Page 25 - Investment Advisor - December 2021

Kentucky. How did you get interested nature. Crypto is trying to calibrate and Unfortunately, I don’t think there’s
in investing? figure itself out. There’s a lot of noise a right answer for them. It probably
My father, who worked at General because of the Dogecoin and Shiba would make sense to raise rates con-
Electric, traded options for himself on Inu [etc.]. But underneath the surface, sidering the frothiness that we see
the side. He said to me, “This would they’re really rethinking about how cre- in capital markets. But it’s a really
be an interesting way for you to learn ators get paid and the future of work. tough situation.
about money.” It was: How do you So there’s a lot of innovation bubbling
build a better future for yourself? Well, underneath the rather bubbly surface. You’ve written that your “life thesis” is:
money is a big part of that. So I figured “How do we create financial accessibil-
if I understood money, that would be a What turns you on about monetary ity and equality for everybody?” What
really good path. policy? It’s one of your big interests. ideas do you have?
We often underrate how important it is It’s a hard problem to solve: How do
Why did you stay at Capital Group/ in our day-to-day. A lot of aftershocks we get more people either invested in
American Funds less than two years? came from the monetary stimulus the Fed the market or access to equal oppor-
It’s a great company, but I wanted tunity to do so. That’s going to
to build something, and I couldn’t ‘We often underrate how come through adding things —
do it there. So I left. like adding people into accounts,
important [the Fed] is adding different opportunities
What do you want to build? for them to gauge the market —
A financial education platform. in our day-to-day. … and also reducing barriers. That
I don’t know what it will end up comes from a policy level.
looking like, but it’s a financial It’s really important for
playground, of sorts, where peo- people to break down What should investors be most
ple can interact with stuff. They concerned about at present
can play with the content and what’s happening at a regarding the market and the
different ideas. I’m still building economy?
it — so I don’t want to give too policy level because policy There’s a lot of frothiness across
much away! the board. There are a lot of
ultimately shapes a lot of supply chain worries, as I men-
Do you still trade options? tioned. For companies that are
No. I had to stop trading when I livelihoods.’ exposed to that, it could be pain-
went to work for Capital Group. I ful for the next few months. But,
picked it up again, but [creating] content [provided] during the pandemic. It’s really then, on the other side of that, there
takes up a lot of my time. Unfortunately, important for people to break down what’s could be a supply glut; and that could
I can only do one or the other. But I own happening at a policy level because policy lead to saturation in the market.
companies, and I own crypto. So I’m still ultimately shapes a lot of livelihoods.
in the market, just not as active. Given the long bull market, people have
How do you rate the way the Fed is han- said for a while that we’re overdue for a
Do you have a financial advisor? dling its job at the moment? correction. Your thoughts?
No. They’re in a really tough spot. They The world is evolving: You have this
have a dual mandate: to manage prices continued divergence of digital and
As a do-it-yourselfer, I guess you feel and also to manage employment. We’re, physical reality, and the digital world is
you don’t need an FA, right? hopefully, on the other side of a massive taking off at a much faster clip than the
They’re not interested in me either. Not pandemic. But they can’t really raise physical world. There’s going to have to
enough money. interest rates because the market is built be a correction because I don’t think the
on a pretty shaky foundation right now. market can maintain that bubbliness.
Why do you like crypto? If they raise rates, it’s going to cause Once people get spooked out of the mar-
It’s a bullish bet on humanity; I really a cascading effect of dominoes falling ket — because they’re scared — that’s
like things that are bullish on human across the board. when we’ll see a correction.

DECEMBER 2021 INVESTMENT ADVISOR 23