Hey, everybody, welcome to another episode of the all in
podcast. And it is our year end episode. It is our 2021 bestie
awards. This is where we give our awards for the best and
worst of what happened in 2021. We did it last year, kind of
halfheartedly, but this year, hopefully we put a little bit
more work into it with me again, of course, David Friedberg, the
sultan of science, the rain man, David Sachs and sweater Jesus
Chamath Palihapitiya. How’s everybody doing? Ready to go?
Did anybody do their homework? Oh my god, we are nine away from
episode 69. And where we will have a special guest special
guest who I’ve given the choice of coming on episode 69 or 420
Oh, no, no, no, he has to do 69. He can’t do fortune. He can do
both. He can do whatever he wants. Basically, he did no
wrong. Is he committed? What about jack? Can we get jack on?
Don’t talk about that. If you stop grinding jack. Yeah. Yeah,
maybe if you stop dunking on jack for no reason, you
insufferable sacks. Seriously, you’d suffer enough that like
I’ve alienated potential guests. Chamath alienated best now
you’re getting in on alienating. I guess it would be too much to
have jack and Chris Dixon on together. Who? Who? Oh my god,
that is so cool. Delete that. Oh, don’t look at free. I don’t
care about my relationship with AC 16. See, we all know who’s
the other person? Dick Chris Dixon. Chris Dixon. Yeah, who’s
a general partner to Andreessen Horowitz who runs their crypto
fund? Oh, nice. It wasn’t just me. I mean, very vocal lately
about web three. Why don’t you guys invite the CFO of Greylock
as well while you’re at it?
We couldn’t get the partner in charge of human capital at
You’re getting a little bit far afield. Chris posted something
pretty innocuous on web three and jack jumped down his throat
and same thing as well. I saw the C. Dixon quote. It wasn’t
just me. Now you’re pretending you retweeted a photo of jack
jumping down Chris Dixon’s throat and saying, Whoa, what’s
going on here? Now you’re trying to pretend like he was triggered
by me. He wasn’t triggered by jack after dark jack is gone
wild. Chris Dixon did did try a little misappropriation for
which jack jumped down his throat basically. Horowitz is
saying they always culture appropriate, right? Like Jack is
just like any other guy who quits his job and then goes on
a shitposting rampage. And really like you did. Like
Shabbat did after shutting down. I’m just one of his casualties.
There’s a bunch of people he’s got. He was great. I think he
quit. I think it’s great to of Twitter so he could tweet. Yeah,
he wanted to get in there. He wants to focus on blockchain.
Clearly, he has religion on this and he believes that it’s the
future of the internet. And he cares deeply about the
democratization of access to finance. And I think it would be
awesome to hear his views on this. I would love for him to
come on and not be badgered about censorship in the role
that he used to run. How would you like him talking to you
about, you know, being the CEO of Zenefits?
Sacks like, Okay, honestly, I’m not trying to badger him. I only
have one question, which is the reason why he loves Bitcoin is
for censorship resistance. So why when he had the opportunity
as CEO of Twitter, didn’t he stand tall for resisting
censorship? David, maybe he did. Okay, so just tell us that
read between the lines, dude. I don’t think he has to answer to
the Twitter mob and try to say, here’s all the hard decisions I
made that you guys didn’t see. You know, there’s a dynamics of
a board and lawsuits and hundreds of decisions that the
president inciting a riot at the Capitol, you’re not supposed to
create a list and publish it and say, Look at me. I’m such a good
boy. I mean, it’s not reasonable. I just think it’s a
reasonable question for me to ask. Yeah. But the way you asked
it was like, isn’t jack at an ashram like praying? Like you
were full dunk mode. I know that’s one of your comedy
writers writing those tweets for you. Did you get was that a
punched up tweet or not? It was a punched up.
No, it was not punched up.
funnier than you actually are. Why did you have to throw my
people? Yeah, why do you have to go to the ashram? Yeah. Why are
Jack has spent years trying to cultivate this like Zen
My people nothing to do nothing to do with an ashram.
We’re getting lost in the weeds here.
Do you have a music intro?
Please welcome everybody to the 2021 Bestie Awards. Now just put
in like everybody like Denzel Washington and you know, like,
can we edit screenshots from like the last Oscars? You know,
everyone’s in our audience.
Oscars from the 80s. Like Tom Cruise getting up and cheering
and whooping. Okay, here we go.
Don’t let your winners ride.
Rain Man, David Sacks.
And it said we open source it to the fans and they’ve just gone
crazy with it.
Love you guys.
So there’s a lot at stake here, folks. And we’re going to start
it off with biggest winner in politics, a very difficult
decision here. Sacks, biggest winner in politics. Who do you
I got Eric Adams, the new mayor of New York City. He was a huge
underdog candidate. He won by not being woke. He rejected the
you know, woke sensibilities of the other Democratic candidates.
He is a former cop who still packs a gun. And he made his
issues, supporting the police, public safety, charter schools,
you know, as an instrument of minority advancement, and he
even pushed to make New York City a tech and crypto hub, he
is going to reverse the damage done under de Blasio. He won
four or five boroughs, the Democratic primary, and
overwhelmingly carried black Latino precincts. If the
Democratic Party has a future after the rejection of woke, it
is Eric Adams.
Okay, free bird, who you got?
Okay, mine’s a little esoteric. But my biggest winner for
politics this year is the blockchain. And I’ll tell you
why I think that the embracing the blockchain as a technology
that enables an evolution away from what folks consider to be,
you know, centralized control systems, and ultimately,
underscores the interest of the populist notion that’s sweeping
over the United States is very strong. And I think it’s waking
up politicians, and it’s going to wake up the political class
to the fact that this system of organizing social, economic and
political action may ultimately evolve us away from the systems
that we run today. And it is a very serious threat to the
current system of politics and economics and social order. And
I think it’s starting to kind of rear its head and politicians
are starting to wake up to it. And they’re all thinking very
deeply about what it means. And so I would say the blockchain
has really kind of created a new model for organization amongst
humans, that is waking us up in the political class more than
Okay, come off. Who do you got?
I think this is pretty obvious. But I think it’s Glenn Youngkin,
the governor of Virginia, here’s a guy that was a private equity
executive, who basically had to fade Trump, but still pretend to
feign that he needed his support and ran a pretty centrist, you
know, pro education, anti crime, pro business, pro just
individual, you know, empowerment campaign in
Virginia, which hasn’t swung this way for a long time, and
basically beat Terry McAuliffe. And I think that this is the
roadmap, which effectively says, whether you’re a democrat or a
republican, grab into the centrist temples, and run with
it. And you’re going to get a ton of people in the silent
majority, who are sick of all of this fringe behavior, both on
the left and the right. And so I think Glenn Youngkin was a real
canary in the coal mine for the political future of America.
