Pivot Dow is Up, Santos is Out, and Guest Sixto Cancel
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Dec 5, 2023 Sixto Cancel, the CEO and founder of Think of Us, is on a mission to revolutionize the child welfare system, drawing from his personal experiences in foster care. He discusses the intersection of technology and social reform, highlighting the need for better data and innovative care models. The conversation also touches on significant political shifts, like George Santos' expulsion from Congress, and the challenges of homeownership faced by younger generations amidst rising prices. It's a blend of humor and serious discourse on foster youth well-being.
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Stock Market's Unpredictability
- The stock market has seen record highs, with the Dow hitting its highest close since January 2022.
- Despite rising interest rates, stocks have performed unexpectedly well, making market timing difficult.
Investing Advice
- Instead of trying to time the market or pick individual stocks, invest in low-cost ETFs and index funds.
- This "buy the whole haystack" approach benefits from the market's natural upward trajectory.
Housing Affordability Crisis
- Rising mortgage rates and home prices make homeownership less affordable, impacting younger generations.
- This contributes to economic discontent among voters, despite positive overall economic indicators.