Martin Shkreli on Making Billions, Going To Prison, and Being The Most Hated Man In The World

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Martin’s Instagram: / martinshkreli15
Martin’s Twitter: / wagieeacc
VICE Documentary: • Martin Shkreli on Drug...
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Time Stamps:
0:00 - Intro
1:34 - WHY Martin Broke His Probation & Prison Stories
8:19 - Navigating Life After A Federal Conviction
14:09 - Martin’s Thoughts on Authority & Growing Up
22:17 - Martin Shkreli Began Investing As A Child?!
35:15 - The BEST Investment Martin ever made…
46:33 - How Insurance ACTUALLY Works When Buying Drugs
57:53 - You Have to Be CRAZY to Be an Entrepreneur
1:05:53 - Martin on Dealing W/ Hate & Playing the Villain Role
1:11:32 - The Scary Power of Government and Media
1:18:38 - Martin Talks About His ‘FAKE’ Charges
1:23:14 - Why Martin Thinks Trump is Going to JAIL
1:30:36 - Martin Opens Up About Life Inside Jail
1:36:36 - Does Big Pharma Gate Keep A Cancer Cure?
1:42:06 - Martin’s Thoughts on the COVID Vaccine
1:49::39 - Conspiracy Theories, Billionaires, and Politicians
1:56:31 - Martin on the Red Pill Takeover and Content Consumption
2:00:55 - Martin Shkreli on the Population Problem & AI ‘Becoming People’ by 2050
2:13:11 - What Martin Thinks Is A Fair Criticism of Himself
2:19:25 - Closing Thoughts
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[@robbsimpson]

Bros got that Steven hawking posture😂

[@cannalibrium4025]

Looking for this comment. I was wondering what's going on there

[@SS-kg8rj]

Those chairs are super uncomfortable looking.

[@ultrastoat3298]

Looked like he was folding like a taco.

[@jonathanr7520]

I went into the comment section wondering if anyone agreed with me that he has bad posture in this interview lol those fkn chairs

[@chrissv1gri]

And/or Gollum😁

[@randomguy1221]

“Anyone can make money, just look at Mark Cuban” 😂😂😂

[@tmzz3609]

It's true though........ Mark Cuban sold Yahoo a complete garbage company that they completely closed within 2 years after spending billions. It's literally mentions it being the worst corporate acquisition in history on Mark Cubans own wikipedia page.

[@MG-kt1ck]

@@tmzz3609Takes skill to sell smoke tho

[@benchoflemons398]

True though

[@dmitryr1223]

i dont think mark cuban is a dummy, but grant cordone is a complete scammer scum

[@KurtisB]

I remember when Graham wasn’t too invested in this channel. Now it’s almost at 1M subs. Good thing Jack convinced him to stick it out. 😂

[@kevinthomas6311]

I agree, but don’t forget the video Houston did with him. Houston advised graham to bring on bigger more exciting guests. Graham listened

[@amShyziJR_]

Jack got his extra % at the right time! Haha

[@chrisarzu5196]

I don’t even watch the main channel anymore, only watch the podcast now, mind you I love both Graham and jack

[@Triniboi05]

​@@chrisarzu5196Yeah I don't watch his main anymore either. It's gotten boring and repetitive.

[@CHAAWCOLATE]

If you think your good at excel, just watch Shkreli use it

[@nij780]

True!

[@MikhaelWebb]

Yeah, his finance lessons were 🔥

[@MOTM1234]

Frfr

[@eden5260]

​@@MikhaelWebblistening to those on 2x speed with him typing on his keyboard is the best ASMR

[@sirrom5155]

My good at excel what....

[@NotSoProGamers1]

Bruh no way

[@TheIcedCoffeeHour]

Way.

[@colamity_5000]

Shkreli isn't actually that hard a guest to pull I'd imagine. Dude jumps on to twitch streams sometimes.

[@j.zoe7411]

​@TheIcedCoffeeHour wish you guys would've asked him about his time playing a video game called Dragonrealms.. The game he got banned from for" forcing an underage player to give him oral sex" in game.. and he knew it was a kid.

