Open Book with Anthony Scaramucci

This is our final episode of the year on Open Book, and I wanted to slow things down for a moment and take stock of what we’ve built together. Over the past year, we sat down with extraordinary authors, historians, thinkers, and storytellers—people who spent years wrestling with ideas so we could absorb them in hours. This episode is a reflection on those conversations, the books that shaped them, and why reading remains one of the highest-return investments you can make in your own life. Anthony's Favorite Books of 2025: Circle of Days by Ken Follett I Regret Almost Everything by Keith McNally Why Nothing Works by Marc J.Dunkelman Who Knew by Barry Diller 1929 by Andrew Ross Sorkin 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

This conversation dives into inflation, affordability, and why the Federal Reserve’s next moves will shape markets heading into 2026. We unpack Trump’s pressure on interest rates, the politics behind choosing the next Fed chair, and how global liquidity—from AI-driven growth to the yen carry trade—ripples through stocks, currencies, and crypto. Along the way, we explore why Bitcoin’s stalled momentum may be a contrarian signal rather than the end of the story. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Follow Anthony on X: ⁠⁠⁠https://x.com/Scaramucci⁠⁠⁠ Follow Novo on X: ⁠⁠⁠https://x.com/novogratz⁠⁠⁠ 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. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mike and I discuss why we're "nervous bulls" on markets—with the Fed cutting rates and Trump pumping money into the economy, valuations look attractive, but an exploding wealth inequality gap and growing political backlash could trigger a revolution that ends the bull market. We dive into housing affordability (half of America earns below what's needed to buy a home), tokenization's global impact, Abu Dhabi's rise as a financial hub, and what economic warning signs would make us turn bearish. 📚Mentioned in this episode: The Hour Between Dog and Wolf by John Coates Streetwise: Getting to and Through Goldman Sachs by Lloyd Blankfein Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Follow Anthony on X: ⁠https://x.com/Scaramucci⁠ Follow Novo on X: ⁠https://x.com/novogratz⁠ 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. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kate Vigurs is an independent historian, author, lecturer, and academic advisor. She is the author of Mission France and is a frequent contributor to TV, radio, and the press. Get her wonderful book Mission Europe: The Secret History of the Women of SOE 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

George Kikvadze is the Founder of Cryptic8 VC, investing at the intersection of technology and longevity. He is also Vice Chairman and an early backer of Bitfury Group, the company at the heart of this book. A Bitcoin pioneer since 2013, he was privileged to be behind three tech unicorns - Bitfury, Cipher Mining, and Hut 8 - with a combined value exceeding $12 billion. A graduate of Wharton and Johns Hopkins, George enjoys tennis, chess, and raising his two sons. Bill Tai has funded startups since 1991, with 23 becoming publicly listed companies. An early backer of Zoom, Canva, and Dapper Labs, he also co-founded data pioneer Treasure Data (acquired by SOFTBANK) and IPInfusion (TSE:4813). Originally a chip designer at LSI Logic and Taiwan Semiconductor, he later led semiconductor IPOs at Alex Brown & Sons. He holds a BSEE from the University of Illinois and an MBA from Harvard, where he advises the Dean. He chairs ACTAI Global, uniting entrepreneurs and innovators for tech-based conservation. Learn about the inside story of Bitcoin in this great new book, And Then You Win: A Start-Up's Untold Story of Grit, Grind, and Glory 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