An Exciting Update from Raoul

Published on
January 16th, 2019
4 minutes

An Exciting Update from Raoul

Presentations ·
Featuring Raoul Pal

Published on: January 16th, 2019 • Duration: 4 minutes

As part of our mission to democratize finance, Real Vision is now beginning to offer about 20 percent of our content to non-subscribers for free. In this update, Raoul explains what drove the decision, and speaks to what it will mean for subscribers. He also provides a sneak preview of some of the new shows that Real Vision has in the works. Finally, he asks subscribers to use this opportunity to spread the word about Real Vision to their friends.


  • DF
    Dominic F.
    25 January 2019 @ 22:58
    What would be awesome Raoul is a segment called 'Myth Busters'. The sort of things that you guys and other 'financially sophisticated' players know exist and work around as part of what you consider just part of the game. Unsophisticated people get sucker punched by this stuff all the time and for you guys to open our eyes to this would be invaluable in allowing the average person to understand things better. Whether its the language used by the industry that are there to confuse us, or actual practices that the unwary may avoid altogether. I find that there are so many interested parties that won't or simply cannot talk about their industry in this way that it keeps the gap between sophisticated and unsophisticated as wide as ever. These segments could come in the form of anecdotes complied at each interview about one example that each interviewee would like to BUST in their particular area of expertise without stepping on the bosses toes of course. Even your comment about "The Dow dropped 1000 points" as a pointless indicator might be a simple example. Happy to flesh it out if you are interested. Cheers :-)
  • JP
    Janusz P.
    19 January 2019 @ 21:32
    In my opinion, people are getting overboard with that „free content”. Please remember to evaluate the RV proposition on it’s value to you, not on what they may presenting to others for free as a platform marketing tool. One way to look at it is that if that free material does it’s job as promotional tool, it will bring in more subscribers and therefore allow RV to grow which might result with even more material. Another way to look at the very same thing would be to ask yourself: would you like RV to spend portion of their budget (that comes from subscription fees) on ads marketing their platform OR maximize content with the funds on hand and use some of that content (that will be produced anyways) as a marketing tool without inferring additional costs? I also want to say, that I can’ t blame Raoul and the team for doing what they are doing. Whether I like or not, if I were to put myself into their shoes I think that would be the exactly what I would do. Whether they want to create subscription based or switch to ad based service OR whether they ultimately plan to grow RV in order to sell it or IPO it, they are doing pretty much what needs to be done from the business stand point. Now whether I like it or whether that’s what I „hoped” for is a totally different matter. I think that I, like many others, wanted to believe in the vision of democratising financial news but that’s just a pipe dream. Allow me to make an analogy to describe the problem: it’s like wanting pharmaceutical company to deliver great drugs at affordable (cheap) prices forgeting that on the other side there are people that want to maximize returns on $. So think of all the issues and incompatibilities between these two groups that are possible... as I said earlier, can’t blame RV for the steps they are taking. With all that being said, there is also the hard truth: the new content brought in as an extension to the original one, is very often much lower in quality. From the production cost point of view it doesn’t matter whether you make an hour with K.Bass or S.Druckemiller as opposed to couple or so trade idea segments with some newsletter sellers aka analists. But the value of the end product is going to be dramaticaly different. The first one is a timeless masterpiece, the latter is garbage and temporary in nature. Now I have to be fair though: as Raoul have said many times, the new content is in addition to the classics we are used to so if we don’t like new stuff we can just go back to what we used to watch for the same price and skip the additional one. Also, I’m sure a lot of people were/are asking for trade ideas type shows because thats what people usually do. They want to be told what and where to buy, where to sell, where to exit. But in all fairness shouldn’t they be told that it is not how the markets and trading works? I have to say that I’m always on the lookout for some great timeless pieces on RVTV. I’m also curious how the platform’s evolution works out for the founders and separately for us, the viewers. On