The Rich Man, Angry Man, Degenerate Man Economy ...Continued...

Good morning and a happy Passover to those in the room that face a week of constipation.

I am Howard Lindzon your blogger.

Yesterday I fleshed out some ways I am thinking about the world and the economy as I invest in the years ahead.

I ran into one of those ‘angry men’ (if it was a woman …bravo) yesterday at Chipotle’s. I pulled in for a quick Chipotle’s bowl in Scottsdale and when I came out a large BMW had parked so close to my driver’s door that I had to enter my car from the passenger side. Before I did this of course I considered all the possibilities. The parking lot was huge and mostly empty, so it had to be this person was angry with me. I drive poorly so it is possible that I had cut him off while tweeting on the drive over, or maybe he just disliked I also had a nice car. Maybe it was David Sacks, Elon or Chamath having me ‘punked’ for the video of me taking about 2 minutes to get myself into my own car and pondering all the things going through my head as I myself got angry thinking about elevating the parking lot drama.

In the end, I waited a couple minutes just to at least let the person yell at me face to face for a driving infraction or just stare them down while I held my chicken and guacamole bowl. No luck on either, so off I drove with this person now in my head and I guess in yours.

Rachel is in town for Passover and she took Ellen’s spot at the Suns game with me last night. The Suns continue 7-0 with Kevin Durant starting.

Onward…

With respect to yesterday’s post on investing trends, one key demographic data point I forgot to include is that by 2030, 21 percent of the US population will be over 65. That is a HUGE number of Americans. They will be amped up and angry from impending death and watching cable news all day. They will be playing pickleball, Par 3 golf, gambling and investing. Everyone will be thinking about longevity and with machines/AI on the tips of everyone’s tongues in 2023, just imagine what the possibilities will be in healthcare and longevity by 2030. Since I am not a coder, nor machine expert, nor physician, nor scientist (yes all my VC friends on Twitter are these as well as FED experts etc…), we have tapped our network the last three years to make sure we are investing with emerging managers that do the same thing Social leverage did as emerging managers focused on financial services, consumer markets and the enterprise. I am happy to pay others fees while I focus on doing what I do best and deepen my own domain expertise around the trends I am immersed in myself.

The network continues to be the thing and I continue to believe Social Leverage, not financial leverage, continues to be the best way to invest for profit and joy.

Have a great day.