How to Build Wealth (And Survive Failure) with Anthony Scaramucci
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What is the main topic discussed in this episode?
And I remember being long and defiant and very wrong. I had the worst year of my career. And so I have gotten things wrong. So I've been humbled by life and humbled by markets. But I see the specter of deflation as being a forward trend that I'm more worried about than short-term inflation. and so i don't look at the near-term stuff as much as i used to and i'm not as focused on it i think i would caution younger investors that listen to your show to try to think way longer term i think these are mistakes that i made in the early part of my career that i wish haven't served me well you know too too impetuous too knee-jerky selling at bottoms and buying at tops and doing all the classic mistakes that you'd expect from human nature
You know, if you're taking exogenous risk, and I had to take exogenous risk as a kid to get to where I am, expect that your ass is going to get kicked. And so don't be a baby about it and don't play the victim. You know, when they fired me from the White House, I got torched by everybody. I got torched by the media, late night television. Did I care? No. I went on those shows, faced the music, and never played the victim. So you've got to have that mentality if you're going to take risk. If you're not comfortable with that, then don't do it.
Welcome to the Master Investor Podcast with me, Wilfred Frost, where we celebrate and learn from the success of the greatest investors, business leaders and politicians in the world, giving you, our listeners, the edge. The Master Investor Podcast is sponsored by LSEG, Interactive Brokers, the World Gold Council and BNY Investments. Please do remember the views expressed in this podcast are for general information purposes only. Nothing in the podcast constitutes a financial promotion, investment advice or a personal recommendation. More on that in the show notes. My guest today is the founder and CEO of SkyBridge Capital and the host of the SALT conferences. He's also a restaurateur as well as prolific broadcaster and podcaster.
And of course, also briefly, the former White House communications director for President Trump. I'm, of course, talking about Anthony Scaramucci. Anthony, welcome to the MasterVest podcast. It's great to be here. It's a real privilege to have you with us. And I listed some of the things you do there. Podcasting, you've got The Rest is Politics US, you've got Open Book, you've got All Things Markets, you've got a new book coming out, All the Wrong Moves, How Three Catastrophic Decisions Led to the Rise of Trump, publishing date September the 22nd in the US, September the 17th in the UK. I like that. Comes out here first.
Yeah.
Yeah. I mean, listen, I've got great publishers from both sides of the Atlantic. And I try to encapsulate my 38-year observation as a Wall Streeter, but also a participant in the political system. Some of the things that we did that didn't go well. And by the way, it's not an indictment of anybody. It's just more a story of good and well-intended people making bad policy decisions that lead to this rise of populism and also this anger-based movement in our two populations where there's a very large group of people in the UK and in the United States that are upset, which is why you're seeing this turnover in your system. And it's why you're seeing this rise of left-leaning and right-leaning populism in the United States.
Well, I hope you'll come back on when the book is out on the Sky News program as well. That would be great. But my first question on this is, how on earth do you fit all of this in?
Well, you know, I am a big believer in, you know, I told Tony Pastor, who's one of the founders of Goldhanger, I'm a big believer in what's called servant leadership. I think I read that book about 20 years ago and decided I was going to implement that. And it's been successful for me. So I have... a group of people that are running our conference business, a group of people that run our funds business. I have a production team that runs the podcast for us, but also does a lot of the social media.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–9:01
2
How did Anthony Scaramucci describe his leadership style and early transition to delegating?
9:01–29:12
3
Why does Scaramucci now focus on very long‑term investing rather than daily market noise?
29:12–35:33
4
What costly lesson did he share about missing Amazon and Buffett’s advice?
35:33–53:39
Speakers
2 identifiedMore from The Master Investor Podcast with Wilfred Frost
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