Cronyism, Zombie Companies and the True Cost of the Corona Crisis, Feat. Morgan Creek's Mark Yusko
Mark Yusko is the founder of Morgan Creek Capital Management. In this wide-ranging conversation, he and @NLW discuss: Why bitcoin has fallen with stocks over the last few weeks Why price and value are not the same thing Why stocks have been...
March 24, 20201h 3m
Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Mark Yusko is the founder of Morgan Creek Capital Management. In this wide-ranging conversation, he and @NLW discuss:
- Why bitcoin has fallen with stocks over the last few weeks
- Why price and value are not the same thing
- Why stocks have been manipulated
- An argument for buy backs being illegal
- Why cronyism is not capitalism
- Why bailouts and other types of intervention help zombie companies that should perish
- A debate about whether the “cure is worse than the disease”
- The costs of a 0-risk tolerance
- The polarization of health vs. economics
- Why there should be a market holiday
- Why bitcoin is the last and only free market
- Why the big market announcements are always on Sunday
- Why we’re headed to debt jubilee
- There is a non-zero probability that Trump tries to cancel the election
- Why a lack of leadership is the biggest cause for pessimism today