Investors in risky asset classes "massively benefitted" from years of ultra-easy monetary policy, Chamath Palihapitiya, founder and CEO of Social Capital, said at the Axios BFD event Wednesday.
Why it matters: Chamath made his name as a boastful memelord, leading a crowd of retail-investor apes into SPACs and crypto. Now he's wearing a dark suit, talking about risk-adjusted returns and intellectual rigor, and remorsefully saying that he was blinded by zero interest rates.
