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On today’s show we discuss:
- Chamath is the pied piper of SPACs
- His op-ed, which was like the pot calling the kettle black, was actually reasonable
- Acorns is coming public
- Will Robinhood users support the stock?
- Ben’s Guy Fieri theory of markets
- How companies are spending their money, and it ain’t just buybacks
- Stablecoins pass $100 billion
- Icahn may get into crypto
- Rents are rising on the low end and dropping on the high end
- Why you should wait out the wild housing market
- Millennials are stressed (not sure I buy this)
- A dumb article about somebody with money worrying about money
people just looked older in the past. Not like a long time either. This is like 1987 pic.twitter.com/27stxDGpLR
— LindyMan (@PaulSkallas) May 24, 2021
I read your 2020 annual letter with interest, @chamath. Odd it was published in late May, but we’re all busy. Before commenting on this incredibly bad take of a comparison to Berkshire Hathaway, allow me to help you with some math. First, 1965 to 1974 is TEN years, not nine. 1/ pic.twitter.com/6nmjn1SzEd
— Christopher Bloomstran (@ChrisBloomstran) May 30, 2021
The summer doldrums for U.S. stock traders may have arrived before Memorial Day this year, as a colleague's chart shows. pic.twitter.com/FxLmgULMGo
— Dave Wilson's Chart & Stock of the Day + (@TheOneDave) May 25, 2021
— Michael Batnick (@michaelbatnick) May 28, 2021
I find the fixation on 1970s inflation puzzling for several reasons. Inflation really wasn't that high, certainly not by the standards of "historically memorable inflations." Also, high inflation was good for a lot of people. Student loan debt disappeared! Home ownership spiked!
— Binyamin Appelbaum (@BCAppelbaum) May 25, 2021
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