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

Aug 5, 2020

Guest

Mike Novogratz

In this engaging conversation, Mike Novogratz, CEO of Galaxy Digital and ex-Goldman Sachs partner, shares his insights on cryptocurrency and the future of Bitcoin. He delves into the impact of intuition in investing, emphasizing its growth alongside structured strategies. Novogratz recounts transformative experiences, from ayahuasca ceremonies promoting self-acceptance to navigating pressures of perfectionism. He also reflects on his philanthropic efforts in criminal justice reform, blending personal growth with social responsibility.

01:29:58

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ANECDOTE

Helicopter Incident

Mike Novogratz once piloted a helicopter down Prospect Avenue at Princeton.
This happened during a reunion celebration after having too much to drink.

question_answer

ANECDOTE

Speed Racer Pants

Mike Novogratz wore Speed Racer pants with a red stripe.
They were unique in New York and became his signature for a year.

insights

INSIGHT

Princeton Experience

Mike Novogratz initially felt intimidated by Princeton's environment.
He gained social confidence, realizing he could compete with anyone, regardless of background.

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Electrolytes and Effective Investing

04:05 • 4min

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Resilience and Transformation

08:02 • 18min

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Intuition and Investment Success

26:21 • 15min

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Roots of Excellence and Leadership

41:51 • 6min

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Navigating the Roots of Pressure and Perfectionism

48:05 • 5min

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Transformative Journeys: Tattoos and Justice

52:44 • 23min

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The Art of Investment: Beyond Finances

01:15:52 • 7min

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Reflecting on Legacy and Wellness

01:22:37 • 8min

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#978

• Mentioned in 26 episodes

Reminiscences of a stock operator

Edwin Lefevre

This book is a classic in the realm of stock market literature, detailing the life and trading experiences of Jesse Livermore, a legendary trader, under the pseudonym 'Larry Livingston'. It explores Livermore's journey from his early days in 'bucket shops' to becoming a prominent figure on Wall Street. The book highlights the importance of understanding market psychology, the dangers of overtrading, and the need for discipline and independent analysis in trading. Despite being written nearly a century ago, its lessons on market dynamics and human nature remain relevant today.

Mike Novogratz on Investing, Bitcoin, Ayahuasca, and Running Through The Sahara Desert | Brought to you by Magic Spoon, Four Sigmatic, and LMNT.

Michael Novogratz (@novogratz) is the founder and CEO of Galaxy Digital. He was formerly a partner and president of Fortress Investment Group, LLC. Prior to Fortress, Michael spent 11 years at Goldman Sachs, where he was elected partner in 1998. Michael served on the Federal Reserve Bank of New York’s 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 family’s foundation. He also serves as the chairman of Hudson River Park Friends, and sits on the boards of NYU Langone Medical Center, Princeton Varsity Club, Jazz Foundation of America, and Artists for Peace and Justice. Michael received an AB in Economics from Princeton University, and served as a helicopter pilot in the US Army.

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