3min chapter

The Compound and Friends cover image

This Is What the Bottom Sounds Like

The Compound and Friends

CHAPTER

Are We Going to Be Fans of Them?

Mac donald apparently recorded a comedy special before he passed away, and they sat on it all this time. I just tink it's sped up, isay, faster? Yes. Its everything that its on a five or ten exclub, which is the way it's been. Back then, interest rates were seven %, right? And now we can't even handle a one percent fed fund's rate. That', that's a pretty scary situation. It kind of makes sense ome where we were at a much higher level of absolute valuations for companies who hadn't really validated their economics.

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