moonshots ep28 scaramucci state of america transcript

Anthony you there I am here Dr dandis how are you and happy happy birthday to your mom thank you thank you yeah it was so funny I was on CNBC yesterday I guess you saw the segment at at the end I said hey Kelly one sec my mom’s watching got to wish her a happy birthday and the other the other guy who was uh uh on the show with me said well it’s my dad’s birthday today so both of us were on the on the show it was very sweet it’s very nice here and God bless I’m a good Greek boy thank you for having yeah of course so you know something most people don’t know is we grew up uh really close together we’re both W Island Boys um you were in Port tson and I was in Great Neck that is a fact we also I think people probably do know this about us that we were on the same basketball team given the fact we’re both below five feet so we were we were on the basketball team we were on the vertically challenged basketball team growing up but uh you were a great out you had a great outside shot so we always beat the taller guys didn’t we beat yeah we we did you know I used to

[00:01:00] tell people my chances of becoming an astronaut were better than my chan of becoming an NBA All-Star um but you know I’m not only vertically challenged at at 54 but I’m also challenged from a point of view of sports and anything that’s you know socially acceptable these days but that’s a different story well I’m sure your mom told you that good things come in small packages I was I was told that every single day as I was you know trying to get my posture up to gain a quarter of an inch you know uh in all seriousness uh there is a direct correlation inverse correlation between longevity and height the taller you are the you know the the shorter your lifespan so you and I have a real Advantage there for sure all right well don’t tell Dwight Howard that he’s become a new friend of mine we did the Special Forces show together for Fox and he’s he’s a solid 7 foot one and I have to tell you he’s body has he has no body fat but I have read those studies well you should get to know him quick while he still around uh anyway um

[00:02:00] so buddy it’s been uh it’s been an incredible journey and I’ve enjoying our our friendship I mean I can’t turn left writer Center without seeing you on on Twitter or on the news um are you having fun yeah but I mean apparently I’m like the most important asset manager in the world because they write about me every week you know as you know I’m running about three billion dollars but they make it like we’re running three trillion or something like that I gu well you know I don’t know I it’s it’s a I’m I’m saying that obviously with great irony but truth be told we got into uh a couple of bad situations last year um one was you know we’re into growth in Bitcoin digital assets as you know that was a rough year down 60% across the board uh our core fund was down 38 because of that and then of course I sold a piece of my business to S bankman freed who became you know arguably the largest fraud in the space and there were several other FL frauds in the

[00:03:02] space last year that he was competing with so so it was a double kick if you will go up from here buddy all up from here well amen I mean listen I think you and I know that because of our three decades plus of being in business there are trials and tribulations and uh it’s like what Churchill once said when you’re in the middle of Hell keep going when you’re going through hell keep going you know you got to you got to get to the other side of things and so we will then of course we’re off to a very strong start this year I don’t know if that’s a bull trap it could be a you know a bare Market uh trap making you think it’s a bull market or we really could be on the start of something that’s more robust than that if you follow the stock trading Almanac uh and you listen to the hirs family who’s been writing that almanac for 50 years uh this being the best January the best four or five week start in a long period of time is usually a good sign for the year it’s really tough you know reading

[00:04:00] Ray doio out there and reading many others were like you know the end is coming you know money is you know going to become this intermediated as We Know It uh it’s really tough but the important thing is you got to be looking at the long-term trends and for the last 150 years and specifically over the last 40 years we’ve had this incredible uh growth in abundance right the amount of time you have to work in order to earn any commodity Goods or service has dropped 72% and the last 40 years and it’s driven by technology it’s not politics it’s not human intelligence and as long as we have this Innovation engine we’re going to be creating greater and greater abundance on this planet and you know it’s not for the faint of heart to stick it out in the in terms of days weeks and months you need to have a a 10-year Journey here at least well I I mean there’s so many different reasons why I love you but one of the main reasons is you are the anti- Thomas Mal you are the anti- malthusian and so so what happens is people think

[00:05:01] linearly we’re we’re we’re encapsulated in this 100,000 year old piece of Machinery known as the human body it hasn’t had a software upgrade for 100,000 years yet you’re watching our phone go from iPhone 1 to iPhone 14 and 15 years and so we’re trained to think linearly it’s part of our survival mechanisms but as you point out in your bestselling books the world is growing exponentially and so malus got it wrong he said we were going to starve the population was going to outpace our ability to produce food uh but he left out all the great technology turns out we have more people dying from obesity related illnesses yeah than food um you’re old enough and I’m old enough to remember peak oil I remember that yeah I was sitting in a class in 1985 my economics professor told me we were running out of oil I said okay sir when is that he said well that’ll be 2010 oil will be $2,000 a pound I said oh wow this is going to be an apocalypse we’re

[00:06:00] running out of oil he left out fracking he left out the Redd drilling of Wells the vertical uh nature of mining now uh some of these natural resources and so so what ends up happening is people the doomsayers the apocalyptic people get things wrong but I want to ask you a question if you don’t mind I know it’s your PO man it’s ours I want to ask you a question 2023 yes I want to take you back a hundred years to 1923 and I’m going to give you $150,000 I’m a wealthy man which is 100 yes you’re very wealthy man so that’s equivalent to almost $12 million of purchasing power today if you do the inflation adjustment or you can live then with $150,000 or you can live today with $150,000 of 2023 uh but you’re living today in this this Society versus the society from 100

[00:07:01] years ago which one you 100% today not even by a little bit right okay so say say why for people that are listening in so provide them in as to why so here’s the reality and I actually did this work I I’ve run my abundant 360 program uh for CEOs and every year in this in this program in March and I need to get you to come out and be with me on stage for one of these sessions buddy I know the salt events you have are epic every year I I talk I talk about what’s occurred in last year what breakthroughs and it’s extraordinary breakthroughs in the last 12 months I look back 100 years ago and I say okay what were the breakthroughs 100 years ago what was the rate of innovation and it’s pretty easy to go and look at the headlines and the patent fil and so forth so I only have it for 2023 yet but for 20 1922 there were seven breakthroughs wonder who what they were I mean like like for the entire year uh first of all vomite was created in Australia uh insulin was used for the first time the uh the retractable hardtop for a car was

[00:08:04] invented uh the water ski which was two boards and a rope was invented um and uh there was a couple of others but that was for the entire year and today we demonetized and democratized so much right we don’t we don’t realize that on our cell phones we have what equivalent to millions of dollars of free stuff that we would have had to paid millions of dollars just 30 years years ago and we’re all living like kings you could have never purchased the luxurious life that the average person has today infinite access to entertainment education you know music it’s amazing so why do people so so back to you anthy why are people so dystopian you know I have one I have one group that I blame uh I’ll see if you have the same one but why are people so bummed out about about life I mean too many people are depressed so there’s a there’s a couple of there’s a couple of answers to that

[00:09:01] and uh I’m going to give my answer and then two people that respect a lot although I don’t always dis always agree with So my answer is we are living with more abundance but we’re also living with a uh a feeling of Doom because the world order has been shaken and so if I take you back 50 years ago we had a cold war going on you know at Le at least in our minds us good Russia bad there were protocols in place that were keeping a cold peace okay we got through the Missile Crisis there was a nuclear Test Ban Treaty uh Nixon was going to China he was meeting with bref and there was a cold piece and the people that we were fighting had Uniforms on and there was some kind of order at least so we thought it was good and bad it was clear yes exactly you fast forward we’re in Guerilla Warfare we’re in uh an

[00:10:03] age of terrorism and we’re in an age where personal safety at least for Americans rightly or wrongly even though the incidence of a terrorist attack is quite low but because we went from zero to some Terror attacks uh we have some personal safety issues we’ve decided rightly or wrongly and again I’m just being observational we don’t have to make this political but we’ve decided rightly or wrongly that we’re going to job certain policies that are going to allow for petty crimes to exist in our in our cities and you know from the Broken Window Theory as it relates to Crime Theory uh you clean up the broken windows and the petty crimes people feel safer they don’t feel safe we in these inner cities now we can go across the country and even though Peter some could make the case that crime is down or murder rates are down there is a feeling of unsafety so those are my opinions all right let me give you you go let give you one second I mean you’re dead I put

