This is part 1 of Jason’s interview with Gretchen Morgenson.
Jason introduces author Gretchen Morgenson, as he talks about how private equity impacts and disrupts the American economy. He also mentions the wealth gap, control over businesses, and the challenges faced by the middle class. He emphasizes the significance of understanding past transactions, particularly during the COVID era, and highlights the housing shortage, attributing it to a lack of disruptive construction and transportation technologies. He also introduces a new strategy to increase cash flow and deposits, encouraging listeners to join a 6-week coaching program.
Then Jason welcomes Gretchen Morgenson, a Pulitzer prize award-winning journalist, as they talk about private equity. They discuss the impact of private equity on various businesses, including real estate, and Gretchen explained the model of private equity which uses heavy debt and aims for quick turnaround profits. They also touched on the secretive nature of the private equity industry, its significant presence in various sectors of the US workforce, and its effects on profit-focused business practices. The conversation ended with a warning about private equity firms entering the insurance business.
#PrivateEquity #EconomicImpact #HousingShortage #InvestingStrategy
Key Takeaways:
Jason’s editorial
1:23 The wealth gap
3:17 Jason’s long overdue haircut
4:08 Travel in a time machine to “Yesterday”
9:20 What’s the point?
10:20 Cheaper mortgage after a decade
11:38 The affordability issue
11:53 Empowered Other People’s Money- Fireyourmanagers.com
Gretchen Morgenson interview
13:58 Welcome Gretchen Morgenson
14:13 These are the plunderers- time pressure on leveraged companies
17:17 Leveraged loans and the size of the markets
19:20 Focussed on hyper-profitability
25:53 Private Equity in SFH real estate
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