Also Sticky

The Money Stuff Podcast explores the complexities of private credit, particularly redemption requests and inflows in funds like Apollo and Ares, and the potential "liquidity confusion" arising from mismatched expectations. It also examines Larry Fink's letter to investors, focusing on AI's potential to exacerbate wealth inequality and the need for broader equity ownership. The hosts discuss Fink's suggestion of employer-sponsored emergency savings accounts for market investment. Additionally, the podcast touches on the potential IPO of SpaceX and its impact on space-related stocks, index funds, and closed-end funds, including the Fundrise Innovation Fund trading at a significant premium. The hosts also briefly discuss Elon Musk's securities fraud trial.