Taco FTW

The podcast examines corporate and investor strategies for navigating the complexities of dealing with Donald Trump, particularly during his potential return to the White House. It questions whether corporate "butt-kissing" is an effective strategy, using examples like Amazon's Melania documentary and Chevron's approach to Venezuela, contrasting it with Exxon's more critical stance. The conversation explores the idea of a "taco cycle," where markets react to Trump's actions, and the potential for increasingly extreme actions to maintain that effect. It also addresses whether Trump's power or mental acuity is declining, impacting the risks for companies and investors. Finally, the discussion covers the impossibility of fully diversifying away from the U.S. market, even if there's a desire to do so, and the potential need for "shock therapy" from America's allies to get the country back on track.