Mike Novogratz on Investing, Bitcoin, Ayahuasca, and Running Through The Sahara Desert (#451)

Michael served on the Federal Reserve Bank of New Yorks Investor Advisory Committee on Financial Markets from 2012– 2015. Michael serves as the chairman of The Bail Project and has made criminal justice reform a focus of his familys foundation. Michael got an AB in Economics from Princeton University and served as a helicopter pilot in the US Army.

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What was Mikes Princeton experience like? Athleticswise, what flipped for Mike in his junior year? What did Mikes regular appearance like between rehab and sounding the bell after not working for almost 6 years? What suggestions does Mike think his older self, 10-20 years from now, might offer to his existing self? How did Mike come to be so passionate about criminal justice reform?

Want to hear another discussion with a financier whos got his mind on more than the market? Listen in on my interview with Howard Marks in which we go over the secret formula to getting along with business partners, turning dumb cash into clever cash, why its not what you purchase but what you pay, determining the intrinsic worth of cryptocurrency, and much more.

Cleaning up two burning concerns: what are Mikes Speed Racer trousers, and has he ever piloted a helicopter down Prospect Avenue? [06:57] What was Mikes Princeton experience like? [09:27] Athleticswise, what flipped for Mike in his junior year? [11:34] What part has battling played– and continues to play– in Mikes life? [12:39] How did Mike work his way through an especially uncomfortable part of his journey– when he believed, after resigning from Goldman Sachs, his life was over at age 33? [14:00] What did Mikes routine appear like in between rehabilitation and sounding the bell after not working for almost six years? Did he alter any practices in particular? [22:38]
Mike may rule out himself the smartest person in the room, but his intuition may make him among the luckiest. [26:43] How has Mike discovered to determine intuition and pattern recognition from illogical confidence? [29:16] Why does Mike consider himself the Forrest Gump of Bitcoin, and how does his speculation over cryptocurrency differ from that of fellow financier Paul Tudor Jones? [35:10] Putting on the Nostradamus hat, where does Mike see Bitcoin reviewing the next 12 months? [38:48] Maturing in a household of strong personalities, what was Mikes youth like? [40:54] Who is Jacqueline Novogratz? [45:01] Does Mike think the pressure hes felt to stand out comes from having a lot of high-achieving individuals in his family? [48:31] Mike explains the not-so-small tattoo on his forearm. [51:57] Why did Mike decide to include an experience with ayahuasca in a start speech he just recently offered at the University of Iowa? [53:32] As somebody with a competitive drive, how has Mike found out to be more forgiving of himself when he doesnt come in very first location? [57:21] What advice does Mike believe his older self, 10-20 years from now, might provide to his existing self? [1:03:02] How did Mike happen so passionate about criminal justice reform? [1:05:10] Intrigued in learning more about criminal justice reform and why its so crucial? Here are a few jumping-off points Mike recommends.
What books has Mike offered typically as presents? [1:14:55] How does Mike refocus when hes feeling overwhelmed? [1:16:30] Favorite quotes. [1:18:28] What investment of cash, time, energy, or other resources has been Mikes a lot of beneficial? [1:20:08] Parting ideas. [1:21:49]
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