Prof G Markets 401(k) From Birth? Inside the “Trump Accounts” With Brad Gerstner
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Dec 4, 2025 
Brad Gerstner, founder of Altimeter Capital and advocate for the 'Trump accounts' program, discusses efforts to create custodial investment accounts for children. He explains how the initiative aims to introduce kids to compounding assets and private ownership. Also featured is Patrick Moorhead, who analyzes Amazon's new Tranium 3 AI chip, detailing its position in the AI chip race. The conversation touches on the expected impact of the program on lower-income families and its potential to foster a new generation of investors.
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Universal Ownership From Birth
- The program creates universal private ownership by giving every child a funded, tax-deferred investment account at birth.
- This aims to bring 50 million kids who would never have compounded asset ownership into the stock market early.
Scale Comparable To Major Social Programs
- The rollout will create 60 million accounts and is one of the largest federal consumer projects ever.
- Its scale compares to major social-contract changes like Social Security in scope.
Program Benefits The Asset-Poor Most
- Critics argue the program merely enriches existing asset owners, but those families already have private accounts.
- The policy disproportionately benefits kids from households that otherwise would have zero compounded assets.