We Study Billionaires - The Investor’s Podcast Network - TIP435: Why the Youngest Billionaire Walked Away from Wall Street w/ John Arnold & Michael Faye

TIP435: Why the Youngest Billionaire Walked Away from Wall Street w/ John Arnold & Michael Faye

04/01/22 • 60 min

2 Listeners

We Study Billionaires - The Investor’s Podcast Network

Trey Lockerbie chats with a powerhouse duo, billionaire philanthropist, John Arnold and the cofounder of GiveDirectly, Michael Faye. They discuss Billionaire Philanthropy Strategies and much more!

IN THIS EPISODE, YOU'LL LEARN:

02:57 - John's relationship with money and experience with philanthropy.
07:48 - John's experience as an early employee at Enron, becoming the head of their natural gas trading desk. His early career that led him to become the youngest billionaire in the US in 2007.
15:48 - John's journey in founding his own hedge fund.
51:17 - What led Michael to cofound GiveDirectly.
52:44 - How GiveDirectly operates and why it’s important to start your own philanthropy efforts today.
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
ArnoldVentures.org.
AccelerateCharitableGiving.org.
John on Elon's recent $5.7B DAF contribution.
GiveDirectly.org/WSB - listeners get their first gift to people in extreme poverty matched up to $1000
Michael's op-ed on Foundations / DAFs.
John Arnold’s Twitter.
Michael Faye’s Twitter.
Arnold Ventures’ Twitter.
Give Directly’s Twitter.
Trey Lockerbie Twitter.

SPONSORS

Support our free podcast by supporting our sponsors:

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Su...

Trey Lockerbie chats with a powerhouse duo, billionaire philanthropist, John Arnold and the cofounder of GiveDirectly, Michael Faye. They discuss Billionaire Philanthropy Strategies and much more!

IN THIS EPISODE, YOU'LL LEARN:

02:57 - John's relationship with money and experience with philanthropy.
07:48 - John's experience as an early employee at Enron, becoming the head of their natural gas trading desk. His early career that led him to become the youngest billionaire in the US in 2007.
15:48 - John's journey in founding his own hedge fund.
51:17 - What led Michael to cofound GiveDirectly.
52:44 - How GiveDirectly operates and why it’s important to start your own philanthropy efforts today.
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
ArnoldVentures.org.
AccelerateCharitableGiving.org.
John on Elon's recent $5.7B DAF contribution.
GiveDirectly.org/WSB - listeners get their first gift to people in extreme poverty matched up to $1000
Michael's op-ed on Foundations / DAFs.
John Arnold’s Twitter.
Michael Faye’s Twitter.
Arnold Ventures’ Twitter.
Give Directly’s Twitter.
Trey Lockerbie Twitter.

SPONSORS

Support our free podcast by supporting our sponsors:

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Su...

Previous Episode

BTC071: How Fiat Blinds Bitcoin's Importance w/ Alex Gladstein (Bitcoin Podcast)

IN THIS EPISODE, YOU’LL LEARN:

12:30 - Recently the Senate is directing the State Department to investigate the economic impact Bitcoin is having on El Salvador - what is going on here?
34:09 - What interview was the most memorable for Alex's new book?
35:10 - Alex's thoughts on how financial privilege blinds people to Bitcoin's true impact.
50:04 - Alex's comments on the cypherpunk movement and why it was so important to Bitcoin's foundation.
01:02:00 - Bitcoin's privacy problem.
01:11:40 - Why are so many people with power in the world reverting to tactics of control?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Alex Gladstein's new book: Check Your Financial Privilege.
Alex's Twitter.
Allen Farrington and Sacha Meyer's new book: Bitcoin is Venice.
New to the show? Check out our We Study Billionaires Starter Packs.
Are you looking to start investing? Check out our article on How to Invest in Stocks: The Ultimate Guide for Beginners.

SPONSORS

Support our free podcast by supporting our sponsors:

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! <...

Next Episode

TIP436: Is the Buffett Partnership Strategy Still Applicable Today? W/ Zack Oliva

Trey Lockerbie chats with Zack Oliva. Zack is an attorney by trade who runs his own 30 person law practice out of Houston. He’s also been a lifelong investor and has been running a partnership in the style of Buffett’s 1950’s partnerships and has been beating the market by a landslide. Trey loved getting to speak to Zack and to find someone operating within this partnership structure in modern times. It’s another great example of how net-nets, deep value, and equitable fee structures are alive and well. Without further A do, here is this week's interview with Zack Oliva.

IN THIS EPISODE, YOU'LL LEARN:

06:59 - The playbook Buffett was implementing back then and how that would look today.
22:43 - The structure of Buffett’s early partnerships.
37:30 - How to think about cloning someone's investment style versus developing your own.
44:48 - Resources for finding new investment ideas.
51:05 - The profile of an easy bet and how to find them.
57:25 - What an Anti-circle of competence looks like.
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Fit Finance Book.
ZacksNotes Website.
Value Line Website.
Trey Lockerbie Twitter.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.