Friedberg
๐ค SpeakerAppearances Over Time
Podcast Appearances
You're picking up on something that I think is really important that I think has been underreported. It really is a tale of two different tickets. The Republican ticket, whether you like them or not, are very financially astute actors. And if you look at the Democratic ticket, they are underinvested to not invested at all in anything that would normally resemble the United States economy.
And I find that a very odd distinction, meaning The way that I would think people would want to see their candidates is folks who have a very sophisticated understanding of the parts that they're going to govern. And in this case, if you're going to sit atop the economy, one would hope that you're invested in the economy in some way so that you know how it works.
And I find that a very odd distinction, meaning The way that I would think people would want to see their candidates is folks who have a very sophisticated understanding of the parts that they're going to govern. And in this case, if you're going to sit atop the economy, one would hope that you're invested in the economy in some way so that you know how it works.
And it's a little surprising to me that nobody's really questions how underinvested the Democratic ticket is. And it's almost as if the Republican ticket for their financial sophistication is looked down upon.
And it's a little surprising to me that nobody's really questions how underinvested the Democratic ticket is. And it's almost as if the Republican ticket for their financial sophistication is looked down upon.
I mean, they never had a middle class. I think it's important. to not color this as because you worked in government, you can't be invested or you can't own a home or you can't actually have built a nest egg, right? Because that's also not true.
I mean, they never had a middle class. I think it's important. to not color this as because you worked in government, you can't be invested or you can't own a home or you can't actually have built a nest egg, right? Because that's also not true.
And we have, there's some extreme examples of people who've been Pelosi, essentially, yeah, career civil servants, essentially, and it built multi hundred million dollar portfolio, we can, we can question in specifically in the case of all house representatives, whether they're getting access to a kind of information that other people don't get access to. But taking that off the table,
And we have, there's some extreme examples of people who've been Pelosi, essentially, yeah, career civil servants, essentially, and it built multi hundred million dollar portfolio, we can, we can question in specifically in the case of all house representatives, whether they're getting access to a kind of information that other people don't get access to. But taking that off the table,
And I think that there are people in all kinds of jobs who are able to save and invest and then acquire things that they believe will give them security for themselves and their children in the future. And I don't think that it is because of a kind of job that you do. I think it's a kind of mindset that you have. And I think it's very important to make sure that whoever we pick
And I think that there are people in all kinds of jobs who are able to save and invest and then acquire things that they believe will give them security for themselves and their children in the future. And I don't think that it is because of a kind of job that you do. I think it's a kind of mindset that you have. And I think it's very important to make sure that whoever we pick
we understand the mindset. I really believe that there are a couple of things that are really critical to thinking about the future and wanting to make the future better. I think one obvious one is when you have kids. When you have kids, you're making sacrifices every day.
we understand the mindset. I really believe that there are a couple of things that are really critical to thinking about the future and wanting to make the future better. I think one obvious one is when you have kids. When you have kids, you're making sacrifices every day.
You're foregoing things today because whether it's saving for college, saving for school, saving for a class, saving for a sports thing that you want your kids to go to, music, whatever it is, you're always... finding ways of thinking about what is better in the future for that other person, not me.
You're foregoing things today because whether it's saving for college, saving for school, saving for a class, saving for a sports thing that you want your kids to go to, music, whatever it is, you're always... finding ways of thinking about what is better in the future for that other person, not me.
And the second is, I think being an investor actually makes you care about the future in a really productive way. Because you're foregoing, often cases, when we all invest, we're foregoing short-term gains on the hope that we can help shape a much longer-term outcome in the future that makes all of that worthwhile.
And the second is, I think being an investor actually makes you care about the future in a really productive way. Because you're foregoing, often cases, when we all invest, we're foregoing short-term gains on the hope that we can help shape a much longer-term outcome in the future that makes all of that worthwhile.
And so I like it when I can see people that have those things at play and that they, even in whatever small way they can, are manifesting that. And I always have a question mark, like how is it possible that at no point you have tried to be invested in your own and your children's future that way?
And so I like it when I can see people that have those things at play and that they, even in whatever small way they can, are manifesting that. And I always have a question mark, like how is it possible that at no point you have tried to be invested in your own and your children's future that way?
Crazy? Socialist?