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"I am in awe often of like, did you think about this thing over here? With the cost of capital, what it had been, there are massive numbers of companies that have come into existence as a bet essentially that they also have to say the same," he says. "If interest rates stay low for long enough to incubate, build, and then sell a company, then who cares if it was an illusion because you actually did it."
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Listen to the best highlights from the podcasts you love and dive into the full episode