January 10 2025
- Friedberg haircut
- Cyan Banister joins the show!
- Investor
- Was in Founders Fund
- SpaceX, Anduril, Uber etc
- Cyan, Chamath, Jason collaborated on investing show for NBC, Harvey Weinstein, etc
- LA fires 😟
- Palisades fires
- Eaten fires
- Hurst fires
- Some of the most exclusive real estate burnt down!
- Lot of conditions caused it
- Low rain
- Crazy winds - ~100MPH
- Poor management also
- Can’t make excuses - in 2018 such a crazy fire happened then too - Sepulveda
- Insurance companies dropped fire coverage recently too
- So people knew
- AB 2330, AB 1951, AB 2639 - all rejected by Democrat legislature or Gov Newsom - that would have helped - even SB 103 (power lines underground)
- CA has accumulated 163million dead trees over the last 70-odd years
- Don’t even build houses to be burn proof in CA
- Innovative solutions like cloud seeding could have helped
- Trump had called this out - he has been proven right
- Public service orgs should not serve DEI metrics ahead of serving the public interest
- But its not clear that DEI is to blame here
- Diversity is good unless that’s all you have
- But its not clear that DEI is to blame here
- Rick Caruso’s properties seem to have done well
- Similar failures with CA gov spending on homelessness and illegal immigrants
- People in charge have failed us yet again
- California Coastal Commission was created directly by voters in 1976, it has higher authority than legislature
- So they will be in charge of permits
- They can only be beaten out with legislative action
- Insurance implications are dire
- Disaster probabilities are going up - so will you pay higher percentage of your property?
- Insurance commissioner has lot of power
- StateFarm canceled 1600 policies in Palisades just a few months ago
- Department of Insurance has made it very hard to get market outcomes
- 1 of 3 parties eats the loss
- Homeowner
- Insurers
- Tax payer
- This will be what happens 😟
- Friedberg parents asking to be evacuated live 😟
- CA does not allow you to use a weather model to price in you insurance cost
- LA Mayor embarrassing response
- Need to vote in real executives who have run real stuff
- Entire CA political establishment needs to be voted out
- Elect better leaders
- Developers will come in and buy these lots for super cheap
- State insurance is bankrupt - they are driving real estate values up so they get more tax
- Zuck fires fact checkers and starts Community Notes
- He wrote a letter last year about how he was pressured by Biden administration to censor content
- He is following the value maximizing decision matrix
- Trump threatened him in his book
- Elon didn’t make a value maximizing decision - he made a moral one
- How much was he coerced and how much agency did he have?
- Maybe all the fighting stuff he did changed him
- Put Dana White on the board
- NVidia going consumer
- Project DIGITS
- Trying to grow into their valuation
- So looking forward - maybe his shoutout to Tesla/Toyota is for self driving and that could lead to crazy robotics growth
- Example: Tesla, Uber, Waymo, Lyft, Amazon - robo taxi business acquisition growth
- Lot of industrial applications might work better with locally running models on edge compute instead of having to send everything to the cloud
- Greenland
- As Arctic ice melts - Trump is looking for a shipping lane rivaling the Panama Canal - so makes sense to put pressure on Canada and Greenland
- China has control of the Panama Canal
- Opt-in imperialism
- US might have some old military base still there
- Origins of the Pyramids
- Lex Fridman interview with Graham Hancock
- Sea level has risen 400 ft in the last 12000 years
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