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Anthony Scaramucci

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139
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2015-05-02
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2015-05-02
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  1. “No, exactly. Starbucks' card on there. But my point is, Richard Branson, big commodity last 50 years. Air travel. Look at what he did to air travel, the colors, the change. He turned those planes into an experience for the customer.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “He turned a commodity, coffee that you and I went to the landmark diner in Manhasset and bought for 25 cents in a Greek diner coffee cup. He turned that into an experience. I walk in there now. It's got earth tones on the floor. There's a green apron. I'm speaking in their language about ordering something that I used to pay 25 cents for that I'm spending $4.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “It's just on solid state. Well, yeah, and they've also built it into the iPhone. But Apple Computer, with those five commodity products, Barry, and everybody in the world is making those products, particularly everybody in Asia. Apple Computer has turned itself into the largest market capitalized company because they understood how to take a commodity. And turn it into an experience. You walk into their stores, you're on their app store, you're in their iBook store, you're on their iTunes store, all of a sudden you're in their ecosystem, you feel hipper, you feel cooler. You're 15 to 18-year-old daughter wants that phone versus the others. And they turn a commodity into an experience. Howard Schultz”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Products that make a smartphone, a tablet. They used to make an MP3 player. They have a hardtop and a laptop. Now they're going to have a watch.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “But I'll tell you something that may or may not surprise you. For my career, I'm more interested in the Steve Jobs's. I'm more interested in the guys that the Richard Bransons or the people I call the Holy Trinity of Disruption, which would be Ted Turner, Howard Schultz, and Richard Branson. Why am I so interested in those guys? And you have Branson this year. I do have Richard this year. They are breaking new ground. I'll tell you something. I'm in a commodity business. Fund of funds management. There's several hundred of those sorts of things. Who else is in a commodity business? Well, there's a company that makes five.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Phil Fisher is Ken Fisher's dad's her investments. But Phil was the real champion, and this is Charlie Munger's persuasion of Mr. Buffett, who was buying cigar butts that were half-smoked, and he was buying them at a discount, picking them up off the street, so to speak. He convinced Mr. Buffett to start buying growth-orientated companies at fairer prices. And don't be super concerned about that huge value orientation. Make sure you're in a great business that has a mode around it that can excel. And Warren Buffett and Phil Fisher and these guys were more focused on how companies perform and not necessarily how stocks trade. They're more focused on investing as opposed to day trading. And so those guys are a huge influence to me.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Well, you know, the classic investors like Buffett or Munger or Phil Fisher, I think everyone's going to talk about those guys. Phil Fisher.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “Person's willingness to help you, and I'm in the camp that most people are good natured, and they can go out of their way to help you, they will. Michael Milken, who I don't talk to every day, but I sort of feel like I can pick up the phone, God forbid, if there was a health issue in my family. Michael would be there. One of my partners had a prostate cancer. I picked up the phone and called Michael. He spent an hour on the phone with my colleague. He's a great man. I've tried to be a charitable donator to his healthcare charities. He's a guy that if I had to make a big decision, I would call him and I would ask him for his advice. And so my message to our listeners is if you want to make a friend, ask for the favor. Push the envelope a little bit.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “I've never seen a tree hit the moon, so be careful because markets are cyclical, markets get exuberant. He was a very, very wise, earthy guy that really shaped the culture. Him and John Whitehead really shaped the culture of Goldman Sachs and really explained to people that you're going to do a lot better if you can work on the team, figure out what your strengths and weaknesses are. Don't be insecure. Don't try to go after the credit, if you will, but pass the ball. And so I look at those people as great mentors of mine. I've probably left out 10. I don't want to make this like an Academy Award speech. I probably left out 10 other people. But what we know about life, you can't do it on your own. You got to ask people for help. Ben Franklin once said several hundred years ago, if you want a friend, you got to ask the person for a favor. And what typically happens is once you ignite that.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “And you better figure out who you are. Okay. And I think that was a very interesting thing of life and not getting too full of yourself. The other thing you used to say is that trees do not grow to the sky.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “Pay huge tribute to him. John Weinberg, the legendary John Weinberg, who I had the opportunity to be his private banker for a few years, he was the CEO of Goldman. He retired in 1990, had some great aphorisms. I'll remember the rest of my life. One was some people grow Barry and other people swell.