Nikhil Kalghatgi Moonshot Investing - [Invest Like the Best, EP.82]

Published: April 10, 2018, 9:30 a.m.

b'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\\u2014it 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\\u2019ve 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\\u2019t soon forget the lesson related to sacrifice. We also discuss asteroid mining, networking, shared experience, and philosophy. Oh and crypto currencies. Nikhil\\u2019s 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.\\xa0\\n Hash Power is presented by Fidelity Investments.\\n Please enjoy this sparkling conversation with Nikhil Kalghatgi.\\n \\xa0\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n 2:42 \\u2013 (First Question) \\u2013 \\xa0What moonshot investing is\\n 4:41 \\u2013 Creating sustainable differential investment advantage\\n 9:30 \\u2013 Assessing the market for moonshots\\n 12:15 \\u2013 Types of people suited for moonshots\\xa0\\n 13:42 \\u2013 The Happiness Project\\n 17:45 \\u2013 Commonalities among successful people\\n 25:15 \\u2013 The importance of humor in life\\n 17:16 \\u2013 Recipe for a good joke\\n 28:00 \\u2013 The night Patrick and Nikhil met\\n 29:17 \\u2013 His perspective on the world of venture capital\\n 33:26 \\u2013 What did Nikhil learn from his time at SoftBank\\n 34:52 \\u2013 Craziest thing Nikhil has done\\n 40:27 \\u2013 What he took away from his time in military intelligence\\n 46:10 \\u2013 The idea of manufactured serendipity\\n 47:13 \\u2013 Nikhil\\u2019s approach to investing in cryptocurrency and what he finds interesting about it\\n 53:23 \\u2013 How Nikhil reconciles the excitement of crypto with the lack of tangible asset\\n 58:10\\u2013 The timeline of retail and institutional investors becoming more involved in crypto\\n 1:02:43\\u2013 Exploring their liquidity strategy\\n 1:04:10 \\u2013 What happens if regulators shut down the cryptomarkets\\n 1:09:48\\u2013 The role of miners in crypto and how that might change moving forward\\n 1:10:43 \\u2013 What is the frontier of crypto mining\\n 1:12:31 \\u2013 What\\u2019s the most compelling rabbit hole in crypto\\n 1:16:23 \\u2013 How would the original creators of crypto currency feel about the current state of the market\\n 1:20:01 \\u2013 What Nikhil sees as the value proposition for the whole ecosystem.\\n 1:21:00 \\u2013 Kindest thing anyone has done for Nikhil\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'