Zach Karabell: Inside Money | SALT Talks #214

Zachary Karabell is the Author of “Inside Money: Brown Brothers Harriman and the American Way of Power”. He is also the founder of the Progress Network at New America, and president of River Twice Research and River Twice Capital. Previously, he was Head of Global Strategies at Envestnet, a publicly traded financial services firm. In Inside Money, acclaimed historian, commentator, and former financial executive Zachary Karabell offers the first full and frank look inside this institution against the backdrop of American history. Blessed with complete access to the company's archives, as well as a thrilling understanding of the larger forces at play, Karabell has created an X-ray of American power--financial, political, cultural--as it has evolved from the early 1800s to the present. Today, unlike many of its competitors, Brown Brothers Harriman remains a private partnership and a beacon of sustainable capitalism, having forgone the heady speculative upsides of the past thirty years but also having avoided any role in the devastating downsides. The firm is no longer in the command capsule of the American economy, but, arguably, that is to its credit. If its partners cleaved to any one adage over the generations, it is that a relentless pursuit of more can destroy more than it creates. ————————————————————————— For podcast transcripts and show notes, visit salt.org/talks Watch this video on YouTube: https://youtu.be/WwLACgyGWak Developed, created and produced by SALT Venture Group, LLC. Moderated by Anthony Scaramucci.