Open Book with Anthony Scaramucci - November 2025 Q&A: Run for President, Coming Civil War, Book Recs, & more

Episode Date: November 6, 2025

Thank you once again for all your wonderful questions. Grateful for your support! 📚 Books mentioned in the episode: The Little Book of Bitcoin by Anthony Scaramucci Circle of Days by Ken Follett One Up on Wall Street by Peter Lynch The Art of Spending by Morgan Housel The Psychology of Money by Morgan Housel Checkmate in Berlin by Giles Milton The Beatles: The Biography by Bob Spitz America First by H. W. Brands Those Angry Days by Lynne Olson These Truths by Jill Lepore We the People by Jill Lepore https://amzn.to/47Xsxzp Chaos: Charles Manson, the CIA, and the Secret History of the Sixties by Tom O’Neill 1929: The Great Crash and the Birth of the Modern Financial System by Andrew Ross Sorkin Meditations by Marcus Aurelius Atomic Habits by James Clear Big Russ and Me: Father and Son—Lessons of Life by Tim Russert Brealey & Myers’ Principles of Corporate Finance by Richard Brealey, Stewart Myers, Franklin Allen Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island. 📚 Get a copy of my books: Solana Rising: Investing in the Fast Lane of Crypto ⁠⁠⁠https://amzn.to/43F5Nld⁠⁠⁠ From Wall Street to the White House and Back ⁠⁠⁠https://amzn.to/47fJDbv⁠⁠⁠ The Little Book of Bitcoin ⁠⁠⁠https://amzn.to/47pWRmh⁠⁠⁠ The Little Book of Hedge Funds ⁠⁠⁠https://amzn.to/43LbM83⁠⁠⁠ Hopping over the Rabbit Hole ⁠⁠⁠https://amzn.to/3LaykJb⁠⁠⁠ Goodbye Gordon Gekko ⁠⁠⁠https://amzn.to/47xrLYs⁠⁠⁠ 🎥 𝗕𝗼𝗼𝗸 𝗮 𝗖𝗮𝗺𝗲𝗼 𝘄𝗶𝘁𝗵 𝗔𝗻𝘁𝗵𝗼𝗻𝘆! ⁠⁠⁠https://www.cameo.com/themooch⁠⁠⁠ 🎙️ Check out my other podcasts: The Rest is Politics US - ⁠⁠⁠https://www.youtube.com/@RestPoliticsUS⁠⁠⁠ Lost Boys - ⁠⁠⁠https://youtube.com/playlist?list=PLYFf6KS9ro1p18Z0ajmXz5qNPGy9qmE8j&feature=shared⁠⁠⁠ SALT - ⁠⁠⁠https://www.youtube.com/c/SALTTube/featured⁠⁠⁠ 📱 Follow Anthony on Social Media Instagram - ⁠⁠⁠https://www.instagram.com/scaramucci/⁠⁠⁠ X - ⁠⁠⁠https://x.com/Scaramucci⁠⁠⁠ LinkedIn - ⁠⁠⁠https://www.linkedin.com/in/anscaramucci/⁠⁠⁠ TikTok - ⁠⁠⁠https://www.tiktok.com/@ascaramucci?lang=en⁠⁠⁠ YouTube - ⁠⁠⁠https://www.youtube.com/@therealanthonyscaramucci Learn more about your ad choices. Visit podcastchoices.com/adchoices

Okay, when I sell my business, I want the best tax and investment advice. I want to help my kids, and I want to give back to the community. Ooh, then it's the vacation of a lifetime. I wonder if my out of office has a forever setting. An IG Private Wealth advisor creates the clarity you need with plans that harmonize your business, your family, and your dreams. Get financial advice that puts you at the center. Find your advisor at IG Private Wealth.com.

This episode is brought to you by Tellus Online Security. Oh, tax season is the worst. You mean hack season? Sorry, what? Yeah, cybercriminals love tax forms. But I've got Tellus Online Security. It helps protect against identity theft and financial fraud so I can stress less during tax season or any season.

