All the crap you never needed

April 17 2026 Mamdani Tax Pied-a-terre tax Dumb because second home will be taxed and thats the most elastic part of the market - so no one will buy second home in NY This is like a dog whistle - asking for United Healthcare CEO type shooting or Sam Altman home firebombing Maybe this is good for hotels This hurt London - land banking - so maybe it will work out for NY Maybe the solution is building more housing - like in Austin Its obviously good for the city to have billionaires park their money in these cities They also don’t consume resources but pay property taxes so its profitable for the city So this will hurt With the London situation rich people moved to other cities in Europe Transaction costs in LA and SF are too high (could be 13% of property) Your property is not safe in blue states - wealthy people will realize that - the political class thinks they can take a chunk of it OpenAI Internal memo shows targeting Anthropic and going after their market shar...

April 10 2026 Brad Gerstner back in for Friedberg Just do stuff - build and don’t ruminate Works at all levels of society and desires Anthropic Mythos Found many security vulnerabilities Good job setting up Project Glasswing - signed up a bunch of amazing companies like Google, Apple, etc to find vulnerabilities before hackers exploit them OpenAI and Google will likely do the same thing with their upcoming powerful models While Anthropic has a track record of scaring people alongside their product releases or fund raising - in this instance it does seem they have been very responsible Frontier Model Forum cooperates and coordinates on items of such high importance Why did they contact these software giants and NOT nuclear reactor makers, airplane manufacturers, airline operators, etc? Anthropic ankles OpenClaw Switch to API usage instead of $200 bundle Are they giving themselves an unfair advantage? Apparent competitors for OpenClaw Hermes Anthropic Claude ...

 April 3 2026 No Sacks 😟 SpaceX IPO $1.75T reported valuation Should merge with Tesla to reduce noise and overhead for Elon Moon manufacturing and logistics might be simpler - lower gravity, no atmosphere, make it easier to move things around without friction Could be a fraction of the cost of doing the same on earth Robots will help move Humans to the moon Could be a fundamental parallel technology infrastructure This is enabling other amazing entrepreneurs - like Vast making space stations, etc This will unleash a huge economy of things that we have no idea about Last mile logistics needs to be built Space garbage collection needs to be figured out Power generation is being worked on Intersection of autonomy, robotics and space travel will expand humanity’s potential Rebuttal to socialists on earth who are trying to stop everything More 2026 IPOs Anthropic, OpenAI, Databricks Maybe Stripe, Canva, Cerebras Riskier the further down the IPO chain you’re in Cla...

E265: March 27 2026 Anthropic on a generational run Jensen called Opus 4.5/6 an inflection point (similar as Michael Dell) Anthropic releasing features out the wazoo - incredible pace Company made an early bet on coding/agentic coding - working really well for them They make the best coding products People pitting Anthropic and OpenAI just for drama Both companies seem to be accounting revenue differently and the businesses are quite different Emil Michael apparently smeared in article about his involvement with Anthropic and potential rivals - classic deflection by leftists OpenAI losing share? Risk is low because its very well established Could become the default consumer AI app - like how people pay for phones and electricity - OpenAI could be there Could be new platform like smartphone App store Google has a strong position here - they could release their own OpenClaw - people already trust them Impact of AI on valuations One thing that can help is looking at ho...

March 23 2026 (from NotebookLM) Interview 1: Michael Intrader (CEO of CoreWeave) Company Background: CoreWeave didn’t start as an AI cloud company. They started in 2017 as an algorithmic natural gas hedge fund, pivoted to crypto mining (Ethereum) using GPUs, and then moved up the complexity stack to CGI rendering and medical research. The Pivot to AI: In 2020/2021, they bought A100 GPUs and donated them to a volunteer open-source project called EleutherAI. When those researchers went back to their day jobs, they demanded CoreWeave's infrastructure, which launched their AI training business. Their first large commercial client was Inflection. Where They Sit: CoreWeave operates "above the Nvidia GPUs but below the models," focusing solely on the infrastructure and software integration needed for purpose-built AI clouds. Thinks of Inference as monetization of the training of the model The "Box" Financing Model (Important Concept): Intrader explained how...

March 22 2026 (from notebookLM) Intro Matt Mahan is the current Mayor of San Jose and is running for Governor of California. He grew up in a working-class family in Watsonville, went to college on a work-study scholarship, and spent a decade in the tech sector building civic tools like Causes and Brigade. He decided to run for local office after knocking on 10,000 doors and hearing voters complain about paying high property taxes without seeing basic services delivered. State Spending, Dysfunction, and Accountability California has increased state government spending by 75% ($150 billion) over six years, but outcomes have remained flat or worsened. Mahan points to the state's high-speed rail project as a prime example of a lack of accountability, noting that $14 billion has been spent over 20 years on consultants, lawyers, and environmental reviews without delivering a product. While there is outright fraud—such as $30 billion in fraudulent pandemic unemployment claims—...

