My First Million

I Turned $1M into $2.3B (Then Blew It Up and Rebuilt)

429 snips
Jun 30, 2025
Guest
Mike Novogratz
Mike Novogratz, CEO of Galaxy Digital and former Goldman Sachs partner, shares his remarkable story of turning $1 million into $2.3 billion. He dives into the challenges of risk tolerance, emphasizing the psychological toll of high-stakes trading and the importance of resilience. Novogratz reflects on his early crypto investments and the balance between intuition and analytics in decision-making. He also discusses personal growth through financial exploration and the complexities of wealth in parenting, offering insights on modeling values for future generations.
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Mike’s Career Setback and Recovery

  • Mike Novogratz once personally blew up in his career and left Goldman Sachs embarrassingly.
  • He spent a year shrinking and sorting himself out before returning to success.
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Social Roots Impact Success Handling

  • Early social success in life helps people handle success more easily later on.
  • Those with a chip on their shoulder who feel like misfits often struggle with adapting to success.
00:00 / 00:00

Discipline Separates Great Traders

  • The best macro traders combine pattern recognition with disciplined process.
  • Mike says discipline sets the greats apart from merely good traders.
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