White Coat Investor Podcast

WCI #263: Investing in Crypto-Assets with Hedge Fund Manager, Jeff Ross MD, MBA

May 19, 2022
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ANECDOTE

From Interventional Radiologist To Hedge Fund Founder

  • Jeffrey W. Ross describes transitioning from medicine to finance after starting a blog and writing for Motley Fool and Seeking Alpha.
  • He founded Vailshire in 2013, launched a hedge fund in 2014, got an MBA, then retired from medicine in 2021 to run the fund full time.
INSIGHT

Bitcoin Versus Altcoin: Different Categories

  • Ross shifted his fund focus to crypto after studying Bitcoin and its tech advantages starting in 2016.
  • He distinguishes Bitcoin as money and other crypto as platforms with different use cases.
ANECDOTE

Painful Altcoin Lesson From 2017–2018

  • Ross recounts buying Bitcoin in 2016 then selling to chase altcoins during 2017, only to see a 90–95% collapse in 2018.
  • He also faced a large tax bill on 2017 gains and learned to reassess his approach.
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