Lionel Barber is former editor of the FT. His latest book is ‘Gambling Man’ a biography of SoftBank CEO Masayoshi Son, known as Masa, a venture capitalist who has made and lost hundreds of billions with his bets on technology. Lionel’s book: https://www.penguin.co.uk/books/451627/gambling-man-by-barber-lionel/9780241582725 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🚀 How to start investing - free guide https://makingmoney.email/investing-video 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney Tide - Get 4.07% AER Variable for your business account: https://tide.co/offers/makingmoneyq1 MoneyWeek - Get 6 editions of quality financial journalism for free: https://moneyweek.com/makingmoney. ✉️ Get a summary of this episode through our newsletter: Sign up: https://makingmoney.email/S5E7 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Intro 00:42 - Who is Masa? 07:34 - Addiction to risk 10:55 - Being an outsider 15:00 - His father’s son? 19:09 - Tide ad 20:12 - Getting turned down by Warren Buffett 22:38 - The richest man in the world 27:16 - How much money has Masa actually lost? 30:56 - Is it more luck than skill? 33:58 - How Masa is seen in Japan 38:28 - Vanta ad 39:27 - Disrupting the system 48:38 - AI 52:19 - Masa’s investing strategy 56:55 - What next? 01:00:02 - Is Masa happy? 01:06:43 - What do Obama and Putin have in common? 01:09:35 - How to interview Donald Trump 01:12:35 - How to interview Putin 01:15:54 - How to get started with investing