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Slate Money

Slate Money - The Worse Than Marxism Edition

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 27 August 2016

⏱️ 38 minutes

🧾️ Download transcript

Summary

On this episode of Slate Money, hosts Felix Salmon of FusionSlate’s Moneybox columnist Jordan Weissmann, and Senior Finance Correspondent at Business Insider, Linette Lopez (@lopezlinette). 

Topics discussed on today’s show include:Why the brokerage firm Sanford C. Bernstein & Co., LLC. says passive investing is worse than Marxism.What the makers of the anti-allergy shot EpiPen are saying vs. what they are doing about the high cost of the drug.Why people are sick and tired of hedge funds.Check out other Panoply podcasts at itunes.com/panoply.

Email: slatemoney@slate.com

Twitter: @felixsalmon@mathbabedotorg@JHWeissmann

Production by Veralyn Williams.

Slate Money is brought to you by Harry’s. For a smooth shave at a great price, go to Harrys.com and use promo code money to get 5 dollars off your first purchase.

And by Placemakers, a new Slate podcast made possible by JPMorgan Chase. This podcast tells the stories of neighborhoods, businesses, and nonprofits that are working together to move their communities forward. Download and Subscribe to Placemakers wherever you get your podcasts.

And by Trunk Club. Look your best in clothes hand-picked by your own personal stylist. Get started today at TrunkClub.com/money.


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Transcript

Click on a timestamp to play from that location

0:00.0

The following podcast contains explicit language.

0:08.0

Hello, and welcome to the worst-than-Marxism edition of Slate Money, your guide to the

0:18.1

Business and Finance News of the week.

0:21.5

I'm Felix Sermon of Fusion.

0:24.0

I'm joined as ever by Jordan Weissman of Slate Magazine.

0:29.8

Hello.

0:31.0

I'm in Berlin, of all places.

0:33.3

He is in the Slate headquarters with me.

0:38.5

Our stand-in.

0:39.7

Oh my gosh.

0:41.0

It's me.

0:42.3

So we have the most awesome stand-in for Kathy O'Neill.

0:46.0

Stand-in, would you please introduce yourself?

0:47.9

Hi, I'm Lynette Lopez.

0:49.4

I'm the senior finance correspondent at Business Insider.

0:53.6

Sometimes I talk to Felix. And so he invited me.

0:58.0

It was all very casual. All very casual. Longstanding casual acquaintance. But we also, Lynette,

1:05.0

you want to plug your podcast. That's what you do. Oh, yes. When you get on other podcasts, you plug your

1:10.2

podcast. My podcast is called Hard Pass. It's with a young man named Joshua Barrow, who you might see on MSNBC. He also writes for Business Insider. And our podcast is much shorter than this one. It's only six to eight minutes. And it's called Hard Pass, as I said, rejecting the business of everyday life.

1:30.3

We talk about, you know, business, finance, markets, money.

1:34.0

Not so different in that case from slate money, except for in much more bite-sized digestible

1:39.2

chunks.

...

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