[@murdercom998]

​@@colamity_5000he's on twitch all the time really sweet guy

[@aleksrozum1594]

​@j.zoe7411 Yeah, why didn't you guys ask about this very specific thing that hardly anyone knows about???

[@zachary949]

Homies shoulders are stressing me out

[@LividLobster]

I was gonna say he has horrible posture lol

[@nelsonw.9483]

He seems to be perpetually stuck in a low level fight and flight mode. Fun fact: that turtling posture is an evolutionary instinct to protect our vitals from predators, namely the carotids (neck), brachial (arm), and axillary (armpit) arteries.

[@zikaperic2133]

@@nelsonw.9483he looks like stereotypical greedy investor

[@joseluna5934]

Now i cant stop noticing them 😂

[@NekoViper]

@@nelsonw.9483 I remember hearing something about a psychologist believing he has generalized anxiety disorder, which could explain this "stuck in low level fight/flight mode"

[@adamirujo6877]

It’s hard to watch any podcasts older than 6 months old because you guys have gotten so much better…. Keep it up really love this podcast

[@brandonnorris2898]

shkreli is amazing at answering questions in a very round about way. He is amazing at just rambling at topics that are near the question but not actually answering the question

[@OriginaldoBo]

I’m taking notes 😂

[@hisokag4587]

He’s fuckin good

[@greengable-ih7kg]

Man’s neutral

[@Eggs-n-Jakey]

Feels like he's fucking with youngin. Is dude always edgy lol.

[@huckleberryfinn8795]

I think he enjoys telling stories, lots of good bits of knowledge though.

[@tokyosour4215]

Bruh the guests just keep getting better 😭😭

[@TheIcedCoffeeHour]

Hopefully we can continue the trajectory!

[@viceversa7245]

@@TheIcedCoffeeHourwhy are you platforming this psycho? Besides clicks and clout?

[@jacoblloyd2573]

Martin Shkreli!!!

[@nc1772]

Hopefully you can help prevent glorifying people who make this world worse. @@TheIcedCoffeeHour

[@ExoticLlama]

I think you mean worse?

[@Raziaar]

"hey, he's kind of cute, and he has the posture of a 107 year old Mr Burns."

[@justinc4924]

"excellent"

[@RGS578]

Man, Martin really hit the nail on the head about conspiracy theories. It's very comforting having a "solution/explanation" for every problem. It's extremely unsettling for the human mind to sit there and just say, "I don't know" or "I am admitting that I am completely ignorant to this". People feel like they need to know, or be in the know. And they feel the need to hold it over others, that they know. It's an ego thing at the end of the day.

[@fox4534]

Lol he's soooo dumb on all his stuff

[@Anonymous-ld7je]

People also want to feel like there's someone or something in control of everything that happens, that's also comforting. The "man" makes everything happen or not happen. The reality is most leaders barely have any idea what they're doing. They're just fallible people trying to get through life like anyone else.

[@mitchellbrothers990]

Yea. What fool would believe in agenda 2030, id2020, spars 2025-2028, or that the US government was funding bioweapons labs all around the world, including in China. What dumb conspiracy theorists. The 3 towers on 9/11 totally dropped on their own free weight and building 6 totally collapsed due to office fires. What absolute morons would think otherwise.

[@ZekeMan62]

​@@Anonymous-ld7je I don't think that's comforting at all.

[@gr86er]

Unknown is the biggest fear of most people so it's no wonder religion/ideologies are so popular

[@trends-friend]

from what i understand, shkreli blew up his hedge fund trying to short a beaten down biotech that got short squeezed, hid the losses from his investors, and was able to make it all back and then some by getting into another company. i think that was the general idea, and what the big wigs dinged him on, hiding the losses.

