Money Stuff: The Podcast
Bespokeness: AI, Passthrough, UST
Feb 14, 2025
Katie and Matt dive into the intriguing battle over OpenAI, exploring the implications of a potential takeover and the complex transition from nonprofit to for-profit. They tackle the controversial topic of pass-through fees in hedge funds, highlighting investor frustrations and trends toward buffer ETFs. A captivating thought experiment pits Microsoft's financial strategies against U.S. debt, raising questions about risk and trust. The conversation is layered with humor and sharp insights into the future of funding and investment in today's competitive landscape.
31:45
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Quick takeaways
- The future of capital expenditure necessitates private capital's involvement to address the $75 to $100 trillion funding gap for long-term projects.
- Elon Musk's unprecedented $97 billion bid for OpenAI provokes critical discussion on nonprofit governance and the valuation of nonprofit assets in a competitive market.
Deep dives
Funding the Future: The Need for Capital in Modern Industries
Over the next decade, global industries such as energy, infrastructure, and technology are projected to need between $75 to $100 trillion in capital expenditure to modernize and address rising demands. This massive financial requirement underscores the limitations of public markets in fulfilling the needs of long-term projects, which typically require long-duration capital for sustainability. Private capital is becoming increasingly vital to bridge this funding gap, with firms like Apollo stepping up to provide tailored financial solutions. Their involvement is crucial for propelling economic growth and facilitating innovations that will fuel the industry's future.
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