2 ms·
All of the money is mostly tied up in safe bets for boomers. You don't see capital chasing big bets because folks would rather get their 4-7%+ "guaranteed" tha
by candiddevmike 11mo ago
All of the money is mostly tied up in safe bets for boomers. You don't see capital chasing big bets because folks would rather get their 4-7%+ "guaranteed" than risk it on a startup.
There's probably some meta commentary on the global risk climate in general since COVID here.
- toomuchtodo 11mo agoLonger life expectancy has led to stagnation due to those older in power and owning wealth to have reduced risk appetite for investment and innovation, leading to maintaining the status quo and their quality of life for the balance of life remaining. They are stealing from the future through the demand for profits today. Peter G. Peterson wrote about this in Gray Dawn 25 years ago, Scott Galloway talks about it today. https://openlibrary.org/books/OL385129M/Gray_dawn https://openlibrary.org/books/OL385129M/Gray_dawn https://www.ted.com/talks/scott_galloway_how_the_us_is_destroying_young_people_s_future https://www.ted.com/talks/scott_galloway_how_the_us_is_destr...
- chad_c 11mo agoSo that’s where the South Park Epsiode name comes from. Holy cow.