Peter Atwater on brain drain into politics as contrary indicator

I think it's really interesting that you're seeing an influx of asset managers, a.k.a.  BlackRock employees into the Biden White House team.  It reminds me, if we go back to the '60s - you had [Robert] McNamara at Ford going into the political space at the top of [the Go-Go '60s].  You've had Gary Cohn and the [investment] banking folks, [Henry] Paulson, [Steve] Mnuchin from the private equity space.  I think it's like hosting the Olympics.  You only host the Olympics at the very top.  You only go into political life at the very top.

~ Peter Atwater, "Super Terrific Happy Hour Ep. 8 - Peter Atwater: Our Sentimental Friend," The Grant Williams Podcast, 56:00 mark, December 13, 2020