Scarce Assets E012: Anthony Scaramucci – Conviction, Humility, & Resilience
June 11, 2024
On this episode of Scarce Assets, a show presented by Onramp, SkyBridge Capital founder Anthony Scaramucci discusses conviction and resilience in markets — from 1990s Wall Street and Goldman Sachs to bitcoin's institutional adoption flywheel, the career risk advisors face in recommending bitcoin, and the psychology of position sizing.
SkyBridge Capital founder Anthony Scaramucci joins Andy Edstrom and Jesse Myers to talk conviction, humility, and resilience: navigating the volatility of new technologies, lessons from Goldman Sachs and 1990s Wall Street, being humbled by markets, the flywheel of institutional bitcoin adoption, career risk, the psychology of position sizing, and the resilience behind his book From Wall Street to the White House and Back.
Chapters
0:00 - Introduction to Anthony Scaramucci 4:26 - A message from Onramp 4:56 - Navigating the volatility of new technologies 9:27 - Goldman & Wall Street in 90s 15:39 - Being humbled by financial markets 23:30 - The flywheel of institutional adoption 30:15 - Onramp Multi-Institution Custody 31:04 - The shifting political & regulatory landscape 34:04 - Career risk associated with bitcoin adoption 41:59 - Psychology of position sizing 48:47 - How to cultivate resilience in life 54:26 - Outro
Frequently Asked Questions
Who is Anthony Scaramucci?
Anthony Scaramucci is the founder of SkyBridge Capital and a former White House communications director. The episode draws on his Goldman Sachs and 1990s Wall Street experience (9:27) and his book on resilience.
What does Scaramucci say about institutional bitcoin adoption?
He describes a flywheel in which each wave of institutional adoption reduces the career risk of the next (23:30), and discusses the shifting political and regulatory landscape around bitcoin (31:04).
What does the episode cover on position sizing?
Scaramucci discusses the psychology of position sizing — how conviction, volatility, and humility interact when sizing a position in an asset like bitcoin (41:59). This is his perspective, not investment advice from Onramp.
What book does the episode discuss?
From Wall Street to the White House and Back, Scaramucci's book on resilience, which anchors the closing conversation on cultivating resilience in life (48:47).
This episode is editorial and educational content. Onramp does not provide tax, legal, or investment advice. Bitcoin is volatile and may lose value. Past performance does not guarantee future results.