[00:11:01] the blame squarely on two things one our the way our brains are wired and the second is the news media right uh our brains are wired to pay 10 times more attention to negative news and positive news uh news media has one business model deliver your eyeballs to their advertisers and because we paid 10 times more attention to negative news and positive news you are constantly being fed every murder on the planet over and over and over again in your living room yes and we’re you know our brains are neural Nets our brains are wired by the information we bring in what’s on your walls who you talk to what you see and if you’re constantly being bombarded by negative news from on every source of of news media you’re going to think the world’s going to hell in the hand basket and you’re running for cover uh right and but you ignore all the incredible breakthroughs going on all the time it’s extraordinary but we just don’t hear about it this episode is brought to you by levels one of the most important things that I do to try and maintain my

[00:12:01] Peak vitality and Longevity is to monitor my blood glucose more importantly the foods that I eat and how they Peak the glucose levels in my blood now glucose is the fuel that powers your brain it’s really important High prolonged levels of glucose which called hypoglycemia leads to everything from heart disease to alzheimer’s to sexual dysfunction to diabetes and it’s not good the challenge is all of us are different uh all of us respond to different foods in different ways like for me if I eat bananas it spikes my blood glucose if I eat grapes it doesn’t if I eat bread by itself I get this prolonged spike in my blood glucose levels but if I dip that bread in olive oil it blunts it and these are things that I’ve learned from wearing a continuous glucose monitor and using the levels app so levels is a company that helps you in analyzing what’s going on in your body it’s continuous monitoring 24/7 I wear it all the time really helps

[00:13:02] me to stay on top of the food I eat remain conscious of the food that I eat and to understand which foods affect me based upon my physiology and my genetics you know on this podcast I only recommend products and services that I use that I use not only for myself but my friends and my family that I think are high quality and safe and really impact a person’s life so check it out levels. link SL Peter give you two additional months of membership and it’s something that I think everyone should be doing eventually the stuff is going to be in your body on your body part of our future of medicine today it’s a product that I think uh I’m going to be using for the years ahead and hope you’ll consider as well well let me let me test something on you get your reaction okay so Charlie Munger who just turned 99 I don’t agree with him on his opinion on cryptocurrency but he said recently uh to your point in the last

[00:14:00] 100 years we’ve had a six times move in the standard of living so whoever was considered to be not wealthy or underprivileged 100 years ago is doing way better bying factor of six obviously the wealthy are doing better than that but but the point being is why are people dissatisfied he blames it on social media he blames it on the filter effect that we’re feeling in social media and the comparative analysis that people are making now to each other as they look over each other’s fence I agree with that and and they see greener grass uh on the other side of the fence not their side of the fence and so he says it’s related to the human feelings of uh comparison Envy Etc um I want to again if you don’t mind you agree with this let me let let me say one thing there and then come back to question which is I agree that people are comparing themselves to their neighbors in the moment not to what their life was like 10 years ago what

[00:15:01] their parents life was was you know 30 years ago because the trend is up and to the right but social media allows you to see everyone that you think is your peer group even if they are or not and you’re constantly comparing yourself and you forget of the incredible access to everything that we have and like your original question said what I rather have that money 100 years ago hell no um anyway your question please buddy yes so so this is related to this okay so I read Blake Crouch’s book yeah uh upgrade I don’t know if you know blade read it okay so it’s a great science fiction writer I’m not going to give away the whole plot but there’s a the idea of an upgrade there’s a mad scientist that’s working on upgrading a human’s capacity to learn it’s sort of a so actually I I did read the book yes genetically upgrading the human capacity sure yeah right so it’s it’s a

[00:16:01] biological plural link if you will not not not yeah it’s and but what he says in the book in the end I’m not giving up the book it’s a great story but what he says is we were designed to get to where we are by having empathy and relationships with about 200 people when you talk about that neural network of your brain we have the capacity to get in touch with and get close to about 200 people and that was sort of the Comm smaller it’s called dunbar’s number and the number is about 150 and it was based on again okay there you go neural engineering from the size of tribes which is why in military 150 people or I don’t don’t anything about the military services anywhere near what you do but the size of a uh what what’s 150 size in the military but yeah yeah it’s probably a brigade or B I’m not sure but but the point he’s making is that dumb Bar’s number is limiting us now because we’ve

[00:17:00] got 8 billion people and we have a trash issue a potential environmental issue and but yet we’re drinking our bottled water out of plastic and we’re throwing the plastic away with relative disregard because we’re not able to upgrade empathy into thinking yes we’re not able to upgrade Beyond dunbar’s number to think of the consequences multiplied by billion of these plastic bottles being thrown into the ocean there is another point there to make which is when you think about who your peer group is uh you it used to be your peer group was your neighbors the people that you ran into the street who Liv next door now your peer group on social media on your Facebook group or whatever are the Kardashians you tend to have those individuals that you follow consider part of your dunbar’s number you know and that’s where the this this equilibration you know whatever comes

[00:18:00] into effect that you’re comparing yourself to people that are not um have not typically been the people you compare yourself to and it it sets up uh for a a very difficult challenge let me switch our subject here to something that we might talk about in our um in our conversation with uh everyone on on Twitter which is coming up in a few minutes because when we’re getting ready for this uh uh we were talking about longevity so one of the big conversations I spend you all know um through your your son AJ who I love dearly who I’ve had a chance to Mentor we can talk about that too but I’m spending most of my time these days focused on how do you add 20 30 healthy years on a person’s life how do you make a 100 years 100 years old maybe 60 how do we uh really bust through the upper limits um how do you feel about that I mean you and I are about the same age you know do you feel like you’re have more energy and more excitement about life now or you ready to you know retire in five years no come on I’m

[00:19:03] get yeah come on I’m doing Special Forces I’m jumping out of helicopters with these 30-year-old olymp I’m ready I’m ready I’m ready to go but you know I’m a little different than you this way and I want to set the scenes for you I grew up in an accordion playing Sil cigarello smoking bot ball corded family that was crushing grapes in a bathtub they were slaughtering pigs and turning them into prute in the cellar salting them and drying them in the basement and so this was like this is in Washington this in poort Washington yeah my Uncle John’s house he was stepping on he was cutting the head off of eels on the morning of the 24th of December skinning them and frying them for The Seven Fishes okay so so we’re

[00:20:01] and and we are pasta lovers okay and and I’m telling you right now it’s your mother’s birthday and I guarantee that your mother thinks you’re too thin you’re not eating enough you’re getting thinner yeah because you’re into all of this like uh you know deprivation thinking like probably 47 different supplements and you got David Sinclair as your like spiritual gururu he’s now the new orthodox a Greek priest for your religion and like you know so we’re a little different that way though meaning like you know you’re going to probably live to be 300 okay so we’ll have to see what happens you know you gotta probably get get a new set of teeth and all kinds of stuff like that I’m not living at 300 because I’m eating the pasta you know like my relatives that still live in Italy half of my family still lives there when I go back and visit them once a year they tell me that I’m not Italian Peter and it hurts my feeling feelings and they remind me that I’m an American

[00:21:01] and I said well why do you say that to me it hurts my feelings said well you’re American you think you got to live forever okay you know you’ve got Peter the amandes and David Sinclair telling you not to eat the cookie and drop the pasta he said but we’re here in Italy we know we’re going to die okay so what we do is we have an extra piece of cheese we drink an extra jug of wine you know they end up having four Mistresses you know the whole thing right and so so for me you know I love you and you’re going to be like 300 years old which is good for me because my sons are close to you and they’ll always have you in their lives but I’m probably checking out a lot earlier than you I don’t want to be 150 years old because I think I’m going to look like you know what at 150 and you know I mean you know I’m living my life you get one great life if you’re lucky you and I have been very blessed with great lives we have you know but I mean well listen you know the good news is I’m Greek you’re excuse me did somebody pass me the cookies excuse

