January 20 2023
- JCal nose hair shaming
- Friedberg is moderating
- Who gets credit for the podcast
- Republican candidates
- DeSantis
- Won the lockdown issue
- 70% of florida supports the so-called Dont Say Gay bill which is mislabeled and probably more about gender fluidity
- Remains to be seen what happens with CRT vs AP African American studies issue - latest problem
- Nikki Haley
- Has done more for climate change than any other
- young, parents had small business, small business person
- Brown woman elected to governor of SC - red state - and got stuff done
- Didn’t kowtow to Trump
- Really? Said she won’t run against Trump
- Chamath would vote for her
- Glenn Youngkin is #3 in Republican party after Trump and DeSantis
- He was able to win a blue state - Virginia went to Biden by 10 points - talented campaigner
- Will get destroyed on (lack of) record - been in the job for 18 months - but Obama was also only shortly in office
- Virginia has wonky 1 term limit
- JCal might vote for someone younger who won’t bankrupt the company - have to confront serious financial existential crisis - 1 vote issue this time
- He will support Republicans in budget showdown - to vote against raising debt ceiling
- The balance sheet is how you compete
- Sacks is willing to meet with AOC but not George Santos
- Cannot do climate change and social issues if you don’t have continuing credit of US dollar
- Women do a much better job of austerity than Men - Margaret Thatcher for example (so Nikki Haley might do it too?)
- Hard to do austerity as a politician - very hard platform to run on - when the other person keeps promising more stuff
- Republicans doing well with Stop The Spend pivot
- DeSantis
- WEF at Davos
- Exciting moment for CEOs, global economists, world leaders
- But now getting lot of pushback
- Started as globalism - but now getting politicized - do we risk becoming isolationist if we reject Davos?
- They are the elites - global business and government leaders
- Davos is worried about globalization being under siege
- It has to be said that global management is a disaster
- US Debt to GDP ratio is bad
- Ukraine war
- Covid lockdowns
- Energy policy - caused organic farming in SL to cause their economy to collapse
- No one should own anything
- Eat insects
- Anti-capitalist, anti-property ideas coming out of Davos
- Realized their decades of decision making being bad and instead are blaming disinformation on social media
- Trade is important - creates prosperity but creates dependencies also - and then has geopolitical implications - China became powerful while US industry got destroyed
- Neo-liberal world order has created the seeds of its own destruction
- China should not have been given permanent MFN status
- Appeals to the insecure over-achieving elite - people who want status and went to fancy schools and want to be in the club - value the signal it represents to the other over achieving surplus elites in the world - and you have to pay
- In 30-40 years the AllIn summit will become that too 😛
- Amount of prostitution is at record levels in Davos - zerohedge
- Need to find equilibrium - crazy globalization is not productive
- Creates competitors
- It will mean higher prices and higher inflation - (s)lower economic growth
- Davos has self appointed themselves Illuminati of the world - no one appointed them in charge - they have a serious PR problem
- They recruited JCal 15 years ago - to be a world leader - the bill was $40,000 - TED $6000 maybe?
- Such a grift
- People are looking at incompetent elites - setting an agenda for them that they don’t understand or want
- All journalists there are on an access journalism pass - its only for doing a particular kind of coverage
- World wants transparency and ownership of all the screw ups - Covid and energy policy
- Covid - where did it come from? Did US fund gain of function research in Wuhan
- Now the bill is $250000 - insecure surplus elite
- Who spends their own money?
- They don’t say anything noteworthy because they are not allowed to - its a forum for people to get together
- Davos-man was coined in 2004 by Harvard prof of intl relations Sam Huntington - globalist who has little need for national loyalties
- So critique isn’t new
- Clearly Trump election was a reaction to that
- Brexit was a reaction to that
- Believing in a borderless world - economically and politically has been receding
- Rebuild infrastructure while avoiding debt ceiling
- Global debt to gdp is 300-350%
- When people are making money and working they are not storming the capital or electing fringe candidates
- When is investment return coming in? 12 years or 40 years?
- India’s raw resources are off the charts
- Chamath is investing in a lot of places where natural resources can be captured
- India can play a huge role
- Indian govt has a cost of capital - they are sophisticated enough to create jobs effectively
- Germans are doing it, US is doing it, Indians are doing it
- Indians are not just letting China be alone, but are slowing them down too
- American immigation system needs to be fixed - entrepreneurs will solve this problem
- There are singular individuals who can drive a whole economy forward - small number of individuals backed by a large amount of capital
- Immigration vs recruitment is a nuanced policy
- Sacks’ family came in 1977 when his father was an MD and Doctor
- Better to admit people who can be productive immediately to the economy vs people who are on government subsistence
- Tiktok
- Many US universities (Auburn, UT Austin, etc) and 19 states have banned Tiktok (statewide or on local wifi)
- People want to ban because they fear the data is going to CCP
- The most viral highest revenue fastest growing startup in the world right now - Sequoia, Tiger Global, etc have lot of money invested
- Not good news for Tiktok/ByteDance
- True that ByteDance is caught between US and China geopolitics which will only get worse over time - but what is the evidence that Tiktok is spyware? Wouldn’t Apple ban it instead?
- ByteDance investigation found evidence of US users incl reporters whose data was monitored
- Similar to how FBI had massive influence on Twitter in a democracy - imagine what CCP can do with god mode on Tiktok
- What if US govt had board seat on US company?
- CFIUS concerns
- TikTok is an impaired asset
- BioNTech bought InstaDeep
- mRNA
- cell and gene therapies
- 250 person team - ~$600M
- To improve how AI can be used to accelerate drug discovery
- ROI can be huge if this can help you reduce the search space 99% and make drug discovery fast
- Raised $100M last year - now $600M - similar to DeepMind deal
- Sacks did a deal with Pearl? that helps figure out patterns in Dental XRays
- RoboFlow that creates tools for Computer Vision
- AI engineers go for ~$2M each
- Chamath invested Series A FlatIron Health
- Sold $1.9B to Roche in 2018
- This space doesn’t have great hit rate
- Best performing pharma company is $22.5B company - based in Dublin - Royalty Pharma
- ChatGPT seems more like a parlor trick but doesn’t solve your problem
- Brazil’s Americanas lost 77% value due to excel mistakes causing billions of loss
- Instead build AI to figure this out
- Alec Baldwin issue
- First thing to do is check it and clear it
- He was on a movie set and was handed the gun by an armorer
- Not clear why he is liable - the armorer screwed up
- Not sure him being producer makes him at fault - its just a title - other producers should also be liable if so
- Paper on aging from Harvard team - Epigenetics and loss of data integrity
- Yamanaka factors
Comments