All right, great selection so far, and a lot of diversity in
the picking. And so I went with Joe mentioned, obviously, the
shadow president who was able to dictate what gets passed and
build back better getting canceled, or cut from six plus
billion down to maybe 1.5 billion, if it ever gets
trillion rather, sorry, thank you, was my
hey, Sam, do you think a rising star or a foiling star after his
decision to denounce the build back better bill this year this
Well, you guys have to remember that the state he’s from West
Virginia went for Trump, I like 20 points, it is a deep red
state and mentioned himself as a major anomaly as a blue
politician hanging on in that state. Yeah. So the democrats
instead of alienating him should be thanking their lucky stars
that they even have him for any votes because any other
democratic politician in West Virginia would have gone down to
defeat a long time ago. So they are lucky that mansion can vote
with them at all on anything
to a layman like myself, or I imagine most people who aren’t
aware of that kind of political circumstance, he looks like a
john mccain maverick kind of guy, like he’s coming in and
saying, I’m blowing this thing up. And he gets all this
attention. I think that’s a fire for him, maybe.
I think that’s a great analogy, which I think he is the
democrats McCain, you know, he is the guy coming in there
casting that very unpopular vote, the single vote, like
McCain did on the repeal of Obamacare, the single vote that
took that down. But the reality is the republicans on Obamacare
didn’t have a plausible alternative. That’s why McCain
voted against that. And I think here, in the same way, I think
mansion may be doing the democrats a favor, because we
can’t afford all the spent new spending.
Super interesting. Yeah,
here we go. Biggest loser in politics. Who do you got? Let’s
go in reverse order. Now, Chamath, who do you got?
You go first, JL.
My biggest loser is Elizabeth Warren. She wanted everybody to
pay a lot of taxes who were in the billionaires to pay taxes,
she wanted to cancel them. And now the largest tax bill ever
paid by any American has been completed. According to a tweet
from Elon that he paid $11 billion. Every program she
wanted to work for, and fight for has been done just not by
her. It’s been done by the private sector. She was
attacking Bezos for pay in factories and getting to a $15
minimum wage. Now Amazon is regularly paying in the 20s and
giving free college something her and Bernie Sanders were not
able to accomplish in their entire careers. And now she
continues to dunk on capitalists, entrepreneurs, as
the country basically says, we’re not interested in
socialism, we’re not interested in this brand of politics. They
lost the election. Biden won. And now this far left politics
is I think becoming, you know, as as unimportant as the far
right, you know, alt right. She’s, she’s basically not
I’ll build on your theme. And I actually just said the
progressive left and the alt right. So I think that the
church extremes in America have basically, you know, we’ve
exposed them for the emperor with no clothes. So, you know,
we have tried progressive policies in cities and states in
America that’s failed. We’ve tried far right politics at the
federal level, that’s basically crashed and burned as well. And
now what you see is a wave of normalcy. And so, you know, all
these chortling, you know, fringe classes, get an extreme
amount of attention, because what they say is salacious or
interesting, but underneath, there’s no real substance or
follow through or real skill, there’s no basic understanding
of anything, economic policy, foreign policy, none of it. And
so they make for great soundbites, but they cannot
govern. And so I think the biggest losers, the progressive
left and the alt right. Sach, you want to go next?
Yeah, I mean, very much in the same vein, my choices, Kamala
Harris, the vice president, she has a 28% approval rating polls
show her lagging Biden by about 10 points. No vice president has
pulled this poorly since Dan Quayle was the butt of every
late night joke about 30 years ago. And boy, am I really dating
myself with that reference? What’s the problem? Yeah,
exactly. A lot of viewers don’t even remember what we’re talking
about. But so the problem here is kind of what Chamath was
saying. She, Harris is an equity scold, the public is tired of
being lectured and hectored about its woke sins. And trying
to compensate for that and showing, you know, warmth with a
fake laughing cackle isn’t going to reassure anybody who’s just
been called a white supremacist.
Interestingly enough, last year on our award show, Jason
calacanis made the prediction that Kamala will be the first
female president of the United States. Just as a gentle
reminder that we had, I love it how you how you called him
calacanis calacanis. Well, he likes to monetize his name.
Okay, fried bird.
You know, I mean, I made because I thought Biden wasn’t going to
make it through the first term because he’s so old. And then he
might not be able to function.
That was that was right. Yeah, that may still happen. Yeah, I
think I might stand by that prediction. We’ll save it for
the prediction show.
Okay, we’ll save it for a prediction show next week. We’re
taking no weeks off is the new rule here. All right, moving on.
Oh, wait, I got my biggest loser. Oh, yeah. So sorry.
My biggest political loser is Tony Fauci. I feel like this guy
got totally viced out this year. determinism is a trap, right? In
his role, you have to be deterministic, meaning you’re
saying you got to do x to get y, in order to get people to take
action. And so, you know, in order, determinism was needed
for clarity of action to get people to take the vaccine. And
he said, Hey, this is gonna, you know, ultimately end the
pandemic. And the problem with determinism is it drives binary
outcomes, you’re either right or you’re wrong. And in this case,
he was wrong, right? He said, Go get the vaccine, the pandemic
will end. Everyone got the vaccine and the pandemic
certainly didn’t end and it evolved and it became this very
fuzzy gray map on where we sit today. And I think as a result,
he completely lost credibility with a broad swath of people who
otherwise would have been kind of still standing behind him.
Because I do think he’s, you know, he’s an honest, just
forthright scientist. But in order to drive outcomes, he had
to be very kind of stated. And it was a bit of a trap this
year. And I think he got screwed. So poor, poor Tony
Fauci. I mean, bless him, but it was a rough year.
All right, biggest political surprise. Saks, what do you got?
What’s the biggest political surprise?
Yeah, this is where I had Glenn Youngkin. And, you know, I just
add to what Schmoth already said, you know, Virginia went
for Biden by 10 points just a short time before. Youngkin, he
secured Trump’s endorsement very early and quietly and kept the
kept Trump at bay. And then he ran as a general moderate with
the business pedigree as kind of Schmoth pointed out. But there
was something else going on here as well. I don’t think it was
just centrism that would flip a blue state red. It was also that
issue of schools where McAuliffe had that gaffe. In their final
debate, he said that parents shouldn’t be telling the
schools what to teach. Basically, McAuliffe was cited
with the teachers unions. And whereas Youngkin sided with
parents, and really, I think a voice their opposition to CRT in
the schools that became the centerpiece of his closing
argument. And that’s what allowed him to win win the
My biggest political surprise is Joe Manchin. I think that he
will probably be looked back on in time as our generation’s Paul
Volcker. So let me explain what I mean by that. You know, at the
time, Volcker was incredibly unpopular for what he did by
raising interest rates to basically break the back of
inflation. And it really wasn’t until 30 or 40 years later
through the, you know, fullness of time that we appreciated that
what he did, took an enormous amount of courage, because in
the moment, it created huge headaches, and a lot of pushback
and a lot of ill will and ire towards Volcker. Similarly, I
think Manchin is just now starting this process of just
getting completely pilloried. And, you know, people will point
to a handful of elements of build back better, like
childcare, that have now expired, and those childcare
credits and what it means to working families. And that is
true, that but there are ways to solve for that, by just going
back and re spending the 7 trillion we already spend a
little bit better. And in time, the idea and the courage to not
pour three more trillion dollars on this dumpster fire, without
getting ourselves better organized will turn out to be an
enormous gift that he gave our kids a profile and courage, even
if we don’t right now see it, and a lot of people can be angry
at it. But that was the biggest political surprise is the desire
for a politician, politician, because like, you have to
remember, Fed chair is elected, right? You’re there, you’re in
your out. But that was a surprise to me that he would go
through this process and what it meant at a national level for
his reputation to get to the other side.
