Ken Griffin

You know, I see my colleagues firsthand have to grapple with this problem over the last year.

I mean, all of us do in the money management business.

How do you create a portfolio when every single company that you invest in can have the terms of engagement changed by the stroke of a pen in Washington?

And this goes to, you know, you often hear business people say, just don't change the rules, all right?

And you sit there and go like,

Are they that inflexible?

Are they that unwilling to change?

Can't they go with the flow?

But the problem is that when you're running a business and you're trying to grow that business, you're making decisions that have horizons often of three years, five years, 10 years, 20 years.

I mean, we're building a new office building in New York for Siddall.

That's a 50 to 100 year horizon decision.

If you tell me the rules of the road are gonna change every couple of years, you make that decision a far more difficult choice.

If you tell me the rules of the road are gonna change every couple months, I'm best off making no decision.

Right?

And that's where Washington needs to think about what is the pace of change it's trying to create in the economy and having certainty or having a higher degree of confidence in what the rules of the world will be will actually help the president achieve his goal of, in my opinion, of creating more capital investment in the United States and strengthening America's manufacturing base.

Well, let's take a huge step back.

Government has a really important role to play in the economy.

It has an important role in the economy to ensure that consumers have fair and reasonable disclosure.

Like, when you're a consumer that picks a credit card, you should be able to get through the fine print pretty quickly and understand the cost and interest rates you're going to pay.

Government has a really important role in the economy in preventing externalities, the archetype of that being pollution.