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Wall Street Legend Jim O'Shaughnessy - A Calm Voice in Turbulent Times (EP.222)
Panic with Friends - Howard Lindzon
Is the Stimmy Bad for Unintended Circumstances as Socialized Losses?
"I'll never get over that because I'm a foreigner," he says. "Socializing losses is horrible because people who are really rich, who got rich by taking risks, should pay the price when the risks go against them" The government tried to mitigate that with the PPP, the Paycheck Protection Plan. And like then, of course they vilified anyone who took it; even if they paid it back,. Even though 80% of them didn't getting paid back, we didn't get paid back about it.
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