[@YoloSwagO]

Since Martin didn't want to go into the details of his criminal charges he was convicted of, thought I'd leave this information from the justice department here: As charged in Count Three, between 2009 and 2014, Shkreli used false representations and omissions to induce investors to invest more than $3 million in MSMB Capital, a hedge fund he founded in 2009. Subsequently, following trading losses, Shkreli sent fabricated performance updates to investors, boasting that the fund had made big profits when, in fact, it had sustained substantial losses. In addition, Shkreli withdrew more than $200,000 from MSMB Capital, far more than the one percent management fee and the 20 percent net profit incentive allocation permitted by the fund’s partnership agreement. As charged in Count Six, between 2011 and 2014, Shkreli used false representations and omissions to induce investors to invest more than $5 million in MSMB Healthcare, a hedge fund founded by Shkreli after the implosion of MSMB Capital. Additionally, Shkreli used MSMB Healthcare assets to pay obligations that were not MSMB Healthcare’s responsibility. As with the MSMB Capital scheme, Shkreli withdrew more from MSMB Healthcare than the one percent management fee and the 20 percent net profit incentive allocation permitted by the fund’s partnership agreement. As charged in Count Eight, between 2012 and 2014, Shkreli and his co-defendant Evan Greebel, an attorney who served as outside counsel to Retrophin, engaged in a scheme to defraud investors and potential investors in Retrophin by attempting to illegally control the price and trading volume of Retrophin’s stock. Greebel and Shkreli executed this scheme by, among other things, concealing Shkreli’s beneficial ownership and control of the majority of Retrophin’s free-trading shares. Greebel and Shkreli recruited associates of Shkreli to be nominee shareholders for the majority of Retrophin’s free-trading shares, and they also filed a false document with government regulators to hide the fact that Shkreli controlled those shares. Greebel and Shkreli prevented the nominee shareholders from selling these shares, and also directed that some of the shares be used to settle liabilities owed by the MSMB hedge funds and Shkreli.

[@unluckygamer692]

But Martin's the real victim here according to the video lol

[@YoloSwagO]

​@@unluckygamer692 Bro the whole legal system is rigged! It's like Russia. Also I will not go into any detail about what I was convicted of.

[@asvdavis]

Super helpful, thanks

[@Alesti5]

His charges had nothing to do with him raising the prices of that one drug

[@viceversa7245]

@@Alesti5 it’s America. Of course no one will convict you for scamming the poor, it’s robbing the rich we can’t stand. Don’t know why this is being states as if it was redemptive in any way

[@koolklem7889]

Just wanna say it's great that you are letting the guests talk. So many podcasters are interrupting every 10 seconds 👍

[@dondatrader5609]

Facts

[@Dancing_Alone_wRentals]

Well said....I left Tom.....and jumped over to Chris Williamson...after a week I never looked back. (Catch DOA Ceo these last weeks..they have been funny)

[@austiniscoolduh]

i think they wanted to talk more, but shkreli just wouldnt shut up hahaha

[@artjom01]

He looks like a Rumpelstiltskin from Shrek 3

[@DevHazy]

Where’s the baby

[@Brandon-kw1gi]

This is amazing, the way you guys structure your podcast is refreshing, allowing Martin to Just express himself - rarely interrupting. This is how podcasts SHOULD be conducted. So much value here!

[@dwalker5175]

I have followed the iced coffee hour from the beginning. This is evolving into a serious interview channel with relevant guests. Keep it up.

[@hotgibson123]

Look forward to these every week y’all are killing it!! ❤

[@TheIcedCoffeeHour]

Thank you!

[@MightyWeeks]

1st conversation straight into convict nicknames. This one is going to be a wild ride.

[@Courtney-Alice-Gargani]

I find it so interesting how everything is perspective where one person thinks they’re not doing anything wrong and another person thinks you are.

[@viceversa7245]

The one dude thinks it’s okay because profit, the rest of the society says you’re wrong because you’re allowing people to die due to price hiking. This is not a subtle moral dilemma, it’s a capitalistic psychopath and his band of merry meat riders

[@rileydavidjesus]

He’s the type of guy the CIA looks for. When your moral compass is dictated by the circumstances.

[@memoryhero]

When you're in the realm of just people, yeah, perspective is a big portion of the meta game. When, however, you're trying to get the best grip on lower-level facts (is a specific person alive or dead, did this mofo actually arrive at and hold up the bank, does Boron in fact have one proton more than Beryllium?) - and be dispassionate and as "objective" as possible - this element of (mere) human perspective is no longer an aid but a detriment.

