I found his comments on the Fed policy and its affect on big tech's stock performance interesting and wrote about them over the weekend [0]. In short, according to him a big reason the largest tech companies are up 60+% since beginning of 2020 is due to low interest rate policy of the Fed. Low rates juice equity returns and the biggest beneficiaries are large tech companies with really strong cashflow and low capital requirements. The 5 largest tech companies now comprise nearly 25% of the S&P500.
This was the single largest line item of covid spending. $3 trillion of the $12 trillion has gone directly into asset purchases (treasuries and mortgage backed securities) [1]
Another interesting thing I read about is how companies work around inflation. You see this in candy bars where the company shrinks the size of the bar rather than raise prices, eventually creating a "king size" to accommodate higher input prices. Other examples of include cutting corners and using cheaper material.
[0] https://mleverything.substack.com/p/where-did-the-12-trillio...