[00:22:00] me the theand is like eating weak rest did somebody pass me the I’m having the Mediterranean diet when is the last time she when is the last time you shot a Pez out of a Pez gun into your mouth sugar is a poison there’s no question sugar or C it’s a poison I got it but you can still enjoy life and I did have some red wine last night unb unbelievable having said on that there is question right there’s been a little Twitter debate going back and forth that I’ve jumped into with uh Sinclair and Elon which is you know should you have the right to live as long as you want and uh you know I think very much so that you should have the right if you can extend your life and this the conversation is happening seriously right now it used to be like this crazy idea you would lose all your funding research five years ago if you talking about the idea of age reversal but now epigeic reprogramming is a real thing we’re talking about can we at 10 20 30 years on your healthy life and

[00:23:00] then by the way science doesn’t stop during that 10 20 30 extra years it’s continuing and so the question is if you Anthony scaramucci beloved European brother of mine had the ability from some breakthrough that AJ funded or David created whatever it might be and get ready for a longevity ex prise I would say more than that but wouldn’t you want to add an extra 30 40 years I mean if you could have your current diet is that the only thing or are you getting bored with life no I love I no no no no no don’t misunderstand me I want to live I absolutely love life but I just wantan to I just want to point this out what where did Elon come out on this he wants to stay alive no no I had this conversation with him at at SpaceX eight years ago he said I don’t think people should live that long okay with on the basis that to die to make room for people to come I’m going to tell you I’m gonna tell you why I’m in his Camp okay I’m gonna tell that right no but

[00:24:02] let me just explain you why I’m in his Camp okay because because right now as we’re sitting here okay and without the longevity movement okay a 100 years from this moment okay very few people alive today will be here on Earth and a 100 years ago we’ve had almost 100% turnover let’s use 120 to make the example more Vivid 120 years from now assuming the longevity movement is not making people live to 200 but you get my point just in the current Medical Health where we are right now 120 from here today none of us will be here and there’ll be a whole new group of people here and 120 years prior to today there was a different set of people on this planet than today and I think that there’s something human about that and I think there’s

[00:25:01] something about the human condition that makes life for whatever reason richer or sweeter and you now I’m going to say something you’re really not going to like the super wealthy okay will have the capacity to do that right and the poor will likely not have the capacity to do that and there’s a little bit of a dystopian thing that happens when that happens and so you know as an example if I can live to 300 with my earnings capacity you know I’m going to be very wealthy just because of the laws of compounding Peter you know and a result of which there’ll be even greater concentrations of wealth in the society so so I hear you I absolutely love life don’t get me wrong I want to be a vampire and Live 5 10 15 centuries I’m totally into life but I’m talking about it from a literary perspective I’m talking about it let’s use the word the Greek word pathos let’s use the words

[00:26:04] that Sophocles would describe about being human the Frailty of Being Human the recognition that there’s impending death which increases the intensity of your life decisions do you see what I’m saying okay I I I see what you’re saying I totally disagree okay go questions but I want ask me more cookies can someone this guy I mean this guy pass the olive oil this guy’s going to be this guy’s going to be 300 years old can you can you pass him some more n this guy Hey listen you’re paying attention at least your mother is telling you’re too thin eat mja you must you too fish so listen the average human lifespan used to be less than 30 years old right so by that same logic we should not be alive today at you know you at 58 59 me at 61 at the end of the day you know if we make it 12 I would love to be able to have this and

[00:27:00] the Technologies we’re talking about which are eventually going to actually make a dent in uh human lifespan uh this epigenetic reprogram in success it is going to be you know under a 100 bucks the uh we’re heading towards a period where we’re going to have a massive underpopulation of planet Earth right we’re going to Peak at 9 and a half 10 billion and then drop off another conversation for Twitter space is I’m going to say two things and invite everybody in here number one I’m going to make a a statement that maybe someone will pick up as a question I think anyone who wants to run for president shouldn’t be allowed to I think it should be a drafted position I’d love your thought on that um and number two question of on education what the hell should someone who’s in their 20s today be thinking about getting us an education does an NBA even matter anymore uh or should you go and be doing an apprentice rship uh and learning on the job those are two ideas I’d love to

[00:28:01] put out there at the ethos a brief note from our sponsors let’s talk about sleep sleep has become one of my number one longevity priorities in life you know getting eight deep uninterrupted hours of sleep is one of the most important things you can do to increase your vitality and energy and increase the health span that you have here on Earth you know when I was in medical school years ago I used to pride myself on how little sleep I could get you know you should be 5 5 and 1/2 hours today I pride myself on how much sleep I can get and I shoot for 8 hours every single night now usually I’m great at going to sleep if I’m exhausted you know worked a hard day I’m right out but if I’m having difficulty and it occurs I’m having insomnia or my mind’s overactive and I need help to get that 8 hours I turned to a supplement product by life force called Peak rest now Peak rest has been formulated with an extraordinary scientific depth and background includes everything from long lasting melatonin to magnesium I to L glycine to Rosemary

[00:29:00] extract just to name a few this product is about creating a sense of rest and really giving you the depth and length of sleep that you need for Recovery it’s a product I hope you’ll try it works for me and I’m sure it will work for you if you’re interested go to myli force.com back/ Peter uh to get a discount from life force on this product but you’ll also see a whole set of other longevity and vitality related supplements that I use we’ll talk about them some other time but in terms of sleep Peak rest is my go-to supplement hope you’ll enjoy it go to myif force.com Peter for your discount let’s talk about about this does an MBA degree have any real value instead of spending hundreds of thousands of dollars would you advise someone who’s looking to go into business to instead actually go into business so so the short answer is it’s conditional on the person’s circumstance um when you and I were kids I would have

[00:30:00] said that it was mandatory I don’t think as I don’t think it’s as mandatory today uh since you’re a surrogate father to my oldest son Alexander I am wel dly no known as AJ I know he worked for you for many years and you know he applied to and got accepted to Stanford Business School when he asked me about it I said you should do it the network effect of Stanford Business School and the Alumni Association and the brilliant people the men and women that you’re going to meet at Stanford not just your classmates but I’m talking about people trafficking through Stanford to speak uh the professors I think it’s worth it what I said to AJ at that time uh he was 25 or 26 I said join Stanford Business School you it’s almost like you’ll have some great flexibility in your mid 20s to do some really fun things that I don’t want you’re waiting to your mid 60s to do and

[00:31:00] so he made the decision to go I don’t think he’s on this Twitter spaces right now but if he was I think he would tell you that it was the right decision for him for for for the network right IE I know people I know other people that’s not the right decision um I you know you and I both know the computer entrepreneur brilliant incredibly generous man Michael Dell he dropped out of school I’ll just tell Theory quickly he’s a contemporary of ours right he’s 56 or 57 Michael Dell dropped out of school he told me this story he was one of the early investors in Skyridge help me get the firm started he told me this story uh that he was building computers in his dorm room yep he was buying wholesale parts and he figured out that he could build them themselves cheaper than what they were being sold to people and he convinced the his fellow students and the student body to buy the computers from him and he would service

[00:32:00] them for him um and he was not doing as well in his Premed curriculum his father who I believe was an eye doctor came to the University of Texas and said Michael you gotta stuff this out you got to be my son the doctor my son the doctor Michael turned to his dad said well Dad what if I could make $200,000 a year doing this and it’s father lit up he said well of course if you can make $200,000 a year doing this you should do this but you’re not going to make $200,000 a years doing this is your hobby and then Michael turned with that he said well it’s February I’ve already made more than $200,000 and and and the point being is that people either have it and they’re driving you know Bill Gates was that way Michael Dell was that way I’m sure we figure out you know other people that are that way you know my other son Anthony who I’m very proud of dropped