[@jamessmyth5949]

Yeah generally the perspective is known as being delusional. A personality disorder found in many criminals. When the criminal thinks they're doing nothing wrong and the honest people with good morals and ethics think and know the criminal is doing otherwise.

[@mikehallrealestate]

He knows and enjoys the arbitrage that ignoring decency and morality allows

[@iandaut1146]

What made Skreli a target is that he is a self admitted pragmatist. He doesn't care about morals, he cares about numbers and trends and refused to compromise. This is great for what he actually does, I would hate to see him write philosophy that others follow though.

[@DiabeticDawg]

His commentary on how to run society would be a masterclass in externalities for economists.

[@carbiv]

The only reason Shkreli was so villainized is because he is an individual, not a faceless company. Insurance companies do much worse than shkreli all the time and receive little to no publicity.

[@charlieholt1868]

@@carbivthis is very true

[@dustinseth1]

Pursuit of profit has solved more problems and progressed civilization far more than caring ever has.

[@carbiv]

@@dustinseth1 How

[@kiitmo]

Another similar guest you might be able to get is Andy Fastow. He was the CFO of Enron and went to prison for 7 years for his role in their bankruptcy.

[@nathanyoung8284]

Getting Mr. M. Yass himself on would be amazing!

[@thomasream7532]

Not long enough.

[@SpenceHogg]

Put everything else I had on hold today to sit and watch through the whole thing. Great stuff guys.

[@Solo76239]

Happy Sunday y’all!

[@David-sWorldTour]

Bro one of the best episodes ever. Great job u guys🎉

[@nathanielhaberle638]

Martin Shkreli likes him some Martin Shkreli

[@GeoffreyHiggs]

Been waiting years for this one!

[@thisnotdog]

thanks for having him on. whether you love or hate him, he really has a unique perspective on life and hearing him talk about whatever is usually a treat.

[@charlesleaven]

Dude's super wise. I hope he does more interviews and the kids from our generation learn from him. His character is truly outstanding

[@kazlee6909]

You guys should definitely bring on more people in high finance, really interesting!

[@Selahroo]

Ask him a simple question and you get a pretty in depth story. Love it lol he's a really great story teller! Seems as though he had grown up quite a bit.

[@Melhizoo]

I decide to listen to Martin Shkreli for two and a half hours after getting done working a twelve hour shift, and it was great.

[@patrickmccarthy5617]

Finally an actual interview i clicked on that is worth a listen. Bravo 👏

[@kasenshme6068]

"anyone can make money . . . . . look at Mark Cuban" lol

[@alexdromero13]

The questions you asked were so good!

[@ethanpollak6630]

PLEASE DO A PART 2 WITH HIM. There was so much more I wanted to hear. Very curious to hear a deeper dive into what he's doing now with AI

[@elenad8712]

I had a hard time keeping up, never heard about him until now. Still a great episode!

[@CarlosMendez-gd2zm]

I’ve been waiting for this episode!!!!

[@DJjussi1]

When Graham said “I don’t want to take a bath” it made me think of Martin as Stewie Griffin lol

[@femiftw]

Great podcast! Love the diversity of guests

[@ultrastoat3298]

Homie trying to fold himself like a taco in that chair.

[@Sellingtheberkshires]

Best episode yet!

[@DanRustle]

Epic interview. Big fan of skrelli back from when he did livestreams back in the day v

[@DavidMossMGS]

You guys get such good unique guests!

[@America674]

This is gonna be a good one!

[@blakeschneringer9429]

I love it. Plus dope set

[@dip9995]

He detests arrogance but is very arrogant

[@Shannon_Vlogs]

He’s talking about the orphan drugs but no one is asking about Retrophin’s deal and what happened

[@ItsRandall22]

Epic pod. Now tell us how was the Wu-Tang Clan music?

[@cjgarcia9476]

Great interview

[@alvalankerofficial]

My Brooklyn buddy, I love you Martin, I will always be there for you. Great show.

