The Ledger, every show

“Winning in our economy has become a function of establishing a great product, establishing the perception that you're the market leader such that you can attract cheaper capital. And essentially, Overwhelm the competition with capital.”

“Breakups are one of those few things in economic history that almost always work for almost everybody. The only person that loses is the CEO who wants to sit on the iron throne of all seven realms, not just Westeros.”

“We have a 60% uptick in teen suicide in the US, and I don't put it all at the hands of social or the feet of social media, but it's definitely played a role”

“For the first time in our nation's history, a thirty-year-old isn't doing as well as his or her parents were at 30.”

“Every year in the U.S., we spend 12 dollars on seniors for every one dollar we spend on kids.”

“If there's 50 men on Tinder and 50 women on Tinder, 46 of the women will show all of their attention exclusively to just four men. Leaving 46 men to fight over four women.”

“If a man hasn't cohabitated or been married by the time he's 30, there's a one in three chance he ends up a substance abuser.”

“I think remote work is a disaster for young people. I think they need to meet each other, learn how to read the room.”

“My number was one hundred and fifty million because I thought it would be hard for me to spend half a million dollars a month, although I figured out how. And four percent of a hundred fifty million is six million, half a million dollars a month. I got there a…”

“I don't believe in quality time. I think that's a concept invented by wealthy people with no time who don't want to spend that much time with their kids and pretend they're good dads.”

“I'll give them enough money so they can always have a house, always afford education. I'll give them a start, but they won't inherit. I won't give them a ton of money. I'll give them, I don't know what that number is, but I'll give them enough money. I love wh…”

“Every one of these companies is built on a technology that was funded by American middle class taxpayers, whether it was DARPA, whether Elon Musk got a three hundred fifty million dollar tax-free loan.”

“And for the first time in our nation's history, a thirty-year-old man or woman isn't as wealthy as his or her parents were at 30, which in my opinion is a fundamental breakdown in the compact we have between us and America.”

“The artificially constrained supply among the elite institutions, and the kind of gestalt in America is that we want to identify a super class of freakishly remarkable kids, and then turn them into billionaires. As opposed to trying to let in as many kids as p…”

“So Harvard, fifty-four billion dollars in endowment. It's grown its endowment 4000% in the last 30 or 40 years, up forty-fold. It's grown its freshman class size four percent. So it admits 1500 kids on 55,000 applicants.”

“So, for example, if you take the poor state, Mississippi, the average household income there is still the same or higher than it is in the UK, Germany, South Korea, Japan.”

“Corporations are paying the lowest tax rate since 1938.”

“The wealthiest 25 Americans pay an average tax rate of six to eight percent.”

“The bottom 50% pay almost no federal income tax, and the top two percent pay about 90% of the taxes.”

“Once you make the jump to light speed, and you can have the privilege I have, where I basically buy and sell assets to make a living, I start companies, I sell them, I piece out to Florida because I have that kind of mobility, my average tax rate the last 10 y…”

“Government, when an economy goes above sort of 30, 32% of spending is the government, it just becomes very inefficient.”

“40% of all spending right now, government spending, goes to seniors. It's about to be 50%, which lowers the amount of money we can invest in technology, R&D, and education, which have a much bigger payoff.”

“I describe business school for the elite and the aimless. You're good at what you do, you're smart, you want to make money, you're disciplined, but you have no idea what you want to do. We all try to sound very focused in our business school applications, but …”

“Women under the age of 30 in urban centers are making more money than men.”

“In the next five years, there's going to be three female college grads for every two male college grads.”

“Young men are four times as likely to kill themselves. They're three times as likely to be addicted. They're three times as likely to be homeless. They're 12 times as likely to be incarcerated.”

“Amazon, 20 years ago, if you were a third-party marketer or a third-party reseller selling your products on Amazon, they took about 20%. Of your gross dollar volume, now they take 45, because they kind of own the market.”

“So if there hadn't been a DOJ ruling against Microsoft in 1999, we'd all be saying, I don't know, bang it. Google is a function of antitrust.”

“They're so good at making money, they shouldn't be trusted to do anything else. And unfortunately, they've done a great job of personifying themselves, and we believe them, and we believe that they're actually trying to connect the world, you know, make the wo…”

“My litmus test for evaluating the disruptable, how disruptable an industry is, is I look at its price increases relative to inflation, and whether there's been the underlying innovation to support that increase. And the two sectors I think, I see are most disr…”

“I don't think AI is going to reduce healthcare costs. I think what it's going to do is give people back time, which I think is probably even more valuable.”

“Voting on phones. But it's not gonna happen because it would be detrimental. It would benefit Democrats. Because when the number of people voting goes up, it's good for Democratic candidates, and the number of people going, voting goes down, it's good for Repu…”

“Going to work for a big company is vastly underrated. They can abuse their monopoly position. They will have that mole removed. You will get rich slowly working at Google or at McKinsey. So if you're credentialed you know, we over romanticize entrepreneurship.…”

“The most disruptable business in the world is US healthcare, three and a half to four trillion dollars.”

“I think AI, we've kind of hit peak AI. I love it. I use it a lot, but it's a little bit overhyped right now. We're definitely kind of, I would say, I think about a month ago we hit peak AI in terms of, from an investor standpoint, I would not want to be buying…”

“I hired a firm to unmask some of the people who were attacking me, it was clearly like the same language, and like, they're using fake accounts, and it was almost always someone who had a large financial position, and the company that I said was overvalued.”

“The wealthiest generation in the history of the planet gets 1.3 trillion dollars a year in the form of Social Security.”

“Putting housing permits or taking them out of the hands of officials and putting them in the hands of homeowners, you have absolutely no incentive to ever approve housing if you're a homeowner. Because an absence of new housing makes your house go up in value.”

“40 years ago, 60% of people aged 30 to 34 had at least one child. Now it's 27%.”

“We're now, this year, going to spend more money on interest on the debt than we spend on our military.”

“The way you get rich is probably through a little bit of concentration, your own business, you double down on a house, you fix it up, you flip it, whatever it might be, but the way you stay somewhat rich is through diversification”

“One in three relationships begin at work. And 99% of them are consensual.”

“Amazon, 20 years ago, if you were a third-party marketer or a third-party reseller selling your products on Amazon, they took about 20%. Of your gross dollar volume, now they take 45, because they kind of own the market.”

“If you look at their performance, they've exactly underperformed the S&P by the amount of their fees.”

“I think he's been a net good for the world. inspired the EV race. The space, I mean, seeing that rocket, that booster rocket captured on it as it's falling, that shit's just inspiring.”

“Every one of these companies is built on a technology that was funded by American middle-class taxpayers, whether it was DARPA, whether Elon Musk got a three hundred fifty million dollar tax-free loan.”

“The things I walked away from Davos with is that the last time I was there in 99, it was about e-commerce, and the U.S. Brand was capitalism consumption and Bill Clinton. Now it's about AI. Everyone was talking about AI, and it's about the American brand is ch…”

“I was raised in a generation in San Francisco where Steve Jobs is our mentor and there was this terrible gestalt that infected a bunch of young tech executives, including myself, that if you were talented and nice, you were talented. If you were talented and a…”