A wide ranging conversation with the founder of Morgan Creek about how we got to shutdowns, buybacks, bailouts and where we go from here.

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Mark Yusko is the founder of Morgan Creek Capital Management. In this wide-ranging conversation, he and @NLW discuss: 

  • Why bitcoin has fallen with stocks over the last few weeks
  • Why price and value are not the same thing
  • Why stocks have been manipulated 
  • An argument for buybacks being illegal 
  • Why cronyism is not capitalism 
  • Why bailouts and other types of intervention help zombie corporations that should perish
  • A debate about whether the “cure is worse than the disease”
  • The costs of zero-risk tolerance 
  • The polarization of health vs. economics 
  • Why there should be a market holiday 
  • Why bitcoin is the last and only free market 
  • Why the big market announcements are always on Sunday 
  • Why we’re headed to debt jubilee 
  • There is a non-zero probability that Trump tries to cancel the election  
  • Why a lack of leadership is the biggest cause for pessimism today

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

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