[@ColombianLNP]

WOW would never expect him on. What a great podcast continue shining guys! Cheers from your biggest fan in Colombia amigos!!!

[@nje32]

Graham and Jack breaking the internet

[@Chris-rv1vj]

Bro ive been waiting for this for so long 😭

[@kaialang]

Me tooo 😂

[@TheIcedCoffeeHour]

Enjoy!

[@GCInvesting]

This is HUGE boys! Way to go!

[@tacoguy5932]

I appreciate the content. Thanks

[@asvdavis]

even the set up has spooky vibes you love to see it

[@jtarvise1068]

Such a great interview, Shkreli is insanely smart.

[@shikhaM1]

Heading towards mil subscribers.. good to see u guys grow!!

[@TheIcedCoffeeHour]

Thank you so much! This last year has been unbelievable!

[@shikhaM1]

​@@TheIcedCoffeeHourYou guys deserve it❤️

[@SchindlerShylock]

Holy moly can't wait to listen to this

[@rafaelavila9]

Yooo this is going to be good

[@mohnjayer]

This is quickly becoming one of the best podcasts on KZbin. Thanks for the hard work, guys!

[@billestep6804]

The feds have such a good win rate because they don’t go after you until they have a slam dunk case.

[@Valpo2004]

It's almost like these guys are professionals and know what they are doing.

[@billestep6804]

@@Valpo2004 feds will investigate for years before you even know it until they have a slam dunk. The state will arrest you on reasonable suspension then investigate while your sitting in jail. That’s why there is a gap in win rates from state to federal. The feds have unlimited resources and the state not so much to investigate. If the fbi arrest you your pretty much fucked. They know everything. Your only hope is to get off on a technicality. Don’t waste your money on a high priced lawyer

[@r9xh]

Or, like Kevin Clinesmith showed, maybe it's because they can alter/fabricate/leak evidence in front of our secret courts with near-impunity (a slap in the wrist for going after a political campaign on direct behalf of the other campaign). But hey, they're on "your team" so get cheering...

[@Pug318]

Very good podcast and I appreciate the discussion on different issues

[@matthewjohnson2702]

Is this upscaled to 4k? it doesn't look clear when blown up?

[@jeffrounsville4961]

Great video

[@dennyo6566]

Crazy guest, congratulations!

[@REmzRoller1028]

idk why but i always been a fan of this man , he's real for better or worst and that's respectable

[@toddalquist3391]

This podcast is damn good - need to check back in

[@JayEs31]

This is possibly your best episode…ever!

[@zachprenovost4527]

Marc Cuban catching strays 😂

[@The_Duck_Man]

You guys should really get Joel Salatin on. Tai Lopez mentioned him in one of your podcasts. After listening to Martin Shreli, I think Salatin would be a really interesting counterpoint. Salatin would say that spending XX% of GDP on Healthcare isn't necessary. Anyways, he would be a cool guest. His business acumen is also great.

[@frisco9936]

Great episode guys!

[@mariwatersflowersayyy2823]

Ego is one hell of a drug.

[@XTen1000DaysX]

Only the best have it

[@nissanzenkiboy]

This guy is smart af you can see it. I like how he speaks his minds lays it out how it is won’t sugar coat it. I don’t agree with everything but his views are not completely invalid and I respect that.

[@Karim-ik5ij]

Yup, legit genius. Sad that he used it this way

[@tdombui]

"I gave a million dollars to my high school which is the biggest gift they ever received which is unfortunate because there's a lot of rich people that went to my high school" 18:49

[@barrymckeown5783]

I really love this guy i can see what he is hated but he is very smart very knowledgeable i could listen to him all day this podcast flew by

[@celtekrider2]

I used to argue with Martin on discord all the time 😂 I told him he was going to go to jail and it happened. I'm glad that he's out now though.

