O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary reveals the most entrepreneurial sector in the U.S. economy and its' 'secret sauce.'
O'Leary Ventures chairman Kevin O'Leary discusses his relationship with Sam Bankman-Fried and if he would still back the alleged fraudster after the collapse of FTX on 'The Claman Countdown.'
O'Leary continued, saying that despite several economists' grim economic attitude, he is firmly "optimistic" about the U.S. economy. "I still am optimistic on the economy, this incredible economy. And the best part – and this is the secret sauce, the juice that really makes it work – total gridlock in Washington. No more spending bills, impossible to get any policy done. And the market loves that," he explained.
'Shark Tank' investor Kevin O'Leary breaks down his claim that gridlock in Washington is the"secret sauce" for the U.S. economy. An additional source of O'Leary's optimism is a pandemic-induced economic shift – companies adopting a "direct-to"I'm optimistic for one reason, coming out of the pandemic, the entire S&P 500 went to a direct-to-consumer model. I don't care if you're Nike or anybody else. Margins went up pre-pandemic. Nike was at 9% of sales, direct consumer. Now they're over 30 on their way to 50, much higher margins," he said.
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