Vivek Ramaswamy
๐ค SpeakerAppearances Over Time
Podcast Appearances
But I feel like right now what we need is, is to make sure we don't just, as we were talking about earlier, stop there, because then we're just victims. I wanna just talk about actually what we're gonna do to overcome it, right? No, we have the solution. What I'm saying is why we're in the place we are. Now, here's what happens.
But I feel like right now what we need is, is to make sure we don't just, as we were talking about earlier, stop there, because then we're just victims. I wanna just talk about actually what we're gonna do to overcome it, right? No, we have the solution. What I'm saying is why we're in the place we are. Now, here's what happens.
A lot of money managers, they'll manage your money, but they take the fee. If you take the fee out, that reduces the compound interest. The fee is almost a negative compounding effect over time too.
A lot of money managers, they'll manage your money, but they take the fee. If you take the fee out, that reduces the compound interest. The fee is almost a negative compounding effect over time too.
A lot of money managers, they'll manage your money, but they take the fee. If you take the fee out, that reduces the compound interest. The fee is almost a negative compounding effect over time too.
And then you get the monkey to the dartboards analogy where they've done this experiment where you have monkeys throwing darts at a board of stocks and often outperform half of these wealth managers that are out there because the wealth manager started the fee while the monkey doesn't. So in many ways, I do think that people are set up to be screwed by the facts they were never given.
And then you get the monkey to the dartboards analogy where they've done this experiment where you have monkeys throwing darts at a board of stocks and often outperform half of these wealth managers that are out there because the wealth manager started the fee while the monkey doesn't. So in many ways, I do think that people are set up to be screwed by the facts they were never given.
And then you get the monkey to the dartboards analogy where they've done this experiment where you have monkeys throwing darts at a board of stocks and often outperform half of these wealth managers that are out there because the wealth manager started the fee while the monkey doesn't. So in many ways, I do think that people are set up to be screwed by the facts they were never given.
And I think that sunshine and education is a great toolkit. But I do think that there is a role here at a young age where I'm not a government redistributionist guy, welfare state guy, but here for every kid born in the country, I'm behind this. If every kid born in the country is bought into the stock market and compounds at the diversified rate over the course of 18 years, We're good.
And I think that sunshine and education is a great toolkit. But I do think that there is a role here at a young age where I'm not a government redistributionist guy, welfare state guy, but here for every kid born in the country, I'm behind this. If every kid born in the country is bought into the stock market and compounds at the diversified rate over the course of 18 years, We're good.
And I think that sunshine and education is a great toolkit. But I do think that there is a role here at a young age where I'm not a government redistributionist guy, welfare state guy, but here for every kid born in the country, I'm behind this. If every kid born in the country is bought into the stock market and compounds at the diversified rate over the course of 18 years, We're good.
Then how long?
Then how long?
Then how long?
I think you could make a case for that number being even $15,000 or $30,000 for a kid. It could be. It could well be. Starting off. I'm being conservative. And then you're talking about people who are straight up wealthy when they graduate, well off enough, still hungry enough to be able to use that and start their own business or invest further on their own account when they're 18. Yeah.
I think you could make a case for that number being even $15,000 or $30,000 for a kid. It could be. It could well be. Starting off. I'm being conservative. And then you're talking about people who are straight up wealthy when they graduate, well off enough, still hungry enough to be able to use that and start their own business or invest further on their own account when they're 18. Yeah.
I think you could make a case for that number being even $15,000 or $30,000 for a kid. It could be. It could well be. Starting off. I'm being conservative. And then you're talking about people who are straight up wealthy when they graduate, well off enough, still hungry enough to be able to use that and start their own business or invest further on their own account when they're 18. Yeah.
Or pay for college and not be drawn into debt. And then some. And then some. I mean, we're talking about this model. You're going to pay for college and then some. And for some people, college is not the right solution for everybody, especially by that point you have a skill set. You might be able to start your own small business, be in a trade or whatever it is.
Or pay for college and not be drawn into debt. And then some. And then some. I mean, we're talking about this model. You're going to pay for college and then some. And for some people, college is not the right solution for everybody, especially by that point you have a skill set. You might be able to start your own small business, be in a trade or whatever it is.
Or pay for college and not be drawn into debt. And then some. And then some. I mean, we're talking about this model. You're going to pay for college and then some. And for some people, college is not the right solution for everybody, especially by that point you have a skill set. You might be able to start your own small business, be in a trade or whatever it is.