[@joseaguirre744]

Haha, i used to be subscribed to his youtube channel when he had like 4k followers. It's funny how big this guy was when i was in highschool & now i am sitting on the toilet in college having the ability to reach out to this dude. I once had an argument when i was like 14 with the guy who wrote the black people song zflo. I called him racist and he legit was going back and forth me with about the fact that he was black so it was okay. It kinda makes you feel important which is the point that martin was making about twitter & trolling.

[@vevenaneathna]

pharmD MD here, everything shkreli said about insurance and rare drugs is correct. i bought shares in the dmd drug and never understood the media's villainization of him. to me he was made a very convent scapegoat by the PBMs and real evil forces in the us health world

[@dancechica]

Is Bactrim as effective as Daraprim? I had read that antibiotics usually are given to supplement Daraprim for toxoplasmosis

[@vevenaneathna]

@@dancechica lol for most patients bactrim is as effective. you really want daraprim if they have low cd4 count and are hospitalized with that weird pneumonia that hiv people get. its pretty rare though now with how effective HAART is. i would say in 99% of the cases, he is right. most patients with hiv are on bactrim long term already for MAC and so once they end up having PCP pneumonia they really need daraprium since they will already usually have presumed resistance to sulfa abx

[@mineitall7907]

Can't wait to watch

[@TheIcedCoffeeHour]

:)

[@kuya5k]

this gonna be a banger

[@niklasyu4527]

Not the collab we wanted, but the collab we needed.

[@TheIcedCoffeeHour]

Enjoy!

[@saulgoodman2018]

No one wanted or needed.

[@Kyle-li8wi]

Relax, you can listen to someone and disagree with them. @@saulgoodman2018

[@MrVibriocholerae]

​@@saulgoodman2018 Martin is my hero

[@saulgoodman2018]

@@MrVibriocholerae Scammer are you hero?

[@rantlyy]

Wow, this will be fun, easily your best guest

[@TheIcedCoffeeHour]

Thanks!

[@Trap_Mills]

Great episode

[@JamesDecker7]

When he says “insurance companies don’t want to waste their client’s money”. NO. They don’t want to waste their profits.

[@nyahhbinghi]

This bro is a legend but he needs to lift some weights bro!

[@spidaman8888]

I Love these channels: The Iced Coffee Hour, Stock Brotha, & FREENVESTING. Great to watch! ❤ ❤ ❤

[@LSUHEBERT]

Omg the AI movie editing part was so good. Laughed out loud.

[@juxhinburgija2569]

Respect Shqipe 🇦🇱 🇦🇱

[@BiggieSmallpox]

Can’t wait to see how his story ends…

[@johngalt5166]

My Wall Street Bets hero 🤩🤩🤩

[@user-pw8zb5kk4o]

That thumbnail goes HARD

[@elmedinocurraj9357]

Super interview

[@plato1273]

Thank you so much for featuring him, love this guy

[@persianallah5831]

This is wild you got this dude

[@whasian2007]

is it cuz this guy has been on a podcast run recently this is like his 4th or 5th and the iced coffee hour will take anyone lol.

[@micahpolizzi7007]

Assuming healthcare will go to 90% of gdp- while we has humanity are living longer, then saying it’s not because of raising the price of drugs is insane. Healthcare going up is a visible side effect of the consumer being strangled.

[@micahpolizzi7007]

I shouldn’t expect more from someone who thinks a pill can fix poor posture lmfao

[@Joshmarmolejo_]

I tried my best to follow along but it was really difficult because I don’t know enough the medical industry and prescription medicine. I did hear his name a lot a few years ago but never understood what the fuss was about.

[@xela2805]

Didnt once consider the idea that Trump might just be guilty

[@russelllopez6255]

GUYS I HAVE TO STUDY FOR MIDTERMS. WHY DO YOU KEEP BRINGING INCREDIBLE GUESTS?!

[@amithjay6695]

Love this

[@mathiascorriveau]

58:00 love him or hate him, he might be evil or greedy or whatever but I find him amazlingly eloquent, articulated, well-spoken and a great communicator, he's definitely a genius

[@nosleep7026]

Yes genius but he works day and night and is extremely well educated (self-educated), doesnt shy away from subjects he didnt major in. Big part of staying on top of the world is never giving up.