Plan started just $12 a month. Learn more at tellus.com slash online security. No one can prevent all cybercrime or identity theft. Conditions apply. Visit BetMGM casino and check out the newest exclusive. The Price is Right Fortune Pick. BetMDM and GameSense remind you to play responsibly. 19 plus to wager.

Ontario only. Please play responsibly. If you have questions or concerns about your gambling or someone close to you, please contact Connects Ontario at 1-866-531-2,600 to speak to an advisor. Free of charge. BetMGM operates pursuant to an operating agreement with Eye Gaming Ontario. Hey, everybody, welcome back to Open Book. Now, I've been seeing all your comments on YouTube X, LinkedIn, and of course, Instagram.

And I've been loving the feedback and questions, the good, bad and the ugly, by the way, not just the good stuff. And so, as always, thank you. These are the questions that were asked in October. So if I don't answer your question, keep an eye out for my posts in the future. And feel free to comment on just about anything you'd like to discuss. us, whether it's business, politics, personal stories, et cetera. I'll try to get to you. If I can't get to you here, we'll certainly try to get you on messaging.

So let's get going here. As always, thank you so much for tuning in and engaging. It means a lot to all of us here at Team Open Book. You could always click the subscribe button on YouTube or other places. Give us a follow. Let's get started. Okay. We're going to start with YouTube at Galway Bound.

How has your faith influenced your life to date? Do you think it's stronger now than in years past? And so it's a great question. I often tell people I'm a practicing Catholic and got raised in a Catholic family. Interesting enough, I didn't go to Catholic grammar school or Catholic high school or anything like that. My parents, frankly, didn't have the money for that. My mother always wanted me to go to Shamanad High School out in many, Ola, Long Island, probably one of the best schools in the country as Catholic schools go. but we didn't have the money. So I went to the Port Washington Public Ice School, but went to church regularly with my mother and my grandmother.

And I think, and I say this to people teasingly, but once you're a Catholic, you're sort of always a Catholic. And my faith, like everything in life, I've had times where I've had heavy, near perfect attendance at church and other times where I've had some laxity with actually going to church.

But the truth be told, it's never really affected my faith. I've had a very strong faith in our religion, a very strong belief in God. I find when I'm traveling around the world, some of that has waned around the world. I notice that there's more secularism in Europe, secularism in Asia, et cetera. But I'm still quite faithful. I do appreciate the question. And it has impacted me.

I guess it's given me some resolve or some long-term belief that things will be okay. And so whether you believe like a Catholic, I do, or you trust into the universe, I think one of the best things I could say to people is just fall back in the belief that you're here, you're part of the universe, and you'll stay part of the universe long after you leave here. So anyway, those are my thoughts there. Instagram, this is from at Junior Linden. What makes you a Republican? Okay, at junior Linden, let me take a memo and I'll get

back to you because I don't know anymore what makes me a Republican. So Republican Party used to stand for some traditional conservatism and business pragmatism. And the Republican party stood for things like growth. And so if you said to me, what type of Republican am I or was I? I was an Eisenhower Republican, a Rockefeller Republican. Remember, he was somewhat liberal on social issues. He was the governor, Republican governor of New York. York here for many years going back into the 50s, early 60s. Ronald Reagan, to me, I don't even know if he would fit the measurement or definition of Republican today, but he was considered a right-leaning Republican 40 years ago. So it's a good question. I guess it's a little bit

like sports teams. I'm a jet and met fan, so you can imagine how miserable that is. I think these, whether they're businesses, political parties, sports franchises, they ebb and flow. For me personally, I think it's a low point for the Republican Party. But it's not like, let's say you're with Manchester City and all of a sudden you can flip over and be with Manchester United. It doesn't really work like that. So I've been loyal to the party, but more about the traditional party, not the current party. In fact, in many ways, I think the current party's actually moved off of.

being Republican. So I hope that answers that. But I'm going to stay as a Republican and try to seek reform in a post-Trump world. Okay, let's keep going. This is from Instagram. This is Dun Allen, I believe. Do you anticipate a civil war in America? So the short answer to that is no, I don't anticipate a civil war. Economic hardship would have to prevail in the society. and yes, not just income inequality, but real sustainable economic hardship, that could tip over into a potential civil war or a big ideological fight about the country. But at this point, our temperatures are up. We're sort of fighting with each other.

