My First Million #57 - Corona Business Ideas, Stock Buybacks & Recession Proof Businesses
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Mar 20, 2020 The conversation dives into the unique challenges and silver linings that emerge during crises like the pandemic. From tech innovations aiding mobile app testing to the personal impact of glucose monitoring on health, creativity shines through. The hosts discuss the need for 'blue collar bailouts' and scrutinize stock buybacks amidst economic uncertainty. They explore evolving market fluctuations, innovative local business strategies, and the emotional connection essential for business survival. Listener feedback shapes exciting future content on startup journeys.
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Glucose Monitor Challenge
- Justin Mares' weight loss challenge involves glucose monitors and financial penalties.
- Sam Parr found it very effective.
Bailout Concerns
- Shaan Puri discusses the potential need for business bailouts due to the pandemic.
- He questions whether companies engaging in stock buybacks deserve bailouts.
Stock Buyback History
- Stock buybacks originated during the Great Depression as a way to boost stock prices.
- The government banned them in 1934, viewing them as artificial price manipulation.