The James Altucher Show

"It must be embarrassing for the World Champion to lose to me - I feel bad for him!" said Hans Niemann, after the defeat of Magnus Carlsen on September 5, 2022. Carlsen's subsequent withdrawal from the Sinquefield Cup - the first in his career - followed by a cryptic tweet suggesting Niemann cheated, have put the chess world on edge.Five days later, Chess.com - one of the largest online chess sites - banned Hans Niemann from its tournaments after accusations arose that Niemann had cheated in online chess tournaments. Adding to the political optics, Chess.com is in the process of acquiring Carlsen's company, the Magnus Group.Today, we are gracious to have IM Ken Regan on the podcast to help unravel this situation and discuss his methodology for detecting cheating in the chess world. When the chess world suspects someone of having cheated in a tournament, Ken Regan is the expert who gets the call.Using a database of tens of thousands of top-level games, Kenneth Regan, himself an international chess master, has devised a program that can help determine whether a player is playing like a human or like a computer.A member of the Anti-Cheating Committee of the World Chess Federation from 2013-14, he helped write and edit guidelines to prevent cheating in professional chess. He continues to serve as a consultant to the committee and previously served as an expert witness for the French Chess Federation, the Bulgarian Chess Federation and other governing bodies of chess.Additional topics include:How does the chess rating system work? (4:44)How does Chess.com's Cheating Analysis System Work? (11:14)How did the pandemic affect chess skills among youth players? (22:57)Can chess be "Moneyballed"? (1:26:20)(Editor's note: Topic times don't account for sponsor ads and may appear a few minutes later in the episode on your podcast player)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David M. Rubenstein is Co-Founder and Co-Chairman of The Carlyle Group, one of the world's largest and most successful private investment firms. Established in 1987, Carlyle now manages $325 billion from 26 offices around the world. Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, and the National Gallery of Art. He is an original signer of The Giving Pledge and a recipient of the Carnegie Medal of Philanthropy and the MoMA's David Rockefeller Award.David returns to the show for a third interview with James to discuss his new book, How to Invest: Masters on the Craft, which pulls from his one-on-one interviews with the biggest names in finance, including  Ray Dalio, Marc Andreessen, Stan Druckenmiller, Sam Zell, Mike Novogratz, Larry Fink,  and Mary Callahan Erdoes.Topics include:What is the role of obsession in skill development? (04:03)Investment risk vs reputational risk (07:23)What are the most intriguing asset classes? (12:21)How much does an individual need to invest in distressed debt? (15:34)How important is the psychological component of investing? (21:26)Does the Federal Reserve actually know what to do about inflation? (25:19)Does the student loan forgiveness act counteract the Federal Reserve? (31:41)Value investing vs growth investing (35:41)How does David Rubenstein personally invest his money? (40:25)How do you protect downside risk? (51:36)(Editor's note: Topic times don't account for sponsor ads and may appear a few minutes later in the episode on your podcast player)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

You can't believe some of the pitches that we heard during our hedge fund days!  One of the funds that we managed almost got scammed out of 10's of millions of dollars! Also, do you think a hedge fund for crypto is possible?In this episode, Dan, Omid, and I talked about the craziest pitches we have heard, what it's like investing privately, and Omid's origin story into the crypto world after he quit!This will be the last episode of the Wall Street Insane, however, we will do another series on all the crazy stories like these!Listen to the episode and tweet at me @jaltucher or Jay, the producer, @jay_yow to let us know if you like this episode!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new books!Join the You Should Run For President 2.0 Facebook Group, where we discuss why you should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today, we're sharing James' recent interview on the RealVision podcast 'My Life in 4 Trades'.Hosted by Maggie Lake, My Life in 4 Trades is a weekly podcast featuring the brightest minds in the world of finance. Each guest shares insights on the extraordinary trades that transformed their careers and the trades that set them back.Here's how they describe their interview with James:"James Altucher has been to hell and back. On the morning of September 11, 2001, James was just three blocks away from Ground Zero when two hijacked airplanes flew into the Twin Towers. He was one of the few who witnessed both impacts, and that led to years of post-traumatic stress disorder. He also went broke and lost everything. But he rebounded and found new success. James talks to Maggie Lake about the importance of resilience and open-mindedness when it comes to trading and investing and why he writes down 10 ideas every morning."Topics include:James gives his trading background in 5-minutes (03:20)James discusses 9/11 and his trades in the ensuing weeks. (08:18)Preferred stock and arbitrage trading (21:36)Closed-end fund trading principles (24:04)James' debate with Nouriel Roubini on CNBC - July 4th, 2010 (28:40)The Choose Yourself Bitcoin store in 2013 (35:31)The importance of keeping an open mind (41:32)Mastery in investing techniques (45:15)(Editor's note: Topic times don't account for sponsor ads and may appear a few minutes later in the episode on your podcast player)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

