Martín Escobari

I do worry a little bit about the fiscal situation in the U.S.

as the reserve currency of the world.

You have so much time and so much permission to make mistakes.

I think the real issue that we face, that I think a lot about,

I think politically, globally, we're kind of screwed because neoliberal and centrist ideology can't get elected.

We missed the main concept that prosperity needed to be shared for it to be electable.

So now we're not just in the U.S., but across the globe, forced to choose between nationalist leaders who are like we against the world or socialists, which is, oh, we're all together and we're going to share and take away from the rich to give to the poor.

Both are very suboptimal.

And we need to find ways to create a center position that's neither socialist nor nationalist, but is one of shared prosperity.

I worry that there are not that many people that are focused on that or investing in that.

But the world needs that, not just the US.

We need it in Brazil.

We need it in Mexico.

You never invest a lot of money without a visibility of what you're doing.

There is fog and different layers of fog.

And what the fog does is it slows you down.

But if you look, pierce through, you see clarity.

You see a monopolist at six times the beta.

You see an opportunity to, it's not a shot in the dark and hope for the best.

What you can't do is just shut down and say, this is too rough, too unpredictable.