Invest Like The Best
Episode 82 Moonshot Investing
Invest Like The Best

Episode 82: Moonshot Investing

Moonshot Investing

Nikhil is a partner at the asset management firm CoVenture and the CEO of CoVenture Crypto. We cover asteroid mining, philosophy, and cryptocurrencies.

This episode is brought to you by:

Fidelity Investments. Fidelity Investments is a company that is constantly researching and experimenting with emerging technologies like crypto assets and blockchain to improve the lives of their customers. Fidelity provides a comprehensive set of products and services to individual investors, employers and financial advisory firms. For more information, please visit fidelity.com.

[00:02:42] – What moonshot investing is

[00:04:41] – Creating sustainable differential investment advantage

[00:09:30] – Assessing the market for moonshots

[00:12:15] – Types of people suited for moonshots

[00:13:42] – The Happiness Project

[00:17:45] – Commonalities amongst successful people

[00:25:15] – The importance of humor in life

[00:17:16] – Recipe for a good joke

[00:28:00] – The night Patrick and Nikhil met

[00:29:17] – His perspective on the world of venture capital

[00:33:26] – What did Nikhil learn from his time at SoftBank

[00:34:52] – Craziest thing Nikhil has done

[00:40:27] – What he took away from his time in military intelligence

[00:46:10] – The idea of manufactured serendipity

[00:47:13] – Nikhil’s approach to investing in cryptocurrency and what he finds interesting about it

[00:53:23] – How Nikhil reconciles the excitement of crypto with the lack of tangible asset

[00:58:10] – The timeline of retail and institutional investors becoming more involved in crypto

[01:02:43] – Exploring their liquidity strategy

[01:04:10] – What happens if regulators shut down the cryptomarkets

[01:09:48] – The role of miners in crypto and how that might change moving forward

[01:10:43] – What is the frontier of crypto mining

[01:12:31] – What’s the most compelling rabbit hole in crypto

[01:16:23] – How would the original creators of cryptocurrency feel about the current state of the market

[01:20:01] – What Nikhil sees as the value proposition for the whole ecosystem.

[01:21:00] – Kindest thing anyone has done for Nikhil

Moonshot Investing

Introduction

Patrick
My guest this week helped me complete the first trilogy of guests on the podcast, his name is Nikhil Kalghatgi. Along with past guests, Ali Hammad, and Savneet Singh, Nikhil is a partner at the asset management firm CoVenture. If you liked those two conversations, you'll 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 spent a long time on those two 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.

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