This is our quarterly update episode where we talk about the trendiest financial topics from the past quarter (if we haven't already covered it in a separate episode). We started the conversation with people's concerns regarding inflation and rising rates. Tim and Nathaniel discussed the potential impact on the economy and the market if inflation occurs. However, as Nathaniel said, we don't live in a simplified system; in reality, we probably are going to experience some sort of mix: some deflation in the tech industry, some possible inflation in asset-heavy industries. As for how that impacts our investments, we usually gravitate towards companies that have pricing power so that they will most likely perform better under all phases of the economic cycle. Tim then gave a general rundown of the newest stimulus package and its impact. Non-fungible tokens (NFTs) are another topic that we got asked a lot about in the past quarter. Why would someone pay $500k for an original meme? Dan and Tim said it well: it's like collecting baseball cards, the paper card itself doesn't have any value, its value only exists in the eye of the collector. If you want a collection because you like it, go ahead. But as an investment, they are only worth what others are willing to pay.