one hand we have access to some increadible material, on the other hand there is more and more (majority nowadays) content that comes from pundits and individuals that show up only because that’s another marketing tool for their small fund or newsletter/advisory service. But frankly, what is the difference then from the regular financial tv? I can get all of that on Bloomberg plus much more, including up to date info. Now, when I’m watching Druckenmiller, Bass (and many many other great individuals) on RVTV they are always presenting something without any hidden agenda. They are to be watched because they are worth listening to as opposed to presenting those individulas that come in to brag about something for free (just mention their service or fund name) as typically done on any TV. Anyways there are some strategic decisions (which I’m sure were already made) regarding which path to go content wise. While I clearly don’t like the stuff I mentioned above (somehow I can smell someone trying to sell me shit from a mile away) I have to say that I stay open minded and curious where it goes and how RV evolves. I’m mindfull of the fact that perfection does not exist and I’m aware that it’s hard to match perfectly the interest of the viewers with the company owners’. But to follow RVTV subscribes I want to say, that sweating over the 20% free content should be least of your worries. And if you have time to worry about that, it’s taking your precious energy away from the markets or other interesting things in life. All the best to Rvtv founders and follow subscribers.
  • TC
    Ted C.
    19 January 2019 @ 16:07
    It is great to hear that you are adding Real Vision University type programming. I have been suggesting this since I joined a year ago or so. I need a better understanding of a framework to analyze the macro Investing environment. I loved Raoul’s video on how the PMI Index is such a good predictor of GDP. Another example outside of RV is Ray Dalio’s How the Economy Works video. A series on Global Macro Analysis 101, 102, etc. would be awesome! Thank you!
    • TC
      Ted C.
      19 January 2019 @ 16:11
      I just wanted to add that the Think Tank section of RV does have some content along this line. I think it can be enhanced and put into a series type format that builds on each piece - 101, 102, etc.
  • JP
    John P.
    17 January 2019 @ 06:55
    I’m really looking forward to the “real vision university” segments. I did not take any business classes in college and want some quality instruction in the basics so I can better grasp your more complex content.
    • MS
      Matt S.
      18 January 2019 @ 17:23
  • AF
    Antonio F.
    16 January 2019 @ 17:02
    I'm really satisfied with RV and really excited about the new content coming out. From the perspective of giving people the tools to better manage their money, it could perhaps be a good idea to include series more focussed on "financial advise" as opposed to "investment advice". Things looking at tax, setting up trusts, when to do it, why to do it, inheritance planning, etc. All the investment content in RV is great, but I feel I lack all that background knowledge about how to manage finances better as opposed to how to invest better.
    • ma
      mary a.
      16 January 2019 @ 21:24
      Don't forget insurance products!
    • MS
      Matt S.
      18 January 2019 @ 17:15
      Good idea Antonio...
  • MS
    Matt S.
    18 January 2019 @ 17:13
    Finally! Real Vision University.... been waiting for this news for ages! Excellent, bring it on!
  • SR
    Steve R.
    18 January 2019 @ 03:34
    As a subscriber from the beginning I loved the "three pieces of content a week". Every one was worth watching. I couldn't wait for the next one. I learned something new from each and every one. I watched everything. In the early days my knowledge expanded hugely. But as with all subject matters, you reach a plateau in terms of your knowledge. I now find myself gaining incrementally less and less from each video. That's not because each video is any less valuable, its just the content adds incrementally less and less to my own personal knowledge - which is actually a massive testament to the quality of the early content on RV! Most interviewees talk in general terms about core concepts like diversification, risk management, position sizing, etc. On one hand why would the interviewees give away their edge in terms of the real/practical details behind these key aspects of investing? But on the other hand, there are only so many ways to say the same thing in general terms. Everyone raved about the Stanley Druckenmiller interview, but for me personally I didn't get as much as others as I had learned/already knew most of what he said from previous videos. I was actually quite disappointed, probably because it was so over-hyped. Having more legendary investors say the same things in general terms doesn't really add that much (IMHO). So I find myself getting less and less from every video I watch and trying to limit my viewing as I don't have time to watch a 90min video searching for that 60 seconds where I 'might' learn something new. BUT, what I really DO want, is more detailed content on how to actually structure trades and investments, which instruments to use and why. Some real deep dive content in this area to me is one of the missing pieces. As others have indicated too, I'd rather pay more for less (content) and get quality over quantity. Just my two cents worth.