[00:33:00] out of school he’s produced 75 music videos has over a half a billion views and he’s now working on three different screenplays as he transitions from music to film and movie making and so I’m very proud of him that is a journey he’s taking without College not the say that he’s not taking courses in writing and editing and English and he’s not on Gana Academy learning and doing all different types of reading he’s still educating himself but he’s not educating himself in that formal structure that you and I were taught to educate ourselves so so to me I think it is situational and as a parent uh since you asked me the question I have great flexibility with my children I’m not the parent that says oh I’m disappointed in you you didn’t follow this to the tea of whatever it is and remember I will tell parents said listen you don’t want to be that douchy parent at the cocktail party bragging

[00:34:01] about your kids you want to be the parent where your kids know you’re their Advocate and you’re there to help them find the thing about their lives that they’re the most passionate about so that they never have to work a day in their life yes I agree by the way Focus so you know some people should go to school other people frankly should not yeah the the three things I want for my two love year olds is find their passion that will drive them because I found my passion was space it was Star Trek and Apollo and that got me going uh learn how to ask great questions and grit right and if you have those as engines you’ll you’ll succeed in life but what do you advising the 20-some year old would be entrepreneur uh to go towards anything in particular obviously whatever they’re passionate about but anything else so what would what would you tell the 20-year-old version of yourself today so what what I would tell the 20-year-old I got lucky because I ended up doing something that I really

[00:35:00] love but what I would tell the 20-year-old version of myself a Bitcoin Bitcoin well yeah but that wasn’t invested back then but I would I would say to my my 20-year-old self and this is something that Byron wean um Peter do you remember Byron we do you know he is he was strategist okay so he’s over 90 now he’s a brilliant man he was adopted was an orphan lived in Chicago went on to become a brill iant economic and stock market strategist for Morgan Stanley he’s now at a Meritus he’s in an a Meritus position at Blackstone uh I’ve known him for 30 years he was a a guest of mine on Wall Street week he said something to me that I’ll share with everybody which I believe is true there’s something that you did from the age of 12 to 19 maybe it was you uh pricking your finger and looking at blood cells under a microscope maybe it was me Hawking Long Island news news day to Italian Irish and Jewish women in the in the local

[00:36:02] Blue Collar apartment buildings but the point being there’s something that you were doing 12 to 19 figure out what that was yeah and do it and figure out what that was and stay on it because because what ends up happening that’s the true labor of love for you so he was a coin collector and he was a uh Baseball Card Collector and he transitioned all of that into analyzing security stock and bond Securities and then the overall macroeconomic Market he’s still working today Warren Buffett you want to talk about longevity he’s 91 or 92 I’d have to Google it on Wikipedia I think munger’s 99 uh people that love their work stay working and I think work gives them a level of Vitality so a Purpose Driven Life yeah 100% And I would say to the

[00:37:01] 20-year-old version of me what do you like toing well it turns out what I like doing is blabbing Peter I like blabbing okay and you do it so well brother yeah so I’m blabbing I’ve been blabbing you know since the age of 12 I’m now 59 I’m still blabbing um and it’s been very fun and the the great thing is because of my intellectual curiosity uh I’m on Wall Street which is basically a business where you get to learn about all different types of business including biotech computer technology uh nanotechnology uh insurance companies financial services companies right and you get a smattering of all these things and so I am forever energized by that and ever alive my son Anthony uh he has no interest in that but he could watch every one of Stanley Kubrick’s films and he could take notes

[00:38:02] on them and then he could go to Stanley kurick interviews on YouTube at the time those films were made or shortly thereafter to understand the craf or he could take Oliver Stone’s movies and you know when we used to buy DVDs they always had these little special feature sections you you can get an Oliver Stone movie where he’s narrating over the movie and explaining why he cut it a certain way or why the lighting on Anthony hopkins’s face in Nixon is a certain way in the beginning of the movie and it’s a darker lighting towards the end of the movie as Nixon’s going through his his his problems and so to me that’s a labor of love for him and so I want him to do that I want him to be successful in it you mentioned AJ AJ is into what you’re into which is the life sciences uh unlocking guarding companies yeah you you and David Sinclair believe and I’ve read both of

[00:39:02] your works and I love your writing by the way your writing always inspires me and makes me feel more optimistic about life and what Sinclair writes and what the amandas writes is that longevity aging May in fact be an illness aging may be in fact something that we can correct okay and we can Stave off the Aging okay and so that is you know brilliant Eureka like stuff and you know so listen for me I’m sitting here with you uh super optimistic about the world but I would tell the 20-year-old today what you do from 12 to 19 let’s reverse engineer into a career that Associates you with that feeling that you had as a kid let me let me add to that what did you do between 12 to 18 or 19 before your mom and dad said that’s not a profession or before the world said you can’t do that exactly but we’re living in a world where you can exactly you can make a career out of out of anything

[00:40:00] well and well that’s the other thing you know we’re parent you know what do your parents want to do your parents want you have a great life right yeah so my my mother told her I probably shouldn’t tell people this but I am going to my my mother told people that Goldman Sachs was a law firm okay and and I I I was in rosano’s Deli on Main Street in Port Washington and one of her Italian friends was in the deli and I was ordering I don’t know like a Puro hero and she turned to me and said oh Anthony your mother’s so proud of you that you’re working at that law firm Goldman Sachs these people didn’t know anything right they weren’t educated I said really I said Goldman Sachs is a law firm she said yeah yeah the law fir Goldman SX I oh thank you Mr so andur I went home and I said ma why are you telling your friends that Goldman is a law firm and she’s like oh I’m just so draw that you went to law school I thought my son was going to be a lawyer

[00:41:00] and you didn’t become a lawyer so I can’t break it to my friends can’t my friend I’ve got this thing right so I go to medical school and I graduate you know uh just barely graduate from from Harvard and I’d go into my space businesses and every time I come home my mom would ask me two questions first of all are you are you dating anybody serious yet and second thing is it’s not too late for you to go to do your intern ship residence to become a real doctor yeah your that’s what they knew that’s what they they knew lawyer doctor engineer that was it but also they wanted to go they were playing peanuckle my mother wanted to tell her friends my son the lawyer heer my son Dr diamandis what do you mean he’s got some biotech company or he invented the ex prise just like the Nobel Prize for Innovation what do you mean who cares about that is he practicing medicine is he writing prescriptions you follow what I’m saying and this is this is the gift that you can give your children this is the gift

[00:42:01] that I can give my children is the neuroplasticity of life and their careers and their experience and the boldness the braveness the permission the permission yes to do something out of that realm another thing I’ll say to you okay not to get overly philosophical but I get my ass kicked in the public domain so if I’m having a bad year it gets reported by every newspaper outlet and if I get fir from the White House which is absolutely brutal I get lit up by Saturday Night Live although I thought Bill ha needed more hairspray and I get lit up by all the the the the cable news pundit was that but was that the best thing ever happened in the last 10 years for you getting fired yeah well we’ll talk about that in a second but I’m making this point that I want my kids to see the travails and the tribulations you and I have a lot of rich friends that try to pretend to their kids that everything went up smoothly you know my

[00:43:01] life went up on a for you know many Memoirs I’ve read where the guy’s life is going up at a 45 degree angle perfectly and there’s no slip that yeah what is this guy talking about I would rather my kids see the whole thing okay because then they can they have space now to fail and then they also have role modeling about resilience and get your ass up dust yourself off take the millstone of regret of bad decisionmaking and put it down take it off of your neck and put it down and go forward and and and and so forth but yes you’re asking about the firing no the firing was absolutely brutal pet Peter I don’t I’m not gonna BS you oh it was the greatest thing no it sucked if anybody’s on this uh space is listening and it’s not a health issue and you’re having a bad day Peter will give you my cell phone number I will call and cheer you up and I will you I will offer you a

