FT News Briefing ‘Generation Moonshot’ investors
Aug 3, 2022
Tensions rise as China blocks imports from Taiwanese food producers following a high-profile U.S. visit. Uncertainty looms over SoftBank with leadership questions after key departures. A new wave of investors, dubbed the ‘Moonshot Generation,’ dive into high-risk markets like cryptocurrencies and NFTs, driven by tech advancements and low-cost trading platforms. Social media influences their decisions, adding to the thrill yet increasing the pressure of FOMO. The conversation navigates the balance between risk and rationality in an uncertain economic climate.
AI Snips
Chapters
Transcript
Episode notes
China's Retaliation
- China blocked 2,000+ Taiwanese food imports following Nancy Pelosi's visit.
- This is seen as economic retaliation for the visit, escalating tensions.
SoftBank Succession
- SoftBank faces succession concerns as Masayoshi Son nears retirement age.
- Despite executive departures, Son claims he's fit and wants to lead beyond 70.
Generation Moonshot
- The 2008 financial crisis shook Americans' faith in traditional financial paths.
- This led to a new generation of investors called "Generation Moonshot."