Capital Allocators – Inside the Institutional Investment Industry Michael Novogratz – Galaxy Digital (First Meeting, EP.06)
Aug 12, 2019
Michael Novogratz, CEO of Galaxy Digital, shares his journey from Goldman Sachs trader to a key player in the crypto world. He discusses his adventurous career, marked by fortunes made and lost in Bitcoin. Novogratz talks about the evolution of cryptocurrency, the challenges of institutional adoption, and the burgeoning use cases in privacy and gaming. He also highlights the importance of resilience, his commitment to justice reform, and unique insights gained during his tumultuous trading experiences.
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Military Service
- Mike Novogratz financed his Princeton education with ROTC, expecting to serve in the army.
- He joined the National Guard and later went into inactive service, but his unit was deployed to Bosnia shortly after.
Transition to Trading
- Mike Novogratz transitioned from sales to trading after realizing traders made significantly more money.
- He learned from top traders at Goldman Sachs and gained confidence during the Asian crisis of 1997.
Find Your Lane
- There are many successful trading styles, and one's personality should match their chosen style.
- Speculation requires intuition and pattern recognition, a different kind of intelligence.
