Larry McDonald

speaker

66 appearances 1 recordings 1 series first heard Jun 2026 last heard 9 Jun

Larry McDonald’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

Appearances

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The Master Investor Podcast with Wilfred Frost · Should You Buy Space X? | IPO Special · 9 Jun 2026 podcast

Well, everyone says, you know, the stats, there's about 8 trillion in money market funds, but a lot of that is corporate.

So that's your apples, you know, a lot of that capital is corporate capital.

And so the actual capital on sidelines relative to this is just not enough.

And so if you look back last 30, 40, 50 years,

AOL Time Warner, RJR Nabisco, TXU.

These were big kind of private equity deals that created a turn in the market.

And right now we have some big private equity deals.

We have big public IPOs.

It's a colossal sucking sound of liquidity out of the market because there's only so much capital in the bond market and in the stock market.

And when you have this kind of aggression,

of dumping of shares at very high valuations, the probability that this creates a crash, not at 87, but a serious hit to the market is very high, very high.

In all cycles, there is a peak moment of hubris.

And that's what we saw in 2008.

CFOs, you know, Chuck Prince, I'm going to stay on the dance floor until I have to stop dancing.

And literally he said those words while his bank was crashing.

Just look at Jensen and Trump over the weekend.

Trump is panicking because he really adores Elon Musk, right?

And Jensen adores Elon.

So they're both out over the weekend trying to pump up the market.

Trump's promising to buy stakes in these AI companies.

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