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David Rubenstein in the trailer for "Bloomberg Wealth."

David Rubenstein — billionaire philanthropist, author, interviewer and co-founder of the Carlyle Group investment firm — told me this story ahead of tonight's launch of his new biweekly show, "Bloomberg Wealth":

Marc Andreessen, the now famous venture capitalist, visited Carlyle in the early '90s, seeking funding for something called Netscape.
When Andreessen explained that his idea would help navigate the internet, Rubenstein replied: "What is the internet, and why would I want to navigate it? … We would never invest in something ridiculous like that."
Netscape sold to AOL in 1998 for $4.2 billion.

Rubenstein told me his half-hour show — premiering at 9 p.m. ET on Bloomberg Television — includes self-deprecating life lessons like that from him and his guests, some of the world's most successful investors.

  • He said his conversations on "Bloomberg Wealth with David Rubenstein" will show how people invested to become a world leader in a certain category, and how you and I can invest in that area.

Starting tonight with Blackstone president and COO Jonathan Gray, Rubenstein will interview the leaders in person, in their offices. He told me the interviews will be collected in a book planned for next year.

  • Future guests include JPMorgan Chase Asset & Wealth Management CEO Mary Callahan Erdoes, Columbia Investment Management Co. president and CEO Kim Lew and ... Marc Andreessen.

Watch the trailer.

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Go deeper

48 mins ago - World

Biden: U.S. combat mission in Iraq will end this year

Biden returning to the White House on July 25. Photo: Samuel Corum/Getty Images

The United States' combat mission against the Islamic State in Iraq will be completed "by the end of the year," President Biden said Monday prior to a meeting with Iraqi Prime Minister Mustafa al-Kadhimi.

Why it matters: Biden is close to shifting the U.S. military mission in Iraq to a fully advisory role more than 18 years after combat troops were sent to the country under the former President George W. Bush.

How extreme weather feeds inflation

Illustration: Annelise Capossela/Axios

This summer's extreme weather is having ripple effects that could raise food prices in the U.S. and disrupt diets around the world.

Why it matters: Climate scientists and food supply experts, like those at the Food and Agriculture Organization (FAO) in Rome, have long warned about the impact of human-caused global warming on prices, food shortages and hunger.

EA Sports is in expansion mode

EA Sports general manager Daryl Holt (left). Photo illustration: Annelise Capossela/Axios. Photos: EA Sports

The biggest player in sports video games has plans to get even bigger — on mobile, in football, maybe even with basketball again — EA Sports general manager Daryl Holt said in an exclusive interview with Axios.

Why it matters: Sports gaming doesn’t get much press, but it’s a surging market with increased competition and lots of players up for grabs.