Recovering From Political Defeat

This episode is supported by Xero, helping businesses use AI with more control through JAX, its in-platform AI finance partner. Get 90% off your plan for your first 6 months at xero.com/highflyers. 

Welcome to this classic episode. Classics are our favorite episodes from our back catalogue, published as frequently as possible. These are N of 1 conversations with N of 1 people. This is a replay of Episode 200, originally released in April 2025— one of our most loved classics.

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Malcolm Turnbull is one of the most fascinating figures in modern politics and business. He served as Australia's 29th Prime Minister (2015–2018), and previously built a career as a Goldman Sachs partner, successful technology investor, entrepreneur and lawyer. Earlier in his career as a barrister, he famously defeated Margaret Thatcher's British government in the landmark Spycatcher legal battle.

In this uniquely candid conversation, former Australian Prime Minister Malcolm Turnbull joins Vidit to share his remarkable journey from a difficult childhood to the highest office in the country. He reveals how he became the trusted lawyer to billionaire Kerry Packer at just 28, defeated Margaret Thatcher's British government in the landmark Spycatcher case, and what working with powerful figures like Donald Trump and Rupert Murdoch taught him about standing up to bullies.

They also explore the personal setbacks that nearly broke him, the lessons from losing political power, why financial independence mattered more than becoming a billionaire, and how his relentless curiosity shaped his career across law, business, technology and politics.

Please enjoy exploring your curiosity.

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This episode is supported by Xero, helping businesses use AI with more control through JAX, its in-platform AI finance partner. Get 90% off your plan for your first 6 months at xero.com/highflyers. 

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TIMESTAMPS
00:00 – Meet Malcolm Turnbull
01:39 – Life after politics
04:30 – A difficult childhood and school bullies
08:00 – Growing up without his mother
13:45 – The ambition to conquer the world
15:30 – Becoming Kerry Packer's lawyer at 28
20:30 – Standing up to Packer and Trump
24:30 – Does ruthlessness drive success?
27:00 – Mentors and the power of curiosity
30:00 – Why he never chased billions
32:30 – Defeating Margaret Thatcher's government
37:00 – Taking on the British establishment
40:30 – Lessons from his 250,000-word memoir
43:00 – His darkest political setback
45:00 – Bringing innovation into government
47:00 – What Australia gets right and wrong
50:00 – AI, leadership and habits
51:15 – Watching Packer gamble away millions
53:00 – How to become Prime Minister

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The High Flyers Podcast features in-depth interviews with the world’s most influential figures in business, tech, finance, government and sport. Launched in 2020, it has ranked in the global top ten for past three years, with listeners in 27 countries and over 200+ episodes released, and featured in Forbes, Daily Telegraph, and at SXSW.

Our guests include -- Malcolm Turnbull (Prime Minister of Australia), Keith Rabois (Managing Director, Khosla Ventures), Jason Collins (Head of BlackRock, Asia Pacific), Brad Banducci (CEO, Woolworths), Michael Schneider (CEO, Bunnings), Aleks Spaseska (CEO, Kmart) David Eckstein (CFO, Legora), David Schneider (Growth Fund Co-Lead Partner, Coatue), Venky Ganesan (Managing Partner, Menlo Ventures), Shiv Rao (CEO, Abridge), Jesse Zhang (CEO, Decagon), Vandita Pant (CFO, BHP), Elena Verna (Head of Growth, Lovable), David Haber (a16z Partner), Jodie Auster (Uber's Global Head of Travel), Paul Grosmann (CEO, RM Williams), Rob Giglio (CCO, Canva), Jean-Michel Limieux (CTO, Shopify and Atlassian), Stevie Case (CRO, Vanta), Cristina Cordova (COO, Linear), Gautam Chari (Head of Capital Commitments, Bank of America), John Haddock (CBO, Harvey), Mark Suster (Partner, Upfront Ventures), Niki Scevak (Partner, Blackbird), Craig Tiley (CEO, USA Tennis), Jeanne DeWitt Grosser (COO, Vercel), Paul Bassat (Partner, Square Peg), Bowen Pan (Creator, Facebook Marketplace), Peter Varghese (Secretary of Foreign Affairs, Australian Government), Sam Sicilia (CIO, Hostplus), Jack Zhang (CEO, Airwallex), Tim Doyle (CEO, Eucalyptus), Sukhinder Singh Cassidy (CEO, Xero), Sanjeev Gandhi (CEO, Orica) and Philip Green (Australia's Ambassador/High Commissioner to India).