    • TS
      Timothy S.
      18 January 2019 @ 05:24
      Suggestion: take a look at "Master Profit Plan"-Your 5-Step Trading Plan Workbook by Vadym Graifer.......$9.99 Kindle......Has 6 parts: 1. Trading philosophy 2. Trading Psychology 3. Creating your trading system 4. Trading tools 5. Practical trading 6. Trading plan samples.......A good basic top down guide to developing a trading plan that matches your individual interests, capabilities and psychology.
  • DS
    David S.
    18 January 2019 @ 00:13
    As you suggested, I have the option to watch all or some of the videos. Keep working on your business as you want to deliver it. I still find plenty of content that I like learn from. (It is interesting when some of the long-format videos came out, subscribers were complaining about not getting enough trade information.) I also tried to do a thumbs down on some of the comments, but it did not work. The thumbs up and down may not be reflective of subscriber’s intentions if it is not working correctly. Thanks for all the hard work and effort you have put in so far. I am happy with the videos that I want to watch. This too will pass. DLS
  • ML
    Mathieu L.
    18 January 2019 @ 00:05
    ever thought of joining Roku and other new tech content publishers?
  • KB
    Kevin B.
    17 January 2019 @ 05:04
    You may be trying to “democratize” Real Vision, but in doing so you’re ruining it. Content has gone down hill. I’d rather pay more for the truly enriched content Real Vision used to provide.
    • M.
      Milton .. | Founder
      17 January 2019 @ 06:47
      If you could be so kind please write me about this as I know you've been watching all our long-form interviews in 2018. It was a year in which we got to see a lot of newer faces on RV. We might not agree with them but it's important we listen to them and have that internal or external debate.
    • NS
      Nicola S.
      17 January 2019 @ 11:08
      Agreed. The long-form interviews provide a lot more value and depth.
    • KB
      Kevin B.
      17 January 2019 @ 22:50
      The long form interviews are exactly what I like. All the other “junk” seems like clutter to me. You’ve gone for the younger demographic, which may end up being wise from a profitability standpoint and data mining standpoint, but not from a content standpoint (in my eyes). I’m happy to view what’s relevant to me until my account expires in November. You’ve certainly done some great things with RV.
  • KC
    Kenneth C.
    17 January 2019 @ 21:21
    Raoul, I support what you're doing. You've created a business that you want to expand. I've not seen a reduction of the quality content, just an expansion of the total amount of content. And maybe that's the complaint for some, the percentage of "top" quality content. This expansion has to occur to create inroads into the demographics you're going after (Millenials, the uneducated, etc). What sold me on Real Vision initially was the original Kyle Bass interview (believe I found it on Zero Hedge) and the original podcast, both of which were "free". Enjoyed it so much I bought my son who was heading off to the Kelley School of Business IU a subscription before you raised the price. And then you cut that in half. And I bought myself a subscription as well. This is a business and obvious a passion as well of yours. You continue to inform us of what your direction is and how you are not turning your back on the old subscribers. You've dropped the cost of a subscription to where it is really very affordable to most and it's obvious from the sponsorships of free subscriptions that others believe this is invaluable to students pursuing this field (my son). Maybe some charts for those who are disappointed showing them they're not getting any less of a product. Sometimes it's the visuals that make things clear. Anyway, have a great first workshop, it sounds wonderful and maybe we'll get snippets to see what occurred. ps maybe AK can dampen the background music just a bit lol.
  • NI
    Nate I.
    16 January 2019 @ 20:40
    It's your company Raoul and your decision, but it's an affront to the subscribers to give away the content they purchased. You might want to take note that the comment section on this video isn't exactly full of love. And while giveaways are certainly your decision, my option as a subscriber is choosing whether or not to fund those giveaways with a renew or not renew decision.
