How to Build Wealth (And Survive Failure) with Anthony Scaramucci
6/29/202654 min
Wall Street veteran, SkyBridge Capital founder, broadcaster, author and former White House Communications Director Anthony Scaramucci, aka “the Mooch” sits down with Wilf for a candid conversation about the painful market lessons that shaped his 38-year career, his bold transition into the digital frontier, and the importance of focusing on the long term.
From the $14m he lost out on listening to Buffett over Bezos on Amazon, to how Trump took him to pieces on Brexit, and why he had to evolve from a crypto sceptic into a major institutional player, this is a grand lesson in learning from your mistakes, and coming out stronger for it.
Anthony has advice for younger investors – pay yourselves first, put that into the markets each month, and don’t get distracted by short term fluctuations. He acknowledges that early in his career he was too impetuous, and how these learnings have influenced his approach to SpaceX, which he owns and is not selling. His view: don’t bet against Elon Musk .
He also explains his position on blockchain technology and Bitcoin itself, and why, despite dismissing it initially, he now believes 90% of investors who actually "do the homework" will choose to own it.
The conversation then turns to career advice for young entrepreneurs and risk-takers, including the need for developing radical self-awareness, expecting to get your "ass kicked," and why you must never play the victim when things go colossally wrong.
Anthony’s new book All the Wrong Moves can be pre-ordered here: https://www.penguin.co.uk/books/476667/all-the-wrong-moves-by-scaramucci-anthony/9781847929235
Recorded Tuesday 23rd June 2026
0:00 Intro
3:35 Servant Leadership
6:30 Focus on very long term
12:37 Fear deflation more than inflation
15:57 SpaceX – long term holder
20:28 The case for blockchain & $BTC
28:12 $BTC still under-owned
31:46 Inflation vs innovation
37:31 Wall St vs Washington
40:31 Lessons from President Trump
45:26 UK too hard on itself
47:59 Take risk, expect failure
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Clips
Transcript preview
First 90 secondsAnthony Scaramucci· Guest0:00
And I remember being long and defiant and very wrong. You know, I, I had the worst year of my career, and so I have gotten things wrong. So I've been humbled- Yeah ... by life and humbled by markets, but I, I see the specter of deflation as being a forward trend that I'm more worried about than short-term inflation. And so I don't look at the near-term stuff as much as I used to, and I'm not as focused on it. I think, uh, I would caution younger investors that listen to your show to try to think way longer term. I think these are mistakes- Mm-hmm ... that I made in the early part of my career that I wish... H- haven't served me well. You know, too, too impetuous, uh, too knee-jerky. Selling at bottoms and, uh, buying at tops and doing all the classic mistakes that you'd expect from human nature. You know, if you're taking exogenous risk, and I had to take exogenous risk as a kid to get to where I am, expect that your ass is gonna get kicked.
Wilfred Frost· Host0:57
Mm-hmm.
Anthony Scaramucci· Guest0:57
And so don't be a baby about it, and don't play the victim. You know, when they fired me from the White House, I got torched by everybody. I got torched by the media, late-night television. Did I care? No. I went on those shows, faced the music, and never, never played the victim. So you gotta have that mentality- Mm-hmm ... if you're gonna take risk. If you're not comfortable with that, then don't do it.
Wilfred Frost· Host1:19
[upbeat music] Welcome to the Master Investor Podcast with me, Wilfred Frost, where we celebrate and learn from the success of the greatest investors, business