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “Well, I mean, many of them are still very close friends of mine. Bob Cash Rignano, who ran the Goldman Sachs training program, Bill Groover, who ran the training program before Bob, who's now a professor at Bucknell University, I would tell you that Bob Matza and Jeff Lane are very close to me. Those are the guys that were from Newberger Berman that bought my company. Andrew K. Bozar Jr., who was the co-founder of Oscar Capital, but really the senior partner there. I was his junior partner. I would say without Andrew K. Bozar Jr., I don't think I would have had the courage, Barry, to leave Goldman Sachs when I did. I always dreamt about having my own business, but I think Andy provided me with the security and the financial stability, and I sort of knew that going into partnership with him because he's such a naturally good person would lead to good things for me. And so I have to.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “I'm not sure It's pretty substantial. I'm not sure, but they've done a masterful job that that place got started in 1998, or I could be wrong, 97 or 98. And so it's almost 20 years old, and they've done a masterful job of helping Michael and his family with their investments.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “The first couple of investors were Michael Dale, Merrill Lynch, Lehman, there were a few others like that, the Kuwait Investment Organization. So we had a really good stable list of investors. But Michael is no longer investor because we're out of that seating business. And he did a masterful job with a group of partners building his own family office, which is arguably one of the best family offices in the world. And so he doesn't really need Skybridge to run his money. But we've remained friends. He's a very, very good guy, incredibly charitable, him and his wife.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  15. “Deals he was an original investor in Skybridge. Speaking of agreement. Yeah, it's a lot worse than me. Great anchor investment and I'm very, very grateful for him for being an original anchor alongside of Merrill Lynch and alongside of Lehman Brothers. But so Mary.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  16. “And they got the full load of the allocation, which ended up being a great thing for them in their investment portfolio. So it's an interesting story, but it goes back to something you and I know, and it's a universal truth about business. Business is about relationships. And business is about, as Buffett says, it takes 20 years to build your reputation. But start with the principles of fairness, start with the principles of doing the right thing for the other guy in the room and not trying to take the last nickel out of something. And you'll see that your career will grow and people will make bets on you.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  17. “Somewhat politically incorrect because I got in there and roughed it up a little bit. You guys can't do this because of that. Cannot do that. And so, you know, and that was probably not the most politically astute thing for me to do, but I really felt I needed to be a strong advocate for those guys that got in early.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  18. “Number like that, well, they used to. And it was a 10 bag or a more 20 bagger for them. They did 10% of the deal. And now you're really getting me to remember the whole thing. And so once they got 10% of the deal, like you're saying about Wall Street, they were a big name anchoring the deal. And then people started saying, wait a minute, there might be something here. And then orders started flowing. And then you've worked in these places. And so have I. And so what happened was they were anchoring the deal and the capital markets people wanted to cut them back on the allocation. And so that was a little bit of a pushing and shoving match and somewhat political. You wouldn't have”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  19. “Enough to get convince everybody else. You really did do your research because that's 22 years ago. But Bill looked at the deal. He said, well, the financials are pretty crummy, but the story is good. I said, well, forget about the story. This guy can execute, and this business, like most technology businesses, are going to have fits and starts, but he's got a great forward game plan. And so, you know, and the credit goes to Bill. At the end of the day, it's one thing to serve something up, but this guy had to pull the trigger and make the investment.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  20. “But he was at Georgia. They were the lead. They were the lead. It was JP Morgan Investment Manager. Bill's working at Creft now. He's a tremendous guy. But that was...”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  21. “Anchor the deer. Anchor the deer. If it goes south It's wrong also Is my research right? Well, you know, it's so funny you say that because the guy is working at TIA Craft now. His name was Bill Regal.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  22. “And I said, you know what? He's going to turn this thing around. And I believed it. And so I definitely went out there to try to convince my clients of that.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  23. “But it's not really me being self effacing because you have to understand the machinery and the capability of Goldman Sachs today and in 1993. If I was not at the firm, that deal would have happened with or without me. And I'm not saying that in a self-effacing way. I'm just talking about the wonderful organization and the people, the depth of the bench at Goldman Sachs. There's no doubt about that. But I will say this. I took a big liking to Michael Dell and I admired Michael Dell. And I remember teasing him. I said, geez, you know, you did everything wrong. I did everything right. And I remember him looking at me. What do you mean by that, Anthony? I said, well, I listened to my mom and went to college. I listened to my mom. I went to law school. You dropped out. You got into a fight with your parents over dropping out. You were building computers in your dorm room. I was selling t-shirts, okay? You went on to be worth a good job.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  24. “nineteen ninety one I started there on August 14th, 1989. And the reason I got fired was three reasons. Super terrible at the job, number one. Number two, we were going into a real estate recession, and the firm was making extreme cutback. And the combination of me not being, even though I was working very hard, I didn't have the skill set. And the recession... They gave me a pink slip. They gave me an $11,000 severance check, and they told me I had to leave, and I was devastated. I can imagine.