#818: John Arnold with Dr. Peter Attia — The Greatest Energy Trader of All Time on Lessons Learned, Walking Away from Wall Street, and Reinventing Philanthropy

In this special episode, my friend—and fan-favorite guest—Dr. Peter Attia takes the mic as guest host. Peter sits down with legendary trader John Arnold, widely considered the greatest energy trader of all time. Today, through his foundation Arnold Ventures, John applies the same rigorous thinking to some of America’s toughest social challenges—criminal justice reform, healthcare policy, and K–12 education, to name just a few. This interview originally aired on Peter’s excellent podcast The Drive. You can check it out at PeterAttiaMD.com, or subscribe to The Drive wherever you get your podcasts.

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Timestamps:

[00:00:00] Start.

[00:05:37] Peter Attia's intro: who is John Arnold?

[00:08:38] John's background, upbringing, and early entrepreneurial tendencies.

[00:21:16] John's time and rise at Enron.

[00:33:40] Characteristics that made John an exceptional natural gas trader and how they translate to his philanthropic work.

[00:41:10] The collapse of Enron.

[00:46:46] The success of John's hedge fund, and his early interest in philanthropy.

[01:02:03] The infamous 2006 trade that brought down Amaranth Advisors.

[01:08:28] John's analytical prowess and emphasis on fundamentals.

[01:15:13] The decision to become a full-time philanthropist and the founding of Arnold Ventures.

[01:25:03] Education — John's quest to fundamentally change K-12 education.

[01:30:36] Strategic philanthropy — preventing problems by attacking root causes and creating structural change.

[01:37:50] The criminal justice system — structural changes needed to address mass incarceration, policing practices, and recidivism.

[01:55:07] Re-imagining prisons to reduce recidivism.

[02:02:27] US health care policy — John's focus on drug prices, and the severe consequences of not making system changes.

[02:20:00] Climate change — the bipartisan role of John's foundation.

[02:23:52] Advice for young adults interested in philanthropy.

[02:30:52] Parting thoughts.

*

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Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.

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