Intelligence Squared What Can The Stoics Teach Us About Capitalism?
6 snips
May 10, 2025 
Robert Rosenkranz, a financier, philanthropist, and author of The Stoic Capitalist, shares how ancient Stoic wisdom can inform modern capitalism. He discusses ethical decision-making in today's fast-paced business world, blending practical advice with philosophical insights. Rosenkranz recounts his inspiring journey from humble beginnings to financial success, emphasizing the courage needed to innovate. He also highlights essential principles such as emotional control and rationality, while addressing the intersections of trust in investments and advancements in longevity research.
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Early Arbitrage Success Story
- At 26, Robert Rosenkranz developed a multi-dimensional arbitrage that generated 45% more after-tax income for Oppenheimer.
- He wasn't seeking approval but had ambition to own a firm like his mentor Leon Levy.
Risky Private Equity Gamble
- Robert Rosenkranz risked $400,000 liquid assets fully in a private equity deal, rejecting carried interest.
- After an initial loss, the second deal made $100 million, demonstrating his courage and self-confidence.
Old Fort Private Equity Deal
- Rosenkranz bought Old Fort for $18 million with $1.5 million cash plus debt.
- Sold off unwanted parts, paid debt, and grew the lawn and garden business to a $100 million sale.
