@ludoonchart When he takes the money out of the Roth IRA he has to pay ordinary income tax on that $$. And if he leaves it to his kids they have to pay ordinary income tax. So it grew tax free but the co sumptuous derived from that $$ is taxed.
@TomLeeTracker lol. So $4T moves to the public markets and gets diversified. It doesn’t get sold and there is a run on yachts, which is what these hair-on-fire idiots might think.
@MilkRoadAI Utilities have 20-25 multiples. They are not asset light and they capitalize most projects. If hyper-scalers capitalized their projects, like most asset heavy businesses, their earnings would be a lot higher. And current PE's would be much lower.
@MilkRoadAI This is the same guy who thinks Thoma Bravo got out of their Medallia investment without a loss - which is silly. He doesn't understand capital structure math. He gets a lot right, but he also gets a lot wrong. Caution is advised when listening.
@chamath Chamath assumes all companied are static enterprises and don't innovate, thus sitting ducks for disruption. Nothing could be farther from the truth...
@VladTheInflator The correlation between this metric and consumption expenditures seems to have eroded over time. But who knows when the correlation comes back. Could be now.