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E88: First principle politics, China chaos & outlook, state of private/public markets & more
All-In with Chamath, Jason, Sacks & Friedberg
Stray and You Literally, Yo
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Black rock has lost one point seven trillion dollars in six months. This is the largest amount of money lost by a single firm six months period in history. Black Rock's passive equity holdings are now ten times larger than its active holdings. Collapses in bonmarks this year has shaken money out of active fixed income funds.
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