We are keyboard bullying each other. And so there's a hassle there, but I don't see it tipping over into the civil war. And remember, I think you have still a very very. strong, reasonably sound economy. If you're telling me that we're going to have extreme deterioration in the economy or something systemic that hurts the economy, then I'll change my tune. But I don't see that right now. Okay, let's keep going. X. This is from Thomas Philip W. Do you have any favorite books in categories of fiction, investing history, general nonfiction, and or business history. All right. So let's hit each one of those categories. I'm going to give you some contemporary

ideas. And so the brand new book, Circle of Days by Ken Follett, is an amazing book. It actually goes back in an ancient England and the whole era around Stonehenge, how Stonehenge was created, what the tribes were like at that point living on that big, beautiful island. And it's just It's an amazing story. It's historical fiction, something I adore. And I think Ken Follett's writing style is second to none. He will keep you hooked and you will be learning. Okay.

As it relates to investing, I'm a very big believer in the simple books like one up on Wall Street by Peter Lynch. I also like Morgan Hassel's books, The Art of Spending, as well as the Psychology of Money, which was an international bestseller about two years ago. So those are phenomenal books in the category of investing. History. Well, you're looking at a huge history buff here. So there's so many things to choose from what I've read recently is Checkmate in Berlin by Giles Milton.

I've read books about the Beatles. There's a great biography about the Beatles by Bob Spitz, which is a phenomenal book. So I'm all over the map when it comes to history, but I've been really focused on World War II. America First by H.W. Brands. What was the rise of nationalism? There was a first America First movement back in the 30s. How did we put that down? I think that's something that I would recommend to people.

I thought that was really good, angry days by Lynn Olson would be in that category. General nonfiction, to me, I think we the people. This is Joe Lepore. It's a nonfiction book. It's got great insight. into the U.S. Constitution, some of the things that we're not doing well at this point in American history, i.e. like amending the Constitution. And if you want a fun book, that's sort of general nonfiction, it's chaos by Tom O'Neill. That book is awesome. And so what is chaos about?

It's about the 1960s and Charles Manson. And it's about the counterculture that was taking place in the 1960s. And you may not have thought that this was connected before, but you may not have thought that this was connected before, but you will after you read the book. What is the Manson movement in California and the CIA have in common? Well, if you read the book, you'll learn about it. It was really a lot of great fun. And so those are the general categories. Business history, of course. I would go with Andrew Roar Sorkin's new book, 1929. It's a long read. It's about 460 pages, but my God, what a story about the mistakes that were made in the late 20s, the euphoria that tipped over into excess leverage, which was combined with a tremendous amount of excess confidence,

which led to a debacle. And then we got a lot of things wrong from, as it relates to economic policy, that led to not only a stock market crash, but an economic depression here in the United States and around the world. So those are some of the ones that I liked a great deal. Let's keep going. This is from LinkedIn. This is Mary Lee, Dylan. If you were president, okay, let me make the sign of the cross.

Okay. If you were president, what would be the first five things you would do to move the U.S. into the future away from the chaos and catastrophe? And how would you start completing those goals? So it's interesting. So if you've got a five-step program included in that program would be a series of constitutional amendments that I would propose. and then I would want to also go out and campaign on those. But let's just talk about a few things that you can do, five things.

So number one, you use the bully pulpit. Remember what Teddy Roosevelt said about the U.S. presidency, you stand on the bully pulpit and you can command a lot and you can instill values in the nation and guide people through your speeches and sort of your interaction with the American public and the American media, the international media, for that matter as well. Second thing that I would want to be doing is I would try to create some level of bipartisanship, and I would get at least one or two Democrats into the cabinet.