[00:44:00] comparison to my day on the 31st of July 2017 where I was blown out the front door of the White House rolled into Pennsylvania Avenue uh and then lit up and destroyed by every media Outlet globally uh to the point where my son was actually working for you at the time okay I met him in Santa Monica where I believe your ex prise offices are near there y and we were walking on the third or fourth street that open shopping mall at the Third Street promade yeah the prominade I’m walking on the prominade with him it’s a week after I’ve been fired he’s 25 he turns to me and he says hey hey Pop are you gonna be okay and I looked at I said what do you mean he goes well this is a disaster I mean you’re getting destroyed by everybody and I looked at him and I said first of all it’s not a health issue secondarily if you’re going to go into politics you got to be able to take your lumps it’s like being in the NFL you wear a helmet in the NFL you’re guaranteed to get a concussion this happened abruptly it was

[00:45:01] embarrassing it was very humbling but watch what I do with it and so I took lemons Peter and did the very best I could to turn them into lemonade but I’m not you are you are one of the most fcked you are the most giving uh loving intelligent people that I know and um you know the fact of the matter is one of my biggest concerns other I think America the greatest country on the planet um one of my greatest concerns is that our political system is is fraught with too many lawyers and professional politicians and not enough scientists doctors Engineers entrepreneurs who are actually driving things everybody this is Peter a quick break from the episode you know I’m a firm believer that science and technology and how entrepreneurs can change the world is the only real news out there worth consuming I don’t watch the crisis News Network I call CNN or Fox and hear every devastating piece of news on the planet

[00:46:00] I spend my time training my neural net the way I see the World by looking at the incredible breakthroughs in science and technology how entrepreneurs are solving the world’s Grand challenges what the breakthroughs are in longevity how exponential Technologies are Transforming Our World so twice a week I put out a Blog one blog is looking at the future of longevity age reversal bio Tech increasing your health span the other blog looks at exponential Technologies AI 3D printing synthetic biology AR VR blockchain these Technologies are transforming what you as an entrepreneur can do if this is the kind of use you want to learn about and shape your neural Nets with go to demand.com back/ blog and learn more now back to the episode yeah hey Peter it’s been a long time hi there it’s nice to see you um okay so the education piece you brought up the education piece there’s actually a few things I want to touch on one Anthony I know an

[00:47:00] entrepreneur that is in that space on day right now um and so it’s really really great to hear you guys talk about the the stories it’s like it’s really not a linear um trajectory to success um and um I think a lot of people struggle with that perception um and um so so it’s it’s always good to hear the people that been successful kind of like been through their as well um but yeah I wanted to touch on the education piece so there’s something that I think anybody who’s a parent Now can do to start really early and um I actually had a friend of mine who has a small child and he had received a video from his wife that was he was like around the time his child was four or five years old and he just had Joy he was singing a beetle song he was coloring this really creative thing he was just very like fully self-expressed and I remember my friend saying my only job in the world

[00:48:01] is to make sure that he doesn’t lose that so that’s like something that I think parents should keep in mind very early on um with their children and then you don’t even have to do this backwards exercise where you’re like what did you like between 12 and 18 years old or whatever um so I think that um that’s that’s one thing we can really nurture um and then in terms of the education piece besides just really concentrating on obviously um mathematics and uh spelling grammar kind of um that piece I think we really need to ship the education system completely and this might have been one of your ideas that I’m absolutely stealing from you Peter is um we really need to be teaching the four skills communication collaboration critical thinking andity because um every job that exists now is probably going to be solete in the future um and uh any kid going into

[00:49:00] kindergarten if they don’t have those skills they won’t be agile and able to adapt to this new economy so I think that that’s really the direction we need to go with education um sooner rather than later what are your thoughts yeah subte first of all thanks for the the questions here and I’ll I’ll jump on the second part first and hand over to Anthony yeah I don’t think our educational system is getting our kids ready for anything you know uh the problem is testing to the test and you know I I go I speak a lot on on large stages like Anthony does and I ask in the audience you know how many of you here are using any of the skills that you learned uh in seventh 8th nth grade like you know uh whether it’s multivariable you substitution or you know trigonometry or geometry and so forth and the majority of people are not uh what we need is is passion-driven education where you find your passion your goals and you learn what you need to do to implement that but the other thing is the stuff that I do use now was never the stuff even I used I learned at

[00:50:00] MIT it’s it’s how to uh how to organize your thinking how to present your ideas how to lead how to put a compelling arguments right how to uh to Envision strategically where you’re going these are skills that are independent of Technology they’re human to human leadership skills which I think are so critically important Anthony oh first of all I think it’s uh it’s incredibly insightful and I don’t know exactly how to pronounce your name is it is it Septima is that how you pronounce it yes okay what I what I would say Septima um is that where we’re failing and I don’t want to make it too broad because I want to be specific in answering your question but I want to explain to you at least My Philosophy where we’re failing now as a society is in the business of equal opportunity okay so I am not for equal outcomes I can prove to you sociologically as human beings we’re just not geared for equal outcomes and

[00:51:01] it would diminish Innovation and economic efficiency and growth I want there to be Elon Musk and Jeff bezos’s who are adding value and are getting excessive economic rent from the society we can debate how much they can be taxed and so forth but I want those things to happen what what I don’t like of what’s going on in the society is the unevenness we’re too rich of a country should be a platform of services for people from K through 12 or prek through 12 uh that get them educated if you tell me the public school system you tell me the ZIP code of that Public School District I can tell you with pretty good Clarity whether or not that kid is going to get a good education and so Peter’s right the curriculum may be flawed uh but it’s more than just the curriculum there’s a gross unevenness to the way we are educated our children in the country and then secondarily and some people are not going to agree with me particularly

[00:52:01] Republicans but we have to come up with a package of services on the health and jobs training for all Americans okay because I’m telling you right now um you could grow up in the middle class like I did or Peter did you could get ahead if you were born in the 1960s if you’re 2000s it’s way harder that’s what led to The Angst you know um whether you like Donald Trump or dislike him or Bernie Sanders or you dislike him they both saw that 20% of the country has disaffected from the social contract because they no longer feel feel that they’re getting a fair Shake in the country you know and I and I’ll just speak for myself for a moment I grew up in an aspirational workingclass family my father was a crane operator 42 years in hot and cold rathera operating ating a crane but he knew that one of his kids was going to you know be successful or two of his

[00:53:02] kids would achieve the American dream those very same people forget it you know that that job that my dad had the real wages associated with that job today are down about 30% in terms of purchasing power so so there’s a big systemic problem so yes there’s certain things in the course curricula and there’s certain things that we have to do Broad ly in terms of defining the agenda for education but we have a very uneven and in my belief an unfair system you know I didn’t pick the family of my origin I believe you didn’t either and yet you know if I was born in the inner city I don’t know if I could have achieved the level of success that I have right now but I would add Anthony that the mechanism and I love this idea of uh equal opportunity versus equal outcomes I mean the only mechanism by which we enable equal opportunity across the board is going to be uh these

[00:54:00] converging exponential Technologies right we are going to demonetize and democratize education just like Google for the poorest child and the wealthiest child is identical we’re going to head to a place where uh Aid driven education and AI driven Health Care is identical for the wealthiest and for the poorest and it’s 10 times better than what we have today so it’s not going to happen by political decree it’s not become by new institutes it’s going to have to be driven uh by a new generation of Technologies which I think we’re going to see this decade I think we’re going to destroy and disintermediate today’s educational Health Care system and it should be because it’s it’s Antiquated amen those are those are heavy words but I believe it it’s it’s a yeah especially in America we’re paying so much for these and getting so little hello uh I’m from boros uh pardon for for my English but I TR my my best first thing uh uh Peter dondes is is my

[00:55:01] idol you’re very kind Chris what do you think about people from asan or southeast Asia in terms of technopreneurship yes so B so listen Chris thank you very much and your English is excellent and thank you for jumping on you know this is an amazing world where you and I can connect like this literally from the other side of the planet I’m in California uh and you’re in the India Pacific right now uh and the opportunities that you have are I think immense because ultimately when I when I speak to entrepreneurs I say it’s okay for you know you can either be an expert in the technology like in AI 3D printing synthetic biology or you can be an expert in the problem space right and if I had to choose I would be an expert in the problem in other words understanding what are the challenges uh for the people that you care about and you love in Borneo um what are they what do they

