John Arnold is widely regarded as the greatest natural gas trader of all time, but in his late 30’s he walked away from it all and turned full-time philanthropist. He and his wife have committed to strategically give away most of their vast fortune in their lifetime and are already doing so at a staggering pace of nearly a half billion dollars a year. In this episode, John explains his quest to address the most challenging social programs plaguing the country, including criminal justice, health care policy, and K-12 education. John also shares self-identified attributes that contributed to his success in natural gas trading and how those same traits have translated to his philanthropic aspirations. We discuss: • John’s background, upbringing, and early entrepreneurial tendencies [3:50]; • John’s time and rise at Enron [16:45]; • Characteristics • that made John an exceptional natural gas trader and how they translate to his philanthropic work [27:30]; • The collapse of Enron [35:00]; • The success of John’s hedge fund, and his early interest in philanthropy [40:30]; • The infamous 2006 trade that brought down Amaranth Advisors [55:45]; • John’s analytical prowess and emphasis on fundamentals [1:02:15]; • The decision to become a full-time philanthropist and the founding of Arnold Ventures [1:09:00]; • Education—John’s quest to fundamentally change K-12 education [1:18:45]; • Strategic philanthropy—preventing problems by attacking root causes and creating structural change [1:24:30]; • The criminal justice system—structural changes needed to address mass incarceration, policing practices, and recidivism [1:31:45]; • Re-imagining prisons to reduce recidivism [1:49:00]; • US health care policy—John’s focus on drug prices, and the severe consequences of not making system changes [1:56:15]; • Climate change—the bipartisan role of John’s foundation [2:13:45]; • Advice for young adults interested in philanthropy [2:17:45]; and • More Learn more: https://peterattiamd.com/ Show notes page for this episode: https://peterattiamd.com/JohnArnold Subscribe to receive exclusive subscriber-only content: https://peterattiamd.com/subscribe/ Sign up to receive Peter's email newsletter: https://peterattiamd.com/newsletter/ Connect with Peter on Facebook | Twitter | Instagram.

Release date

Lydbog: 24. august 2020