    • RP
      Raoul P. | Founder
      16 January 2019 @ 20:55
      We are creating more and more content for the same $180 (behind paywall). Dont forget that just over a year ago there was 3 pieces of content a week, which we were charging $600 for...
    • NI
      Nate I.
      16 January 2019 @ 23:30
      So Raoul, does RV have an anonymous benefactor? I wonder where the funds would come from to create "more and more" content for the same $180?
    • DW
      Daniel W.
      17 January 2019 @ 14:19
      Sorry Raoul, but I feel I have to express my opinion here, altough I know it won't earn many "thumbs up". With about 3 years on board I consider myself as an early subscriber. I would also consider myself as experienced in financial markets. As you correctly pointed out there were 3 videos per week (sometimrs 2) not long a ago. Sorry, but I simply cannot applaud to the fact that it is not - how many - 12 or so? Why? Because the value of the content has decreased sharply. I also do not buy into the saying that "there will always be great sophisticated content around". That is true for YouTube and CNN as well. You just have to watch 100 hours to get half an hour of great content. And that is what RVTV has become for me. I think I still have more than a year of paid subscription but I can guarantee that I have not watched one of your videos in full length for weeks if not month. That was different 2 years ago when I watched each and every video at least twice and learned something from everyone. Most of the current videos have the same learning effect for me like watching the Kardashians has. It is your company and obviously your target no 1 is groth above everything else, fair enough, but please don't expect applause from every corner for where this is going.
    • NT
      Nic T.
      17 January 2019 @ 20:30
      Gotta go with Nate and Daniel here, and tbh I think your comment is disingenuous Raoul - to the best of my knowledge the higher initial subscription went a long way towards paying for New York (?) offices, so comparing the old price to new vs number of videos is comparing apples and oranges. Why is it that I feel like I am always being sold on something here. Is it you background as a salesman that requires you always to package something as a sales pitch, good for all of us? I can’t answer that, but I feel it and I don’t like it. I am in agreement with many that the content has been grossly watered down. That and personal circumstances are the reasons that I don’t visit very often any more. I really don’t see who you are targeting here when you switch from Deep Dives to stuff like The One Thing. Honestly I feel like that series is a bad joke for anyone with the slightest knowledge of finance, and takes a serious topic (financial management) and attempts to turn it into something ‘hip’. It literally makes me cringe. I am also not happy that I am suddenly being re-spammed with the ‘what’s new this week’ email despite not changing any of my preferences. Please don’t say this is an error - it is entirely in the nature of the beast to ‘remind’ relatively inactive members with emails. It’s your business and you are free to run it as you see fit, but don’t forget the classic cartoon that shows the transition from ‘Sell, sell sell ...’ to ‘Bye,bye bye ...’. Yes, I know it goes further, but for me I doubt it will. To me ‘hard sell’ generally means what you have is not worth buying, and I get the feeling that all these twists and turns are more a way of trying to find a formula that will scale and make money than look after your original supporters (yeh, I fell for that pitch - my bad). I also suspect that the changes are more a result of things not going as well/fast as hoped rather than pre-planned steps on a mission. That’s the pitch there - a holy mission to bring finance to the masses. Ain’t gonna happen unless you employ Homer Simpson .... Stay serious and educate the willing and able, that’s my advice. I seriously doubt you can dumb down the content without dumbing down yourselves, which would be a shame. Stick to what you are also good at - talking smart, interviewing the best in the industry, and letting us pay for the privilege of learning from that.
  • NO
    Neil O.
    17 January 2019 @ 12:52
    "Democratising finance" sounds catchy, but what does it mean? If we have a vote, I'd go for the "stay small and give your subscribers an edge" rather than the "disseminate your ideas widely and have them priced into markets before anyone can act" option. Business growth vs offering real quality is really tough in the investment world. I think you need to decide either to be an education business for the masses or a novel investment advisory business for serious investors. I can't see how you can be both.
