Mark Yusko is the founder of Morgan Creek Capital Management. In this wide-ranging conversation, he and @NLW discuss:
- Why bitcoin has fallen with stocks over the last few weeks
- Why price and value are not the same thing
- Why stocks have been manipulated
- An argument for buy backs being illegal
- Why cronyism is not capitalism
- Why bailouts and other types of intervention help zombie companies that should perish
- A debate about whether the “cure is worse than the disease”
- The costs of a 0-risk tolerance
- The polarization of health vs. economics
- Why there should be a market holiday
- Why bitcoin is the last and only free market
- Why the big market announcements are always on Sunday
- Why we’re headed to debt jubilee
- There is a non-zero probability that Trump tries to cancel the election
- Why a lack of leadership is the biggest cause for pessimism today
The Breakdown