Money Stuff: The Podcast
Audible Frustration: C, ME, ETF
Mar 7, 2025
Dive into Citigroup's comical banking blunders, including a jaw-dropping $900 million mistake. Discover 23andMe's rocky path with privacy issues and a quirky pivot to dog DNA testing. Explore the intersection of genetic testing and crime-solving, addressing societal benefits vs. privacy concerns. Uncover the intricacies of ETF marketing, from high fees to the contrasting strategies of advisors versus self-directed investors. The hosts blend humor and serious topics, creating an engaging conversation about money and its unexpected twists.
35:43
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Quick takeaways
- Citigroup's recent erroneous transactions spotlight significant flaws in their risk management and technology processing systems, raising regulatory concerns.
- 23andMe's struggle with declining revenue and privacy issues indicates an urgent need for strategic reevaluation to stabilize its future.
Deep dives
The Need for Capital in a Global Renaissance
The global industrial renaissance is set to revolutionize various sectors, including energy, infrastructure, and technology. These industries are expected to require $75 to $100 trillion in capital expenditures over the next decade to modernize operations and meet increasing demand. Such a monumental financial need surpasses what public markets can feasibly provide alone. This shift highlights the critical role of private capital, as companies seek long-term investments to support extensive growth and development projects.
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