"In a crisis, there's always opportunity. And so the opportunity for me was I was able to buy Citibank's alternative investment business, which transformed SkyBridge. We went from a $400 million shop to a $2 billion shop." - Skybridge Capital's Anthony Scaramucci

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Takeaways

• Scaramucci discusses the significance of diversification and advises against putting all money in one asset class, advocating for a balanced approach between traditional investments and alternatives like crypto.
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• He believes in the transformative potential of blockchain technology for finance and advocates for a strategic allocation to digital currencies in investment portfolios.
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• He highlights the importance of resilience and finding opportunities in crises. He stresses the value of adopting a long-term perspective in investments, especially during bear markets, and encourages investors to capitalize on market corrections.
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• He offers practical advice, emphasizing regular and disciplined investment as a path to financial success. He encourages investors to focus on quality assets and compound interest over time for steady wealth accumulation.
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• He also speaks to entrepreneurs, stressing the necessity of embracing risk and failure as part of the entrepreneurial journey.

Bio

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio.

Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman in 2001. Earlier, he worked in Private Wealth Management at Goldman Sachs & Co.

In 2022, Scaramucci was ranked #47 in Cointelegraph’s Top 100 Influencers in Crypto and Blockchain. In 2016, he was ranked #85 in Worth Magazine’s Power 100: The 100 Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s New York Financial Services “Entrepreneur of the Year” Award. Anthony is a member of the Council on Foreign Relations (CFR) and a board member of the Federal Enforcement Homeland Security Foundation. He is the author of five books.

Scaramucci served on President Donald J. Trump’s 16-person Presidential Transition Team Executive Committee, and in 2017 briefly served as Chief Strategy Officer of the Export-Import (EXIM) Bank and White House Communications Director.

Scaramucci, a native of Long Island, New York, holds a Bachelor of Arts degree in Economics from Tufts University and a Juris Doctor from Harvard Law School.

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Full Transcript

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