Alison Southwick: The next
question comes from Harpreet. “I have a question about how stock prices
of U.S. tech companies [especially the FANG stocks] might get impacted in the scenario
of the U.S. dollar weakening and losing its reserve currency status.
Do you think this is possible?” Buck Hartzell: The short answer is anything
is possible, but I think you’re probably worrying a little bit too much. For those of you out there with reserve currency
questions, the US is the world’s reserve currency, which means other governments
keep a lot of our money. You may have some insights that I don’t. We have people here in Washington
who work in the Federal Reserve. I just don’t see that changing. That’s not
anything that I ever lose sleep over at night. We’re a bottoms-up kind of investment shop
here for how we look at investment companies and stocks to invest in. I put almost no thought into what’s going
to happen to Netflix or Facebook if the U.S. dollar is not the world’s reserve
currency. I’m not worried about it. I don’t even think about it that much and
I don’t think it’s going to have that much bearing on any of those companies. If you
like the companies and they’re doing well hold them. Don’t worry so much
about the reserve currency.