Investigating The Mormon's $100 Billion Hedge Fund (#424)

TL;DR

The video argues religion is the greatest business model ever, using the Mormon Church’s $100 billion tax-free hedge fund as an example, then pivots to detail an Israeli psyops company (Team George) that offers hacking and narrative manipulation.

Key insights

• Religion has extremely high LTV, zero customer acquisition cost, volunteer workforce, tax exemption, and a balance sheet with billions in assets and no liabilities.
• The Mormon Church’s investment arm, Ensign Peak, manages over $100B, grew from $40B in seven years, owns 2% of Florida’s land, and made $8M on the GameStop squeeze.
• The church uses 13 shell companies to obscure investments, claiming it’s to prevent members from copying trades and that the fund is a “rainy day fund.”