00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gerber Kawasaki, CEO Ross Gerber, accused private market firms of keeping private credit and private
00:09equity assets marked at inflated levels, while wire houses continue charging fees based on
00:14unchanged valuations, according to Benzinga. He said weak assets are not being written down
00:20and called for stricter accounting at major private equity firms.
00:23Gerber compared the incentive structure to the 2008 housing crisis,
00:27where compensation continued as risk built. He also warned that tariffs and war are
00:33reigniting inflation, making valuations harder to assess. He said retail investors using apps
00:39like Robinhood and Leverage could face losses in a pullback. Gerber added inflation is not going
00:45away soon and said it is hard to be bullish, citing pressure on stocks, bonds and household costs.
00:51For all things money, visit Benzinga.com.
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