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Audio Studios, podcasts, radio, news. This is Masters in Business with Barry Ritholtz on Bloomberg Radio. This

week on the podcast, strap yourself in for another extra special guest. Sahil Bloom is the author of a new book, The Five Types of Wealth. He's also worked in both private equity and venture capital, as well as running his own firm. The book is kind of fascinating, focusing on not just money as a source of wealth, but time, your social life, your mental and psychological attitude, your physical health, as well as your financial well-being. That by focusing and only measuring money, we use a scoreboard that really doesn't sum up everything that we should be thinking about. I found our conversation to be really fascinating. The book is really interesting, and Sohail is a really knowledgeable person who's lived for a relatively young person, a fascinating life, came to a realization that he was wasting his time, his physical health, and a lot of other assets that he had, and kind of rejiggered his whole approach to what he was doing. I thought the discussion was really fascinating, and I think you will also, with no further ado, my conversation with Sawhill Bloom, the author of Five Types of Wealth. Thank you so much for having me. I'm thrilled to be able to do this in person. Yeah, a little unusual sort of building and fun sort of place relative to what you were used to on the West Coast. You relocated to the East Coast, right? I did, yeah, in 2021. Yeah, we'll talk about that because I was very touched by what you wrote in the book about that. Let's start out with your background. Stanford, bachelor's in economics and sociology and a master's in public policy. What was the career plan?

a very good planner my entire life. My dad's an economics professor, and so economics seemed like a good undergraduate plan. But frankly, at the time, my real plan was to go play professional baseball. My entire life had been a baseball player. I got a scholarship to play at Stanford, played there, and probably somewhat naively thought that I could go make a career out of it, playing in the big leagues. And a shoulder injury, my end of my junior season sort of derailed those aspirations. And I had to find my footing in something else. So

you're almost lucky it happened sooner than later, right?

I think so. I think, I think, you know, hindsight's 20-20 on these things. There's always a silver lining, as they say. I think what would have happened if I had tried to play professionally was I would have ended up spending, you know, three, four or five years toiling around in some like bus in the middle of nowhere in the minors and then ended up having to go start at, you know, 28 or 29 rather than 22. Huh. And you worked with Condoleezza

Rice as your advisor at Stanford.