"Who is America’s best-known banker? That would be Jamie Dimon. But who is the richest? That would be Andy Beal, with an estimated net worth of $9 billion." Friend-of-the-show Frederik Gieschen joins us for an impromptu conversation about his article) on the life and work of Andy Beal, the richest banker in America. Important Links:
- High Roller: Lessons from America’s Richest Banker)
- Frederik’s Twitter)
- Frederik’s Substack)
- Frederik’s previous episode)
- The Internet Contrarian)
Show Notes:
- The Arena, the Maze, and the Labyrinth
- Why do myths endure?
- “You can’t do a good deal with a bad person”
- America’s richest banker: the Andrew Beal story
- Agreeableness, contrarianism, and accountability
- Thinking like a banker vs. thinking like an investor
- The random buzz generator: How to fight linear thinking
- The alchemy of success
- Bubbles: When heterogeneity becomes homogeneity
- “The higher you rise in a hierarchy, the less good the information you get.”
- Deterministic vs. probabilistic thinking
- The difference between being an investor and being in the investing business
- The return of Andrew Beal
- The importance of agility
- MORE!
Books Mentioned:
- The Cosmic Trigger trilogy; by Robert Anton Wilson
- Aesop’s Fables; by Aesop
- Breath: The New Science of a Lost Art; by James Nestor
- The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time; by Michael Craig
- What Works on Wall Street; by Jim O’Shaughnessy
- The Snowball: Warren Buffett and the Business of Life; by Alice Schroeder
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