March 19 2026 No weekly show only for Trump, Jesus and Jensen 🙂 (from NotebookLM + myself) Groq acquisition AI Factory Jensen introduces "Dynamo," which he describes as the operating system for the next industrial revolution's "AI factory". The core technology of Dynamo is "disaggregated inference," a complex processing pipeline that spreads different workloads across heterogeneous computing like GPUs, CPUs, switches, and Groq processors. Jensen states that Nvidia has fundamentally evolved from a GPU company into an AI factory company. Agentic AI The AI industry is moving from simple large language models to "agentic processing," where AI agents use working memory, long-term memory, and utilize tools, which puts heavy demands on storage systems. Because modern data centers must run highly diverse workloads (large models, small models, diffusion, auto-regressive), Nvidia developed the Vera Rubin architecture, effectively expandin...

March 18 2026 (from NotebookLM) Political Identity & "Moral Clarity" Label shift: Fetterman ran as a "progressive" back in 2015/2016, but completely dropped the label around 2021/2022. Now he just calls himself a standard "Democrat". Weird Polling Stat: He noted a poll showing his approval rating is roughly 50/50 with Democrats, but actually higher (in the 60s) with Republicans. Core Philosophy: "Country over party" & "moral clarity". He refuses to just take the opposing view of the Republicans on every single issue, which he says the rest of his party is doing right now. Who leads the Dem Party today? -> He literally said "TDS" (Trump Derangement Syndrome) is governing the Democratic party right now. If Trump likes something, Dems automatically hate it. Foreign Policy (Israel & Iran) Israel: He is "unapologetically" supportive of Israel. Calls it a "just war" and complete...

March 16 2026 Travis Kalanick Bits = CPU, Storage, Network Atoms = Manufacturing, Real Estate, Transportation/Logistics Moved to Austin Very hard to solve CA issues Truth and Justice are the immune system for society - when those are derailed, everything gets worse China is amazing and living in the future Michael Dell Started Dell 42 years ago with a $1000 in Austin Texas Economy growth vs rest of USA without Texas has better growth story Austin is just about top 10 US states 1 out of 10 children born in USA born in Texas More companies in Texas than NYSE AI companies are growing faster than earlier set of companies Doesn’t think AI means fewer jobs - it means we will do more things Invest America Agreed with Brad in 2021 that it was a great idea Previous administration didn’t take it anywhere inspite of discussions Trump seeks out ideas from business leaders Aiming to get $5T into the hands of Americans without 0 If instead this went to the government, it wo...

March 13 2026 Brad Gerstner in for Friedberg Brad got a shout out at the State of the Union Trump Accounts 100K accounts claimed per day so far Millions of kids got their accounts already More amazing announcements upcoming Iran War and fallout Oil prices are up New Ayatollah claims Strait of Hormuz will stay closed BG expects shorter duration of the impacts because Trump doesn’t care about democracy so much (Cheney like) as achieving the goals Chamath thinks this shouldn’t get worse Sacks also thinks war should end soon but more right leaning folks want the war to go much longer Iran could then escalate to hurting oil and gas infra of the rest of the middle east countries So open the strait but can’t refine oil? Also Desalination plants in the region are soft targets This would be catastrophic - would destroy the gulf states from a humanitarian perspective Israel is also getting hit badly - so it doesn’t help to prolong the war Escalation coul...

March 11 2026 Paul Atkins - head of SEC Michael Selig - head of CFTC SEC top priorities Agenda is to make IPOs great again - focus on litigation Threats of class action lawsuits Weaponization of corporate governance CFTC top priorities Roll back regulation by enforcement actions of previous administration Purpose fit regulation Prediction markets Needs to be careful about the kinds of contracts that are allowed Markets are a source of truth but insider trading is illegal in the US Accredited investing requirements are in question now Why not expand access to more investors 3 core types of participants Hedgers Speculators Market makers SEC and CFTC both have rules the other would like to have US capital markets are the envy of the world Regulatory system in Japan, Europe etc is not very flexible

All In Interview - Graham Allison - March 9 2026 (from NotebookLM) I. The US-Israel-Iran Conflict Current State: High uncertainty ("fog of war"); worsened by unpredictable leaders like Trump and Netanyahu ("fog machines"). Military Execution vs. Post-War Reality: US/Israeli military and intelligence capabilities are unmatched, but history (Iraq, Afghanistan) proves regime change is extremely difficult. Breaking things is easy; building is hard. "Bibi's War": Allison compares Israeli PM Netanyahu to Captain Ahab (Moby Dick) due to his multi-decade obsession with destroying the Iranian regime. Allison considers himself pro-Israel but anti-Bibi, noting Netanyahu is damaging Israel's democracy and alienating young American voters. Trump's Motivations: Erratic and impulsive rather than part of a grand strategy. He saw a tactical window to strike Iranian leaders in public. Global Ripple Effects (Unintended Consequences): Economic shockw...

