Among his prescient calls were the dot-com bust and the demise of Lehman Brothers. In 2015 the streak ended with a 20% loss and he never recovered.
"I have four kids in their 20s," he notes. "They're so ready to get to see their friends, to get to restaurants, to go out and go crazy."
Noted entrepreneur would rather see a fresh stimulus round bypass businesses entirely to get money immediately into post-pandemic consumers' hands.
"Birthright" cash would be invested at birth in zero-cost equity index funds, be prohibited from withdrawal until retirement and compound tax-free.