[00:56:01] need uh and then how do you bridge uh this exponential world that you’re obviously following through these Technologies right because access to all this information this conversation is free I mean that’s amazing so how do you how do you bridge uh the challenges that you have in uplifting uh uh your your fellow citizens and and people in the region of Your World with these Technologies I mean your job is to uh to pick something that you’re most passionate about because doing anything big and bold is hard and unless you’re driven by Passion that wakes you up in the morning and keeps you going through the day and when you hit a wall after a wall after a wall right Anthony was talking about that I got told 150 times no I’m my crazy idea about this $10 million space flight competition but I believed in it so much so what is it that what is a first problem that you want to solve don’t try and do everything pick something specific and

[00:57:00] unique and when you solve that thing when you solve that thing people will then believe in you to solve the next thing and I think that and I wrote a book called bold how to go big create wealth and impact the world and all the lessons I’ve known for entrepreneurs and in particular someone like yourself so get a copy of bold if you can um yeah that’d be what I would say hi Anthony so Anthony and I know each other from the hedge fund a business I I used to go to Salt I used to have a small fund and I used to have a radio show a long time ago and Anthony was nice enough to be a guest of my on my radio show a couple of times so how you doing Anthony um yeah my question for for you Peter or Anthony probably good question for aning is on the NBA issue I me I have a kind of point of view on it I I think it probably is not worth the money anymore um I think a lot of even employers are even now starting to not look at what someone even went to college but like whether they can code in a certain language but I think there are certain basic skills they teach you within MBA I

[00:58:01] think anybody who goes into any kind of business should learn I think you should have basic concept of difference between you know um you know an income statement and a cash flow statement and a balance sheet and understand you know the basics of that understand the basics of the time value of money I think there’s certain Basics but I don’t think you necessarily you don’t you don’t need to get an NBA I mean you can learn it on online you can learn it from book but I I think there’s just certain those basic things that you get from an NBA program those those particular ones I think is are skills that everybody should uh should learn whether you get an NBA or not and that’s really my only thing and you guys can say whatever thought you have on that Anthony go buddy well I mean first of all Ken it’s great to hear your voice I I guess what I would say and you know Ken’s bringing also up because I’m looking at Twitter when I said 12 million you know I actually got that number from Larry Summers and and and and I’m talking

[00:59:01] about the 2023 versus 20 um 1923 from a CPI perspective you’re right it’s about 250,000 but I picked 2003 I didn’t know you were talking about 1923 I thought it was oh no no no 1923 because it’s also if you think about the housing also the medical you know there’s just certain things that are usually valuable like would you pay million for an open heart surgery of course you would would you pay you know $50,000 for that if you had that access in in 1923 but but let me just go to your your other point which I again this is just my opinion you are 100% right from an education point of view from an academic curriculum I think you can learn the trades of business without going to business school but where I think it may have posit positive externalities that go beyond just the trade or the course curricula is the

[01:00:02] associations and so my son and I think Peter knows this he just started a company called Bor cow uh which is basically making whe from plants and so rather than bore everybody you know how does a cow make whe they chew on grass it gets converted in their bodies into animal protein and so you’re taking the cow out of the equation but you using all the enzimatic properties to turn plants into animal way if you will uh the name of the company is called bored cow right because the cow is Bor you’re doing without the cow um the guy running it for him is a classmate of his and the guy’s brilliant he would have never met the guy if he didn’t go to that school AJ is the best networker on the planet no but but yeah but he is and he’s and and Peter knows this he’s a smarter and more mature version of me and of course I set the bar really low so it was an

[01:01:01] easy but but but but but the point of Megan is that he never meets that guy Ken that student who’s now an adult and thriving if he’s not in that class so could he have learned counting p&l could he have learned business entrepreneurship courses and finance absolutely without the NBA but does he actually go to dinner with that guy six times a week while they’re studying okay it develops into that business relationship that probably doesn’t happen without that NBA does that make sense Anthony your your point is an important one which is community matters right and you need to put yourself in a community of individuals who can inspire you and who you can collaborate with and have a mindset right if you want to have Moon big moon shots go hang out with people with big moonshots if you’re if you’re eating way too much pasta um and cookies and you’re overweight and you want to get skinny just saying it Anthony uh you can go and hang out with people who are in better shape and skinny right so it’s

[01:02:00] like who do you want to be what mindset do you want to have and go hang out with those mindsets I think I think Peter hey Ken I think Peter just fat shamed me on Twitter spaces which is totally fine okay I I I could own that is I’m I’m like totally fine with it but I’m telling you Peter well next time I see you I’m bringing back laava I’m bringing that Greek pastry and I’m going to channel Mrs diamandis 87y old Superstar and I’m going to tell you to eat what the hell are you doing I love I love you and I miss you man you’re the only you know next time I come to New York you’re gonna take me out for a great I’ll take for a great I just can’t thank God Elon Musk is not on here because there’d be 150,000 followers and I’d be getting fat shamed by Peter D listen you’re the only guy I know who goes and hangs out with the most extraordinary Elite you know military forces what you’re on Hulu now what how many episodes is the total uh is the total program um uh so the answer to the

[01:03:01] question is there’s 16 people on the show there are 10 episodes this is this is this is the special forces this is Special Forces world’s ultimate test uh we had two British SAS uh servicemen and two Navy Seals take us through their survival training they they drowned me in a car they made me back flip off a helicopter the leg on high they live me on fire although when they live me on fire P you’ll enjoy this I said man I’ve been fired before but never like this this is like a new form of firing they they dropped me off a cliff in a controlled vertical drop where I had to trust one of the other castmates to like break me on the way down um it was absolutely brutal car crash like experience but here’s the thing I learned and people want to while the show the show’s very well rated but here’s the thing I learned I’m 58 years old half of it was physical half of it was mental I was petering out after day six because I

[01:04:00] just didn’t have the physicality to do it anymore but here’s the thing I will tell you what that show taught me you can do more you can push yourself further there could be people listening right now that maybe having a tough time in business or maybe they got clocked in the bare market like I did last year or or maybe they’re having a problem in their family or maybe they’re fighting with their spouse or loved one fix it you can do more it doesn’t have to go in the trajectory that you think it’s linearly got to go in nudge it push it get up earlier and hit the treadmill you know I’m teasing Peter but have one less cookie if you’re severely overweight go go to the gym go to the library read for 30 more minutes today than you read yesterday you can do these things and all of a sudden all these habits roll into to uh great it’s C it’s CAU interest on your life yeah but it’s also great positivity you know when I walked

[01:05:02] out of that shell I’m like all right I got my ass kicked but at least I was able to fight my fear I’m afraid of heights and these nutcases they made me jump off the Tower of aabot you could look it up on Google it’s a 210 m in the air and I had to jump and repel off the tower now I look like a thunder him up at doing it I’m not saying but at least I I had the gumption to do it you can push yourself to do more let’s keep going and folks this is fantastic we got a couple more people on stage we got a bunch of people in the queue with their hand raised at the same time I’m getting DMS with lots of questions as well so you know Anthony this one is for you and talking about of course fpx and S SPF and you know we know that you were close with them and we’re just want to can you speak a little about SPF just in general about him as an individual about the marketplace about Venture Capital just all of that going on because I think a lot of people in the audience would uh be very interested about what you think about that situation so and I’m happy to

[01:06:02] talk about it and I think it surprises people how open I’ve been about it but I I feel like you know one of the great things about Peter dandis in addition to his intelligence he’s a great educator he takes the time to share with people what he’s learned now unfortunately for me some of the things that I’ve learned have been bad things you know and and and some of the things maybe don’t reflect well on me my judgment for working for Donald Trump as an example or or what happened with me and Sam I trusted Sam and I liked Sam and I thought Sam was building the architecture for the Next Generation everything exchange not just the cryptocurrency exchange but he had a vision for tokenizing IL liquid assets he had a vision for using the blockchain to trade stocks and bonds which would shorten transaction times increase the volume of transactions and the speed of