I think what we're doing now doesn't make any sense at all. We're either hard right, get the hard right in, implement hard right policies. They lose, and we go hard left, and we've got the business leaders and the culture completely confused. And so I would want to work with the other side to try to see if we can have a breaking of that impasse and some reduction in the tribalism. And then the three amendments just quickly, the first amendment that I would want to the Constitution is we'd have to end the gerrymandering. I know we've been doing it for over 200 years, but it's really not working anymore. We've got to make it more even. And maybe you have an AI generated or algorithmically generated.

and just put simply, if you have 40% Republicans in the state of New York, then from the House of Representatives's perspective, there should be roughly a proportion of representatives that represent those Republicans instead of trying to jam them and have them always be underrepresented across all the House of Representatives districts. Okay, same thing would go for the Democrats in California or the Democrats in Texas. it's an indictment of both sides. Second amendment that I would have in there is I would do something related to Citizens United.

And for those you that don't know what that is, we've allowed unlimited amounts of capital to flow into the political process. And these political action committees, of anything, they've just skewed the legislative agenda to be way more geared towards big business or big pharma or rich people, corporate welfare, et cetera.

I would want to put it into that. And the third one, and this is going to be the most controversial, but I would want to get the Department of Justice out of the executive branch and make it a little bit more apolitical if that were possible. So those are some of the things I would think about, which I think would help the process. And so you don't have to be president to suggest those things or to help other people work on those things. Okay, let's keep going. Instagram, Sarah Karate.

How do you have the time to consume and analyze all the information you consume on top of investing? It's a great question. So three hours a day. Say that again, three hours a day. So already got up this morning, went to the gym. Guess what I did? I had a book tape in my ear while I was doing my workout and got through 45, 50 minutes of a book. Secondarily, got in the car.

Guess what I did? I had a stack of either research papers or a book that I'm reading and kept reading. At some point tonight on the way home or some point tonight before bed, I'll try to get one more hour of reading it. Now, Mr. Buffett claims that he reads six to seven hours a day. That's Warren Buffett, one of the richest people in the history of the world. And arguably one of the best investors ever, he reads for six hours a day. You can read for three hours a day. If you do that, you're into a tremendous amount of learning.

So three hours should be at least, at least a minimum 60 pages. I'd like to say 100 pages. So if you read three hours a day, that's 700 pages a week. You can pile through two books a week. You get yourself up to 100 books. I don't read 100 books, though. I'm probably reading 50 or 60 because I do feather in the newspaper and magazines and research articles, et cetera,

but get yourself in the habit of reading, force yourself to listen to book tapes when you're walking or doing your exercise. That's what I would recommend. Okay, we're best restaurants in New York and Long Island. Hmm, hmm. Well, some of them are private, you know, like Cassach of Riani is private, the Columbus Citizens Foundation, private.

If you can get access to or invited to those restaurants, they're two of the best alongside of ZZs. If you can't get in as easy's because that's also private, you can go to Carbone, which is their sister establishment, which is an amazing restaurant. People who know me know I love Rayos, which is probably the oldest Italian eatery here in New York. And it's super hard to get into because they don't even have a telephone number. But those are the things I like. If you've heard only Italian restaurants, that's right. Because when I'm going out, which I rarely do, honestly, because I'm usually traveling, podcasting, out with

the kids, but if I'm going out to a restaurant, I like Italian food, so I pretty much stick to Italian food. On Long Island, any of the pole restaurants in Nassau County, it could be Chipolini's, it could be Brian and Cooper, it could be a place like Hendricks in Roslin. All of those are great restaurants. If you notice, I didn't mention my own restaurant, I actually own one called the Hunting Fish Club on 44th Street. I don't want to be overly biased in terms of mentioning it, but I think the food is great there as well. So those are some from Long Island. Island and some from New York. This is Instagram Renee H9. What dream guests would you like to have on Open Book? Such a great question. And so, I mean, it would have to be a living person, right?