    • JM
      John M.
      17 January 2019 @ 18:04
      Completely agree. I am a subscriber from inception of Real Vision. I still find some good interviews on RV but not as many as before. I am slowly losing interest but must agree there were a few good interviews last year. I am more interested in the occasional investment ideas but not really trade ideas (which from the few I have seen are not very good). I do suggest a scorecard for the trade ideas if you want to differentiate yourself from mainstream media let's keep it 'radically transparent'. I previously suggested a presentation on 'income opportunities'. Wonder why that hasn't happened? There are always great investment opportunities happening but besides uranium why not talk about biotechnology or robotics or AI or 5G. Oh well let's see what 2019 brings.
  • DJ
    D J.
    17 January 2019 @ 16:26
    You guys in the comment section do not understand a thing, or have not learned anything. This is an ingenious ploy to reduce cost of customer acquisition cost while scaling their model. Each and every one of those so called “free movies” will be beneath 5-15 min I will bet that RVTV will get data about users IP address which will help them in their marketing. This business model pays for it self!
    • RF
      Richard F.
      17 January 2019 @ 16:50
      Who cares about that and why do you assume no one understands anything? The real point is that RV in dumbing down and much the worse for it.
    • DJ
      D J.
      17 January 2019 @ 17:58
      Yeah totally agree there.
  • RF
    Richard F.
    17 January 2019 @ 16:48
    Stop telling us RV is cheap for what we get. It's really not. It's just that you cannot make a profitable business model. Watching you thrash around over the last 3 years, since I first subscribed, as you try to find a way to make RV pay has been rather cringe worthy. The content has become far less interesting than it used to be when there were less videos and unfortunately now full of what seems like cheaper-to-make filler. Sorry for your business problems, but I personally feel you have killed what was special. My subscription runs out in a few weeks and I am afraid to say I have cancelled the renewal. Your trade ideas are poor and too random to be at all practical and the great interviews have become a rarity – there is simply hardly anything I want to watch anymore... just a few interviews over the last year.
  • CB
    C B.
    17 January 2019 @ 16:14
    RVTV used to deliver one amazing, in depth interview a week. As long as it continues to do that I will feel value at this new lower price level. Trading content has never been an attractor for me, save Peter Brandt! He’s the man!
  • JH
    Janet H.
    17 January 2019 @ 15:30
    I have to agree with Daniel...adding more content trying to catch more eyeballs without focused interesting content is not the direction I want RV to go
  • TS
    Timothy S.
    16 January 2019 @ 23:34
    Raul.....RV is evolving into an incredible service which all involved should be immensely proud. One small quibble. When RV started, the target audience was different. While content was less and more expensive, it's my impression that in terms of content, it was qualitatively a cut above. Seemingly RV has seceded the type of programming now found on e.g. MacroVoices.
    • TS
      Timothy S.
      17 January 2019 @ 13:38
      RV is moving fast. When you folks get a chance to catch your breath would you consider some programming taking RV back to your roots and meeting the expectation of some of your original viewers? More Mike Green level of discussion, for example. As well as deep dives into a variety of financial topics. On occasion MacroVoices has done this very successfully and provides a template: e.g. 1. Anatomy of the US Dollar End Game in 5 parts by Townsend, Snider, Yukso and Gromen 2. Eurodollar University in 4+ parts by Jeffrey Snider
  • SP
    Sat P.
    17 January 2019 @ 12:41
    I don't want a situation where I end up subsidising 20% of the best content which goes out for free and I pay for the rest which has less depth. I'll be comparing the free and paid content very closely which will determine whether I renew my subscription in future.
  • KD
    Kevin D.
    17 January 2019 @ 10:49
    "Really hone in your experience so it is almost bespoke to you". Umm, sorry, but doesn't this go against the core mission of RealVision of education, and exposing people to good ideas that they might not otherwise find? 'Personalized content' in this financial education/advice setting seems antithetical to RealVision's (old?) core philosophy, and risks putting people into 'investment echo chambers' similar to the 'ideological silos' that the likes of Facebook are putting people into. Is this really the direction you want to go? You seem to have decided that MOAR content is better than Curated content. I echo many of the other comments here - it is your company and you are welcome to do with it whatever you want. But it is a slippery slope towards becoming just like the 'Mainstream Financial Media' that you rightly condemn, and you appear to be falling further down that slope with every 'exciting, fresh rethink', and a decision process that seemingly values growth above all else.
