All the crap you never needed

The All-In Podcast E247: Key Insights From October 17, 2025 Dreamforce Dinner Drama & San Francisco's Changing Landscape The recent Dreamforce conference sparked controversy when the SF Standard criticized Marc Benioff for his conversations with David Sacks. What began as an innocent dinner became fodder for media speculation, highlighting the ongoing tension between tech leaders and local press in the Bay Area. Benioff found himself in another controversy after making an off-hand comment about deploying the National Guard to San Francisco—a remark that was quickly blown out of proportion by media outlets. Despite the negative press, San Francisco has actually made significant progress in addressing its long-standing issues: Crime rates have decreased 30% citywide and 40% downtown All tent encampments have been cleared The police department has experienced a net gain in officers for the first time in years Conviction rates have improved Deportation of Honduran national...

All In Interview - Andrew Ross Sorkin - October 16 2025 America’s consumer credit boom began in the 1920s. Automakers and appliance companies normalized buying on credit, underwriting was lax, and stocks surged 48% in 1928. With few rules and no SEC, corporations even lent off their balance sheets so people could buy equities. The era’s heroes, from RCA to industrial titans like John Raskob, created a social pressure to speculate. The technology shift to radio amplified the fever. As ever, innovation rode alongside speculation. Regulatory guardrails arrived only after the crash. The Glass–Steagall framework later separated commercial and investment banking and created the FDIC. That regime wasn’t only about consumer protection. It also corralled the “800‑lb gorilla” of universal banking to reduce systemic risk. Personalities mattered. Charlie Mitchell, the Jamie Dimon of his day and a NY Fed power broker, pushed for easier money. Senator Carter Glass, more akin to today’s populist skep...

October 10 2025 BG is back!!!!! 👏 I. The "Moonshot Presidency" Agenda: Geopolitics and Domestic Policy The "Moonshot Presidency" involves high-risk, high-reward efforts across multiple fronts, including China, AI, re-industrialization, India, Pakistan, Ukraine/Russia, and the Middle East. A. Geopolitical Success: The Middle East Peace Deal Gaza Peace Deal Details: ◦ President Trump announced the first phase of a multi-stage peace deal between Israel and Hamas, notably two years after the October 7th attacks. ◦ The deal is based on Trump's 20-point peace plan . ◦ Phase 1 Components: Includes a ceasefire, unrestricted aid into Gaza, release of all remaining Israeli hostages, release of 2,000 Palestinian prisoners by Israel, and the start of troop withdrawal. Diplomacy and Brokerage: ◦ The deal is seen as a "big breakthrough" and a "big accomplishment". ◦ President Trump demonstrated "a degree of will unlike any other presid...

October 3 2025 Push up challenge EA going private $55B Silver Lake, Saudi PIF, Kushner’s Affinity Partners Games are huge - 3B DAU IP creators (EA, etc) vs Gatekeepers (Microsoft, XBOX, Playstation, etc) This is a huge asset - probably bigger than social media - but creators don’t win enough AI will accrue to video game entertainment much more than social media or traditional media engagement - this is one view - and could explain part of the thesis for this deal (at least in potential) Deflationary effects of AI will give people more free time - so general market for entertainment will grow - Gaming is a huge part of entertainment Saudis are going big after gaming - chunks of blizzard, take2, etc - and whole games/companies, etc Why is PE becoming so large? When too much money goes in, returns compress Distributions on Paid in Capital - DPI is more important than IRR - this has been less in PE recently - so money will leave this asset class SPAC 2.0 Traditional IPO...

  All In Interview - Congressman Ro Khanna: October 2 2025 4th time on the pod H1B There is abuse Disagrees with 100K fee and Trump’s tactics - but agrees with direction Hurts startups Calls out TCS, Cognizant, etc Need Chinese AI talent Supports faster green card approvals for talented folks Companies will just offshore the jobs to their overseas HQs TDS Acknowledges Biden administration border controls (lack of) Disagrees with Trump asylum shutdown Agrees with Trump on prescription drug issue Democrats need to call balls and strikes like Ro Both sides need to tone down hateful rhetoric Tech leaving the Democrats 95/100 tech were all Democrats (even Chamath) Biden administration looked at SV as money machine - it was instead about culture Trump shows he can act - he listened at the dinner and then for example helped push back on EU pressure on Google But does he listen to everyone? Doesn’t seem to be working with tariffs Economic patriotism Need to dou...