The speaker questions investing heavily in stable, cash-flow-generating companies such as Johnson & Johnson or railway companies if the discount rate rises from 3–5% to 8–10%.

“it's like it's like why would i pay this much for you know um you know johnson and johnson you know like they're they're seen as a”

“a stable stock,”

“good cash flows, they'll return their cash flows over time, or a railway company,”

“like why the fuck would I invest that much if my discount rate isn't 3% or 5%, it's now 8% or 10%?”