    • M.
      Milton .. | Founder
      17 January 2019 @ 12:13
      Hey Kevin - What Raoul meant by personalized content is giving you tools to sort out series that you enjoy from series that you don't have time to watch or simply do not like. Say you like long-form interviews with world famous investors, you can add The Interview shows to your watch list or The Kyle Bass Interviews. Maybe you also enjoy Trading Ideas or the Technical Trader series, add them as well to your list. We will still feature the same diversity of ideas from these bright minds in finance. You will be exposed to videos that make you think and evolve.
  • CB
    Chuck B.
    17 January 2019 @ 00:52
    Thank you for pricing this for those of us with fewer zeroes and helping us add zeroes.
  • WD
    Winston D.
    17 January 2019 @ 00:36
    I appreciate what you guys are building here and was a happy subscriber. Then I realized all of my favorite videos were available for free in their full form on YT. Didn’t see much reason to renew. “And for that reason, I’m out.”
  • MA
    Muhammad A.
    17 January 2019 @ 00:24
    I found real vision through the free content on YouTube and this is a great way to ensure more and more people join this great community. Thanks Raoul and everyone on the team that makes this happen. Appreciate your hard work.
  • tc
    thomas c.
    17 January 2019 @ 00:19
    Tech Tech Tech. It's everywhere, in everything, but not enough on RV. Fintech almost never touched, Cloud, Big Data ,IOT. Change, change, change. Should be a frontline issue.
  • WS
    William S.
    16 January 2019 @ 23:59
    Follow your gut Raoul! I love RV!
  • JF
    Joanne F.
    16 January 2019 @ 20:44
    I like your new idea, and I am sending this message on to my grandson to make use of the free content. Macroeconomics can be very intimidating at first because of the initials, terms, etc., but all unknown vocabulary can be easily located on the internet. Those who truly believe education is a life experience can then upgrade to your paid subscription, a true bargain!
  • TS
    Timothy S.
    16 January 2019 @ 17:08
    As an unsuspecting subscriber, I am now required to subsidized free content to the non-paying public. This must be a violation of terms of service....or something or other. Instigated by none other than Raul "de Blasio" Pal..... LOL
    • M.
      Milton .. | Founder
      16 January 2019 @ 18:51
      Hey Timothy - I know we talked in the past. You like doing the right thing and expressing ourselves without constraints. We're offering out older interviews or excerpts from newer ones. The same way Adventures in Finance turned people into visionaries, the same way we hope the free content will help people understand what we're doing here with your help. In the past when you came on our front page as someone who doesn't know the RV world, you only had a dozen free videos to choose from. Now you have more options. All of them are parts from videos you've already watched. So in a way, it's like sharing a good book with your friends.
    • DS
      David S.
      16 January 2019 @ 18:58
      Many viewers who watch the free content will probably join as members when they find out how valuable RVTV can be to their understanding of the world of finance. This may keep future increase in subscription prices at bay. The RVTV subscription price was reduced in the past. I am more than confident that we will continue to get many more times the value of the subscription price from RVTV. DLS
    • EF
      Eric F.
      16 January 2019 @ 19:38
      If this is a sarcastic comment, fair enough but it doesn't translate well. If it's not, then it's not very well considered and unmerited.
    • EF
      Eric F.
      16 January 2019 @ 19:38
      If this is a sarcastic comment, fair enough but it doesn't translate well. If it's not, then it's not very well considered and unmerited.
  • EF
    Eric F.
    16 January 2019 @ 19:35
    Look forward to RV U, and wish RV much success in getting more paying subscribers.
  • ND
    Noel D.
    16 January 2019 @ 17:29
    A bit of free content is a great idea. Their old podcast was great for that and it was that, now extinct, podcast that got me to notice them and eventually join on as a paying subscriber. The free content is great advertising and should bring in new subscribers which helps us all.
  • rr
    rlw r.
    16 January 2019 @ 15:11
    Yep really admire the RV vision, content to date, and your ongoing rollouts. Kudos Raoul & Grant!