So, of course, so a living person, I guess the person I would want to interview at least right now, which even though I extended an invitation, I don't think she's going to accept it, is Kamala Harris. I read the book 107 days. I have a lot of questions about a lot of questions about campaign. And I would love to interview. It wouldn't be a hostile interview or anything like that. It would just be more born from intellectual curiosity. At some point, I would also like to interview Joe Biden, just again, want to understand what they were all thinking in terms of going into the 2024 election and how did they make such massive mistakes. I would certainly want to learn from them and no more. So those are two people right off the top of my head. Here we go.

Let's keep going. This is Meg's 369. What are you most proud of in life? This is such a great question, but I really think it's just tiny things. You know, this is sort of a crazy story. I'm in Dublin, and one of my family members is having dental work done,

and the crown, unfortunately, that they're trying to install, ends up getting swallowed, but it goes into the trachea and into the lung. Can you believe this story? I'm in Dublin. Someone's calling me. It's 2 o'clock in the morning in Dublin. They wake me up.

And can I help them get to the emergency room and get some treatment immediately? Of course, I knew the vice chair of the hospitals. I picked the phone and called them, got them into the hospital fairly quickly and got the crown, literally this, I guess, piece of dental apparatus out of the person's lung. That's the thing that I'm most proud of. If I can figure out a way during the day to help somebody. You know, some people are going to say they're most proud of their children. Of course, I'm most proud of my children and proud of my family and all that stuff. But what I'm really proud of is can I get up today and figure out a way that I can help somebody?

Can I make somebody's life a little easier, that sort of thing? Okay, let's keep going. this is Carlos Gemino from LinkedIn. What is the key to making progress in life? And if you had to pick one book out of the thousands or the hundreds, which one would you choose is your favorite? So it's interesting. So since it's related to progress,

remember you got to control your mind first. So if you can control your mind, you can control your body. Okay. And so everything comes from your discussion, with yourself about yourself, who are you going to be? Are you going to do the 50 pushups in the morning? Are you going to do the 150 pushups?

Are you going to eat less sugar? Are you going to get up after you've been knocked down? How much they really care about what other people think of you in terms of you reaching your goals? Turns out that no one's really thinking about you anyway. There's these great things that go on on Instagram, which I watch where they say, okay, you're dead. Some of your family members can make the funeral.

some of them can't make the funeral. Two days later, they're watching funny movies together. They're eating. Yeah, they're going to remember you finally, maybe a few of them. But in two generations, no one's going to remember who you are. So why do you care so much about what the people think about you, you know? So the book that will help you or helped me the most in that is meditations. And in January, every year, at the beginning of the year, I read, read Marcus Aurelius's

meditations. And so I think that's one of my favorite books about making progress in life. And the first way to make progress in life is right here. You got to get your mind on it. And you got to get your mind on not caring when you have setbacks, but to keep going. Okay, let's keep going here. Instagram, DMS, me. What is your solution for solving housing affordability in the U.S.? So there's no easy solution to that. However, there are things that we could do. There's modular housing. There's low-cost housing.

There's tracks of land that could be built, okay, fairly inexpensively. They would be small housing apartments. They wouldn't necessarily be, you know, superstar quality or anything like that. But we can do that. The problem that we're having is that we're always in a fight over where these things are going to go. who's going to live in them, what the criteria is for them. But we can solve this problem. It's not an insurmountable problem.

Mike Bloomberg, as an example, as mayor of New York, he reduced the homeless populations considerably by helping not only to build shelters, but rent-to-own situations or granted situations where people couldn't afford it, but we put them in the housing anyway. I think the problem with shelters, there's crime in the shelters, but you can hive off little individual apartment units now. And again, not super costly, but there's always going to be a big political fight about where they're going to go and who ends up in them in terms of the criteria. So we'd have to work on that. That's something that's very solvable at this point in our civilization.

Okay, let's keep going. mooch, what's the biggest dream that you're chasing? Okay, so that's from my son Anthony. I'll just give me a big shout out to Anthony. The biggest dream that I am chasing right now is to help my children fulfill their dreams. How about that, aunt? Okay, so this is an aspiring filmmaker, my son, who's gotten his short film in to try back up. And he's on Holly Shorts.

