the link is here.

She called out deflationary when mainstream of the market is expecting inflation at that time already (which turns out the mainstream is right) and elaborated there are three sources of deflation. one is good, caused by technology innovation, cutting down cost substantially; the second is innovative destruction, which is basically same as the first one; and the third one is cyclical deflation started with lumbers, and then chip shortage, which she emphasize reinforced her conviction that the world is turning into digital, turning more into electric car versus gasoline cars. She was challenged by the host on all analysts on street predicting a huge inflation ahead, and answered that they were using traditional benchmark, while she is adopting and believing in “transformative innovation” enormously growing trajectory.

Cathie’s portfolio weighed in top and huge position on Tesla. Because Tesla would be the problem solver on autonomous driving. It has the best AI, battery technologies, and over the air software update.

DeFi is collapsing the infrastructure cost in financial industry.

She said disruptive innovation is so controversial so even it tumbled, there is another big shot.