Episodes

A Warning We Haven't Seen Since 2008

Episode #128 | November 14, 2019

Episode #128 | November 14, 2019

A Warning We Haven't Seen Since 2008

In This Episode

This week’s episode is all about stories, including a dive by Dan into numbers and statistics, and which ones to disregard in a world where the vast majority of data is just noise.

For instance, the private equity firm KKR’s bid for a record-breaking acquisition is capping a pattern that we really haven’t seen since 2008. It’s a $57 billion acquisition, or more than $70 billion if you include debt to be acquired, but Dan shows why those numbers are actually distractions to the much bigger story and historical warning at hand.

Dan then gets to a book and investor podcast that even reaches billionaires that he says everyone should check out, before getting philosophical over a recent life event that had him turning to the wisdom of tech entrepreneur Paul Graham. “My job is finding the right words, but they fail me a little compared to what Graham has to say.”