Opinion
Scaramucci: Separating migrant children at the U.S. border is barbaric
“Doesn't reflect well on the American society, whether they're breaking the law, not breaking the law, don't separate people from their kids. Ok, that's a barbaric thing, and we're better than that as a society. Ok, so there's nobody can debate me on that, I ca…”
Prediction Not checkable as stated
Scaramucci bets firm and personal assets that crypto pays off by 2028
“If I stay invested and my long-term thesis is correct, my clients are going to be unbelievably well-rewarded, and this is probably a really good time to buy. I'm willing to bet, obviously, the firm and my personal assets that five years from now, we're going t…”
Opinion
Scaramucci: Trump Is the Wrong Messenger to Lead the Republican Party
“I felt he was obviously the wrong messenger for the movement of the Republican Party. You've got smarter, younger, more effective people, more confident, less insecure people to take the mantle of leadership in the Republican Party.”
Assertion Supported
Scaramucci: CFIUS blocked the SkyBridge sale on dubious national security grounds
“The Genworth deal just gets approved by CFIUS, but the Skybridge deal doesn't, and it's not approved for national security reasons, ok?”
Opinion
Scaramucci: I objected to Italian stereotyping inside the Trump White House
“I didn't like all the Italian stereotyping that was going on inside the White House, by the way. That's one thing I totally disliked. I didn't think that was fair.”
Opinion
Scaramucci: The hedge fund industry is full of arrogant, selfish people
“There's a lot of rich, arrogant jerk-offs in the hedge fund industry. You personally don't need to be one. And I don't mean you, because you're actually not one, but I'm talking about your listeners. Don't be an arrogant, selfish hedge fund jerk-off.”
Disclosure
SkyBridge's FTX deal was priced at five times revenues
“I think in the transaction that we consummated with Sam, I think it was at five times revenues. That seemed to be where the market was at the time. I didn't ask for six times revenues. I didn't ask for five and a half times revenues. Seems like that seemed to …”
Disclosure
Sam Bankman-Fried paid $45M for 30% of SkyBridge with an 85% option
“He bought 30% of the company. It's in the paper now, so it's okay to talk about it. He paid forty-five million for 30% of the company. It was an understanding that he had a right over three years to buy 85% of the company at some point.”
Opinion
Binance's CZ did not expect his FTT sale to completely collapse FTX
“And again, this is my personal opinion. I don't think CZ thought he was going to collapse FTX. I think he thought he was brushing Sam back. I think he was sending him a message that what you're doing is unsportsmanlike conduct, and the result of which I'm goin…”
Disclosure
Scaramucci is negotiating to buy back FTX's 30% stake in SkyBridge
“I'm in the process of negotiating with the bankruptcy people the repurchase of the 30% stake that Sam bought in the company”
Insight
Scaramucci: Wall Street is the essential arterial system of capitalism
“Wall Street is the arterial structure of the capitalist system. It's literally the design of where capital can flow. You want to go into fracking, you come to Wall Street, you raise money. You want to build a new search engine, your name is Google, you come to…”
Prediction Not checkable as stated
Scaramucci: Wall Street will remain public pariahs for another 15 years
“To my Wall Street brethren, brothers and sisters that are listening to this podcast, I got bad news for you got about another 10 to 15 years to go, Before the cycle will swing back and you'll fall back into favor, but you're still going to be treated like pari…”
Prediction Not checkable as stated
Scaramucci: Rising interest rates will trigger a hedge fund renaissance
“The macro trade of just being long, everything is going away. The micro trade of security analytics, hedge fund investing, looking for strategies that reduce volatility, or have some level of non-correlation will come back into vogue. And so, for me, I think t…”
Insight
Scaramucci: Delaying firing an employee is never the right decision
“Waiting to fire somebody has never been the right decision”
Insight
Scaramucci: Asset management behaves like a cyclical fashion business
“Well, my pet peeve is that a lot of people think we're in the investing business, but I sort of think we're in the fashion business, and so the skirts come up and down in our industry, so you have to be very, very careful about that”
Insight
Scaramucci: Countries that easily fire workers ultimately hire the most
“The country that can fire the most people will hire the most people, ok, and that's a little bit ironic these socialists don't understand that, but, If you can't fire anybody, like in France, then guess what? You're not going to hire anybody, because if you hi…”
Insight
Scaramucci: Taking a chainsaw to Reince Priebus was a massive mistake
“So the minute I got the job, I started the chainsaw, put the hockey mask on, and I went right after, you know, the rancid man, you know, and it was my, and I want to take him out because of what he did to me, and that was absolutely in hindsight, a mistake. I …”
Disclosure
Scaramucci: SkyBridge allocated 10% to 15% of its portfolio to crypto
“Or you can do what we did, which is a 10 to 15% position in the portfolio, which is sizable in a portfolio like ours.”
Disclosure
Scaramucci passed on Uber at a $50M to $100M valuation
“Although I did miss Uber. Travis came to see me, And I think Uber had a 50 or a hundred million dollar valuation at the time, and I was like, wait, wait, what? This is an unknown black car. It's going to pick up my daughter. It's going to drive her around New …”
Insight
Scaramucci: Unyielding conviction, not ignorance, destroys investors
“It's not the stuff that you do not know that's going to hurt you in the world of investing. That's not what's going to hurt you. It's the stuff that you think you know with absolute clarity and absolute axiomatic fact, ok? It's your unstinting conviction and b…”
Disclosure
Scaramucci: I plan to hold onto SkyBridge Capital forever
“So I decided that I'm gonna just ride this thing into the sunset, Ted, ok? I'm just gonna hold onto this thing forever.”
Assertion Not checkable as stated
Scaramucci: I have zero Form U4 or ADV violations and no personal trading account
“35 years in the business now, knock on wood, no U four violations, no ADV part one or part two. Issues. Don't have a personal trading account.”
Disclosure
Scaramucci: SkyBridge bought its first Bitcoin around $16,000 to $17,000
“I think we bought our first Bitcoins in the 16 to 17,000 zone, which ironically is where it is right now.”
Assertion Contradicted
Scaramucci: Jason Miller, not me, is the shortest-serving communications director
“And so now, I'm known as the former communications director for Trump, shortest serving communications director, but I'm actually not, because Jason Miller is the shortest serving communications director. He served for one day.”
Anthony Scaramucci