Yeah. Okay, freeberg. What do you got?
My biggest political surprise was that that insurrection crowd
made their way into the Capitol building. I mean, do you guys
remember how shocking those images were? Yeah. And what an
incredible day that was. I mean, it was almost a year ago
now. And we watched on screen what felt like the crumbling of
institutions that we always took for being. We always took for
granted and assumed were impenetrable, both politically,
but more importantly, physically, and to see people
physically break into that Capitol building, and cause
mayhem and damage. It really kind of exposed, I think, a
nerve. And it was a really kind of shocking moment, a shocking
day. So, you know, to this day, I still kind of think that
that’s been the biggest surprise for me of the year. I
you know, I don’t think any of us thought that that would
happen, both in terms of like, that we let our defenses down
and let people into that building like that. And that
there was enough of a groundswell to break their way
into that building. Both sides were surprising.
And also just super disturbing to watch a bunch of elected
officials cowering under tables while Secret Service had guns
drawn and doors were being kicked in.
And also, while some elected officials were kind of endorsing
the behavior to some extent, you know, at a distance, the whole
thing was just shocking. And I think a lot of us realize that
maybe our democracy and I think I mentioned this on the show
last year, is not a little more fragile than perhaps we we
think it is.
Trump was the biggest stress test ever. For me, the biggest
political surprise was Kamala Harris being sidelined. Where is
she? What is she working on? I thought that the Democratic
Party was going to want to feature her showcase her with
some great projects in order to maybe prep her for running if
need be in 24. And certainly in 2028. And it seems like they
have sidelined her deliberately. And they don’t believe in her
which is they don’t believe in the first female vice president
and of color.
I don’t think it’s that I think that they think what is not
she’s not they think that she’s not electable. And so they’re
So maybe they’re racist jk.
Or maybe they are saving her till after the midterms and then
going to feature her I don’t know what the strategy is the
Like a fighter. They’re sitting protecting her.
But if she was good enough to get to help get Biden in
office. Why isn’t she good enough to feature now? It just
doesn’t make sense to me. That she was so
sad. Well, they did give her a task like they sent her to the
border. The problem is she doesn’t have anything to say
that’s that will resonate with the American people but also be
acceptable to her progressive base.
For her perceived her perceived progressive biggest because I
actually think that she also has the ability and has in the past,
you know, had the ability to be tough.
It wasn’t an order da I mean, she’s ripped.
So she she completely has the ability to just be nails if she
wants to be. But again, she and again, maybe even Biden to some
degree, still believe that the progressive left is the future
of the party. I think that most of us here think that it’s a
head fake. And until she comes to those terms herself, she’s
not she’s going to continue to be sidelined. But if she tacks
back to the center and actually gets out there, I think she’s
really capable of doing some stuff here. She’s very
articulate. She’s very punchy. Anybody she took, you know, she
can really tell the truth. But then she can also really just
shuck and jive and say nothing when she wants to. And that’s
just what’s that corporal speak isn’t working for her.
Did anybody else notice freeberg sacks, that the initial
reaction to mansions vote or saying he wasn’t going to vote
for this on Sunday during the talk shows was like dunking on
him. Oh my god, he’s horrible. And then immediately Monday,
they were trying to reconcile with him and say, Hey, let’s
have a reasonable discussion about this. We value your
opinion as a partner.
Well, it was this weird emotional reaction. Like I got
this email I forwarded to you guys from about Yeah, and it’s
like crazy in that email, like in that in her press release or
whatever that email that she sent to us, a bunch of us got
it. I mean, Jen’s going crazy. Yeah, hysterical.
It was CYA by the administration, like they
wasted everyone’s time for six months pushing this bill forward
without checking to see if the swing votes would go for it. So
then the swing votes don’t go for it, the bill fails. And
they’re blaming those seconds.
I think it’s that they just ignored what the swing votes are
saying. He’s been saying from the beginning, it’s too big.
Totally number was 1.5. And they just said, you know what, we’ll
wait to the end and then try to high pressure him or something
or flip him at the end. It doesn’t make sense to
it doesn’t make sense to push for that big a bill when it’s a
5050 Senate, they should have gone for something smaller and
Either either that or they should have made a better
calculation on inflation. Because again, the minute that
we had these big inflation prints, and the Fed basically
changed their tapering posture, that was the bullet in the gun.
And you basically handed mansion a loaded weapon and said, Here
you go, do what you will
with this terrible betting strategy by the Republican
party. Well, he warned them. He warned them that he was very
worried about inflation. And they were saying it was
transitory. And then he turned out to be right. Right. All
Biggest winner in business free broke. Who you got? Biggest
- My biggest winner in business goes back to the Game
Stop days. And I think it was the retail investor class. You
know, they were always there to trade on the wings and in the
wake of the institutions and the markets prior to I think what
took place this year. And after what happened this year, where
they were able to coalesce and organize to make trades that
move the market against institutions in a really
meaningful way and broke several institutions in the process. It
highlighted that retail has power, retail can organize and
retail in aggregate can act to be a stronger force in the
markets than institutions. And so the retail investor is my
biggest winner for 2021.
Who’s your biggest winner? Chamath in business?
I mean, this is pretty obvious. It’s Elon Musk. You know, as a
former owner of Tesla as a current shareholder of SpaceX,
as somebody who sold him a company this year, David and I
did, to see him work is magical. Absolutely magical. And I think
that this guy, you know, you know, there’s there are these
impresarios who just have these virtuosos who have these moments
where they’re just in the zone. Yeah. And he’s in the zone. He’s
in his zone of mastery. And to see a guy like that execute, I
think is a privilege. So he’s my if not Elon, who would you have?
Because it’s pretty obvious. It’s Elon. So did you have a
second place consideration, I would actually probably double
down with what Friedberg said, I do think that there was, it’s
more sort of what I would say is the outsider class versus
insiders. I think that whether it’s blockchain, or web three,
or NFTs, or GameStop, this was the year, you know, the
Constitution Dow, this was the year that loose affiliations of
individuals could compete on a level playing field with
organized capital. And I think that that’s a really important
trend for the future.
