All the crap you never needed

April 11 2025 Sacks is back No Friedberg 😟 Ezra Klein joins the show Podcast of The Ezra Klein show Founder of Vox Abundance book with Derek Thompson Larry Summers joins the show Fmr President of Harvard Govt appointments Trump tariffs and China positioning Wild swings in tariff position Stock market hit Volatility Still lot of tariffs in place Markets have lost ~$4T-$6T Could be worse if you count how workers are hurt If they really didn’t care about Wall St then why were they happy about market going up a couple of days ago? This can reduce demand, increase unemployment, increase prices - which is all bad for people US is trading like an emerging market country right now Zeitgeist around America changing to that of Peron’s Argentina style Authoritarian tendencies, cronyism, etc Counter World is happily embracing 10% tariffs for US China isolated Can’t achieve this by asking nicely - that’s not how things work Stock market is crash o...

April 4 2025 Chamath entering Friedberg transgressions into White House records Ben Shapiro joining Antonio Gracias joining (from White House) Democrat for 20 years Knocked on doors for Hilary Clinton in Iowa Was a major donor to the democrat party Antonio with DOGE Wanted to go to VA but Elon suggested he go to SSA Took a finance guy and an engineer guy from Valor SSNs - you can get if you’re a legal immigrant, green card holder The growth in SSNs is quite surprising Extraordinary claims Apparently folks get in at the border, file a form which doesn’t make it hard to get into the country There is no real ID verification People get the SSN in their email 4 times more likely to get birthday as 1/1 - seems like clearly fake birthdays 20% of records didn’t have fingerprints Folks at border were overwhelmed Highest suicide rates among agents at this time So total 5.4M people Apparently 1.3M on Medicaid 1000s of these people registered to vote Some of th...

March 28 2025 Chamath abusing Friedberg’s dog Marshall Gavin Baker joins the show Nvidia Gavin called on by Jensen Nvidia balance sheet questions NVidia reference architecture for example that Coreweave went with worked out for Nvidia It means their buyers were more fragmented (vs hyperscalers to begin with) - and so it worked well Nvidia has gone through a big product cycle AR - accounts receivable went up more than sales Coreweave IPO Raising $1.5B (down from $2B) Have $8B debt Microsoft biggest customer NVidia big customer and investor Neocloud with GPUs Crazy GPU demand right now (even in China) Seems investor sentiment is negative going into the IPO Folks are not sure what the differentiation is (this might be a commodity investment) People might be underestimating the complexity of the implementation Wrath of Lina Khan is over - perception or reality? Many acquisitions happening in the last month Very good for the market AI cold war US raising export controls with an eye to China...