John Arnold – Why The Greatest Natural Gas Trader Walked Away To Pursue Philanthropy | #386

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 26 January 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 386, we welcome our guest, John Arnold, arguably the best natural gas trader of all-time and now one of the largest philanthropists in the US, giving away almost half a billion dollars a year. In today’s episode, we start with John’s rapid rise at Enron and later launching his own fund, Centaurus Advisors, which posted eye-popping returns and led him to become the youngest billionaire in the US in 2007. We talk about the mindset that helped him become a successful trader, and even touch on the time he took the other side of Amaranth Advisors in a famous trade. Then we hear why, before the age of 40, he decided to wind down his fund, focus solely on philanthropy, and commit to giving away most of his fortune during his lifetime. We talk about some of the problems he’s tackling around public finance, election reform and health care, and hear what has surprised and frustrated him along the way. ----- Follow Meb on Twitter, LinkedIn and YouTube Check out Meb's Deals for discounts from a lot of companies For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- This episode is sponsored by Masterworks. Masterworks is opening the doors to top-tier, blue-chip art investments to everyone. Visit masterworks.io/meb to skip their wait list. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser. Better
0:17.4	investing starts here.
0:19.4	Meeth Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.4	Did it industry regulations, he will now discuss any of Cambra's funds on this podcast.
0:27.1	All opinions expressed by podcast participants are solely their own opinions and do not reflect the
0:30.8	opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit cambria Investments.com.
0:36.4	What's up everybody?
0:40.4	We've got a huge episode today.
0:42.3	Our guest is arguably the best
0:43.9	natural gas trader of all time and now one of the largest philanthropists in the
0:48.1	United States giving away almost half a billion dollars a year. In today's episode we start with our guest
0:54.3	Rapid Rise at Enron and later launching his own funds and Taurus Advisors which
0:58.8	posted eye-popping returns and let him become the youngest billionaire in the US in 2007.
1:04.3	We talk about the mindset that helping to become a successful trader.
1:07.1	He didn't even touch on the time he took the other side of Amaranth Advisors in a famous trade.
1:11.4	Then we hear why.
1:12.2	Before the age of 40, he decided to wind it all down,
1:15.4	focused slowly on philanthropy and commit to giving away most of his fortune during his lifetime.
1:20.3	We talk about some of the problems he's tackling around public finance, election reform, and health care,
	...

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