"The Treasury Buyback Program Is Lipstick On A Pig" With Jeremy Lakosh
institutionsmoney
“I think that the social technology about contributing to a board has been almost completely lost. It, it's, it's like taking night classes that happen to have the word Harvard in them somewhere and then telling everybody you have a Harvard degree, that it's just play acting. It's, you know, another word for it is LARPing, where you're live active role playing, but you're not actually, you don't, you don't inhabit what it is that you're doing. I sense that this is not just Eureka College, I actually sense that this is most boards including for-profit boards.”
“If you get a person that is willing to tell you like, whoa, whoa, whoa, I don't agree with that, or I don't like that, or You better explain that to me in the moment, you can be like, this is a pain. But the value of it is that most of the time people won't tell you if there's something in your teeth and they'll go ahead and sign something because everybody else around them is signing it.”
“You know, that my largest fear has always, and probably will always be the mobs that come from, from inflation hitting people hard. Right? All of a sudden things are too expensive. You can't buy the things that you used to be able to afford. You're not getting paid in the same way that you were.”
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