Saks, who do you have biggest winner in business? If it is
Elon, who’s your runner up?
Yeah, so I mean, can’t fault that Elon choice is pretty
obvious. But I would say in our world, the biggest winner was
Tiger Global. They basically productize growth stage capital
by far the biggest deployer of late stage funding, they
productized it. So pretty much founders can just send their
metrics on like a single sheet of paper, and they get a term
sheet within two days, they did by far the most deals. It’s
really the SoftBank strategy done right.
That’s a great pick 15 billion. I think it’s the amount they
deployed this year. I don’t know if you guys heard that number.
But yeah, yeah. In a single year to invest 15 billion assume a
five year fund, you know, you’re at a $75 billion run rate. It’s
pretty incredible. I mean, it really is the size of vision
fund. And I heard I don’t know if you guys heard, but they are
heavily dependent, not dependent, but they’ve built
infrastructure with third parties who source all this
data for them to really kind of measure everything prior to
making investments. They built a machine. It’s amazing.
My biggest winner in business is the ang not the fang drop the F
and go with the A and G. Amazon has a new CEO and they have a
Mr. Beat. Apple is about to hit 3 trillion. And Susan Wojcicki
and YouTube if you don’t know is now at 2 billion users 30
billion in revenue. And this of course is after Elon, because
that’s the obvious choice. So after Elon, Alphabet stock up
66% Apple stock up 31% you guys know what’s going on with those
big companies. So I’m going to go with the ang biggest loser in
business. The biggest loser in business. Who do you have
Friedberg? Who’s your biggest loser?
Well, I went I went to the opposite of my biggest winner. I
went for those institutions that that, you know, got their lunch
eaten by the retail, Gabe Plotkin. And, you know, he lost
so much money, shorting GameStop against these guys, buying
GameStop to the moon, he had to borrow $2.75 billion from
Citadel and .72 just to get through his month. I mean, talk
about embarrassing. Talk about reversal of fortune. You know,
he’s obviously been a renowned investor prior to this. And you
know, there’s a few others that that were, you know, casualties
of war, White Square, a firm in London shut down half a billion
AUM. So all these folks who tried to bet against retail
during the GameStop saga, and since thinking that the world
was the way it used to be, I’ve had to kind of change.
It’s amazing that that and the insurrection bolt happened in
this year, like time is moving so fast.
Oh my god, this year is insane. Yeah, it’s been a crazy year.
All of this happened in this past year. It’s crazy to think
about we were here and I was up in Tahoe skiing and all this
stuff was breaking. It was crazy that time that was actually our
record episode. When all in had that breakout episode, who do
you have for your biggest loser, David Sachs?
I have Chinese billionaires were the biggest loser this year.
If you guys remember, yeah, exactly. A year ago, we were
all asking, where’s Jack Ma? Well, he eventually turned up
looking very thin and kind of broken. But his experience was
just an early sort of manifestation and sort of a
canary in the coal mine of a larger CCP crackdown on all
Chinese billionaires. And the CCP really seems to be
increasing its control and putting these people under its
thumb. And there are a bunch of tech companies there like
Alibaba, DD, Tencent, Baidu, JD.com. They’ve all been
targeted for fines and tighter controls. And China’s pretty
much shut down the foreign IPO market for their tech companies.
They’ve been moving into Hong Kong, right? I mean, yeah,
exactly. They’re the CCP has basically brought all the
billionaires under their thumb. Wow.
Chamath, who do you have? And this is amazing, just so the
audience knows. We do not reveal our choices until it’s really
so great. Yeah, I love hearing some of these things. It makes
me think for sure. Yeah, my my biggest losers big tech. If you
look at this year, and you annotate it not for their stock
price, but for what I think is sort of the the precursor to
longer term success. There was a lot of signs that there’s
pressure building. So whether that’s measured in lawsuits,
fines, bad PR, if you put all of that stuff together, I think
the thing that that drives is decaying morale. And when you
have decaying morale, you have human capital flight. So people
leave. There were some articles just recently even about, you
know, an exodus that, you know, novi novi, I don’t know how to
pronounce it, the cryptocurrency business of meta. It’s just a
really, really difficult thing to deal with when folks start
walking out the door, because they’re just bummed out from
working there. And if you just, and if you just, you know,
Google search the number of issues that all of these
companies collectively are dealing with, I think that this
is sort of peak, big tech market cap is probably within the next
year or two.
Interesting. This is just so great that we all had different
choices. I picked the Aang as the winner. I’m picking the F
in Fang as the loser meta was a complete flop. It was a stupid
idea to change the name of the company. The product they showed
in that big tip off was like every science fiction movie
we’ve seen for the last 30 years, the leaks, the Apple
headwinds against their ads, the political headwinds. And my last
point is exactly Chamath’s last point, which is no one wants to
work there. It’s becoming more and more difficult if you’re in
Silicon Valley, or you’re a tech executive, to see a reason
to go work at that company. I think that their VR efforts, AR
efforts will be beaten handily by Apple and by the metaverse
and, you know, open source slash decentralized solutions. I think
the F in Fang should be replaced with the T of Tesla and be Tang
Facebook. Meta traded up 25% this year. Jekyll.
Listen, I do think it’s a juggernaut. And when things go
wrong, it does take a while. So these are forward looking. If
people are leaving now, maybe you’d see the impact of that in
three, four or five years, but I would not buy the stock. I’d buy
the other three letters, I would buy the Tang, but not the F and
Fang. But I think it’s a good counterpoint. Yeah, these things
take a while to unwrap.
Well, I think, you know, I think the better trade is pick the one
that you love in Fang, and short the one that you hate and Fang.
And if you get that right, you can make a lot of money pretty
Spread there, right? The spread trade like we talked about. All
right. Biggest business surprise. What do you got sex?
What’s your biggest business surprises?
I thought that the biggest business surprise was tech
leaders and startups moving to Miami, its emergence from really
nothing in the tech scene to being a major tech hub. It was
just a year ago, one year ago, last December, that Delian sort
of mused on Twitter about, hey, can we just relocate Silicon
Valley to Miami? The Miami Mayor Francis Suarez jumped in, he
responded, How can I help? And then since then, it’s just been
snowballing. And as San Francisco has basically been
sliding into what it’s become, Miami just keeps blowing up. And
it helps. I think what’s been happening on the state level
there that DeSantis has kept the state open for business, he’s
kept schools open. And of course, the tax rate is zero. The
income tax and the capital gains tax that is are zero. So it’s
really pretty amazing how fast it has become a major tech hub.