"What is so deep in our core...that it's unchangeable in times of change?" - Jason FeiferEntrepreneur EIC Jason Feifer takes James through the stories and philosophies that resulted in his new book Build for Tomorrow: An Action Plan for Embracing Change, Adapting Fast, and Future-Proofing Your CareerIn this jam-packed episode, Jason shines a light on the tunnel vision that companies and employees force upon themselves and urges both to embrace the self-examination needed to thrive when market conditions change. Topics include:Who was the Emperor of San Francisco? (00:00:58)What are stories a more persuasive argument than data? (00:06:59)All about Build for Tomorrow: An Action Plan for Embracing Change, Adapting Fast, and Future-Proofing Your Career (00:17:20)The most important question of self-examination: What is it for? (00:23:59)Why should you write a single sentence that defines your mission? (00:35:33)Why did Jason write Build for Tomorrow? (00:38:30)How is Jason using the Skip the Line "Spoke and Wheel" technique? (00:40:59)The 3 types of stories you need to tell for consumer engagement (00:45:48)What is the real story of the demise of Blockbuster? (00:47:55)How can Jason's method of adaptation take risk into account? (00:56:01)Three questions to ask when preparing for change: What do I have, what do I need, what's available? (01:01:54)What are Jason Feifer's current answer to the three questions? (01:05:11)What advice did Jim Quik give Jason while writing the book? (01:11:40)What are Jason Feifer's current blind spots? (01:15:02)The importance of recognizing pivot points before you're forced to do so (01:25:22)(Editor's note: Topic times don't account for sponsor ads and may appear a few minutes later in the episode on your podcast player)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

"Politics makes people stupid," says James, an outspoken critic against buying into skyrocketing college tuition fees. James attended Cornell and has finished paying back his loans. Robyn chose not to go to college and pursued an entrepreneurial lifestyle. The two of them now have five college-aged children. Jay went to a private college but, as a foreign national, wasn't eligible for federal student aid.Today, our non-partisan co-hosts dissect the Biden administration's decision to cancel up to $20,000 in federal student loans for qualified individuals.Topics include:Robyn's new podcast: Moms and Stocks (04:54)Crypto fund fronted by Matt Damon accidentally refunds $10.5m to a woman instead of $100 (07:56)Is student debt forgiveness a moral hazard? (11:15)Is the taxpayer paying for the loan forgiveness? (13:40)Why Are Student Interest Rates Rising? - (18:01)Are colleges hedge funds with campuses? (19:19)Who is paying for the loan forgiveness? (21:29)Is the loan forgiveness fair or unfair? (23:25)Progressive vs. regressive taxation schemes (31:10)College enrollment rates based on household income (32:23)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Cult dominated the news cycle a couple of years ago, and the government has been talking about releasing UFO footages, and psychics, are they even real?In this episode, I was joined by Andrew Gold, the host of the award-winning podcast, On The Edge, a BBC journalist, filmmaker, and TV presenter, to talk about some absurd and insane things that he has to do while chasing the cult story, UFO story, interacting with a psychopath, and exorcism!We talked about if Will Smith's apology is sincere, how Andrew thought he might get murdered by a cult's priest, is Amanda Knox guilty, and more! Listen to the episode, and tweet @ me @jaltucher if you think this episode is fascinating!Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

You know, back in our hedge fund trading days, it was so stressful that Dan and I seriously thought about pivoting to selling Diet Pill on Television! after failing 9 of the other ideas, we eventually started StockPickr, which was eventually acquired by Thestreet.com. It is at that time, Omid wrote a 10-pages letter, and he quit me! We also talked about how we get connected to thestreet.com, how Jim Cramer crashed our website, how it was rebuilt and optimized, how Omid actually felt about the whole StockPickr and Thestreet.com's deal, and how I could never work in a corporate.Listen to the episode and tweet at me @jaltucher or Jay, the producer, @jay_yow to let us know if you like this episode!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

If you miss the conversation between General Spalding and me on the potential war that might happen between China, Taiwan, or the US, make sure you check out Episode 884: Will the US lose to China in the War!? with General Robert Spalding, it's one of the pemissitic episodes that I have done in years, and this episode is almost a sequel to the episode.In this episode, my business partner, Dan Kelly, and Omid Malekan joined me in this episode breaking down how we would trade and our strategy if the war actually breaks out between China and Taiwan, plus if somehow the US was involved.We also talked about how will Ethereum do after the merge, and if it will overtake Bitcoin at some point.Listen to the episode, and let me know what you would do if war between China and Taiwan breaks out!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nerdwriter's YouTube channel has helped me through the lockdown. I especially enjoy the video where he breaks down Louis C.K.'s joke about playing monopoly with his daughter, and how his daughter learned a valuable adult lesson from the game! I have watched that video over and over, more than 10 times! In this episode, I am fortunate enough to have the creator of Nerdwriter, Evan Puschak, an American video essayist, and journalist on to talk about his new book, Escape into Meaning: Essays on Superman, Public Benches, and Other Obsessions!It's such a fascinating book! We broke down some of the videos from Nerdwriter, especially Louis C.K.'s video, Darth Vader, Jerry Seinfeld, and also How Donald Trump Answers a Question!! We also talked about what drove Evan to write this book, how he grow his YouTube channel, and what motivates him to keep creating content!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook  ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.