Episode 17: Wall Street's most famous man reveals the truth about money

In this episode of the Mighty Pursuit Podcast, we sit down with the most famous man on Wall Street – Peter Tuchman. For over 40 years, Peter has been a trader on the floor of the New York Stock Exchange. Due to his resemblance to Albert Einstein, he started to become known as the Einstein of Wall Street in the mid-2000s.

 

At one point or another, all of us have heard the phrase “money doesn’t buy happiness”.  And yet.. we’re still not convinced. Is that something rich people just say to make everybody else feel better? In-fact, from an outsider’s point of view, it would appear that money does unlock greater freedom, access and power. And it’s those things, we believe, that will make our lives better.

 

Fortunately, few people have as much authority to verify if this is true than Peter. For over four decades, Peter has been immersed in the world of wealth. On a personal level, he has been extremely successful trading for large hedge-funds, and he’s also gotten an inside look into the lives of the wealthiest people in the world. 

 

So in this conversation, we aim to set the record straight when it comes to money. What actually happens when you become wealthy? Does that improve your life? Does it make you happier and more secure? This episode will leave you with a greater understanding of how to frame money in your life, and give you greater insight into the role it plays in the happiness equation.

 

Chapters:

0:00 - 1:43 - Intro

1:43 - 7:38 - Peter’s rise to fame on Wall Street

7:38 - 13:59 - Why do people invest in the markets?

13:59 - 23:01 - Does money buy happiness?

23:01 - 33:03 - Observations about wealthy people

33:03 - 40:18 - Is there a “satisfied” point of wealth?

40:18 - 48:42 - The financial crises of 1987 & 2008

48:42 - 54:09 - The importance of spirituality

54:09 - 57:19 - The Maslow hierarchy of needs

57:19 - 1:02:30 - Money can make you feel invincible

1:02:30 - 1:15:00 - Money can’t buy you out of loss & grief

1:15:00 - 1:17:54 - What do you do when life fails you?

1:17:54 - 1:21:15 - Making wise decisions with money

1:21:15 - 1:23:38 - Can you get rich too quickly?

1:23:38 - 1:26:36 - Is there such a thing as too much wealth?

1:26:36 - 1:37:02 - GameStop craze + tips for getting started with trading

1:37:02 - 1:38:27 - Other forms of investing money

1:38:27 - 1:43:07 - Is suffering necessary for growth?

 

Einstein of Wall Street on Social Media:

Instagram: https://www.instagram.com/einsteinofwallst/

Twitter: https://x.com/einsteinowallst

 

Mighty Pursuit Links:

Website: https://www.mightypursuit.com

Instagram: https://www.instagram.com/mightypursuit/

TikTok: https://www.tiktok.com/@mightypursuit/

 

For business inquiries: hello@mightypursuit.com