BG2Pod with Brad Gerstner and Bill Gurley BG2 Thanksgiving Roundtable: DOGE, EV Tax Credit, Tariffs, Conspiracy Theories, Invest America
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Nov 27, 2024 Join a lively discussion as the hosts explore the competitive edge of U.S. tech versus China's innovations. The conversation dives into the quirky world of DOGE and its economic implications. They also dissect Governor Newsom's controversial EV tax credit plan, examining its local impacts. The evolving landscape of IPOs gets a spotlight, alongside thoughts on Warren Buffett’s generous philanthropy. Tariffs are viewed as strategic tools in negotiations, while the Invest America initiative presents new avenues for financial independence.
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China's Innovation and US Competitiveness
- China's innovation is significant, exemplified by Huawei's new phone and advanced chip manufacturing.
- The U.S. must acknowledge this and focus on its own competitiveness rather than relying on blocking strategies.
Balancing the Budget
- Balance the budget by reducing government spending and growing revenues.
- Doge demonstrates this is achievable, offering a chance to leave a better future for children.
Avoid Compounding IPO Ratchets
- Avoid "dirty term sheets" with compounding IPO ratchets, which misalign investor incentives.
- These prioritize low IPO prices, harming founders and early investors.