March 6 2026 Emil Michael - Under Secretary of War Operational axe/Fixer/Rainmaker for Travis Kalanick at Uber Chamath having fun on Twitter Iran War US and Israel attacked Saturday Trump claims this is to nerf Iran’s ability to develop ICBMs Iran is a prodigious drone maker This likely is to hit Iran and China’s relationship China is currently projecting its lowest growth in 30 years With rising unemployment (youth especially), lower growth, higher population, they are in trouble China energy mix This could hem in China at an opportune moment to get a Grand Bargain with China Rules of Engagement have changed - they were punishing and needed to have a legal understanding - those things have changed now Drones are increasingly important in warfare, security, surveillance, golden dome He told Anthropic that if you don’t let US use the models, it will just hurt us because anyway their model is being stolen by the Chinese Jason claims he’s a moder...

March 3 2026 Ray Dalio 3rd time back Had made some good input on last appearance just when Trump was getting inaugurated Deficit was hoped to be reined in to 3% but now its 6% (deficit to gdp) Backdrop - sadly too much war and irreconciliable differences between both parties Foreign buyers will be hesitant then Dollar denominated debt is already a large percentage of their portfolio Geopolitical risks also there - debtor and creditor could have conflict (US/China, US/Europe even?) These kinds of cycles have happened repeatedly through history Structurally a little difficult to do DOGE kind of efforts at this stage Gold Not some precious metal that people speculate on - its the second largest currency that central banks choose to keep Distinguish wealth from money Wealth you can’t spend (buildings, etc) You have to sell it to spend Money you can spend Gold could be considered to now have reached a fair value vs being undervalued earlier Countries and people shoul...

February 27 2026 Chamath launched his own YouTube channel Claude’s hit list 3 for 3 in tanking different market sectors in February Feb 3 - Legal plugin for Claude Cowork Thomson Reuters, Legalzoom etc down Feb 20 - Claude Code Security CrowdStrike, etc down Feb 23 - Claude announces COBOL modernizing IBM down Some of this is smart finance players changing positions likely Markets are in “if” mindset vs “when” mindset - can AI models disrupt the market? So when you don’t know how to price it, you want a massive margin of safety PEs go down, Revenue multiples go down Viral Citrini AI report also might have had an effect Were there any shorters who had something to do with the article? Derek Thompson response about AI narratives being science fiction ideas is a good one Natural for market to react like this given uncertainty in future vs how reliable SaaS used to be Is there really enough consumptive capacity on the other side of AI doing eve...

February 13 2026 AI updates New study shows workers using AI work harder but burn out more Moving from task based jobs to purpose based jobs Matt Shumer article went viral - Something Big is Happening Early adopter employees will excel and replace existing tools/stacks bottom up Jason tweet to learn OpenClaw went viral Is On Prem the new Cloud? Seems this might be the best way for companies to protect themselves What about employees uploading information to the public LLMs? Even if they get caught isn’t it too late? We thought the models would improve recursively - but it seems the output is recursive Jason’s replicant infrastructure is quite sophisticated - using Opus 4.6 to orchestrate to all the Kimi agents hosted on Mac minis locally Creating central Ultron to do lot of the company’s work AWS Bedrock could be too expensive When do tokens outpace salary? Prediction Markets A billion bets on Kalshi, 700M on Polymarket, etc - hit a big high during SuperBowl ...

February 10 2026 (from NotebookLM) Early Life and Immigration CZ’s father was a professor in China who went to Canada as a visiting scholar in 1984; the family began applying for passports around 1985, a process that took several years. The family emigrated to Vancouver, Canada, in 1989, shortly after the Tiananmen Square protests; obtaining visas actually became easier post-protest. Upon arriving in Vancouver, the family lived on the UBC campus in faculty housing; CZ’s father received a small stipend, and his mother, formerly a math and history teacher, worked in a sewing factory. CZ began working at McDonald’s at age 14 to earn income, where he was paid $4.50 an hour. He describes himself as a decent coder but not a "wizard"; he had a happy adolescence with a mix of Asian and Caucasian friends. Education and Early Career CZ attended McGill University to study biology (on advice to become a doctor) but switched to Computer Science after one semester. He worked ev...

February 6 2026 Brad Gerstner joins the show Sacks enjoying Texas Easier to fix his internet in Texas than the state of California Ohalo named after seminal archaeological site Potatoes are 3rd biggest source of calories Craft Ventures is on the cap table If Jason gives personal check Friedberg will let him into the cap table But then his LPs will ask him why its not in the fund Epstein files Jason Is in the files Met Epstein at billionaires dinner Went to his house Never went to the island Exchanged some emails with him and made introductions Met Ghislaine Maxwell Jason was known as the Connector (see New Yorker profile) so he came on his radar Didn’t spend much time with him Interesting that Epstein was interested in meeting the BitCoin guys (as far back as in 2011) NY Times article on the files goes after tech Jason, Peter Thiel, Elon got more coverage in the article Reid Hoffman didn’t get as much coverage Bigger story is how he died - how come tha...