Very insightful talk, I feel smarter after watching this. Really like how gave personal accounts of his life. Even being from immigrant background he achieved the American dream.
@@patrickmccarthy5617 LMAO. and now he has sold all his holdings in his SPACS companies. only thing doing good is sofi. Clover health is being investigated by the SEC. SO yes Chamath is a sales person
I consider him a smart money chaser or fast money trader and not a traditional value investor. I remember him doing tweets at 6am in the morning about SPAC deals he was doing at that time so he can pump and dump them before retail investors realize the deal wasn’t good enough.
Never agreed with Chamath more than this talk. Really appreciate the heartfelt wisdom you shared. Glad to see you finding your path. Would suggest finding your worth and satisfaction in the God of the Bible. Thanks!
He is incredibly skilled at seeming sincere and trustworthy. Why do you think he's talking at Wharton? Or on CNBC? It's to generate a face towards the public.
@@Jarv.01 look at any SPAC that Chamath/Social Capital has underwritten. SPCE OPEN CLOV IPOD IPOE IPOF DM MILE SPRQ All of these are down -85%+ since being listed.
@@sebastiananderson8679 So, he raises private capital to acquire companies and in each of those circumstances he’s over payed or the companies weren’t as good as previously thought = low price cap?
@@FirasFreajah "i scam people due to their ignorance, and gaslight them as it's their fault to not trust me bro, it's on you bro." Trust being broken ruins markets and societies, people trust Chamath, he's not a random guy off the street, and then for someone a retail ignorant who's not financially an expert is sold on the pitch of this guy losing a lot of their money repeated at scale over a society is long term destabilizing and can cascade into a financial system that no one will eventually use or trust because the regulators allow for bad behavior to go abound. That's why there are accreditation laws, a tax on ignorance is horrible for a society. We all have met many ignorant people everyday, it's a form of abuse if we take advantage on them and inflict trauma, it's why we have fairly low trust today.
00:03:00 This is well established concept in psychology that when you have a harsh childhood you can either become the good child (workoholic, achiever) or become the bad child (self sabotage, addict). There is no other way. They will be often siblings. However you still compensate for the inferiority complex from your childhood. Even if you the successful one it is good idea to seek help.
Comparing Chamath to a snake is an insult… to the snake. Anyone studies face reading will see right away that his evilness shows through his face and he cannot conceal it.💰🤑😈
what an amazing person. Fully present at every second, rattling off amazing response after amazing response to all the people asking amazing questions. I've never seen anything like it - ever!
Sadly the greatest/ worst accomplishments being about ones family partner/kids/friends etc are great talking points but the reason he is sitting there & being interviewed is cuz he made $'s. So if you have a great family blah blah, you wouldn't be sitting in that chair being interviewed..
Saying banks are monolithic and comparing them to tech companies..my friend, finance has been there and done that. Finance has created value many times that of tech.
s a result of the Inflation Reduction Act, the Tribal Energy Finance Program now holds $20 billion in lending authority plus $80 million to administer the program, including paying credit subsidy costs. And tribes may apply their loan toward project costs directly related to design, engineering, financing, and construction of eligible energy development projects. The Inflation Reduction Act also enabled tribes for the first time to receive direct pay for tax credits offered to certain types of energy projects there is the money Heppolt wind hydrogen.
Totally onboard with Chamath's 2 points. However, could he be wrong, and if so, how/why? The main question I have is, how does shifting sources of conflict from oil to minerals for solar panels increase peace?
The answer is it doesn't Africa and the resource curse is evidence of that. Look at every major source of something as simple as lithium. Who tried to fund the coups, wars, corrupt politicians, corruption etc etc. It's just a hot mess.
Key materials are spread all over the Earth and refining processes are improving rapidly. These materials are, for the most part, recyclable . Oil is not.
What does he mean about the comment around 32:00 about the new generation making trillions based on what's going to happen? He says the previous generation benefited from zero interest rates but he doesn't give a specific for the next catalyst very confusing
Thankyou so much for sharing this. This interview has meaning to me and resonates in so many ways (minus unhappy childhood 🙏) when i reflect on my own personal experiences of life. 👍 I’m a small uneducated retail investor, with a question: carbon in atmosphere =>Carbon ICE exhaust capture + intermittent solar=>physical carbon fibre stored to produce automotive (carbon)car bodies ie solar powered production driven carbon auto body/3D printed car frames removed co2 from atmosphere. Why cant we do this? (Especially if energy>zero cost)
1:25:05 read books, connect the dots and formulate your own conclusion that’s plausibly rational. I can’t help but surmise these well revered institutions are very good at churning the same people every year. It’s as if it’s an assembly point
Wasn't that bad. And besides, give these kids a break. Interviewing a famous billionaire in front of hundreds of your students when you're 25 years old for over an hour ain't easy and not sure what your expectations are--these are bschool students not performance arts/journalism students.
Not sure about the green hydrogen bet. Doesn't even really exist yet & even if it did, would need huge amounts of water. Then you have wind/solar = (free) electricity. Wonder if Chamath somewhat contradicted himself?
he is full of shit. I know that he is smart enough to pocket bunch of money from dumb spac investors but he was thinking inflation is transitory and he is a pure beneficiary of 0 rate policy. he wants to pretend he knows how to make money when rates go up. lets see.
He's not wrong Solar Panel, Wind Energy, and Grid scale battery costs have come down over 70% in the last 10 years and over 90% over the last 50 years. Doesn't take a genius to figure out as more countries buy energy systems in bulk costs will come down further. Not to an actual price of 0$ but the limit will trend towards $0 over an infinite timescale. And when you're looking at deploying $100's of millions of USD in capital, energy related costs could essentially be rounded down to zero for certain projects.
