E97: SPAC updates, public/private market overview, Putin's end game & more
- Sep 22, 2022
- 1:24:54
- Full Episode
0:00 Bestie intros! 1:03 SPAC updates, state of the public/private markets 20:26 US VCs have $290B in dry powder and raised a record amount in H1 2022, is the market nearing a bottom? 31:14 Risks of backing Putin into a corner, Russia's end game, conditions for conflict 50:45 Government-heavy climate plans, Dilbert/ESG backlash 1:01:20 Poker plans, chess cheating scandal
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast
Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://youtu.be/AODfsBMGzGQ https://twitter.com/chamath/status/1461453308623659010 https://marketbrief.edweek.org/marketplace-k-12/byjus-releases-delayed-audit-report-showing-large-losses-2021 https://pitchbook.com/news/reports/q2-2022-pitchbook-nvca-venture-monitor https://techcrunch.com/2022/05/10/tiger-global-hit-by-17b-hedge-fund-losses-has-nearly-depleted-its-latest-vc-fund https://www.nytimes.com/2022/09/10/world/europe/russia-ukraine-retreat-putin.html https://warfarehistorynetwork.com/douglas-macarthur-atomic-bombs-will-win-the-korean-war/ https://www.nytimes.com/2022/09/10/world/europe/russia-ukraine-retreat-putin.html https://sites.tufts.edu/css/mip-research/#:~:text=According%20to%20our%20data%2C%20the,these%20missions%20occurred%20after%201999 https://www.brown.edu/news/2021-09-01/costsofwar https://www.wsj.com/articles/gavin-newsoms-2024-climate-platform-california-40-climate-bills-energy-electricity-blackouts-11663702766 https://twitter.com/UncommonYield/status/1572743593508638722 https://twitter.com/Jason/status/1572399621389062145
Brief Summary
Chamath Palihapitiya discusses SPACs, market volatility, inflation, and the economic outlook with co-hosts.
Key points
- Market Volatility Concerns. Discussion on the challenges of finding good deals in a volatile market.
- Investment Decisions. Emphasizing the importance of personal responsibility in investment choices.
- Diligence in Frontier Markets. A unique approach to diligence in fast-paced deals emphasizes social proof and moral diligence.
- Economic Predictions. Experts predict a tough economic period ahead, with sticky inflation and rising unemployment.
- Geopolitical Tensions. The risk of escalation in Eastern Europe raises concerns about market stability.
- The Use of Tactical Nukes. Historical examples show the willingness to use tactical nukes in conflict.
Episode highlights
- Market Volatility ConcernsDiscussion on the challenges of finding good deals in a volatile market.“This last year has been really problematic.”2:56Sep 22, 2022
- Investment DecisionsEmphasizing the importance of personal responsibility in investment choices.“Things don't always go up.”8:55Sep 22, 2022
- Diligence in Frontier MarketsA unique approach to diligence in fast-paced deals emphasizes social proof and moral diligence.“You have to have a network when doing these deals.”18:57Sep 22, 2022
- Economic PredictionsExperts predict a tough economic period ahead, with sticky inflation and rising unemployment.“It's going to be a grind.”26:16Sep 22, 2022
- Geopolitical TensionsThe risk of escalation in Eastern Europe raises concerns about market stability.“Putin is putting nukes back on the table.”31:19Sep 22, 2022
- The Use of Tactical NukesHistorical examples show the willingness to use tactical nukes in conflict.“We dropped two atomic bombs on Japan to end World War II.”38:45Sep 22, 2022
- California's Energy CrisisCalifornia struggles with energy policies as costs soar despite renewable advancements.“California can barely keep the lights on as its climate policies bite the electric grid.”50:55Sep 22, 2022
- The Complexity of ESGThe implementation of ESG has created unnecessary complexity and is largely ineffective.“ESG today is broken and largely meaningless.”1:01:07Sep 22, 2022
