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We Study Billionaires - The Investor’s Podcast Network

RWH026: Wealth & Health w/ Jason Karp

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 23 April 2023

⏱️ 121 minutes

🧾️ Download transcript

Summary

In this episode, William Green talks with Jason Karp, a prodigiously talented investor & entrepreneur whom he also profiled in his book, “Richer, Wiser, Happier.” Jason founded Tourbillon Capital Partners, where he managed $4.5 billion. He then quit the hedge fund business & created HumanCo, a holding company that invests in the health & wellness sector. Here, he speaks with extraordinary candor about his relentless quest for financial & professional success, & how his obsession with overachievement almost destroyed him.


IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

04:27 - How Jason Karp switched from underachiever to “hyper-neurotic overachiever.”

09:32 - How his obsession with productivity devastated his health.

25:01 - How he transformed his health, healing diseases that seemed incurable.

35:34 - What he learned about how to eat well for health & longevity.

53:13 - Why it’s helpful to “confuse your body” with random stressors.

54:32 - How the best investors succeed by deferring gratification.

1:09:17 - How Jason simplifies his life to reduce the impact of “decision fatigue.”

1:13:37 - How he designed his hedge fund’s offices to promote productivity & good health.

1:25:08 - What’s helped him most in dealing with his mental health challenges.

1:25: 25 - How he came to be suicidally depressed at the pinnacle of his investment career.

1:28:24 - How he thinks about money, family, happiness, & fulfillment.

1:29:24 - Why founding a health & wellness conglomerate brought him a new level of joy.


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.9

Hi there, I'm really excited to introduce today's guest, Jason Cup, who's one of the most

0:08.2

interesting and thoughtful investors I've ever interviewed.

0:12.0

At first glance, Jason is the ultimate overachiever.

0:15.9

As an economic student at Wharton, he came in the top four in his class.

0:20.6

The same time, he was an exceptional athlete to compete as an academic or American and

0:26.4

all Ivy squash player.

0:28.3

After graduating summer cum laude from college, he became an extremely successful investor,

0:33.6

racking up superb returns as a portfolio manager at high profile firms like SAC Capital.

0:40.2

He then founded his own investment firm, Turbion Capital Partners, and launched one of the

0:45.2

hottest hedge fund startups in history.

0:47.9

At Turbion, he rapidly attracted more than $4 billion in assets, and he got off to such

0:53.7

an impressive start that he won the institutional Investor Award for emerging hedge fund manager

0:59.4

of the year back in 2015.

1:02.7

It all sounds pretty glorious and almost effortless rise to success, but under the surface,

1:08.8

the story was a whole lot darker and more painful.

1:12.8

As you'll hear in today's episode, Jason was so relentlessly driven and intense that

1:18.6

he almost destroyed himself both physically and emotionally.

1:22.9

When I interviewed him for my book, Richard Weiserhappier, he told me that he'd been clinically

1:27.6

depressed during the last few years that he worked at Turbion, and that it felt as if his

1:33.2

soul was decaying because trading stocks seemed relatively hollow and meaningless to him.

1:39.6

After a couple of years of poor performance, he took a radical step, returning his investors

...

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