He won the Dublin International Film. Festival, San Antonio Film Festival. The kid wants to be a director and an actor. And so my goal right now at this stage of my life is to help my kids fulfill their dreams. So hopefully I'm helping you do that, Ann. But that's really the dream that I'm chasing. All right, Henry K. Adams, this is from Instagram. What is the one book that you would recommend all new fathers read? Okay, I'm often asked what book would you read if you're a new dad or you want to learn about fatherhood or something that impressed you about fatherhood. And this book was written 20 years ago. He was written by Tim Russert. Tim Russert wrote a book about his father, also named Tim Russard. So the title of the book was Big Russ and me, Father and Son, Lessons of Life. And this was a memoir about their relationship. And I'm going to tell you it was a brilliant memoir because Russo grew up in a working class family in Buffalo. And his father was a World War II veteran and a blue collar worker.

And it was about love and it was about simplicity. And it was about being present for your children. And sure, you're trying to provide material goods for them and so forth. But you're also trying to, through your work ethic and through your work ethic and through you are as a person, you're trying to inspire them, you know. And one of the big lessons in the book is that kids don't listen to what you say, but they sort of observe what you do. And in a lot of ways, if you're doing the right thing in all the different facets of your life, your kids end up modeling it and they end up picking up a lot of your journey. It imbues in them. And so anyway,

The book is great, and I would recommend it to people. It's about patriotism, hard work, self-discipline, and it's also about, you know, how do you become a cool father? You relate to the kid, talk to the kid in a way that expresses unconditional love, and it'll go really, really far. Such a great question, by the way. All right, let's keep going. This is Larry McGinnity.

It's also from LinkedIn. in with all your experience of trading over the years, do you feel emboldened to trust your instincts more or less than when you started out? Way more. I trust my instincts. When I started out, I was clueless. And when I started out, I let my emotions get the better of me. So when stocks go down, you're supposed to buy them. But when I was a younger person in industry, I was selling them. And when stocks went up, you're supposed to sell them or we're going to get into that in a second. But I didn't do that. I started buying. them. And so I was upside down on these things because of the way we think about money and psychology. You know, you have to go against the psychological grain. And so the best investors, and I didn't know this at age 30, but I certainly know it at age 61. Best investors sometimes do

absolutely nothing. Okay. If you think about holding periods that Warren Buffett has had, where you think about Steve Bomber, let's talk about the legendary Steve Bomber. Steve Bomber, Steve Bomber turns out, never sold a share of Microsoft. So he's now richer than his buddy Bill Gates that owned four times the amount of shares because he never sold a share. And because it was such a great asset, it's compounded and it's made him, you know, $200 billion. And the point being, I wouldn't have been able to have trusted myself not to sell things back in the day.

And so, yes, as you get older, you get more mature, you can trust your instincts more. And I'm not saying you're going to learn this from me because sometimes it's impossible to learn. Most people have to learn the hard way. But if you could learn something from me, buy some great assets, hold the great assets, and train yourself not even to look at them. That would be my best advice. Anyway, let's keep going. YouTube, NJA, Bollima, Buy, 963. You know, I like reading these things.

I'm like, who the hell comes up with a name like that? So forgive me. I like reading them. How many books would you say you read per quarter? It's a good question. I'm going to say 15. I'm probably reading about 60 books a year. But remember, that doesn't count magazine articles and newspapers and things like that.

Are there any finance academic textbooks you're currently studying? And what are they? So the short answer to that, unfortunately, is no. But if you want to study a really good academic textbook, it's the really admires corporate finance. book. I think it's in its 30th edition or something like that. But buy that book. It's an expensive book. If you leaf through that book and you read five or ten pages, five or ten pages a week even in a book like that, you'll be way more knowledgeable than 90% of the people out there