My answer, which was really surprising to me starting in
January, and I think I started texting you guys in January
saying, I really think we should talk about this on the pod, if
you’ll remember, and it’s obviously just become a
crescendo since then as NFTs. And it really has been
incredible to watch how, you know, the individual folks in
crypto have embraced NFTs as a way, you know, to tokenize the
value that creators can bring to the world. And I think, yeah,
there’s a lot of fluff and a lot of noise and a lot of bubbles
going on within this NFT space right now, most of it will die.
And it will look terrible when people lose lots of money and
feel bad about the decisions they made during this phase. But
what I think is really wonderful about it is the opportunity it
creates for creators to monetize their talent in a way that
doesn’t require them going through middlemen to get
distribution and middlemen who take, you know, huge slugs or
huge chunks of the margin out of what they create. And this
can ultimately translate into music, into art, into writing,
into all sorts of things. So I’m pretty excited, not
necessarily about where NFTs sit today, I think it’s disaster
where it sits today. But I think over the long run, I just love
it a disaster. I just think there’s too much of this bubbly
stuff that’s going on where people are buying into
speculative transactions that are going to lose them money and
then people are gonna be really hurt and really upset. But the
general core tech, I love the fact I love the fact that
creators people that are great at art and people that are
creative, can develop stuff and make money because people will
appreciate it and pay for it. And I just think that’s awesome.
Fantastic. Alright, so for me, it was that dows were able to
raise $40 million in a couple of days for this constitution, and
get and basically captures every capture the entire world’s
imagination for, you know, a 72 hour news cycle, much in the way
the day traders did with AMC, and GameStop to freebirds point
earlier in the big winners. And I’m, I have a dual one here,
I’m absolutely surprised about this, you know, the the Dow that
was able to raise 40 million for the Constitution. But I was also
disappointed that the SEC in your 10 plus of crypto has not
defined the rules of the road yet. So that one group of
people, professional capital allocators play by one set of
rules. And then another group of people dows tokens are playing
by no set of rules, or their interpretation of unclear rules,
I guess, would be the most charitable way. So that’s my
biggest surprise, we have to have a regulatory framework for
crypto for dows for NFTs for tokens. And it’s just crazy that
it hasn’t happened yet. What do you got?
My big business winner, breakout company, I have two, but they’re
the same really is Moderna slash biotech. You know, these were
guys that were kind of swimming at the edges of science and R&D
and somewhat was just incapable of putting one foot in front of
the other until this pandemic and through a bunch of, you
know, emergency use authorizations, these guys have
really shown up to help the world. And in 2020, I think they
cemented themselves as now on a path to not just, you know, be a
vaccine maker for COVID, but a whole bunch of other things,
including cancer treatments and everything else. So I think
these two companies, these two companies really took a big step
forward in 2020. Absolutely. And just as a side note, OpenSea had
8 million a monthly value volume at the beginning of the year in
January and 3.46 billion in August. Give me a little idea of
the scale of that. Okay, best science breakthrough. What do
you got? Freeberg? Everybody wants to know the sultan of
sciences, best science breakthrough.
I’m a little bit blinders on this one, because I think I
mentioned this on the show a few weeks ago, and I’m spending
quite a bit of time at work on it, which is that starch
synthesis system that was demonstrated by those Chinese
scientists. And the system itself is likely not going to be
the production system that saves the world. But the concept that
we can take proteins that are expressed by different plants
and put them together in a tank, and then that tank can convert
molecules from one form to another by leveraging these
proteins that just interact and move move around in the tank is
really an incredible demonstration. And the
demonstration is inspiring, we can take carbon out of the
atmosphere and make food with a minimal amount of renewable
electricity. And I think that’s really a moment that will
inspire a whole new realm of industrial synthetic biology
work. A lot of which I hope to kind of, you know, build and
participate in pretty heavily in the work that we do day to day,
but it was really exciting for me.
So the starch synthesis synthesis system is your best
science breakthrough. What do you got sex?
I’ve got these new oral COVID antiviral pills that are coming
out from Pfizer Merck, the FDA is supposed to be approving them
by the end of this week. As you’ll recall, last year around
this time, it was these new mRNA vaccines from Pfizer, Moderna,
but we now have to admit that the vaccines have not ended the
pandemic because the virus can mutate its spike proteins around
the the vaccine. So the vaccines by itself cannot end the
pandemic. These new pills have, I think, a very good shot of
doing it next year, because they’re protease inhibitors,
they stop the virus from replicating. And just in even if
the spike proteins mutate, it will not prevent these protease
inhibitors from working. So I am hopeful that this will be the
thing hopefully that ends the pandemic next year are these new
Right one, I would like to make a counter to sexes. Point, I
would be very cautious about the side effects that are going to
arise from these protease inhibitors. And, you know,
they’re, they’re, they’re not as well studied as they normally
would be. But there are, they have a serious biological effect
in normal cells in the human body. And I think as more people
use them, you’ll see more crazy stories about side effects that
are really significant effects would be there’s a lot that are
well documented, but the way they work biologically is they
disrupt, you know, certain systems. And those are not just
systems related to the virus, their systems in our own cells.
And so I’m personally quite nervous about them. I know that
folks are pretty encouraged by them and excited, but I’m
nervous about them.
There’s a similar medication that’s been developed for HIV,
right? That’s called prep, right? Does that cause similar side
effects? Or because people use that prophylactically?
Yeah, to some extent, you know, and the dosage matters. And so
normally, you would go through many more years, I think of
testing on these things to kind of truly quantify, you know,
when you have half a percent or 1% of a population, you know,
let’s say, take the most extreme case die, then a million people
use it, you’re gonna have a lot of people dying. And I’m not
sure we’ve really gotten the boundaries of this yet. And the
dosage is pretty significant on them. So yeah, like, let’s, you
know, let’s keep a watchful eye on this stuff. But I’m hopeful,
but I’m also nervous.
Hopefully, the number of people who need to take it free bird
correct me if I’m wrong, if we’ve got this many people
vaxxed, who will not need to take it. And then Omicron,
my biggest optimism is just that Omicron is a much less virulent
virus, and it sweeps through the population. And we slowly see
this pandemic kind of, you know, becoming less severe,
which is what was predicted. Do you think herd immunity even
in the way that the virus evolves? No. So there, and by
the way, it’s not binary. It’s not like, hey, you get herd
immunity, and no one’s going to catch this thing. There’s
clearly a spectrum of immunity, meaning like I can maybe get the
virus and be somewhat contagious for half a day or a day, and I
don’t even know it. And then I’m spreading it for that half day,
but I don’t even know I had it. That’s kind of, you know, not
all the way over to herd immunity and the traditional
kind of definition of the way that we talk about it. But it
reduces the spread and the severity and aggregate. On the
other end is like everyone gets it, it spreads like crazy, no,
no vaccine stops, it changes anything, no amount of
antibodies changes anything, and everyone just dies. And so
somewhere in the middle, I think is where we find our kind of,
you know, our ground, but I don’t think that the traditional
definition or the way that people talk about herd immunity,
which is, hey, everyone get the shot and this thing’s over, is
going to play out that way at all, this is going to be a slow,
slow wind down.
