Matt Gaetz Annihilates Liberal Goon on DEI in One of Greatest Takedowns Ever.//The Dan Bongino Show Clips

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Transcript

00:00this is probably the best clip of the show. You guys see this? This is good stuff. This is Matt

00:05Gates, a fireball up on Capitol Hill. He's talking to the chief investment officer of one of the

00:12largest pension funds in the country, CalPERS. These guys are claiming, yes, DEI is great for

00:18investment returns. Watch. You want to see an epic takedown? This is freaking glorious.

00:26DEI is great? Really? Check this out.

00:29Well, does DEI improve the returns to your investors?

00:34I think part of good governance of a company is having diverse perspectives brought to bear as

00:39they manage that company. And I feel strongly about that for the investment team that I lead

00:43also. We want diverse- And what is the evidence that you rely on for the belief that the DEI

00:50agenda will produce better returns? Is there any study, report, analysis?

00:56You know, as an investor, I read research reports constantly. I probably read five,

01:00six, eight of them a day. So over the course of my career, that's probably been thousands.

01:05I know. I'm just wondering if there's one that kind of sticks in your mind. You say,

01:08Congressman, I'm here to do good by these 2.2 million beneficiaries and my embrace of DEI.

01:15This is what I can point to as the evidence that that's helping them.

01:18Every database study can tell lots of different things, and every data works that way. That's the

01:24way investing works. And remember that when we're focused on investing, we're focused on how we-

01:28Mr. Bambi, you can either cite a study or you can't. You can't, right?

01:33In the thousands of studies that I-

01:34Just name one. Okay. Well, here's what. I found a study that actually CalPERS did.

01:39You guys did this study. It's entitled Emerging Diverse Manager Data Report.

01:44Emerging Diverse Manager Data Report. And I'm citing from the sixth page of report where it

01:50says, since inception, current diverse managers generally underperformed non-diverse managers

01:57in the asset class in the policy benchmark. Are you familiar with this report?

02:03Can I see a copy of that study, please?

02:05Hey, take a note on that, fellas. I just said, hey, so Kraken, Kraken,

02:17it should be talking to people like that, the union rep. I mean, respectfully, fellas,

02:21can you take a note on that? You know, we have that at the end of the year, the December,

02:24the 10 best video clips of the year. Can you please, that is, if that one is not in the top 10,

02:29I'm quitting the show. You can, it's your show. Doesn't matter, I'm quitting anyway.

02:33Folks, tell me in the chat, is that not one of the best clips you've ever seen?

02:37DEI is great for our investing. Do you have a study to show that? No, I don't. Because I have

02:42a study that shows that DEI actually sucks. Oh, who did that study? You did. You did.

02:49Can I see that study? Conservative media, I'm sending it. Listen, a lot of people watch my

02:55show and do stuff, which is cool, which is cool. Everybody takes from each other, it's fine. We

02:58just happen to go first. If you're not putting that on your nightly shows and your cable news

03:03channels today, I'm not watching anymore. That was a clip from the Dan Bongino show.

03:07You can watch the full show. We recommend you do on Rumble. Go to rumble.com slash

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