[01:07:01] the transactions and I bought Hulk line into in Sinker into what he was doing I’m going to tell you right now the cftc did as well they were very close to giving him morgin approval there were 50 or so legislators and governmental officials and bureaucrats he was the darling of Washington there were 25 Venture capitalists and Sovereign wealth funds that gave him over a billion dollars in Venture financing for his business he was affiliated with the NBA and Major League Baseball and I got to know his parents and I got to tell you something I liked his parents they were 10e law professors at Stanford and last March which is 11 short months ago I went with Kevin o to what was once called the FTX arena in Miami where Sam was sponsoring some public school children middle and high school

[01:08:00] children but they were from poorer areas of the city of Miami they were in attendance on a Saturday morning in March of 2022 where Kevin o and myself did a mock shk tank and we awarded prizes to people that had good business plans and every everyone at the table you know got something uh from from the charity and Sam’s 80 plus year old aunt was running the charity so I got Bamboozled in a number of different ways but I think there was a lot of people that got Bamboozled because guys the way you commit a crime is you have to have a very small group of people when I set up skybridge uh we have Bank of New York as the custodian we are overseen by JP Morgan we have uh top four accounting firm Blue Chip accounting firms overseeing the funds there are five or six people inside the

[01:09:01] organization that have to turn Keys before money goes because if you have a lot of people working on something in finance there’s always a person of conscience that raises their hand and says okay this is wrong something nefarious is happening but in the made off case it was three or four people in Sam’s case he had it to a three or four people that were literally moving money out of customer accounts but creating accounting back doors to make it look like the money was still in those accounts so when he had audited financials or you went into his data room the data room looked pristine you know you it would have been hard for me to imagine the malevolence or the nefarious Behavior but it did it did it start that way for him or did I don’t I don’t know Feer I can only guess at that okay I don’t know yeah what what’s your what’s your guess so I think it did actually I think I think it started wow

[01:10:01] I do I I was I was going give him the benefit doubt that no I think I think he I think he had a God complex I think he made a decision that his actions were justified by his righteousness and so okay I’m making good money here at Alama but wait a minute if I I open up this thing called FDX I can use free money from these customer accounts I’m such a smart guy that I’ll move it over when I need it of course I’ll trade beautifully with it and then I’ll put it right back in the account nobody will be worse for wear and I’m such a brilliant guy that of course I’ll be able to do all of this and then the bottom fell out of the cryptocurrency markets in the May June time frame and then he then I think he said okay the Bottom’s out of the market let me move 7 billion dollars over and what I’m then going to do is use this customer money to become the White Knight to become the JP Morgan figure the Good Samaritan that’s rescuing these other businesses uh and that burnish his

[01:11:01] reputation and that made him look like okay he must have had great risk management and he must have been smarter than everybody else in the market and here’s the thing we have circumstance where that happens you know I was in Davos footz in when Mark Zuckerberg arrived he had a T-shirt and a hoodie everyone else was in a civil row business suit and people are looking at him and say okay this guy’s 20 years younger than me what the hell is he doing he goes on and creates a trillion dollar company or maybe it’s a half a trillion dollar company today but you get the point I’m making it goes from zero to something like a half a trillion dollars he makes 30 40 hundred billion dollars for himself pick the number and so you see this idiosyncratic Behavior by Sam t-shirt wearing gim shorts from 1979 white socks from 1960 and you’re like okay I’m going to accept this because I’m going to be

[01:12:00] open-minded to it and of course I got it wrong and I got it wrong alongside of a lot of other people so now what happens is this a weird thing about our culture and our society we like to demonize the victims of things in our society so when the Theos fraud happens we take out the list of all these brilliant luminaries and we say look at these dop how could they have purchased Theos you know how could they have bought into her story and now we’re doing that with Sam like look at these Venture capitalists and Sovereign wealth funds and how could scaramucci not see was I was at the uh Yale School of Management uh Jeff sonnenfeld invited me and it was an absolutely brutal situation because there were 250 people in the room 75 of which were in the fortune CEO category maybe you know the fortune 250 CEOs and he showed a interview of me on squawkbox where I’m announcing the deal and Sam and I are teaming up together that was

[01:13:01] September the 7th on November 11th so two short months later I’m sitting there with a concerned look on my face I’ve just flown back from the Bahamas and I’ve got to tell Andrew sorin that something is really rotten in the Bahamas and the partnership that I thought turned me into a hero I’m now sitting here before you as a goat and so now he ju the position those two interviews and he says well what say you and what I said to that group and I’ll say it to this group on Twitter spaces I got it wrong I couldn’t see the fraud because that’s what good frauders do they make it so clever that you can’t see the fraud I got caught in the fraud the good news is he gave me the money Peter you know so I received the money he bought a piece of mood company I’m now got to work on buying it back and you will I cop yeah and I will but I got it wrong but here’s the thing I I said

[01:14:00] there are people here that are CEOs hiding in these big corporate structures and God bless them they would never want to suffer the self-consciousness or the shame of what I’m going through right now as an entrepreneur but that’s okay you don’t go from the blue collar neighborhood that I I grew up into to where I am today without taking risk and when you’re throwing the ball metaphorically you get sacked you get intercepted and you fumble the ball and so this is obviously a combination of those three things but I’m here really to speak to the young people that are going to Yale getting their NBA uh it’s not going to stop me from taking risk guys I’m gonna be out there again throwing the ball and I may get something else wrong um but the truth be told I’m not going to let Sam bankman freed and the fraud that he perpetrated stop me from seeking economic Innovation or growth or investing in something that I think could potentially Dent the

[01:15:00] universe positively Amen brother I I love you for it right because if we that’s what’s that’s what’s amazing about America and a lot of other countries if you have a failure like this you’re blacklisted for life and you cannot recover uh in America as an entrepreneur you can pick yourself up dust yourself off unless you’ve been me tooed which has much longer consequences why I get into that right now but um you can pursue your next start again I am curious about one thing the speed at which um Sam made his wealth should that have been a signal to folks know I had dinner with him uh I remember I was texting with you when I was having dinner with him in New York during the uh Clin Global initiative right and I was talking about X prise and and Longevity and all of these things we had like two hour back and forth and like he’s in a T-shirt and and shorts and everybody else you know in the restaurants and Su TI but it was like the speed of which his wealth creation was that a signal that was that

[01:16:02] was not um witnessed well yeah the short answer to that is yes but let me provide context because it you know he was a quirky guy idiosyncratic um Bitcoin has gone up 132,000 per since the origination of Bitcoin 14 years ago not not long ago not long ago so if Sam was an early adopter which he said he was and he was exploiting the inefficiencies in the markets uh before the markets got more mature they’re not as mature as the stock and bom markets but the spreads have tightened okay um you would have to believe that it was possible because we know you and I do know legitimate Bitcoin billionaires we do know people like the wikle vosses you know that put the Bitcoin coins away Mike nov grass is a friend of mine he is a billionaire um God Michael sailor right Michael sailor

[01:17:00] I can name you people and so yes and no yes there’s all the Tells now the way he was dressed his quirkiness we can all blame it on that but the truth be told um you know he fit the box of outliers he fit the box of idiosyncratic Behavior the re the reverent re Reverend you know uh you know you know who look I mean I don’t want to make comparisons because it’s unfair to these people to San bankman freak but Steve Jobs the Theos lady dressed like him do you remember this she wanted to of course pick up that a effect so that she could dup people uh uh you know Bill Gates drops out of college he’s a College Dropout from Harvard he develops the greatest software company and becomes one of the richest for a long period of time the richest person in the world uh Jeff Bezos a little bit more traditional but also you know idiosyncratic goes on to create you know he’s arguably the

