfying to watch

[@Oscarfreeman-cn9rc]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[@FaithAndrada-xo9ou]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.

[@VanessaWilliams-pu8vt]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.

[@BrewerVera]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@VanessaWilliams-pu8vt]

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, *Whitney Kay Stacy* turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

[@BrewerVera]

Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@greatmogul-zw1br]

I can tell by his accent he's a South African.

[@Dividendflywheel]

$100k invested in the S&P 500 (@10% per year) in 10 years = $259k in 20 years = $672k in 30 years =$1.7million

[@evelynramos445]

What is the name pinewood

[@pranavbala4922]

David must carefully select the speakers. Great operators, investors, and CEOs don't always narrate their journeys effectively, and in interviews, we're more interested in storytelling than sales pitches. With due respect to the interviewee, I found most of this video quite boring. The responses lacked straightforwardness and simple explanations, often becoming unnecessarily complex.

[@lakshmiprabhakarkoppolu9100]

🎉

[@evelynramos445]

There a bank for philanthropy

[@lightyagami6362]

Build your expertise slowly and become great at what your doing. By being a great expert ypu instantly are able to add value to other and you can ride that value creation ability. Every billionaire or millionaire gets there by creating insane value for society. Thats the way to become a billionaire or extremely wealthy.

[@tomc3130]

Too diplomatic

[@blessedspear2642]

This sounds like an ad

[@SwampDL]

You sound jealous.

[@MNSTgrowth]

@@SwampDLhe speaks facts. Dude is just selling his firm.

[@AG-hl1ni]

Palantir Technologies is that AI play

[@mattearley6188]

One of the most boring interviews ever. 😵

[@Dividendflywheel]

This is the BIGGEST CLUE @7:38 for average investor’s. Data centers. Don’t sleep on it. He makes 20% plus for his clients @ 8:41 Best wishes.

[@zephyrvinay]

What are the three companies he menions he invested in

[@ThinAirElon]

pinecone, Glean ai, writer ai

[@asifhussain7521]

Learned nothing, gained nothing. I real advise. Save your time and watch something else

[@Dividendflywheel]

May I suggest Don’t give up. Wealthy families have trusted him with $80 billion. What do those families know that you don’t know? The families that have trusted him have $250 million liquidity @ 6:55, and $1 billion networth. • Average annual return is north of 10%. His return @7:19 • He had the foresight to go into data centers ahead of the crowd. This is YOUR MOST ACTIONABLE INSIGHT. Identify publicly traded data center stocks 😊 • Their illiquid investments earn over 20%

[@02nupe]

I learning something, gained something. For everyone else, take what YOU can from it and apply it the rest disregard. #DataCenters