#1219 Scott Patterson | CHAOS KINGS: The Men Who Profit Off Disaster

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 6 July 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott Patterson is the author of a brand new book, 'Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis.' In this book, he breaks down two of the greatest traders in history, Nassim Taleb and Mark Spitznagel. At Universa hedge fund, which both of them have set up and run, they are returning over 100% annually based on audited returns. They have been doing that for over a decade, one of the great runs, but the strategy they employ is even more fascinating.

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Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

Transcript

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0:00.0	What's up everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, and tell your friends and family about the podcast.
0:24.1	My goal is to help millions learn from the world's most interesting people.
0:28.0	So let's get in to today's episode.
0:30.5	Scott Patterson is the author of a brand new book, Chaos Kings, How Wall Street Traders Make Billions in the New Age of Crisis.
0:38.5	In this book,
0:45.2	he breaks down two of the best traders in history, Nassim Teleb and Mark Spitznagle. Now, when I say there's some of the best traders in history, you may be scratching your head wondering what I
0:49.0	mean. But at Universa, which both of them have helped set up and run, they are returning over 100%
0:55.8	annually based on audited returns.
0:58.3	They've been doing that for over a decade.
1:00.0	It's one of the great runs.
1:01.4	But what's more interesting is the strategy that they employ is not going long equities.
1:06.0	Instead, they buy out of the money options and wait for big market crashes.
1:11.4	This book is fantastic. And this conversation with Scott is even better.
1:15.7	Here is my conversation with Scott Patterson.
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1:49.2	Anthony Pompliano runs Pomp Investments.
	...

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