@dampedspring Well said , bordering on pure cowardice,amazing how many stay silent and pretend they are clever. First lesson on the trading floor in the early 80’s “Don’t confuse bull markets with brains “Endless liquidity and free puts has provided the greatest legitimised heist in history
@chamath Would be worth getting Tony Seba on the Pod ..Has been more right than mainstream financial analysts. His modelling looks at cost curves and productivity curves rather than a linear method of CAGR . Remember with batteries we are moving from peaking power to all day generation
@joerogan How Ironic . I’mAustralian and I only heard about this embarrassing rant by Kim Williams because it came up on my feed by following Joe on X . That’s how irrelevant ABC is . This flog couldn’t run a bath and to give such a dissertation without ever listening to Joe is comical
@chamath Mkt Cap nows begets Mkt Cap thru Indexation ,then add systimatic/Quant/ETF/Structured products that essentially follows "whats working "and you end up where we are . Whats left of active will not take the tracking error for job risk fears . Great company but now its just the Vibe
@ttmygh What do people expect he is a game show host.
He has been told by some production head that the remorseful apology plays well to the investors and viewers from Wokeistan
@SquawkCNBC@verrone_chris Index/ETF/Structured income/momentum quant is now over 60% of market. Any active money left is mimicking because allocators will not tolerate a high tracking error .This leaves SFA active contrarian FUM . No valuation support equals large air pocket . Free Beta over for now
@rickygervais Just yesterday as we in Melbourne passed 246 days to set the World Record for longest lockdown I pinched Granny’s line when she turned 100 to joke with the kids about the last 18 months “ I have seen fuck all… I might as well have been a tree” …thanks for a fantastic show
@vol_christopher Well said Chris... We have subjected our youth to the largest experiment arguably in human history without any checks and balances and arguably without their consent . I sense those in charge think Fiscal Rectitude was a punk band from the late 70’s
@chamath On inequality, history shows at peak you end up with 2 outcomes “pitchforks at the gates”or a ridiculous tax structure that kills incentive . Both don’t work .A Voluntary form of redistribution needs to be implemented. I have a fantastic method that has never been tried .
@abroninvestor MktCap begets MktCap in a passive /ETF Product Market ...right up until it doesn’t like big Tech .The early shorting of Tesla at 300 in the old money was just stupid .Comps to other OEM’s was flawed ... that said when everyone has given up into index inclusion !! Sign me up
@DiMartinoBooth@DougKass Great work !!
Passive and all other “Products “ all doing essentially the same thing means that we have a product market not a stock market now ..in a sea of liquidity in those canyons instead of Main Street this is where we end up ... “Deserve” has got nothing to do with it !!