4.8 • 186 Ratings
🗓️ 1 May 2024
⏱️ 45 minutes
🧾️ Download transcript
Since founding Citadel in 1990, Ken Griffin has become one of the most successful investors of all time. In this episode, Ken shares his journey from starting Citadel after university, to leading the world's most successful hedge fund. He also shares valuable advice on politics and maintaining resilience in a volatile economic landscape.
The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga and Erik Dengerud, with input from portfolio manager.
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0:00.0 | Very welcome to the podcast in Good Company. |
0:03.0 | Today we are joined by Ken Griffin, one of the best investors of all time. |
0:08.0 | Now Ken started his journey in finance from his Harvard dorm. |
0:13.0 | He founded Citadel, which has a great ambition |
0:16.0 | of being the most successful investment firm of all times. |
0:19.0 | Now, that's the kind of ambitions that we like. |
0:22.4 | So, very welcome, Ken. Great to have you on. It is a pleasure to be here today. Thank you so much for |
0:27.6 | taking the time to do this interview. Fantastic. Now, what motivated you to go into finance in the first place? |
0:43.1 | So I've always been interested in the stock market for reasons I don't fully understand. |
0:48.1 | In third grade, I wrote a paper where I set forth that I wanted to learn how the stock market works. I've been on that |
0:57.0 | journey now for almost 40 years and I still feel like I'm at the beginning of the learning curve. |
1:03.7 | The equity markets around the world are just awash and interesting and complex problems, |
1:08.5 | the intersection of business models, earnings, and then the psychology of |
1:13.0 | investors. It's really an endless journey of learning trying to appreciate how to value businesses |
1:19.1 | and how to be a successful investor in the stock market. It is just the most complex game in the |
1:26.2 | world. Now, when you started back at your Harvard dorm, what was your vision? |
1:30.5 | What do you think this could be? |
1:32.5 | Well, what's interesting is in my college dorm as a freshman, I bought two put contracts |
1:39.1 | and home shopping network. |
1:40.8 | And in some sense, I owe my career to good journalism. |
1:43.9 | There was an article in Forbes by |
1:45.6 | Gretchen Morgensen where she set forth a thesis as to why Home Shopping Network was the meme stock of |
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