Vivek Ramaswamy
๐ค SpeakerAppearances Over Time
Podcast Appearances
You wanna know what the biggest source of income inequality is? We can gripe about CEOs or whatever. It's actually compound interest. It's compound interest and not compound interest in bonds or in the bank account. It's compound interest in the stock market. You're talking about kids graduating with enough money to not only pay for all of college, but have enough to start their small business.
You wanna know what the biggest source of income inequality is? We can gripe about CEOs or whatever. It's actually compound interest. It's compound interest and not compound interest in bonds or in the bank account. It's compound interest in the stock market. You're talking about kids graduating with enough money to not only pay for all of college, but have enough to start their small business.
You wanna know what the biggest source of income inequality is? We can gripe about CEOs or whatever. It's actually compound interest. It's compound interest and not compound interest in bonds or in the bank account. It's compound interest in the stock market. You're talking about kids graduating with enough money to not only pay for all of college, but have enough to start their small business.
But I got to stop you for one second, just so people can understand. This is the kind of thing we should be talking about. When you say invest in the stock market, you're talking about... No, it's not. It's not welfare to me. In fact, and let me just make the case to people who would disagree.
But I got to stop you for one second, just so people can understand. This is the kind of thing we should be talking about. When you say invest in the stock market, you're talking about... No, it's not. It's not welfare to me. In fact, and let me just make the case to people who would disagree.
But I got to stop you for one second, just so people can understand. This is the kind of thing we should be talking about. When you say invest in the stock market, you're talking about... No, it's not. It's not welfare to me. In fact, and let me just make the case to people who would disagree.
The full market.
The full market.
The full market.
So the difference in inequality... at the highest levels, is explained by people who are invested broadly in the stock market versus people who are not. Over long periods of time.
So the difference in inequality... at the highest levels, is explained by people who are invested broadly in the stock market versus people who are not. Over long periods of time.
So the difference in inequality... at the highest levels, is explained by people who are invested broadly in the stock market versus people who are not. Over long periods of time.
And the way the math works on the compound interest is like if you- What is 10 grand over 10 years or 20 years? You know, I mean, it depends on, you know, if you're talking about a 20% rate of return, you're talking about hundreds of thousands of dollars. Well, let's go 10% versus S&P is what, seven? Pull the spreadsheet, we'll do the math. S&P is more than that. You're talking about-
And the way the math works on the compound interest is like if you- What is 10 grand over 10 years or 20 years? You know, I mean, it depends on, you know, if you're talking about a 20% rate of return, you're talking about hundreds of thousands of dollars. Well, let's go 10% versus S&P is what, seven? Pull the spreadsheet, we'll do the math. S&P is more than that. You're talking about-
And the way the math works on the compound interest is like if you- What is 10 grand over 10 years or 20 years? You know, I mean, it depends on, you know, if you're talking about a 20% rate of return, you're talking about hundreds of thousands of dollars. Well, let's go 10% versus S&P is what, seven? Pull the spreadsheet, we'll do the math. S&P is more than that. You're talking about-
compound stock market returns over long periods of time. You're talking about double digit returns and that multiplies itself. So a dollar first becomes a dollar and 10 cents, but it's not a dollar and 10 cents times a dollar and 10 cents. And so you're actually multiplying that whole effect.
compound stock market returns over long periods of time. You're talking about double digit returns and that multiplies itself. So a dollar first becomes a dollar and 10 cents, but it's not a dollar and 10 cents times a dollar and 10 cents. And so you're actually multiplying that whole effect.
compound stock market returns over long periods of time. You're talking about double digit returns and that multiplies itself. So a dollar first becomes a dollar and 10 cents, but it's not a dollar and 10 cents times a dollar and 10 cents. And so you're actually multiplying that whole effect.
I know what you're talking about. Okay. And this... pisses me the hell off because I know how cynical the intentions are of just deceiving and straight up lying to people about it. And at some point- But about what? Yeah, so I'll lay out for you. So like there's this false allegation that somehow there was an Alzheimer's trial that I made a bunch of money off of that failed. It's bullshit.
I know what you're talking about. Okay. And this... pisses me the hell off because I know how cynical the intentions are of just deceiving and straight up lying to people about it. And at some point- But about what? Yeah, so I'll lay out for you. So like there's this false allegation that somehow there was an Alzheimer's trial that I made a bunch of money off of that failed. It's bullshit.