Okay, and to give Chamath some credit, you said it would be a
nothing burger. And so far, it looks like deaths and
hospitalization, specifically ICUs, admittance has not turned
out to be a major issue yet, knock on wood,
unless something escapes from the lab again, I think that
we’re, we’re gonna be okay. I think this is the end of the
that would be so great if this was the end of the endgame.
My best science breakthrough is that this year, we actually
were able to inject in vivo. So in the body genetic code for
CRISPR, two cases specifically, one was to basically reduce the
production of this toxic liver protein in a bunch of folks. And
then the second one, moderately improve the vision of some
people who had some form of inherited blindness. And that’s
pretty incredible stuff that you can, you know, make something,
put it into your body. And then you know, your body does the
work of editing out the bad genes. And that’s a, I think
that’s a pretty incredible breakthrough.
I had the starch on my list, too. But I went with Starship.
For people who don’t know, on March 3, Starship, serial
number 10, SN 10, completed SpaceX third high altitude
flight test of a prototype type, and they were able to ascend and
then reorient themselves and land. If you don’t know,
Starship is ginormous when compared to the Falcon and the
other rockets that SpaceX has produced, I got to see it
actually, I went to Boca. And when you look inside that nose
cone, you can fit 300 people in it, it is a payload that is
absolutely unprecedented in terms of sending people or
things to space. And the fact that this has succeeded means
all the folks at SpaceX need to do is to scale it. And they’re
pretty good at scaling things, they just had their hundredth
landing of their smaller rocket. And so when this big boy, this
BFR, big frickin rocket gets going, it’s going to change the
nature of our species as multi planetary planetary and being
able to reach and put things in space that we’ve never been able
to do. So kind of an engineering feat, but I put it under
science, and also to not pick the same one as freebird.
Do you think Starship is going to be able to orbit Uranus?
Enough to leave it out there. No, no, no. All of this needs to
stay. All right, biggest flash in the pan, biggest flash in the
pan sacks. You pick people I you told me earlier.
No, I love people, please. Yeah, no, that was yours. I had, I
think the the use of the word transitory was my biggest flash
in the pan. It seemed like for a brief moment that every
administration official, every democratic political consultant,
every talking head on TV kept using the word transitory, it
was very much the vocabulary word of the day. But now, it
turned out that the inflation was not transitory. And so the
use of the word transitory, I predict will in fact be
My summary. Like that. What do you got? Chama? I picked all
things metaverse and web.
And web three. Yeah, I did three writ large. If you guys were
around in the emergence of web 2.0. There was, there was a
period when where this gaggle of investors were just clamoring
about web 2.0. None of us understood what it is. And we
were building it, it turned out. Yeah. And so I think that these
trends actually have names, and those names are of companies,
and those companies create experiences that people want.
And so I just think that this whole concept of metaverse and
web three goes away. And we replace it with real solutions
for people that give them value, and then we’ll be obsessed with
these companies. And this, this too, will be transitory.
I went with the Constitution Dow. While while I believe
Jason, that the concept was inspiring, and will echo for
quite some time with other, you know, kind of improved versions
and different applications. This particular Dow caused a lot of
people to lose a lot of money in gas fees, transferring tokens
over to cover the expense of the ultimate purchase that was not
actually done, it felt a little disorganized, there was
questions around equity and securities and the legality and
misaligned expectations. And while I get that there was a
good intent, and that folks that were involved in it were felt
like it worked, and it did what it was meant to do, which was to
be inspiring. That particular Dow came and went in three days.
And I’m not not not to discredit the concept. And I think that
more will come in the future. But it really was such a loud
moment. And then it went silent. Two days later.
Yep. Okay. And I picked the woke socialist leadership of cities,
specifically the once great city of the once great city of San
Francisco, where they thought they had figured it all out and
that they would be able to run roughshod over the citizens of
their own city. And lo and behold, when an investigative
journalist was hired by myself, and Gary Tan did the democratic
recall and sack supported the republican recall. Lo and
behold, London breed has decided that she does not want to get
recalled. And she is fed up with the bullshit in San Francisco,
and Chesa Boudin and all of these whack jobs are all going
to get voted out and recalled. And we’ve seen it and it came up
earlier in the program. So I’m to beat a dead horse. But these
failed policies of letting people run amok and not having
some base level of protection and not listening to your
citizens belong in a textbook. And in a preschool, you could
talk about them in graduate school. Yes. This is great for a
college dorm to talk about what would life be like as a
communist as a socialist in the real world. People want to be
safe when they take their kids to fucking school, period, end
of story. And if people don’t feel safe, you’re not going to
get reelected game over. I also think that people have a
reasonable right to have their kids educated, not managed to
some watered down lowest common denominator. So as to not so as
to try to make everybody around them feel better. Yeah, 100%.
All right. I have a feeling that we’re going to this is going to
sweep here best CEO. Should we just say 321 and say the name?
I’ll go first. I’m going to pick Satya Nadella. Oh, well done.
And the reason I say that is that, you know, he if you look
at this track record, and I thought this business could not
get any bigger, but it just is a compounding absolute juggernaut
in a machine. He has completely turned that company around. And
from, you know, big chunky acquisitions, he’s unafraid to
pull the trigger and rip the money in LinkedIn, GitHub, this
year, he did nuance. The product portfolio, he you know, we had
to compete with him at Slack when he was, you know, he
decided to turn the the sites on on with teams on to us, we had
no choice but to basically sell to Salesforce. This guy is a
master executor, has kept the entire company out of the press,
has had the least amount of pushback around their growth and
expansion, the least amount of lawsuits, the least amount of
bad PR. So just in terms of a, you know, first class CEO, he’s
great. He’s running a masterclass, crushed it,
crushed, crushed, crushed scale. Totally. What can Brown do for
you? That was a UPS logo. And it’s now it’s now what the
shareholders of Google, Microsoft, Twitter, Twitter,
Palo Alto networks, Adobe have said,
Okay, I can probably do for you. Okay. So much for the curry
ceiling. Okay, free. We have smashed through the curry
ceiling. Absolutely. There’s curry. I’ve penetrated the
samosa ceiling. There we go. Free broke. We got making me
hungry. I know. I’m having crab curry tonight. Can you believe
it? I went fishing. I told you guys this. I went bleep out the
name. I went fishing, fishing. And we caught some crabs. And so
in the Bay of San Francisco Bay, yeah. Oh, did you go up to like
Chrissy field? And no, we go, we go to the pier. And then they
take us out past Golden Gate Bridge to point Reyes. We caught
rockfish, which we ate yesterday. Delicious. This is on
a boat. You did it on a boat. Yeah. Oh, great, great captain.
