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