#818: John Arnold with Dr. Peter Attia — The Greatest Energy Trader of All Time on Lessons Learned, Walking Away from Wall Street, and Reinventing Philanthropy
The Tim Ferriss Show
In this special episode, my friend—and fan-favorite guest— Dr. Peter Attia takes the mic as guest host. Peter sits down with legendary trader John Arnold , widely considered the greatest energy trader of all time. Today, through his foundation Arnold Ventures , John applies the same rigorous thinking to some of America’s toughest social challenges—criminal justice reform, healthcare policy, and K–12 education, to name just a few. This interview originally aired on Peter’s excellent podcast The Drive . You can check it out at PeterAttiaMD.com , or subscribe to The Drive wherever you get your podcasts. This episode is brought to you by: Vanta trusted compliance and security platform: https://vanta.com/tim ($1000 off) Eight Sleep Pod Cover 5 sleeping solution for dynamic cooling and heating: EightSleep.com/Tim (use code TIM to get $350 off your very own Pod 5 Ultra.) Wealthfront high-yield cash account: https://Wealthfront.com/Tim (Start earning 4.00% APY on your short-term cash until you’re ready to invest. And when new clients open an account today, you can get an extra fifty-dollar bonus with a deposit of five hundred dollars or more.) Terms apply. Tim Ferriss receives cash compensation from Wealthfront Brokerage, LLC for advertising and holds a non-controlling equity interest in the corporate parent of Wealthfront Brokerage. See full disclosures here . Timestamps: [00:00:00] Start. [00:05:37] Peter Attia's intro: who is John Arnold? [00:08:38] John's background, upbringing, and early entrepreneurial tendencies. [00:21:16] John's time and rise at Enron. [00:33:40] Characteristics that made John an exceptional natural gas trader and how they translate to his philanthropic work. [00:41:10] The collapse of Enron. [00:46:46] The success of John's hedge fund, and his early interest in philanthropy. [01:02:03] The infamous 2006 trade that brought down Amaranth Advisors. [01:08:28] John's analytical prowess and emphasis on fundamentals. [01:15:13] The decision to become a full-time philanthropist and the founding of Arnold Ventures. [01:25:03] Education — John's quest to fundamentally change K-12 education. [01:30:36] Strategic philanthropy — preventing problems by attacking root causes and creating structural change. [01:37:50] The criminal justice system — structural changes needed to address mass incarceration, policing practices, and recidivism. [01:55:07] Re-imagining prisons to reduce recidivism. [02:02:27] US health care policy — John's focus on drug prices, and the severe consequences of not making system changes. [02:20:00] Climate change — the bipartisan role of John's foundation. [02:23:52] Advice for young adults interested in philanthropy. [02:30:52] Parting thoughts. * For show notes and past guests on The Tim Ferriss Show , please visit tim.blog/podcast . For deals from sponsors of The Tim Ferriss Show , please visit tim.blog/podcast-sponsors Sign up for Tim’s email newsletter ( 5-Bullet Friday ) at tim.blog/friday . For transcripts of episodes, go to tim.blog/transcripts . Discover Tim’s books: tim.blog/books . Follow Tim: Twitter : twitter.com/tferriss Instagram : instagram.com/timferriss YouTube : youtube.com/timferriss Facebook : facebook.com/timferriss LinkedIn: linkedin.com/in/timferriss Past guests on The Tim Ferriss Show include Jerry Seinfeld , Hugh Jackman , Dr. Jane Goodall , LeBron James , Kevin Hart , Doris Kearns Goodwin , Jamie Foxx , Matthew McConaughey , Esther Perel , Elizabeth Gilbert , Terry Crews , Sia , Yuval Noah Harari , Malcolm Gladwell , Madeleine Albright , Cheryl Strayed , Jim Collins , Mary Karr, Maria Popova , Sam Harris , Michael Phelps , Bob Iger , Edward Norton , Arnold Schwarzenegger , Neil Strauss , Ken Burns , Maria Sharapova , Marc Andreessen , Neil Gaiman , Neil de Grasse Tyson , Jocko Willink , Daniel Ek , Kelly Slater , Dr. Peter Attia , Seth Godin , Howard Marks , Dr. Brené Brown , Eric Schmidt , Michael Lewis , Joe Gebbia , Michael Pollan , Dr. Jordan Peterson , Vince Vaughn , Brian Koppelman , Ramit Sethi , Dax Shepard , Tony Robbins , Jim Dethmer , Dan Harris , Ray Dalio , Naval Ravikant , Vitalik Buterin , Elizabeth Lesser , Amanda Palmer , Katie Haun , Sir Richard Branson , Chuck Palahniuk , Arianna Huffington , Reid Hoffman , Bill Burr , Whitney Cummings , Rick Rubin , Dr. Vivek Murthy , Darren Aronofsky , Margaret Atwood , Mark Zuckerberg , Peter Thiel , Dr. Gabor Maté , Anne Lamott , Sarah Silverman , Dr. Andrew Huberman , and many more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .