The World's Super-Rich Prize Become Prizes for Banks

The video discusses the influence of ultra-rich individuals on private equity, highlighting how family offices are bypassing traditional banks to manage investments. It draws parallels with historical figures like JP Morgan and examines the global nature of modern wealth accumulation, mentioning prominent figures such as Bezos and Buffett.

What is the significance of the phrase 'cutting out the middleman' in investment?

Discuss the implications of the statement that 'bankers can seem irrelevant' for the future of investment banking.