MI Rewind: Future of the Financial Markets? w/ Howard Marks
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Future of Finance Is at Play
Five per cent of our country is accredited. Most are in a retirement age and are not cipating that much in risky start ups. So we're talking about, what, 200 thousand angels, 400 v c firms. That's your market. And if you don't get money from v c angels, what are you supposed to do? The banks won't lend to you. You have to go to your friends and family. But that goes just so far. I pondered that and said, look, the answer could be, the future of finance is at play here,. Why is that? Was rich entertainment on a medium that was access able, like the compact disk.
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