E55: Valuing crypto projects, Rivian worth $100B+, inflation: causes and corrections and more
- Nov 13, 2021
- 1:32:06
- Full Episode
0:00 Bestie intro and Solana Breakpoint talk 4:43 Covering the censored segment from last week, how to value crypto projects and general investing, what to take away from the podcast 30:45 Rivian's $100B+ valuation, greatest CNBC hit of all time 42:06 Inflation: reacting to the CPI number, problems with MMT, strategies to curb inflation 1:01:34 Xi Jinping becomes China's "Supreme Leader" 1:08:35 GE, Toshiba, and J&J break up into separate businesses: is this the end of the conglomerate? Insights from PayPal breaking off from eBay, what buybacks signal 1:24:44 Besties wrap the show
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
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Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://www.wsj.com/articles/us-inflation-consumer-price-index-october-2021-11636491959 https://twitter.com/denverbitcoin/status/1458900776747737093/photo/1 https://www.dtnpf.com/agriculture/web/ag/crops/article/2021/11/10/nitrogen-fertilizer-prices-shatter-1 https://www.wsj.com/articles/u-s-tests-israels-iron-dome-in-guam-as-defense-against-chinese-cruise-missiles-11636455224 https://twitter.com/Sen_JoeManchin/status/1458443966135902221 https://fredblog.stlouisfed.org/2017/02/two-tales-of-federal-debt https://www.wsj.com/articles/chinas-xi-gains-power-as-communist-party-designates-him-historical-figure-11636635312 https://www.cnbc.com/2021/11/09/ge-to-break-up-into-3-companies-focusing-on-aviation-healthcare-and-energy.html https://www.wsj.com/articles/toshiba-like-ge-plans-to-split-into-three-parts-11636700609?st=e6zgv5yq433lvr3&reflink=article_imessage_share https://investor.pypl.com/news-and-events/news-details/2021/Response-to-Market-Rumors-of-Discussions-Between-PayPal-and-Pinterest/default.aspx https://www.marketwatch.com/story/apple-spent-nearly-20-billion-on-stock-buybacks-in-q4-at-average-prices-below-the-vwap-2021-10-29 https://www.nasdaq.com/articles/which-companies-spend-the-most-in-research-and-development-rd-2021-06-21
Brief Summary
The episode discusses the Solana conference, COVID-19 vaccines, inflation, and corporate breakups.
Key points
- Pump and Dump Controversy. A previous episode sparked rumors of a pump and dump scheme involving Solana, which was addressed.
- Decentralized Networks. Exploring decentralized networks like Helium and Render that provide valuable resources.
- Rivian's Valuation Debate. Discussion on Rivian's valuation compared to Tesla's early days.
- Understanding Productive Assets. The importance of investing in productive assets versus speculative ones.
- Collective Market Perspectives. The market reflects diverse points of view, impacting investment decisions.
- Investment Caution. Investors are wary of companies with high valuations but no products.
Episode highlights
- Pump and Dump ControversyA previous episode sparked rumors of a pump and dump scheme involving Solana, which was addressed.“We took something out of the last podcast so people understand.”4:51Nov 13, 2021
- Decentralized NetworksExploring decentralized networks like Helium and Render that provide valuable resources.“People are figuring out how to create massively decentralized networks for everyone's benefit.”19:33Nov 13, 2021
- Rivian's Valuation DebateDiscussion on Rivian's valuation compared to Tesla's early days.“Rivian is being valued at 120 billion with essentially no public sales.”21:35Nov 13, 2021
- Understanding Productive AssetsThe importance of investing in productive assets versus speculative ones.“I choose to only participate in investing in what I call productive assets.”27:02Nov 13, 2021
- Collective Market PerspectivesThe market reflects diverse points of view, impacting investment decisions.“The market is the sum of all these collective points of view.”34:49Nov 13, 2021
- Investment CautionInvestors are wary of companies with high valuations but no products.“If you can't see and use the product, I'm not investing.”38:32Nov 13, 2021
- Inflation InsightsInflation is driven by too much money chasing too few goods, leading to price increases.“Inflation's very simple: too much money chasing too few goods.”50:22Nov 13, 2021
- Inflation Tax RealityThe inflation tax is affecting Americans daily, and Washington can no longer ignore it.“The inflation tax is real and DC can no longer ignore it.”54:33Nov 13, 2021
