What can owning a sports team teach leaders about building enduring value' In this HBR Executive Live conversation, editor at large Adi Ignatius speaks to David M. Rubenstein, cofounder of the Carlyle Group and owner of the Baltimore Orioles. Rubestein has spent decades studying how the world's most successful professional sports franchises create value, navigate uncertainty, and make decisions when the stakes are high. The two discuss how to manage a complex financial playbook in the quest to achieve short- and long-term success; how to build'and protect'a powerful brand and a deeply invested community; and how to make decisions when performance is visible to millions and the emotional stakes are unusually high.
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