Gerry bemoans short term-ism in the markets and reiterates the need to focus on the business. Doug confesses a modicum of perma-bear sympathies.

As bad as inflation has been, Gerry and Doug are skeptical about claims that it will devolve into the dreaded hyperinflation. Still, they like crypto.

Instead of being mad at the Fed this week, Gerry is mad at traffic. Once's he's done with that, he and Doug talk about the advantages of venture capital, the good old days (and how they weren't always so good) and whatever else comes to mind.

The guys rehash what everyone is hashing: Silicon Valley Bank. Then, Doug hijacks the show and  lets loose on Covid policies.

Does the Fed have as much control over inflation as we think? Also, Gerry and Doug finally realize that it is hard to complain about over-focusing on the Fed without over-focusing on the Fed. 

Is the recent rise in automation a blatant attempt to crowd out humans...or does the declining birth rate indicate that we aren't holding up our end of the bargain?

Gerry explains what "Long Only" means to the uninitiated and Doug ask Gerry if he ever got the business right but go the stock wrong.

Gerry and Doug discussion predictions, the Phillips Curve, economists, etc. as they both try not to cough.

Gerry and Doug talk about books, lessons learned, changes not made and basically just try to avoid talking about the currently rising market (as of this recording).

After repeatedly being fooled by some previous upswings in the market, Gerry and Doug talk about if the worm has finally turned for good.