January 1, 2000 • Interview Setting (unspecified)
Jeffrey Epstein’s Interview with Steve Bannon - Infograph
FROM TRADER TO TRUSTEE: Reflections on Finance, Power, and the Unexplainable
📝 SMikhail
💼
Board
Rockefeller University
Joined late 80s / early 90s for financial expertise
🌍
Trilateral
Commission Member
Young member (early 30s) invited by David Rockefeller
🔬
Santa Fe
Institute Founder
Funded to study complex systems mathematically
📞
2 Calls
From Solitary
Made collect calls during 2008 financial crisis
- Joined Rockefeller University board (~1989/91) to provide financial expertise in a new quantitative era
- David Rockefeller invited him onto the Trilateral Commission (first meeting in Tokyo, early 90s)
- Observation: World leaders are often financially/economically illiterate
- Belief: Finance is not understood systemically by most, including elites
- Was in solitary confinement in Palm Beach County Jail during Lehman Brothers collapse
- Wore a brown jumpsuit labeled 'TRUSTSY' (misspelled 'trustee')
- Made two collect calls: one to Jimmy Kaine (Bear Stearns), one to JP Morgan contact
- Analyzed the crisis as a systemic failure, akin to a medical emergency—needing liquidity ("blood") pumped in
- Insists he never had a moment of self-reflection about his predicament during the event
- Founded/ funded in early 1990s to apply mathematics to complex systems (finance, biology, etc.)
- Involved figures like Murray Gell-Mann (Nobel laureate) and Chris Langton (artificial life)
- Core goal: Find predictability in seemingly chaotic, interconnected systems
- Conclusion: The project was a "total failure"—many phenomena (like the soul, intuition, market feelings) resist mathematical description
- New insight: Science/math may be the wrong tools for the "unexplainable"; women's intuition, for example, operates in this realm
- Believes firmly in the soul ("the dark matter of the brain") as an animating, unexplainable force
- Draws parallels to limits in physics: Newton's gravity (named but not understood), quantum mysteries
- Great traders operate on "feel," not just math
- Advocates for a new kind of thinking beyond traditional measurement to address the "unexplainable" aspects of life, consciousness, and complex systems
KEY QUOTES
"No one understands the [financial] system. It's a miracle."
"The soul is obvious to everyone that there's something different between things that are alive and things that are not alive. But we have no idea what it is."
"[The Santa Fe Institute] was a total failure."
"It's impossible to understand. That word understand simply means if this happens here, that will happen there. It's predictable. Understanding means it's predictable. It's not predictable."
Santa Fe Institute
complexity theory
financial crisis 2008
Lehman Brothers
Bear Stearns
Trilateral Commission
Rockefeller University
David Rockefeller
Murray Gell-Mann
quantum physics
soul
mathematics
Wall Street
solitary confinement