In this episode of the Money Stuff Podcast, Matt Levine and Katie Greifeld discuss leveraging 401ks through Basic Capital, a company backed by Bill Ackman, which allows borrowing against retirement funds, primarily investing in fixed income and private credit. They explore the theoretical benefits and practical compromises of this approach, including potential risks and high fees associated with private assets in 401ks. The conversation shifts to the hyper-competitive nature of college finance clubs and the pressure on students to excel early, before considering potential solutions for compensating Elon Musk with Tesla stock, including acquiring one of his companies.
