AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Maximizing Returns in a Post-Crisis World: The Role of Macro
WEALTHTRACK
The ETF Is a Management Skill, and It Adds Value
You don't want to fight the Fed when it's easing, and you don’t want to fight them when they're tightening. I think that's particularly true now in the United States because we do have so many companies that grew up in an era in which their cost of capital was free. But at the end of the day, companies were all ultimately driven by the same sorts of things: prospect for earnings and the interest rate with which you discount those future earnings.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode