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What does conviction-led investing look like when the responsibility spans decades, not quarters? Waleed Al Mokarrab Al Muhairi is Mubadala’s Deputy Group CEO and a key voice behind the institution’s long-term investment strategy. In today’s episode of The Exchange, he reflects on his journey alongside Mubadala’s evolution from its early foundations into a globally active investment institution. Waleed breaks down what conviction-led investing looks like in practice when responsibility spans decades, not quarters. He discusses how long-term purpose guides decision-making beyond short-term trends, why discipline and patience matter when deploying capital at scale, and how people, partnerships, and ideas act as Mubadala’s true capital multipliers — from Abu Dhabi to global markets. Episode Chapters: (00:00) Conviction-led investing (02:05) Long-term responsibility (05:10) Mubadala’s global evolution (09:30) Playing the long game (14:05) Discipline and patience at scale (18:40) Navigating market volatility (23:10) Partnerships and people (28:15) Leadership and trust (33:20) Building enduring institutions (38:40) Legacy and long-term impact Listen to the full episode here: Spotify: https://bit.ly/4sJ4TPB Apple Podcasts: https://bit.ly/4jGcslU Watch on YouTube: https://bit.ly/49A6zC9