Mark Yusko

Morgan Creek Capital Management, Co- Founder, CEO, & CIO

Mark Yuskois the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early stage investor in blockchain technology, digital currency and digital assets through the firm’s Venture Capital and Digital Asset Index Fund.Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago.

Anthony Scaramucci

SkyBridge Capital, Founder & Co-Managing Partner

Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001. Earlier, he was a vice president in Private Wealth Management at Goldman Sachs & Co. In 2016, Scaramucci was ranked #85 in Worth Magazine’sPower 100: The 100 Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year –New York” Award in the Financial Services category. Anthony is amember of the Council on Foreign Relations (CFR), vice chair of the Kennedy Center Corporate Fund Board, a board member of both The Brain Tumor Foundation and Business Executives for National Security (BENS), and a Trustee of the United States Olympic & Paralympic Foundation. He was a member of the New York City Financial Services Advisory Committee from 2007 to 2012. In November 2016, he was named to President-Elect Trump’s 16-person Presidential Transition Team Executive Committee. In June 2017, he wasnamed the Chief Strategy Officer of the EXIM Bank. He served as the White House Communications Director for a period in July 2017. Scaramucci, a native of Long Island, New York, holds a Bachelor of Arts degree in Economics from Tufts University and a Juris Doctor from Harvard Law School.

Michael Saylor

MicroStrategy, Co-Founder

Mr. Saylor is a technologist, entrepreneur, business executive, philanthropist, and best-selling author. He currently serves as Chairman of the Board of Directors and Chief Executive Office of MicroStrategy, Inc. (MSTR). Since co-founding the company at the age of 24, Mr. Saylor has built MicroStrategy into a global leader in business intelligence, mobile software, and cloud-based services. In 2012, he authoredThe Mobile Wave: How Mobile Intelligence Will Change Everything, which earned a spot onThe NewYork TimesBest Sellers list. Mr. Saylor attended the Massachusetts Institute of Technology, receiving an S.B. in Aeronautics and Astronautics and an S.B. in Science, Technology, and Society.

Alex Saunders

Nugget's News, Founder & CEO

Alex Saunders is the founder and CEO of Nugget’s News, a digital media company focused on all things crypto. Alex has been captivated by cryptocurrency since 2012 and in 2017 he began educating globally on the benefits of cryptocurrency and how to safely acquireit. Nugget’s News has been listed as a top-20 podcast by Business Insider, ShapeShift and Lifehacker and has over 120k YouTube subscribers with 9 million total views.Alex is also heavily focused on his cryptocurrency education platform Collective Shift which currently serves over 4,500 members. provides his unique perspectives by utilising his expertise in fundamental analysis, technical analysis and market sentiment. He is working towards his mission of making it easier for everyone to understand the financial world.

James Putra

TradeStation Crypto, Inc., Sr. Director of Product Strategy

James helped launch TradeStation Crypto’s offeringwhichutilizesa true online brokerage model that self-directed investors and traders have come to expect for equities, futures,and foreign currency markets. He is a reputed crypto asset specialist and blockchain thought leader focused on helping people find innovativeways to participate in this space. He is active in the blockchain community with speaking engagements, TV appearances and mentoring.James has over 15 years of experience in the Fintech industry.

Raoul Pal

Real Vision, Co-Founder & CEO

Raoul Pal is the Co-Founder and CEO of Real Vision, the world’s pre-eminent financial media platform, which helps members understand the complex world of finance, business, and the global economy. Real Vision members also have access to Real Vision Crypto, a cryptocurrency and digital assets video channelwatched by over 80,000 people.In addition, Raoul has been publishing Global Macro Investor since January 2005 to provide original, high quality, quantifiable and easily readable research for the global macro investment community hedge funds, family offices, pension funds and sovereign wealth funds. It draws on his considerable 31 years of experience in advising hedge funds and managing a global macro hedge fund. Global Macro Investor has one of the very best, proven track records of any newsletter in the industry, producing extremely positive returns in eight out of the last twelve years. He retired from managing client money at the age of 36 in 2004 and now lives in the tiny Caribbean island of Little Cayman in the Cayman Islands. Previously he co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul moved to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe. In this role, Raoul established strong relationships with many of the world’s pre-eminent hedge funds, learning from their styles and experiences. Other stop-off points on the way were NatWest Markets and HSBC, although hebegan his career by training traders in technical analysis.

