All In Podcast – Notes


Productivity

Updated May 15th, 2022

E24:

E23: Great Fan QA

Travel is a $8.8 trillion part of global economy, (E0).

The most important thing is to not go out of business, it’s to survive, (E0).

It took Chamath 13 years to get even from the dot com bubble, (E0).

For the right businesses their is always capital, (E0).

Funny the takes on the stock market and VC market in episode 1.

VC firms, are sophisticated. Efficient market hypothesis, (7-8-9%). These foundation and sovereign wealth funds are going to have to force VC to mark down their books…Need three years of capital in the bank, (E1).

LP gives money to hedge funds. Repo market used as collateral. Refinance short term paper. If market seizes, the market seizes and capitulates, (E1).

Mark Cuban said bailout cannot be for companies who participate in buybacks. Airlines spent 96% of Free Cash Flow on buying back stock, (E1). CEO pay goes up but the company is not on any better footing.

The “dollar street” project, (E1).

David Sacks first episode was episode 3.

In the last week the level of distressed debt in the US has quadrupled…some companies like Ford are critical linchpins (E3).

Real economy is in the toilet, public markets are buoyed by the fed and do not reflect reality (E3).

Unemployment number is wrong, since people are leaving the workforce, so a denominator problem as well, (E3).

There is no monopoly on innovation. Working remote is way better, (E3).

This is the beginning of the modern cold war but China is a far more worthy adversary than the USSR was in the 70s, (E3).

All wealth depends on trade -Sacks (E3)

Carbon is methane, cows burping, (E8).

One of my biggest learning as an investor is to let your winners ride – David Sacks, (E14).

First episode with intro music E16.

From Warren Buffett, “If you can identify six wonderful businesses, that is all the diversification you need. And you will make a lot of money.” Summarized by Chamath as no one gets rich on their 7th idea, E17.

There needs to be something that allows people to have a line of sight to savings. So many people don’t understand the concept of ownership so they are stuck in the ghetto of labor, E18.

I think in the next 10-20 years, the united states is going to re-emerge like a fucking phoenix. And the reason is going to be around innovation in climate change, agriculture, biotechnology, and technology. These four areas are going to recast GDP.