He is complaining about amazon destroying retail stores. How about him buying residential homes and destroying mom and pop house landlords. He is such hypocrat.
Main Street a nice piece of nostalgia, but maybe there is no need for it. Sounds like Barry is talking his book and would like rents to increase. But the fact that Amazon makes shopping more efficient makes commercial real estate on Main Street obsolete. I’m sure there are people that liked to send physical mail and email did away with that. But is that a bad thing? Is it not a better world where we don’t have to wait our time driving, looking for parking and waiting gas and fumes to get toilet paper? Make Main Street a park, I’m sure you will enjoy it even more :).
What’s really wrong is that this video has 1K views, while a kid in a Harry Potter costume on a longboard named Zach King on TikTok had 2.2 billion views🤷🏽.
So, free markets are great and the government should stay out of the way, charge low taxes, create incentives, and make it easier to do business. Great. But then you love it when the government builds bridges and roads and creates infrastructure to help businesses and families. Where does the money come from? I can never understand that disconnect. Yes, some cities are too expensive and there's too much regulation, etc. But it's because until now it's been important to be near the talent and your customers, suppliers, etc. and ecosystems like New York or San Francisco/Silicon Valley have been in virtuous cycles where it's expensive but also very lucrative to live there. When these get too expensive and difficult, companies leave and go to new cities like Austin, Jacksonville, etc. Also, with more digitalization this should get easier. But this red state/blue state explanation is really simplistic. Because then he complains how real estate prices are going up in so-called red states like Texas. As long as there's a reason to be in cities like Austin, Miami, etc. this will happen. I have whiplash listening to the logical rollercoaster.
2% of his net worth is in bitcoin, 98% of his net worth is in real estate. Now tell me what asset class he chooses as a better hedge against inflation 😎
Let's assume USD inflation can't be stopped and we have to raise rates. 2% interest would swallow the discretionary budget, meaning more money printing, meaning more inflation. What strategy would be useful to hedge against a scenario like this?
I'm as anti-crypto as it gets but this was actually pretty reasonable. He's advising a small % of your net worth as a hedge, not 100% of your net worth as a speculative investment like most crypto bros are preaching. And he recognizes that it has no value as an actual currency, just a hedge in case of catastrophe.
As always, a pleasure tuning in to what Barry has to say. I never leave not learning something.
Passionate CEOs are kinda rare. Great interview even though I don't fully agree with the guy.
Thank you for taking the time Barry. Great insight as usual
Great interview. Thanks!
He is complaining about amazon destroying retail stores. How about him buying residential homes and destroying mom and pop house landlords. He is such hypocrat.
some industries seem to be trying to make up 1 yr+ of revenue loss from the lockdowns with those price increases...it's unjustified imo
Barry Sternlicht is just something else … I even have his portrait on my Lock Screen wallpaper.
Barry is brilliant. Yes to BTC & the only US businessman who understood real reason China clamped down on Alibaba.
Main Street a nice piece of nostalgia, but maybe there is no need for it. Sounds like Barry is talking his book and would like rents to increase. But the fact that Amazon makes shopping more efficient makes commercial real estate on Main Street obsolete. I’m sure there are people that liked to send physical mail and email did away with that. But is that a bad thing? Is it not a better world where we don’t have to wait our time driving, looking for parking and waiting gas and fumes to get toilet paper? Make Main Street a park, I’m sure you will enjoy it even more :).
The problem is that like wal mart, it siphons revenue out of communities. Automation of any kind is going to reduce employment.
What’s really wrong is that this video has 1K views, while a kid in a Harry Potter costume on a longboard named Zach King on TikTok had 2.2 billion views🤷🏽.
No suppression going on here.
That’s why the majority of the population is not successful.
So, free markets are great and the government should stay out of the way, charge low taxes, create incentives, and make it easier to do business. Great. But then you love it when the government builds bridges and roads and creates infrastructure to help businesses and families. Where does the money come from? I can never understand that disconnect. Yes, some cities are too expensive and there's too much regulation, etc. But it's because until now it's been important to be near the talent and your customers, suppliers, etc. and ecosystems like New York or San Francisco/Silicon Valley have been in virtuous cycles where it's expensive but also very lucrative to live there. When these get too expensive and difficult, companies leave and go to new cities like Austin, Jacksonville, etc. Also, with more digitalization this should get easier. But this red state/blue state explanation is really simplistic. Because then he complains how real estate prices are going up in so-called red states like Texas. As long as there's a reason to be in cities like Austin, Miami, etc. this will happen. I have whiplash listening to the logical rollercoaster.
So basically free market until I can't compete. Then I want the government to help.
He's hypocrite
100%
" a selection of them" 28:34
2% of his net worth is in bitcoin, 98% of his net worth is in real estate. Now tell me what asset class he chooses as a better hedge against inflation 😎
given he claimed money will be worthless. maybe he will be pricing his 98% property portfolio in Bitcoin, and then he will be 100% in bitcoin.
He makes me want to buy more AMZN
This is what happens when you live a life too far removed from normal people issues and problems...get put up on podium to talk
Looks like Barry has put on some serious Covid weight
Piled ! Not good
Sounds very smart ... until the BTC comments.
Let's assume USD inflation can't be stopped and we have to raise rates. 2% interest would swallow the discretionary budget, meaning more money printing, meaning more inflation. What strategy would be useful to hedge against a scenario like this?
You don't have to agree, everyone is free to join Bitcoin when they have had enough with inflation.
I'm as anti-crypto as it gets but this was actually pretty reasonable. He's advising a small % of your net worth as a hedge, not 100% of your net worth as a speculative investment like most crypto bros are preaching. And he recognizes that it has no value as an actual currency, just a hedge in case of catastrophe.
@@timlec2688and then will lose even more money because it’s now popular. Real estate has and always will be king