Jack Crivici-Kramer

Yes, it is, and we will relate this to Shaquille O'Neal.

But first, to sprinkle on some context, Jack, the most famous letters written of all time, who is it?

Okay, when it comes to CEO letters, I'd say Warren Buffett is number one, Jamie Dimon is number three, and Larry Fink is number two.

Larry Fink, he is the man who manages $14 trillion of America's money, mostly through mutual funds that people own in their 401ks, because he's the CEO of BlackRock, the huge money manager.

But Jack, in his CEO letter this year, it opened pretty bleak.

I mean, he kind of went economic Debbie Downer on us this time.

The CEO of BlackRock pointed out that according to company research, one-third of Americans cannot afford a $500 emergency.

And the bottom half of Americans have basically zero net worth.

And a record number of Americans withdrew from their 401k early last year to pay for a financial emergency.

Brutal, not fun numbers, besties.

But Larry did sprinkle on a few signs of hope, did he not, Jack?

Yeah, financial experimentation is in the air.

You got Trump accounts getting babies into the stock market early and states are doing their own version of that program.

However, Larry Fink does point out that every American also has a retirement account, including you, Yetis.

Yes, you got one too.

All Americans have one, but they're being horribly mismanaged.

Yes, they are.

And you know that retirement account as Social Security.

Get this, yetis.

Social Security has a $2.8 trillion investment fund that belongs to us, but it's a huge missed opportunity right now.