Anthony Pompliano - Full Tilt Investing

**Patrick O'Shaughnessy** (0:00)
This episode of Invest Like the Best is brought to you by Paxos. I have personally interviewed Paxos' CEO, Chad Cascarilla, on this podcast before, and I'm excited about how they're changing the crypto landscape. Whether you're a small fintech or a large financial institution, with Paxos crypto brokerage, you can offer your customers crypto buying, selling, transferring, and more, all with Paxos' easy-to-integrate APIs.
Paxos takes care of everything in the backend, from licensing and compliance to custody and exchange.
You can start offering crypto to your customers within months. I've gotten to know Paxos over the years and have been personally impressed with their track record. With clients that include PayPal, Venmo, Revolut, and Bank of America, they are the most trusted infrastructure provider for crypto and blockchain. I'm excited that more fintechs and banks are starting to offer crypto features and Paxos crypto brokerage is the best way to get to market quickly and safely. To learn more, visit paxos.com forward slash Patrick. That's paxos.com forward slash Patrick. This podcast is sponsored by CFA Institute, the global association of investment professionals whose mission is to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. CFA Institute serves a global community of investment professionals working to build an investment industry where investors' interests come first, financial markets function at their best, and economies grow. The Chartered Financial Analyst credential is the most respected and recognized investment management designation in the world. The views expressed in this podcast do not necessarily represent the views of CFA Institute.
Hello and welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best. This show is an open-ended exploration of markets, ideas, methods, stories, and of strategies that will help you better invest both your time and your money. You can learn more and stay up to date at investorfieldguide.com.

**SPEAKER_2** (1:58)
Patrick O'Shaughnessy is the CEO of O'Shaughnessy Asset Management. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of O'Shaughnessy Asset Management. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
Clients of Oshanose Asset Management may maintain positions in the securities discussed in this podcast.

**Patrick O'Shaughnessy** (2:23)
My guest this week is Anthony Pompliano. Pomp began his career in the military and has since been a successful entrepreneur, worked as a head of growth at Facebook and started Full Tilt Capital, an early stage investing firm in North Carolina. This conversation has three memorable sections. Early on, we discussed the four traits that Pomp looks for in founders, which we cover in detail. These double as traits that are important when hiring anyone.
Next, we discuss his unique take on cryptocurrencies, where he is excited about the prospects for tokenized securities. Finally, we explore a unique media company, Barstool Sports, and what makes it such a powerful brand. Please enjoy our somewhat abbreviated discussion and know that we will continue the conversation soon.
Anthony, this is going to be a really fun, wide ranging conversation given the diversity of things that you've done in your past. Maybe it would be fun in this case to start chronologically. You've got an unusually long military background relative to most people I've had on the podcast, kind of a unique angle or start to a career. Maybe we could just start there by you describing what you were doing. I know you spent some time in the intelligence side of the military and we'll use that as a way to get into the rest of your career.

**Anthony Pompliano** (3:28)
Absolutely. So I started my career, spent six and a half years in the army, both in and out of the reserve and active components.
Did an appointment overseas to Iraq and did everything from infantry to route clearance, kind of looking for roadside bombs, ambushes, and then intelligence support. So basically when things would go wrong or anything would happen while we were on the ground with the infantry units gathering intelligence and bringing it back to help the actual intelligence teams piece everything together.

**Patrick O'Shaughnessy** (3:54)
So when you first commit, I'm sure it's not as long of a commitment as you spent over there, which implies that you probably recommitted to spend more time.

**Anthony Pompliano** (4:00)
Yeah. So I actually signed most military contracts actually eight years, right? So people who just go active all the way through, they do, I think it's like two or four years active, and then the rest of the remainder of the eight years, they spend on an individual ready reserve, an IRR, which basically means you're out kind of unless we really need you and then we can pull you back. And then after that eight year period, they're completely out.