Awesome. Yeah, it’s cool. I would take London. My 12 year
old crabbing when I lived in San Francisco off of Chrissy field
and we bring crabs home and all that. You can get these
incredible. You can get a one day sport license from the state
of California. It’s good for 10 fish and 10 crab. It’s amazing.
All right. So who do you got? freeberg? best CEO? Well, I
like I like the jack and Elon going direct experience this
year. And what I mean by that is it’s less about like how well
did the business performed? I mean, so many tech company CEOs
have performed so well this year, it’s hard to pick someone
for driving business outcomes. But what I liked about jack and
Elon jack in particular in the last day is, you know, having a
voice and going direct and being inspiring. I think that
leadership is all about defining where you’re headed, and then
creating religion in the troops to follow you to go there. And I
think the way that both of these folks speak directly to people
and the way that they speak authentically, and that they
tell a big story about where they believe the world should
go, and why you should follow them to get there, you know,
creates a model that a lot of other CEOs, I think, should and
will start to follow. And I think we’ll see a lot more of
this kind of like Twitter going direct type of activity
happening in the in the years ahead.
Saks, what do you got? Best CEO?
I have Brian Armstrong, because it was about this time ago that
he drew a line in the sand and said that he was not going to
allow politics in the workplace, it was going to be a
demilitarized zone for politics. It was pulling people off
mission. And a year later, he gave us an update, it’s been the
best thing they ever did. They gave a generous severance
package to anyone who didn’t go along with it was only 5% took
it, they then went on to have a very successful IPO. It’s now a
$65 billion public company. And a year later, they are more
mission focused, they’ve attracted more employees, their
diversity numbers have not gone down. And the reason I picked
I’m picking him is not just because of the business success.
But I think there’s a lot of CEOs. In fact, I’d say most
CEOs, including some of the bigger names, that we’re all
kind of talking about, are secretly would love to do what
Brian did, they would love to basically ban politics in the
workplace. But for whatever reason, they just don’t have the
cojones to do it. I applaud Brian for taking the hit of the
New York Times hit piece that then came after him. And to
stick to his guns, he did this policy. And I think Coinbase had
a great year. Amazing choice. Wow. three great choices. Satya
jack Armstrong, I think Ilana clearly is but I’m going to pick
somebody else. So it’s not all Ilana all the time. I’m going to
go with Frank Slootman from snowflake. This company has
grown incredibly at a incredible velocity, but I just read his
book. I got a pre order of his book pre pre release of his book
called amp it up. And I had him on this week in startups, which
will come out in the new year when the book comes out. And
he’s a killer. He absolutely like a killer. He seems like an
absolute killer. And the book basically is I do not care
about how you think business works. Here’s the zero sum game
of competitive business. And here’s 205 pages. It’s a must
read. And he just wants to win. And so my hats off to him $100
billion company. And they’ve absolutely crushed it. So best
investor, Chamath, are you gonna pick yourself for the third year
in a row? Or do you have somebody else in mind?
This one, this one, I think is a is an absolutely easy one. But
it’s my dear friend, Dan Loeb. Oh, founder of CIO. When did
that happen? founder and CIO of third point. And as I’ve seen, I
talked to him yesterday, actually, I called him just to
wish him a happy birthday, by the way, it’s his birthday.
Ah, happy birthday.
But he has shown the widest range this year. And really put
everything together. Yet again, kind of one of these virtuoso
performances, early stage success. So he was a, you know,
early stage investor, I think they did the series A and
Centel. And one that had a big IPO this year, growth investing,
he, you know, was a was a great investor, early investor in
Rivian, that one public this year. He had great public
performance and upstart and a bunch of other ones. activism,
he went after shell. crypto, I think he’s an investor in FTX
and a bunch of other things. I mean, just tundid. And to be
able to put together a team that can execute across all of those
business lines, and risk manage, and then where he still sizes,
like I’m telling you, like, it is so hard to size this stuff
properly and get it right. He did an incredible job. And he’s
just a beautiful, lovely human being. So Dan, all right, we’re
moving with Ohio, we’re moving at a nice pace. I picked the
Sequoia fund, the new evergreen Sequoia and the Sequoia fund,
the new evergreen fund. Obviously, over the past two
years, they’ve had door dash Airbnb, Snowflake unity, all
these incredible companies worth over $300 billion combined. And
now those LPS get to keep their money in this one vehicle. And I
think it’s going to make Sequoia even more powerful, great
innovation, shout out to my friend Ruloff. And I gave a
runner up to Brad Gerstner, friend of the pod, who obviously
did Snowflake last year, but had the grab IPO this year, which I
think was the largest back in history. And, you know, I don’t
think it traded particularly well yet. But congratulations to
Brad as my runner up. Who do you got sex?
Well, my first thought was Nancy Pelosi. But
Yeah, I don’t think it counts, though, if you do it through
insider trading. So I had to roll her out. Okay, sure. So my
actual choice, my actual choice is Ken Griffin, the founder of
Citadel. He generated something like 10% returns on a $500
billion fund. I mean, just mammoth, mammoth amounts of
money. But it wasn’t just as economic, he’s obviously a cash
generating machine. But it wasn’t just that it was also the
way that he came out on this whole Wall Street bets Robinhood
scandal way back in January. Remember, of the whole payment
for order flow is a gigantic scandal with with Robinhood. And
he, along with Vlad and others was hauled up to Capitol Hill,
but they could not lay a glove on him. He demonstrated, I think
in commanding testimony, that all these conspiracy theories
around his role had no merit. And the populist revolt around
this whole payment for order flow Robinhood thing broke
against the rock of Ken Griffin. He comes out as a huge winner,
both economically and politically.
And you left out the most important part. He was the
supervillain in buying the Constitution down. Yeah. And he
got revenge. One extra dollar. Yes. He got he got revenge on
the crypto people. That’s right.
That’s right. Great, great financial troll. freeberg. Do
we get yours yet best investor of 2021?
I kind of stuck to private markets just because they’re
illiquid, which means it’s harder to source. Not everyone
has the same data. We all have different data and different
points of view. So within that, I kind of said, Look, what makes
the best investor and number one is obviously good returns, you
know, who’s got the best returns, but second is how
scalable is your investing machine? And third is how
durable is it? Like does it get worse as you scale? I know
where you’re going with this. So you know, I had three kind of
finalists. One was founders fund. And I would argue they
probably have the best consistent returns in terms of
the multiples on their funds. Tiger Global, which we talked
about earlier, which I would argue is the most scalable and
durable, as we’ve seen deploying 15 billion this year.
And then finally, Sequoia, which has near the best returns,
scalable and durable with this new transition you talked about
and ultimately Sequoia one out. So that’s my, my tree of
success. One of the first times we’ve had two of the same in the
voting. This is incredible. Best turnaround. What do you got for
best turnaround? best turnaround,
I picked Ford.
