My Life in 4 Trades - How Bill Browder Took on Putin’s Oligarchs

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 15 October 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s nothing ordinary about Bill Browder’s life. After earning an MBA from the Stanford Graduate School of Business in 1989, he moved to Russia with the intention of becoming the “biggest capitalist in Eastern Europe.” Bill’s dream manifested with the opening of the Hermitage Fund, which became the best-performing hedge fund in the world. In this captivating episode of My Life in Four Trades, the venture capitalist turned political activist joins Maggie Lake to share the distinct highlights and harrowing downsides to his success: taking on and taking down business oligarchs of the old Soviet republics, the tragic death of his lawyer Sergei Magnitsky, and his emergence as Vladimir Putin’s No. 1 enemy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	So we bought all the databases, we could then compare those databases with all these anecdotes
0:06.7	that we had heard over lunch, dinner, tea, coffee, dessert, and we came up with the most
0:11.1	remarkable economic discovery I've ever seen in my entire life.
0:15.4	Which is that between 1996, 1999, the management of gas prom had stolen oil and gas reserves
0:22.5	equal to the size of Kuwait.
0:27.7	Hi everyone, welcome to another edition of My Life in Four Trades.
0:30.9	Joining me today is Bill Browder, CEO of Hermitage Capital, and head of the Global Magnusky
0:36.6	Justice Campaign.
0:38.0	Enjoy the conversation.
0:40.9	Hi Bill, welcome to My Life in Four Trades.
0:43.4	Great to see you.
0:44.4	Yeah, same here.
0:45.4	So before we jump into your trades, and I have a feeling they might be a little out of
0:50.0	the ordinary of our normal trades, but before we do that, why don't you tell us a little
0:56.0	bit about your background?
0:57.4	Where did you grow up and what were the early years like for you?
1:00.1	Well, my trades are going to be out of the ordinary and my background is out of the ordinary.
1:05.3	So I grew up in Chicago, born in Princeton, New Jersey, but I come from a very unusual family.
1:13.8	My grandfather was the head of the American Communist Party in between 1932 and 1945.
1:21.5	And so when I was going through my teenage rebellion in the 1970s, I was trying to figure
1:26.5	out a way of rebelling from this family of communists and growing my hair long, it grew
1:31.3	into an afro.
	...

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