[01:18:01] richest or among the richest five people in the world uh your friend and somebody that I know and admire Elon Musk um people would describe him as idiosyncratic okay I I think so I mean look look at where he was and and Brilliant and Brilliant but look at where he was in 2003 Hey listen I’m going to take the proceeds from PayPal I’m going to roll them into making electric cars and oh by the way I’m going to go into commercial space I’m going to compete with and I’m I’m going to spend everything I’ve got and go into jet and against the largest companies in the planet yeah and so he he becomes the richest man in the world or among the richest men in the world doing that it’s idiosyncratic it’s not normal but you made bets on him my friend Antonio graus made bets on him and became very wealthy doing this my point is Sam fit that genre okay now am I to be castigated for getting it wrong sure I I’ll accept the castigation alongside of the 25 luminaries and the

[01:19:02] million people that believed in them in the NBA and Major League Baseball and everybody else um but what I’m not going to do is say okay now I need to wear Scarlet Letter and I need to walk with shame you know Brett Harrison the president of FTX us he did everything right uh he was regulated by the US regulators and so he had one to one and he was solvent the day that FTX collapsed okay he left FDX uh thankfully in September um and he’s not a target of the investigation and he went out and raised money for a new Venture which my son’s fund put money in and I put personal money into the new Venture because he’s a good guy I don’t want him tarred and feathered by the misbehavior of San bang mfre moreover we did an event in the Bahamas ass assault cryptocurrency event

[01:20:00] we calleded crypto Bahamas uh Sam was the big sponsor his imprator was on that event last April was probably one of the best events we ever we’ve ever done I’m not going to let Sam and the taint of him toer me from going back to the Bahamas I built a relationship with the Prime Minister I built you know I have friends at the Bomar hotel I have the owner emry Chang who owns the Rosewood is a 30-year friend of mine I’m so what am I going to do now Sam tainted the Bahamas we’re never going back to the Bahamas no I’m calling my friends and saying hey let’s help out that beautiful country and return to the Bahamas We’re not gonna let somebody like Sam you know BR this negative yoke on things listen if the world if the world is is uh innovating and expanding and experim menting growing at these exponential you know rates that we are there are going to be disruptive moments in the negative as

[01:21:00] well as multitude and the positive and it’s going to come you know from people I would like to believe it was stupidity and not you know malevolence that led him in that direction but you know we we’ll find out from what the investigation show let’s try and squeeze in a couple of other subjects but thank you uh Anthony for being so open transparent with everybody about this I love that about you right you try and over you are like that you know look I want people to learn from this stuff yes I made a mistake here’s the mistake we made here’s why we made it and hopefully listening to me maybe that will prevent you from being in the position that skybridge and myself is personal Peter um yeah big fan of yours um I’m actually a medical doctor and took your exponential entrepreneurship of course whil an entrepreneurship Fellowship here in the UK as a doctor and I’ve gone super into Tech and Anthony I remember your big room on clubhouse back in the day as well uh so incredible to have you both here I had a question so we’ve seen

[01:22:00] as Peter often talks about exponential you know change in technology and everyone’s talking about augmenting humans with you know chat gbt and we’re seeing these Innovations come to light and um I’m a big fan of Health and Longevity as well and with Elon Musk company like neuralink Peter what are your thoughts on the convergence of humans and Technology I would love to hear that thanks yeah so thank you s it’s an area I I’m excited about we are converging with technology we are in the process of giving birth to a new form of life and Intelligence on this planet uh and we’re either going to merge with It ultimately or be uh bypassed by it you know today yeah I’m I’m in I’m in audience I’m speaking to audiences of thousands of individuals and just for fun I’ll say is there anybody here who just not have their cell phone and like raise your hand and like nobody raises their hand I mean like a few years back someone raised their hand and I said oh really you don’t have a cell phone he goes I

[01:23:01] lost it Uber on the way over here but you know it’s like we become dependent that’s part of we Outsource our so much to that device right our our memory uh our capabilities and it augments our brain um we can’t make our brains any bigger today because we wouldn’t be able to go through the birth canal but what we can do just like your cell phone is you know connected over 5G to the edge of computing um on on the on the networks we’re about to connect our brain uh to the cloud as well right there’s probably about 40 companies probably many more we don’t know about that might be in the defense departments and so forth working on connecting your brain 100 billion neurons 100 trillion synaptic connections to the cloud uh the person is the best predictor of this uh by far are one of my mentors Ray Kur my co-founder of singular University he’s now the futurist at at Google um and you

[01:24:01] know his prediction of when we’re going to reach high bandwidth brain computer interface is uh the early 2030s call it 20132 2033 and so what happens when that happens well uh all of a sudden we’re becoming hybrid in that regard I can think in Google I can uh in a meta intelligence standpoint which I wrote about in my uh my previous book uh future is faster uh you know if I if you’re connected to the cloud and Anthony’s connected on the cloud I’m connected on the cloud we can uh basically share thoughts and by the way going back to one the earlier conversations Anthony that level of connectivity that level of empathy is going to be one of the most important things we have for society um one of the things I’ll mention so is that we are as you well know as a actual practicing pH I I you know I barely graduated medical school and never did Internship or

[01:25:00] residency but you know we’re each a collection of 40 trillion human cells um and many more bacteria viruses Hong and so forth but those cells all operate in unison to create me or you as individual life form and we’re we’re 8 billion uh people who are being connected and coming uh hopefully eventually conscious at a new level um so I think we are giving birth uh to a new evolutionary uh version of homo sapiens uh there are many names been given to it I think that’s happening not a thousand or 100 years from now I think it’s happening over the next 20 30 40 years maximum right Ray calls The Singularity as part of that so it’s an exciting time to be alive like to say don’t blink Anthony what’s a what’s a closing thought for you here buddy so you know I’m you know I’m inspired by Peter diamandis I I cite

[01:26:02] his books when I talk to people and when I close out a speech I talk about Thomas mouis I talk about peak oil Theory I talk about historically were designed biologically to think linearly but the world is moving exponentially and when I read a book like abundance or I hear Peter speak or I listen to one of his podcasts or a YouTube presentation that he’s making I remind people that the things that we’re worried about will likely not come to pass because of human Innovation and because of the best of man and womankind and so what I want to end this with whatever the apocalyptic stuff that’s being said out there we can rise above that we can overcome it it doesn’t even matter who our political leaders are uh the great innovation in a country like this uh well you know the the surprise for everybody is whatever

[01:27:02] the problems are my guess is human Innovation the technology uh the best and the brightest will help us solve those problems and I want people to think like that and stay positive Anthony you’re at uh you’re at scaramucci uh where else can people find your work so I’m at I also have a podcast which I’d like to get you on and some of your co-authors um done called open book I love reading and so the name of my podcast is open book I’ll just say this quickly it used to be $10 10 hours of reading you got 10 years of experience now because of inflation it’s $20 but you get the point and authors inspire me because they work on a subject for a long period of time and they give you their knowledge and of course we have a 5,000-year dialogue going back to the ancient Greeks uh it’s a one-way conversation of course we’re forced to listen to them in our heads as we read their stories and their personal

[01:28:01] feelings their shortcomings and their philosophies and so rather than read the whole book you can come to my podcast and hear me hash it out with the author oh i’ I’d love to Buddy uh and for those listening here on Twitter spaces and you can see this again on my podcast moonshots and mindsets I’m at Peter diamandis uh my closing thoughts here are it’s simple um and I’ve been pretty consistent for a decade this is the most exciting time ever to be alive the only time more exciting than today is tomorrow each of us have more power than the Kings and the Queens the heads of Nations 30 years ago we have the ability to change the world the only scarce resource today is the passionate committed human mind if you think you can you have a chance of doing it more access technology capital and my mission is how do we uplift Humanity how do we uplift the life of a man woman and child uh and that’s what’s going to make the

[01:29:01] world an amazing place and speaking of children I’ve got two kids waiting for me to pick them up from school which is the fun part you know being dad is still my number one uh uh you know desire to be the best dad I can Anthony I’m it’s been a pleasure to get to know your family I love you buddy thank you for being in my life thank you for joining us today St here man it’s amazing to be here with you thank you for giving me the opportunity and the honor to be on with you [Music] man