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There was no greater asset than your name. Especially if you were a banker from the old world. That’s how Edmond J. Safra did business. He started Republic National Bank when he was just 32 years old. And Safra’s first and foremost concern was his customers. He said: “No one will lose a penny in Republic before I lose everything I have.”

In 1999, HSBC bought the bank from Safra for more than $10 billion. He was called the “greatest banker of his generation.” Dan Gross’ most recent book is A Banker's Journey: How Edmond J. Safra Built a Global Financial Empire. Dan had access to Safra’s personal archive — and the story that unfolds is astounding.

Topics Discussed:
0:00 - Introduction to Daniel Gross
10:20 - Warren Buffett-level returns
21:19 - Banking in a time of no deposit insurance or bailouts
24:25 - How to succeed in a world of crowded trades
34:56 - How the $10 billion deal at HBSC was done and protected the people
42:22 - It’s business AND it’s personal


Guest Bio:
Daniel Gross is one of the most widely-read writers on finance, economics, and business history. Over the past three decades, he has reported from more than thirty countries, covering everything from the dotcom boom to the global financial crisis and the Great Recession of 2008–2009.

Gross worked as a reporter at The New Republic and Bloomberg News, wrote the “Economic View” column in The New York Times, and served as Slate’s “Moneybox” columnist. At Newsweek, where he was a columnist and correspondent, he authored seven cover stories. He is a bestselling author of eight books, including Forbes Greatest Business Stories of All Time; Generations of Corning; Dumb Money: How America’s Greatest Financial Minds Bankrupted the Nation; and Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy.

Gross was educated at Cornell University and holds an M.A. in American history from Harvard University. His great-grandparents immigrated to the United States from Aleppo and Damascus.


Resources Mentioned:
- A Bankers Journey: How Edmond J. Safra Built a Global Financial Empire (https://www.amazon.com/Bankers-Journe...)
- Vendetta: American Express and the Smearing of Edmond Safra (https://www.amazon.com/Vendetta-Ameri...)


About Me: I’m Charles Mizrahi. I currently write Alpha Investor — one of America’s fastest-growing investment publications — and have had nearly 40 years of experience as a floor trader, hedge fund manager and money manager on Wall Street.

In fact, I was once named the No. 1 trader in the nation by Barron’s.

But the story of my rise through the ranks is about more than just success — it’s about achieving the American Dream.

You see, I didn’t grow up wealthy. But I did grow up with the belief that America was the greatest nation on earth — a land of freedom and opportunity.

And right now, I’m on a mission to prove that it still is. Although we’re constantly being told by the media that America’s best days are behind her … I know the opposite to be true.

That’s exactly why I started The Charles Mizrahi Show. With this podcast, I want to help you — and as many other Americans as possible — rekindle the American Dream and realize that we, the people, have everything we need to get ourselves back on track.

Each episode features in-depth conversations with high-profile guests who share their own unique American Dream stories, and their views on the current state of our nation.

I’ll also share with you my passion for teaching everyday people how to prosper through America’s greatest wealth creator: the stock market.

Because I believe we all have a patriotic duty to give back to this country — which has done so much for us.

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