The Compound and Friends cover image

The Compound and Friends

“Big Short” Investor Bets on a Crash

Aug 15, 2023
59:32
Snipd AI
Guest Michael Burry, investor from the movie 'The Big Short', talks about retail earnings, stock picking, interest rates, and the future of Paypal. They also discuss consumer spending, July retail sales, resilience of high and low-income earners, valuation in different sectors, funds raised for distressed commercial real estate, declining stock price, and upcoming episodes.
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Podcast summary created with Snipd AI

Quick takeaways

  • Apple has consistently outperformed the S&P 500 with a 17% annual return since 2010.
  • PayPal's stock has declined by 80% due to competition from Apple Pay and Google Pay.

Deep dives

Apple beats the S&P 500 with impressive average annual returns

Since 2010, Apple has consistently outperformed the S&P 500, averaging a 17% annual return.

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