Where Are The Missing Billionaires...Victor Haghani
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 29 December 2023
⏱️ 56 minutes
🧾️ Download transcript
Summary
Victor Haghani explores this topic in his new book of the same name. This was a fascinating discussion about wealth and the transference of wealth through generations.
We also discuss where these uber wealthy went. Join us for this fun holiday special.
For more information, visit the show notes at https://moneytreepodcast.com/where-are-the-missing-billionaires-victor-haghani
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Megan Gorman | The Wealth Intersection
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name's Kirk Chisholm and I'll be your host. So today I'm joined with the returning guest, Victor. How you doing today, Victor? |
| 0:19.0 | Excellent. Thanks very much. |
| 0:23.3 | Great. Well, some of you have been listening to the show for a while. |
| 0:26.4 | Probably remember Victor. It was a great interview. I think it was two years ago. |
| 0:31.4 | And we brought him back because he has no book out. There's some great topics we wanted to talk to him about. |
| 0:43.2 | So for those who are not familiar with Victor, Victor, tell us a little bit about your background. I've lived in a bunch of different places. I started life in New York, lived in Iran for a little while. My dad was Iranian, lived in London, |
| 0:48.1 | went to university there, came back to the States, worked for Solomon Brothers, then went back to London for a long time for over 25 years where I had my kids. I was a founding partner of LTCM, the hedge fund. And since 2001, |
| 0:57.3 | I had about a 10 years sabbatical. And then about a dozen years ago, I started a wealth advisory, |
| 1:03.5 | financial advisory practice that kind of grew out of what I was doing for myself and my family, |
| 1:08.6 | kind of the family office turned into a wealth advisor. |
| 1:12.0 | And it's called Elm Wealth. And that's what I've been doing for the last dozen or so years. |
| 1:15.7 | For those of you who don't remember, a long-term capital management was a famous episode. |
| 1:21.7 | I don't know if you want to maybe talk a little bit about that, Victor, just so people understand |
| 1:26.1 | and kind of like what happened, |
| 1:27.9 | and at least from your experience. |
| 1:30.1 | Roughly the 25th anniversary of LTCM, and as they say, time heals all wounds. |
| 1:35.3 | You know, I feel pretty comfortable talking about it two and a half decades later. |
| 1:39.6 | You know, there's been a lot of water under the bridge and all kinds of other things since then. |
| 1:44.0 | You know, there's been a couple of books written about LTCM. I think those books were good |
| 1:47.7 | books, but they were written too soon after the events, I think a little bit more time and |
... |
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