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#AIS: Bestie AMA with Valor's Antonio Gracias
All-In with Chamath, Jason, Sacks & Friedberg
The Long Term Cycle, You Make More Money
The financialization of the pianel led to the decline of american manufacturing, in part. If you're a ceo of a business, and you construct your employment agreement and it's based on a certain kind of earnings in a certain period, a certain earnings per share, the incentive to then drive financialization goes up. The short term cycle, you make more money. O the long term cycle,you make less money. I man had another way to think about it.
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