This episode was originally aired on February 12, 2021.

Life isn't always black and white, and sometimes the gray is controversial. This week's guest firmly believes in staying true to himself, living by his grandmother's maxim: "What other people think of you is none of your business." In this episode, you'll hear that come to life. When asked to describe himself, he said gratitude, resilience, and enthusiasm. This is a man who now has his own unit of time: A "Scaramucci."

Anthony was a successful entrepreneur, financier, and political player well before stepping up to the podium as White House Director of Communications in 2017—for 11 days. Reflecting on this trajectory with surprising self-awareness, Anthony shares stories of the people and places that gave him the stomach to make mistakes, move past failure, and charge forward, living unapologetically big.

For Anthony, choosing risk and testing his resilience are central to being alive, and not at all contradictory to being a conservative institutionalist. A blue-collar-born elite—educationally, socially, and financially—Anthony speaks the vernacular of the person he's talking to. He knows who he is, but he keeps us guessing.

• (2:36) – Who is Anthony Scaramucci?
• (11:03) – Growing up in Port Washington
• (16:55) – Getting fired from the White House
• (19:01) – A "Scaramucci"
• (22:47) – Ruling over serving
• (32:01) – Betting on yourself
• (37:45) – Challenges for the average American investor
• (44:23) – Bitcoin funds for SkyBridge
• (51:18) – Acknowledging hypocrisy

Anthony Scaramucci is the founder and managing partner of SkyBridge Capital. Previously, he co-founded Oscar Capital Management, which was sold to Neuberger Berman LLC in 2001, and served as the Vice President in private wealth management at Goldman Sachs. Anthony was the White House Communications Director for a short period in July 2017 under President Trump. He has published four books: The Little Book of Hedge Funds, Goodbye Gordon Gekko, Hopping Over the Rabbit Hole, and Trump: The Blue-Collar President. He earned a bachelor's degree in economics from Tufts University and a Juris Doctor from Harvard Law School.

Eric Satz—entrepreneur, serial investor, lover of hot peppers— is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.

If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz on Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review on Apple Podcasts or Spotify. It helps others find the show.

Podcast episode production by Dante32.

Despite the 280-character limit, Brian Feroldi has found a way to utilize Twitter as a profound tool for sharing insight into financial health and taking a money mindset. Whether on social media, YouTube, or The Motley Fool, Brian is dedicated to discussing personal finance and investing in plain language that everyone can understand.

Brian Feroldi is a financial educator and writer focused on demystifying the stock market and promoting financial wellness. In addition to being featured on The Motley Fool, Brian recently published Why Does the Stock Market Go Up? in April 2022.

In this episode, Brian shares his conservative personal finance approach and how it enables his aggressive investment strategy, which includes his 3% rule and how his investments reveal what their positions should be in his portfolio. Brian discusses understanding the basics of the stock market and endorses index funds, dollar-cost averaging, and portfolio diversification. He also provides insight into the labor involved in trading individual stocks and their role in his investment portfolio. Later in the episode, Brian and Eric discuss educating your children about finance and the approaches that have worked in their households.

• (2:19) – Who is Brian Feroldi?
• (4:57) – The college years
• (7:36) – Resisting lifestyle creep
• (9:44) – Not all debt is equal
• (12:00) – Buy now, pay later
• (16:34) – Index funds
• (20:00) – Dollar-cost averaging
• (21:02) – Human nature vs. the market
• (24:46) – Understanding share price fluctuations
• (27:41) – The future is unpredictable
• (31:27) – Enjoying the process of investing
• (32:46) – The Motley Fool and David Gardner
• (35:05) – Portfolio diversification
• (39:25) – Going above 3%
• (41:31) – Boston and wonton soup
• (43:41) – A natural-born saver
• (46:20) – Teaching children about personal finance

Eric Satz—entrepreneur, serial investor, lover of hot peppers—is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.

If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show.

Podcast episode production by Dante32

A pair of headphones tangling in the spokes of a bike is one of the more unique inciting moments of an entrepreneurial venture. While his entrepreneurial spirit would lead him to Hong Kong and scouting factories in Southern China, it was Sheel Mohnot's experience working in India with Kiva that would greatly influence his career as an investor. Impacted by the individuals he met, Sheel discovered a passion for investing in resilient and tenacious people.

Sheel Mohnot is a seed-stage fintech investor, co-founder and GP of Better Tomorrow Ventures, and founder and GP of 500 Fintech. Inspired to "work on hard problems'' by renowned Professor C.K. Prahalad during his MBA at University of Michigan, Sheel has created and led a number of companies and served as a personal angel investor.

In this episode, Sheel discusses the key lessons he has learned in fintech investing about dilution, recognizing resilient founders, and the reality of investing in an unsuccessful company. Sheel shares stories of his early ventures and insights into his current projects, including his collaboration with Jake Gibson on Better Tomorrow Ventures.

• (3:14) – A father's journey
• (8:56) – High school and beyond
• (13:10) – Indicorps and Kiva
• (18:11) – Returning to business school
• (21:50) – The first entrepreneurial venture
• (29:36) – FeeFighters
• (38:54) – 500 Fintech
• (47:08) – Investing in the jockey
• (51:41) – Better Tomorrow Ventures

Eric Satz—entrepreneur, serial investor, lover of hot peppers— is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.

If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show.

Podcast episode production by Dante32