6min chapter

The Compound and Friends cover image

12 Things Everyone Got Wrong About Inflation

The Compound and Friends

CHAPTER

Schwab's Stock Falled From 100 to 50

The big concern about Schwab is that you were going to see a lot of the account holder base migrate away from holding their money market funds. When everyone is afraid of something like that, you can get a panic very quickly. The fears were partly justified because a ton of money left their low. They're basically non-interest bearing accounts and went elsewhere which significantly drove up their cost of capital and squished their margins.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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