in corporate finance. So that's a great book. So I answered the academic textbook question. How do you maintain discipline in your life? Really good question. And so the answer is minute to minute. Pick up atomic habits. That's a great book about how a slight change in your habits, just a tiny change can lead to exponential growth. You need to be maybe 1% better. You're just 1% better than you compound on that. You become infinitely better over time. So what does that mean? Maybe one less chocolate. Maybe it means one less cup of coffee. It means if you're scheduled to do 30 minutes of exercise, maybe you'll pick up another six minutes. That's a 20% increase in your exercise. Push yourself. You know, one of the atomic

habits that I've been doing is push up some planks. So every night, every morning, when I get up, I do some stretching. I try to do at least 50 to 100 pushups and that I do at least one to three, one to two minute planks, depending on how I feel. You do push. You do push. up some planks in the morning, you're way ahead of the game. It takes all of 10 minutes. And this would be an atomic habit, something that James Clear would talk about. But your discipline will come from your habits, of course. And you can change your habits, but think about them incrementally. It'll make it easier to change your habits. All right. These are great questions. Let's keep going. This is from YouTube. Think for yourself, man. I truly enjoy your little Bitcoin book.

Question. If you had to read another chapter to update it, what would you write about. Such a great question. So I think I would want to spend more time on the store of value issue for Bitcoin. I think I did a good job. Well, I'd like to think we did a good job of explaining it, my Odyssey into it, why I was determined not to own it for almost six or seven years after I was introduced to it. And now it's a very big component of my net worth. But I think I would like to have another chapter on store of value, why I think, I think. people will use Bitcoin as a store of value on a going forward basis. And now if you look at where gold is,

and gold has had a big run this year. But if I'm right on store of value, Bitcoin could trade at least to the market capitalization of gold, which is at least a 10 or 12x from a year. So I probably would add that chapter. Again, a great question. From Linkin, Matthew Sutton, you've experienced massive wins in very public setbacks.

When you're hit with a failure in business or life, what's the process of bouncing back quickly and regaining credibility. Okay, amazing question. I guess the answer is what I said about your habit. It's like you can't give up. You know, you can't be a person that says I'm going to give up. But I was looking at these questions earlier today. So I asked chat, GBT.

I said, so what, you know, the Scaramucci case for reinvention. Just throw it out. They want to see what they said. And they said to own the narrative, which I think is interesting, right? Remember, the fight, you want to have a comeback story, fights inside your brain. Henry Ford once said, if you think you can or you think you can't, you're right. So start thinking that you can and manifesting that you can. And so I try to do that.

And I answered face to music. Be accountable. you have a setback or a failure. I sold a piece of my business to Sandbank and Freed. I explained why I did it. I explained why it was a mistake. But I didn't hold on to it. You can't hold on to your shortcomings or hold on to your failures.

And by the way, if you think you're the only person that's made a failure of yourself or done something stupid, I mean, then you don't understand what's going on out there. Now, mine have probably been more public than other people, but so what? I don't wake up in the morning and say, oh, in a mistake, got myself fire from the White House. Let me kick myself in the pants again. I'm just not doing that. You shouldn't do that. And I think that's the way you come back.

It's always a fight with yourself more than anything else. Okay, let's keep going. YouTube, D.K. Rowan, number 17. Who are you supporting for Marin White? So I was asked this question last month. I said Andrew Cuomo. And I still am supporting Andrew Cuomo, the election. is in two weeks. I'd like to see Andrew win because I think he has the experience. And I think he's

also had some political setbacks that's made him a wiser, more mature person. I would like somebody like Andrew helping the police department and make the city cleaner. Remember, Andrew started a homeless shelter 35 years ago, so he actually even understands how to address a homeless situation in this city. And generally, when he was governor, he generally did a good job. However, affordability is a big issue right now, and Mondami has run a good campaign. Whether you like or dislike him, he's run a good campaign. He has popularity, and I'll say something to you that Jamie Diamond said. If he does win, and I still predict Andrew will win, I think he'll upset Mondami.

