What's Bugging Me

This week Dennis leads off with Vivek Wadhwa, the Silicon Valley author, Harvard academic, and friend of Elon Musk who lets loose with startlingly blunt criticism of his old friend. According to “The Vivver,” Musk is partying too much, is surrounded by idiots giving him bad advice, and is taking too many drugs that are “eating away his brain.”

Wadhwa also says Musk will never make his $44 billion deal pay off, that he should have paid a $1 billion kill fee to back out of the deal. And then returned with a bid of only $20B or $30B.

Dennis also talks with wealth advisor Ed Butowsky, a former 20-year Wall Street veteran who has managed hundreds of millions of dollars in client portfolios. He says Wall Street always has been bad at assessing risk, and FTX shows the results: a $200 billion wipeout in the value of various crypto coins and the bankruptcy of FTX, worth $32 billion only months ago.

"Eddie B” also talks about short-term bonds---everyone else says buy them now, and he disagrees. And he offers a few alternatives.

Listen to the entire podcast here!
https://ricochet.com/podcast/whats-bugging-me/bad-advice-and-eating-brains/