Palihapitiya's shift from a bullish to a bearish outlook on equities reflects drastically different macroeconomic conditions, including changing interest rates, between 2020 and 2022.
THEN · Sep 9, 2020
0:00 / 0:09exact quote · 9.3s
NOW · Jul 8, 2022
0:00 / 0:04exact quote · 4.8s
“you're basically going to get paid to be long equities because, uh, your risk-free rate is zero and will soon be negative.”
“equities get really under pressure. There is no scenario where there's a bid to equities.”