Big Tech Wreck As Earnings Disappoint | Weekly Round Up
Supply Shock
00:00
Yuri Sogoloff, Founder of Y Combinator VC
A friend of mine who's young is all in bonds from her financial advisor. She was like, dude, that makes zero sense. There actually should be a law that says in your 401k, until you are 65, you cannot own bonds. And insurance companies providing this? They're investing in the market and they're keeping the difference between the 3% and what it makes. But it's buried in the back. 4%. They're getting paid more than you're getting paid. You made less than zero in real terms.
Transcript
Play full episode
