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Infinite Loops

Aug 31, 2023

"Who is America’s best-known banker? That would be Jamie Dimon.
But who is the richest? That would be Andy Beal, with an estimated net worth of $9 billion."

Friend-of-the-show Frederik Gieschen joins us for an impromptu conversation about his article on the life and work of Andy Beal, the richest banker in America.

Important Links:

Show Notes:

  • The Arena, the Maze, and the Labyrinth
  • Why do myths endure?
  • “You can’t do a good deal with a bad person”
  • America’s richest banker: the Andrew Beal story
  • Agreeableness, contrarianism, and accountability
  • Thinking like a banker vs. thinking like an investor
  • The random buzz generator: How to fight linear thinking
  • The alchemy of success
  • Bubbles: When heterogeneity becomes homogeneity
  • “The higher you rise in a hierarchy, the less good the information you get.”
  • Deterministic vs. probabilistic thinking
  • The difference between being an investor and being in the investing business
  • The return of Andrew Beal
  • The importance of agility
  • MORE!

Books Mentioned:

  • The Cosmic Trigger trilogy; by Robert Anton Wilson
  • Aesop’s Fables; by Aesop
  • Breath: The New Science of a Lost Art; by James Nestor
  • The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time; by Michael Craig
  • What Works on Wall Street; by Jim O’Shaughnessy
  • The Snowball: Warren Buffett and the Business of Life; by Alice Schroeder