TIP435: Why the Youngest Billionaire Walked Away from Wall Street w/ John Arnold & Michael Faye
We Study Billionaires - The Investor’s Podcast Network
Intro
This chapter explores the journeys of two billionaires who shifted from finance to philanthropy, highlighting John's experience at Enron and Michael's work with GiveDirectly. Their commitment to addressing global issues through strategic resource allocation is a central theme of the discussion.
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.
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