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  25. “Or McKinsey Consulting. And even better than that because the real estate market was super hot to be a real estate investment banker. And so, you know, I wanted to be the kid at the Harvard graduation at the Cocktail Party to tell people I got the hottest. And the coolest job. And so I went and sought that job, got the job, went to that party and bragged about it with my amazing insecurity at that time, went to work at Goldman Sachs, and 18 months later I was summarily fired. Really? I got fired from Goldman Sachs.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  26. “And so, anyways, my parents didn't care whether it was Harvard Law School or Harvard Law School. They wanted their son to be a lawyer. And so when I told my mom I wanted to quit law school like a Jewish mother, Barry, the Italian. Yeah, the Italian, I'd forget about it. It was a very histrionic event. I said, no problem. I'll finish law school. And then I was desperately seeking a job. And so I read out several articles about Goldman. But I made a classic career mistake that young people make is that I went for what I thought was the coolest and the hottest job. Maybe that's a job at Google today. Maybe that's a job at Facebook. But back in our day, the hottest, coolest job was investment banking.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  27. “That I wanted to leave law school. Now, when I was going to Harvard, my mother thought it was Hartford Law School. So when we were packing the car. She said, we're going to Harford. I said, No, Ma. Boston. I said, we're going to Cambridge with it. She says, no, no, no. Isn't Harvard Law School in Hartford? I said, no, no, it's Harvard and Harvard are very different.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  28. “And I remember thinking to myself, oh my God, I'm not well suited for this. And so I went to Harvard Law School thinking I was not going to be a lawyer. Thanksgiving Day 1986, I told my parents.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  29. “I said, well, yeah, sort of. And she was like, oh, okay. He comes out, lovely man. I said, sir, I desperately need a job. I've got, you know, financial aid to help me with school, not financial aid, more like loans. Right. I said, can you give me a job this summer as a paralegal? I'll do anything. So, come into my office, son. We sat down, we had a conversation. He says, Okay, I'll pay you $8 an hour. I says, sir, could you make it $10? He looked at me. Are you kidding me? I said, no, I really need the money. Could you make it $10? He said, yeah, I paid $10 an hour. I work 70 hours a week. This was back in the day where Continental Airlines was buying people's express, which is a Newark-based discount airliner. And I worked on that merger all summer.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  30. “And I said, okay, I'm going to put my resume. I typed it up on a Panasonic typewriter. I took the number four train down to Wall Street. I rode the elevator up to the 28th floor. Nobody stops you. No security, walked in there, and I had a list of Harvard alums that were there. And so I was like, hey, is Worthington Babscombe the 32nd here? And the woman said yes. I said, well, I'm Anthony Scaramuchi. I'm here to see you. Is he expecting you?”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  31. “Because it took me Pretty cool. Before Well, this is another classic mid 80s story. You can't do this now because of the post 9 11 security, but I decided that I was going to be a Wall Street lawyer. And so once I put the deposit down at Harvard, I went to the replacement area, I asked for their placement book, not knowing a lot about how the world works. I thought Wall Street lawyers lived on Wall Street. And so I opened up the book. I looked at number one, Wall Street, which is the old Irving Trust building. It's now a national landmark. It's a law firm there by the name of Hughes Hubbard and Reed.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  32. “That I could ever want or need. So very simplistically, Barry, I applied to seven law schools. And I got into Harvard. Harvard's down the block from Tufts. I went down there and made the deposit.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  33. “My brother's a couple years older than me. He looked in the Baron's book and he said, Dad, this thing is most selective. I don't know how we're going to get in there. He said, well, you both have good grades. My friend Billy said he went there and he loved it. That's where you're going to school. I said, well, I don't know. Is it that easy? We both applied. My brother is a couple years older than me. He applied, got into Tufts University, liked it. And I said, okay, so I applied to a couple of schools, got into Tuffs University. And now what do you want to do with your career? Well, you know what? I had no idea. I read in a magazine article that lawyers of Crevass Swain and Moore in 1985 were making $65,000 a year. I said, oh my God, it's about what my dad is now making. And I said, I can get out of law school and make almost as much money as my dad and have this incredible life, I guess. I thought $65,000 a year was more.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  34. “And the gentleman's name is Billy Tommaso. He's passed on now. He's a terrific guy. My father came home one night and said, you and your brother, you're going to Tufts University. We thought it was spelled T-O-U-G-H. We had no idea what it was. My brother.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  35. “Well, I had an interesting background. My parents never went to college. You're a real, come from a middle class. Come from a middle class family. Yeah, I would never disrespect my parents by telling you I grew up poor because I did not grow up poor. We were resoundingly in the middle class. We had plenty of food, clothing, air conditioning, heat. My dad was a very. Yeah, we did actually. That's why my hair's so straight. But we had a narrow casted view of the world. I didn't take the SAT prep at Stanley Kaplan. I didn't really have a good idea of what was going on for college placement. My dad was working at a place called Gotham Sand and Stone on Long Island. He built a relationship with a gentleman that had gone to Tufts University.