Peter McCormack

What Bitcoin Did, Journalist

Peter McCormack is a full timejournalist/podcaster covering topics such as Freedom, Human Rights, Censorship and Bitcoin. Peter created and hosts the What Bitcoin Did Podcast, a twice-weekly Bitcoin podcast where he interviews experts in the world of Bitcoin development, privacy, investment and adoption. Launched in November of 2017, the podcast has grown to over 100 episodes with a guest list that is a testament to the diversity of knowledge and opinions that represent the broader Bitcoin community. Expanding his growing list of humaninterest recordings, documentaries and films Peter has recently launched theDefiancepodcast andDefianceTV.

Caitlin Long

Avanti Financial Group, Founder & CEO

22-year Wall Street veteran who has been active in bitcoin and blockchain since 2012. In 2018-20 she led the charge to make her native state of Wyoming an oasis for blockchain companies in the US, where she helped Wyoming enact 20 blockchain-enabling laws. From 2016-18 she jointly spearheaded a blockchain project for delivering market index data to Vanguard as chairman and president of Symbiont, an enterprise blockchain start-up. Caitlin ran Morgan Stanley’s pension solutions business (2007-2016), heldsenior roles at Credit Suisse (1997-2007) and began her career at Salomon Brothers (1994-1997). She is a graduate of Harvard Law School (JD, 1994), the Kennedy School of Government (MPP, 1994) and the University of Wyoming (BA, 1990).

Hunter Horsley

Bitwise Asset Management, CEO

Hunter Horsley is Chief Executive Officer of Bitwise Asset Management. Prior to Bitwise, he was a product manager at Facebook, working on advertiser products including the multibillion-dollar sponsored content ecosystem and ad breaks in videos. Before Facebook, Horlsey was a product manager at Instagram, responsible for multiple advertising products generating several hundred million dollars of revenue. He is a graduate of the Wharton School at the University of Pennsylvania, with a B.S. in economics. Recently, Horsley was named a member of Forbes’ 2019 “30 Under 30” list.

Luke Gromen

Forest For The Trees, Founder & President

Luke Gromen has 25 years of experience in equity research, equity research sales, and as a macro/thematic analyst.He is the founder and president of macro/thematic research firm FFTT, LLC, which he founded in early 2014 to address and leverage the opportunity he saw created by applying what clientsand former colleagues consistently described as a “unique ability to connect the dots” during a time when he saw an increasing “silo-ing” of perspectives occurring on Wall Street and in corporate America.FFTT caters to institutions and sophisticated individuals by aggregating a wide variety of macroeconomic, thematic and sector trends in an unconventional manner to identify investable developing economic bottlenecks for his clients.Prior to founding FFTT, Luke was a founding partner of Cleveland Research Company, where he worked from 2006-14.At CRC, Luke worked in sales and edited CRC’s flagship weekly thematic research summary piece (“Straight from the Source”)for the firm’s clients.Prior to that,Luke was a partner at Midwest Research, where he worked in equity research and sales from 1996-2006.While in sales, Luke was a founding editor of Midwest’s widely-read weekly thematic summary (“Heard in the Midwest”) for the firm’s clients, in whichhe aggregated and combined proprietary research from Midwest with inputs from other sources.Luke Gromen holds a BBA in Finance and Accounting from the University of Cincinnati and received his MBA from Case Western Reserve University.He earned the CFA designation in 2003.

Meltem Demirors

CoinShares, Chief Strategy Officer

Meltem Demirors is Chief Strategy Officer of CoinShares, an investment firm that manages billions in assets on behalf of a global investor base, and is a trusted partner to investors and entrepreneurs navigating the digital asset ecosystem. Meltemoversees the firm’s managed strategies group and its New York office and leads corporate development. Previously, she was part of the founding team of Digital Currency Group. As a veteran investor in the digital currency space, she has invested in over 250 companies in the ecosystem. Meltem is passionate about education and advocacy, and teaches the Oxford Blockchain Strategy Programme and co-chairs the WEF Cryptocurrency Council.