Markets turn Trump, Long rates spike, Election home stretch, Influencer mania, Saving Starbucks

2875.458 - 2897.429 Chamath Palihapitiya

We've seen this. Austerity measures in Europe were pretty hard for people in Greece and Spain to get their heads around. I think Americans are going to have to get used to we can't just spend and give handouts constantly. On the equity side, though, there's also the concept, Sax, that you can cut spending and increase earnings and that that's well within your control as a CEO and board.