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  36. “Well, Liz, it's been a blessed career, and you know as a fellow entrepreneur that a lot of your success is providential. You certainly have to work hard. You have to relate to people well. But at the end of the day, you get a couple lucky breaks too that helps your career slope.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  37. “Track you information. They can find me at ascaramucci at Skybridge Capitol.com. They can also go to Wall Streetweek.com and they can toggle to prosper at Wall Streetweek.com. That's all the viewer emails or commentary about the website. I read every one of those. And so I try to respond to them as well.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  38. “And comes back. Well, we showed a great scene from him in 1996 being interviewed by the late Lewis Rukaiser, talking to Steve, should he dismantle the company or should he try to grow it? And Steve was gung-ho. He said, I'm coming back to create a new spirit of innovation. We were 10 years ahead of our competitors back in the day. My goal is to get us 10 years ahead of our competitors again. It's a brilliant commentary about what you need to do in life. Think big or go home.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  39. “Company or Book Edison. Look at Sam Walton, 46 years old, two failed stores started what became Walmart when he was 46. And so the greatest, many of the stupendous things about our country, but one of the greatest things is the culture to accept risk takers, to accept failure. It's the reason why Facebook is invented here. Google is invented here. Apple started here.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  40. “It's a great human. Failure in redemption. I think it's the classic American thing. One of the big advantages our country has over these other countries is we accept people who are willing to take enormous amounts of risk. They can fail, dust themselves off and restart.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  41. “Frank Abignelli, I'm sorry. That's pronounced his name, but that was a fascinating speech. It was a great story about redemption. It was a great story about the mistakes that he made in his life and how he tried to set his life right. Sensing the theme here.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  42. “So we're really trying to bring people who we think other people in our industry want to hear from and learn from. And so we've also cross-section this thing. So we've had people like Al Pacino. We've had Oliver Stone who we did the movie with.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  43. “Go big. And so I told the guys we're going to go after President Clinton and see if we can get him. He had a guy working for him by the name of Doug Band, a very nice guy. And we signed him up pursuant to dates that work for the president. And I will tell you very upfront, he made our conference because he credentialed the type of speakers that we wanted to get. And so it was easier to get President Bush. It was easier to get Governor Romney. It was easier to get Chairman Ben Bernanke, Secretary Rice. We've got most of the Secretaries of Defense. We've had General Petraeus. We're bringing General Keith Alexander this year.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  44. “Because in 2009, we had a smaller conference, four or five hundred people. We then said, okay, let's go big. And that's the magic of life. You got to think really big.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  45. “Yes Super, super popular guy, not only here in the United States, but globally. But I will tell you this President Clinton made our conference.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  46. “Understanding. So, by the way, Bill Clinton walked the listeners the halfway like me. Remember, I'm a hedge fund guy, so I'm obviously a social pariah. So I want the viewers, the listeners to sort of like me a little bit.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  47. “Are discretionary assets went from a billion dollars under management to $9.3 billion in the five-year period of time. And because there was a void in the conference space, our conference also has done reasonably well over that period of time.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  48. “The entire fund of funds business and I blinked and gulped and probably blanched white and said, oh my God, how am I going to pay for that? But I looked at him with a poker face and said, you're on. I'd like to buy that business. And so it was at a desperation. It was a Hail Mary pass late in the fourth quarter. But all of that money that I earned from the sale of our first business at Newberger Berman, I liquidated those assets and I brought them to bear to buy the thing from Citibank. I told my oldest son, whatever inheritance you thought you were getting from your dad, well, you're now long skybridge through your eyeballs. You better hope I don't blow up the bridge. And so we got that deal done on the 30th of June 2010, brought 24 people over. It's five years later. 23 of those 24 people are still with us. We've added more personnel.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  49. “Well, no, at that time, there was $1 billion of discretionary money in that portfolio. I went to Michael Corbett, who's become a personal friend. He's a terrific guy. He was running city holdings at the time. I wanted to buy his seating business. Another big lesson to our listeners, think way bigger than that. He looked at me and said, hey, I can't sell you that seating business. I can sell you.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  50. “Nobody else got the plastic mouth brace that I've just had molded for my teeth because I'm grinding in the middle of the night. I've been told by many of my former colleagues at Goldman and Lehman that you're going out of business like Lehman. You're done. And they were probably right.”

    2015-05-02 · Masters in Business · SkyBridge Anthony Scaramucci: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source