But if Mondami does win, I will raise my hand, and I will do the best I can to try to help him. Because I think we owe that to each other in our lives, particularly us that live here in the city of New York. I'm not saying it'll accept my help, but I think you have to think like that. Okay, YouTube, Matt's on 9999 are traditional retirement accounts at risk with the increasing national debt and the chaotic national leadership. Well, yeah, the obvious answer is yes. Can't have a national debt. It goes completely out of control and we end up with a 200 or 250% debt to GDP ratio. Okay, we're at ridiculously high levels now, levels that we haven't seen since the end of the Second World War.

And so all I'm saying to people is we've got to get the debt under control. Because if you don't get the debt under control, you're going to create hyperinflation, and you're going to monetize that debt by just creating more dollars. Said differently, you'll create a $34 trillion coin and you pay off the debt. And then everybody's poorer, everybody's weaker, and you've really debased the currency. And so, yes, I think people have to know that they should pick up the phone and call their congressmen or their senators and say, hey, what are we doing about the debt? We got to get it out of control. We got to have a 25-year plan to get it under control. Because if you don't do that, what's going to end up happening is we're going to hyperinflate to get ourselves out of the debt. So we definitely don't want that. But if you're asking me straight up, are they at risk? I do. I do think they are at risk. This is from Sky. Scott Schneider, I-7T. I mean, I would love to be asking these questions, like, what is I-7-T mean to Scott

Schneider? But my story, it says your story is unique, Anthony, your path is atypical. Your mind is clearly a thoughtful one. Well, thank you. I'm not sure that this is a question, but perhaps you might share something about your political journey where you came from with your thinking and where you are now. What would you like to see for our? shared future and where is the soul of America, how we might course correct. So this is such an

amazing question or observations. Guys, let me just say this. And I don't want to be hagiographic about America. I want to tell you, like, if you read Jill Lapoor's book, These Truths, we have a soaring, idealistic history, and we have this very cynical, sorted, tragic history combined. And so we have soaring rhetoric about freedom, a decentralized government, lots of freedom in the country that's led to erotocracy and then contemporaneous to that. We had people enslaved and we've had institutional forms of racism that have really set back black and brown people. So we have this whole combination of things going on at once. But what we stopped doing is we stopped unifying to make our unionizing to make our. union more perfect. Now, I'm not saying it is perfect. We're just trying to make it more perfect.

They're trying to make it slightly better. And so for me, when I sit back and look at my life or look at the traditional values of the family I grew up in or the unconditional love affair that my grandparents had with the country, what I would say to you is we need more civic duties in the country and we need more civic responsibilities in the country. And we need to put people from California together with the people from the Dakotas and the New Yorkers together with the people from the South. And we need to recognize that we have one common identity as Americans. And we need to recognize that it's okay to live an alternative lifestyle than the one that we ourselves are living. And if we do those things, geez, I think we're going to be way, way better off. And unfortunately,

Our leadership lately has decided that the way to get power is to express divisiveness and to divide us. And so I don't see that as America long term. So any event, that's my thoughts there. All right. That's a wrap today for the question and answer episode on Open Book. I hope you enjoyed it as much as I did. I thought there were some great questions, some of which I had to really step back and think

about. And remember, I am reading all your comments. I'm going through the comments, primarily because my producers are yelling at me too. And so I'll listen, the good, bad, and the ugly, you don't like what we're doing. Tell us, we'll try to change it if we agree with you. So tell us what's on your mind. Keep sending the questions. And if I missed your question, we'll be back next month with another round of answers.

And in the meantime, please, somewhere down here, or maybe it's up there, maybe it's over here. I don't know where it is. Hit the button. subscribe. Okay, you'll get a notice that we're on. It'll help us with our ratings. It'll help us with our YouTube algorithm. I mean, be a pal. You're asking the questions. You're coming on to listen. So hit the button somewhere, please. Until then, let's keep the conversation going. And I'll see you next time. When a country's productivity cycle is broken, people feel it in their paychecks, their communities, their futures. What does this mean for individuals, communities, and businesses

across the country? Join business leaders, policymakers, and influencers for CGs' national series on the Canadian Standard of Living, Productivity, and Innovation. Learn what's driving Canada's productivity decline and discover actionable solutions to reverse it.