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The Valley Current®: Who wants to be a Trillionaire?
Manage episode 430629120 series 3562100
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Traditional companies (such as oil, telecom, and automotive) are being disrupted by companies like Amazon, Nvidia, and Tesla, positioning individuals like Elon Musk, Jensen Huang, and Jeff Bezos to become the world’s first trillionaires. This shift in wealth concentration poses significant challenges in society due to its magnitude and implications. The pace of technological advances in AI and computing is exponential compared to past industrial revolutions, and most cannot grasp the implications these advances will ultimately have. One insight rarely discussed due to regulatory constraints is the direct correlation between the rising U.S. federal deficit and the stock market's trajectory. Host Jack Russo and Pat Duke explore the backgrounds of today's billionaires, inherited wealth, and the “Overton window” spectrum of acceptability.
Jack Russo
Managing Partner
https://www.linkedin.com/in/jackrusso
"Every Entrepreneur Imagines a Better World"®️
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