Pivot Facebook is So Meh-ta, Biden's Budget Package, and Friend of Pivot, Aswath Damodaran
Nov 2, 2021
Aswath Damodaran, a finance professor at NYU Stern known for his valuation expertise, joins the discussion on pressing financial trends. He dives into the implications of Biden's ambitious spending bill and critiques billionaire tax policies. The conversation touches on the future of SPACs, the rise of meme stocks, and the evolving dynamics in the market dominated by big tech. They also humorously dissect Facebook's rebranding to Meta and examine corporate accountability in a shifting workforce landscape.
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Generational Shift
- 3 million Baby Boomers retired early during the pandemic, impacting the labor shortage.
- Millennial bosses are now afraid of their Gen Z employees, per NYT reporting.
Great Reassessment
- The "Great Resignation" should be called the "Great Reassessment" as workers re-evaluate their lives and work.
- Increased wealth and pandemic-induced changes offer opportunities for a life reevaluation.
Entitled Consumers
- Consumers have become entitled and unreasonable, impacting frontline workers.
- There is an increase in entitled consumer behavior and its negative impact on service workers.