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#775June 30, 20251:05:45

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

About This Episode

Mike Novogratz shares his journey from becoming a Goldman Sachs partner to reaching billionaire status at Fortress and later founding Galaxy Digital. The conversation explores his philosophy on risk-taking, the importance of pattern recognition in trading, and how to recover from high-profile personal and financial setbacks.

Episode Description

Want Sam's playbook to turn ChatGPT into your executive coach? Get it here: https://clickhubspot.com/etb Episode 722: Sam Parr ( https://x.com/theSamParr ) sits down with Mike Novogratz ( https://x.com/novogratz ) about risk tolerance and coming back from massive losses.

Show Notes

  • 0:00Mike’s first million
  • 8:37Starting Fortress
  • 13:55$30M to $2.3B
  • 25:28Operating system for life
  • 35:41Being early on crypto
  • 40:26Risk tolerance

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Key Takeaways

1

Develop an 'internal algorithm' for decision-making that combines massive data intake with intuitive pattern recognition to gain a competitive edge in any market.

2

Practice extreme resilience by viewing failure not as a reflection of character but as a learning opportunity to get back up and start a new chapter.

3

Focus on building high-trust relationships by consistently doing what you say you will do, which is more important to investors than winning every single time.

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Quick Stats

Duration1:05:45
Guests1
Ideas Discussed0
Topics5