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I would say the thing that connects them is just voracious curiosity about the world of politics and, you know, economies and trying to make sense out of it. So here’s the math, Barry. It’s gonna take a while to integrate, integrate those folks back into other parts of the economy. You know, all of these things.
And he’s really moving the needle in terms of having people take control of their own financial life in a way that benefits not just them but the entire economy and all of society. They’re an underground economy because they don’t trust the mainstream economy. These are not dumb people. RITHOLTZ: Right.
And at the time when I graduated the economy, it was very good. Barry Ritholtz : Oh, so booming economy, 50 grand in the nineties for right outta college. 00:26:12 [Speaker Changed] And Barstool was the same, which is Barstool started by Dave in 2004. 00:40:26 [Speaker Changed] They, they know, they know math, they know math.
So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. It’s just math stick to it over long periods of time. So this is more like the real economy, slower growth businesses. Something like that?
So, I did the math, 20 million times a hundred. So, let me just repeat the math. And so, again, I went through this simple math. At that moment in time, 2004, Vladimir Putin became the — becomes the richest man in the world. And so, it wasn’t just a fishing boat, it was an oceangoing factory, very impressive.
RITHOLTZ: 2004, 2005. ” If I, if the president ever, this is like a blog post I wrote when the President tweets about the economy, the market will move. So this is the math that I applied. So think about this, do the math. LINDZON: But that math, if you really put it in a calculator … RITHOLTZ: Becomes a problem.
And arguably, they went from an underpriced position in 2004 I’d say — RITHOLTZ: Right. RITHOLTZ: So 5% funds rate, what does that do to the economy? And I’m like, “Well, if Bob Shiller is putting on the seatbelts, maybe he’s done the math, maybe I should be wearing a seatbelt in the back of the car.”
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