Invest Like the Best with Patrick O'Shaughnessy
Nikhil Kalghatgi – Moonshot Investing - [Invest Like the Best, EP.82]
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Show Notes
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My guest this week helps me complete the first trilogy of guests on the podcast. His name is Nikhil Kalghatgi. Along with past guests Ali Hamed and Savneet Singh, Nikhil is a partner at the asset management firm CoVenture. If you liked those two conversations, you will love this one—it is somehow even more wide-ranging than the first two. Nikhil is the CEO of CoVenture Crypto, but he ended up there because of an overarching investing style that he calls moonshot investing, which we explore right from the start and in great detail. He is obsessed with productivity and happiness, and we spend a long time on those topics. One of the most interesting experiments I’ve heard about on the podcast is his Happiness project, for which he interviewed more than 100 of the wealthiest people in the world. The lessons he gleaned from those conversations are very helpful, and I won’t soon forget the lesson related to sacrifice. We also discuss asteroid mining, networking, shared experience, and philosophy. Oh and crypto currencies. Nikhil’s take on crypto has always been refreshing to me. In fact the first time I met him he was throwing cold water on a room full of enthusiastic crypto investors. Within crypto we discuss business opportunities, mining, and how new retail and institutional capital will affect the asset class.
Hash Power is presented by Fidelity Investments.
Please enjoy this sparkling conversation with Nikhil Kalghatgi.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
– (First Question) – What moonshot investing is
– Creating sustainable differential investment advantage
– Assessing the market for moonshots
– Types of people suited for moonshots
– The Happiness Project
– Commonalities among successful people
– The importance of humor in life
– Recipe for a good joke
– The night Patrick and Nikhil met
– His perspective on the world of venture capital
– What did Nikhil learn from his time at SoftBank
– Craziest thing Nikhil has done
– What he took away from his time in military intelligence
– The idea of manufactured serendipity
– Nikhil’s approach to investing in cryptocurrency and what he finds interesting about it
– How Nikhil reconciles the excitement of crypto with the lack of tangible asset
– The timeline of retail and institutional investors becoming more involved in crypto
– Exploring their liquidity strategy
– What happens if regulators shut down the cryptomarkets
– The role of miners in crypto and how that might change moving forward
– What is the frontier of crypto mining
– What’s the most compelling rabbit hole in crypto
– How would the original creators of crypto currency feel about the current state of the market
– What Nikhil sees as the value proposition for the whole ecosystem.
– Kindest thing anyone has done for Nikhil
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
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