What did Anthony Scaramucci do before briefly entertaining us/appalling us as press secretary? He was the very successful founder of Skybridge Capital. By successful, I mean that he made a lot of money from mom and pop investors and provided them with below average returns. See Skybridge Capital’s own dismal report card.
In the very engaging Freakonomics broadcast of The Stupidest Thing You Can Do With Your Money, the host, Stephen Dubner, interviews Scaramucci about his hatred of the Fiduciary Rule and of index funds. Scaramucci’s answers are worth thinking about. It’s a shame he didn’t think about them.