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#1109 Vivek Ramaswamy On Using Money As A Weapon

The Pomp Podcast

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The Quality of the Arguments Matters in Their Own Right

I think that at the end of the day when it comes to debating ideas, the quality of the ideas and the arguments that back them up inherently have value in their own right. As recently as 2013 it was Exxon and Exxon's own direction was changed by a tiny activist investor that had its own success. Now some firms are saying that they would take more input from their portfolio managers who are at least closest to the investments. And again, that gets back to the debate that's going on is maybe businesses shouldn't actually optimize for shareholder value. It's not my view, but that could be a coherent view.

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