Animal Spirits Podcast cover image

A National Housing Emergency (EP. 428)

Animal Spirits Podcast

00:00

Wealth, Legacy, and Market Dynamics

This chapter explores the contrast between old and new money, using the Vanderbilt family's historical wealth as a case study, while reflecting on a recent trip to Newport, Rhode Island. The discussion shifts to current market dynamics, comparing them to the dot-com bubble, with a focus on stock valuations and the implications of significant corporate investments in AI. Personal anecdotes and light banter enrich the conversation, highlighting issues of wealth inequality and the evolving landscape of capitalism.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app