Accelerating interest rates by 500 bips in a short period of time had unintended consequences. Contrary to expectations, the increase in rates did not cause housing prices to decrease. Instead, it locked in the market, benefiting those with long-term mortgages.
Scott shares his thoughts on the contradicting narratives around Goldman and Apple’s partnership. He also discusses the fast fashion industry and its externalities. Finally, he takes a look at Charlie Munger’s legacy.
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