Enormous performance. This year, the stocks up 130 odd percent.
Good portfolio mix of, you know, gas guzzling cars that still
make a ton of money like the Ford F 150s. But, you know, they
have the Mustang, they have electric versions of the Ford F
150s. They had some great investments, I think they
printed like a $20 billion gain on Rivian. So it’s just a
really, really good turnaround from what that company was,
which was if you’ve talked any car company that that could have
been up 132% at the beginning of 2021, it would not have been
Ford. So well done by that team.
Who do you have sex? Are you an investor in Fortuna?
No, no. So I went a little different for this. I said the
best turnaround was Kyle Rittenhouse his reputation. As
you recall, Rittenhouse shot three white attackers, including
two of them were sex offenders at a violent BLM protest in
Kenosha. The media then painted him without any evidence as a
white supremacist terrorist who went there looking to shoot
people like some sort of frustrated school shooter. It
turned out not to be true. There was clear video evidence at the
scene that he acted in self defense. Once there was a jury
trial. All this came out he was acquitted on all charges and the
prosecution was revealed to be politically motivated. I would
say that Rittenhouse now has his freedom and he has a reputation
back in the eyes of all fair observers.
Who do you got freeberg?
Well, I went from who was in the worst shape and came back from
that. And I put WeWork on here, which is an obvious and easy
choice. WeWork to me is like Rocky Balboa. Rocky Balboa could
not win the match. Rocky Balboa got so beat up, goes to his
corner. He gets patched up. He’s bleeding from his eyes, bleeding
from his nose. He’s literally about to die. His coach gives
him a little smack on the butt and says, get back out there. And
he keeps going. He’s not going to win the match. But man, for
WeWork to go from where it was a few years ago, which was days or
weeks away from bankruptcy, billions of dollars of money
injected by SoftBank, and for them to orchestrate, basically
this whole, you know, juggernaut into what looks like a business
now, and get it public via SPAC. And it now has enough capital
and a good game plan. And it looks like maybe a normal, you
know, challenge technology business was really quite a
turnaround. There was no one to sell this thing to they had to
get in there. And they had to rework this whole thing. And
they reworked WeWork and Rocky Balboa is going to make it to
the 10th round. He may not win the match, but you know, he’s
still in it. It was pretty, pretty impressive to see them
get it out this year.
All right, listen, I struggle with this one. I had two
companies that I really wanted to highlight for two different
reasons. One was Twitter, which had no product velocity. And
people thought I’m taking out financial performance right now.
I’m just looking at the product itself. And my Lord, have they
increased their product velocity releasing newsletters, audio
spaces, and countless other features. And so I like them.
But I actually think Disney, which was and it hasn’t
performed well this year, but they had 44 million subs. They
added 44 million paid subs this year. And people thought theme
parks would be a problem, etc. And I think they’re going to
have an absolute killer future. If Apple had not, if it hadn’t
been for antitrust right now, I think Apple will be looking at
buying Disney if they had any way to get it through there,
because the journey
what do they turn around exactly like turnaround means it’s
crappy. And then it’s not crappy.
Well, I didn’t do stock price. But I think they had a major
threat and a major question of could they actually create their
own streaming platform? Would it work? And getting out of the
pandemic? Could the parks rebound, the parks have
rebounded, I see, I think they’re going to roll over
Netflix. So the sentiment was like, God, the stock, I don’t
know. And they’ve really, I think, turned it around.
Yeah, the stock’s been a dog this year. But yeah,
that’s why I said, like, it’s kind of hard to pick it. But I
do think like, if you look at the fundamentals of the
business, Twitter is going to go to 300 million,
because they announced so much content from the Star Wars,
Marvel, Pixar, Disney ecosystem, that is coming this year and
next year. And it’s going from Book of Boba Fett, Mandalorian,
Obi Wan Kenobi, where, you know, Hayden Christensen, and the guy
who played Obi Wan Kenobi are coming back like this library is
going to have a ridiculous 2022.
I like HBO Max more than Disney Plus. I mean, my kids watch a
little Disney Plus, but they watch all the other streaming
services to Disney Plus doesn’t seem to have a monopoly for me.
HBO Max is such a depth of content right now, when that
water media deal gets done. I think that’s the juggernaut
stock you want to own. It’s gonna have an incredible library
to compete with Disney.
Well, I mean, secession. And just a library, man. They’ve so
much in there. They’re releasing a soprano releasing the Matrix
tomorrow on HBO Plus, like HBO Max, they redid the Justice
League. And the new the new the new matrix comes out on
HBO Max tomorrow, day and date.
They love that because I love that they did that with Dune. I
love Dune. Totally. Yeah. Dune is an incredible movie. I’m in
my movie theater right now. So I’m gonna watch it on movie
theater this week. Okay, worst human being I’m gonna go first.
I’m gonna say Elizabeth Warren. I think trying to raise money
off of the back of the person who raised the most money for
our taxes from taxes. It’s just lame. If you haven’t seen she’s
attacking. Elon and Bezos in Facebook ads trying to grift to
get $10 while she’s got 12 million equities that she paid
like $0 on because that’s how the tax system that she has
operated under for decades works. Worst human being to me
I am going to pick Travis McMichael, Gregory McMichael,
William roadie, Brian, Roddy, Brian, and Derek Chauvin, four
white men who killed in two different incidents, an unarmed
black man, they are scumbags, and they should go to jail and
they will for the rest of their lives. They are terrible human
beings. Great job. Saks we got for worst.
Yeah, I’ve got a name here. I don’t know if the audience knows
yet. It’s a guy named Peter Daszak, who’s a British
zoologist. He’s head of a group called the EcoHealth Alliance
that received millions of dollars in NIH grants for gain
of function research in bat viruses. If that sounds
familiar, it’s because some of that was given to the lab in
Wuhan from which COVID likely leaked. But that by itself is
not the reason why he’s my choice. He then became one of
the leading signers and organizers of a letter that was
published in the Lancet in February of 2020, insisting with
total certainty that the virus had made the leap from animals
and humans rather than being rather than leaking from a lab.
In fact, he basically painted anyone who had put forward the
lab leak theory as a conspiracy theorist. He you know, his
influence made this so called zoonotic theory, the official
narrative that cannot be questioned online for well over
a year, all the social networks and censored on that basis. And
he never disclosed his obvious conflict of interest given that
his millions of research was threatened if the lab leak three
were proven right. So this, you know, this guy not only helped
unleash a plague upon the world, he then lied about it to
cover his ass and protect his millions. That makes him the
worst in my view.
You’re interested in hearing a point of view on this. Jamie
Metzl did an interview with Lex Friedman on Lex’s podcast, it’s
worth listening to it’s five hours long. But the the section
where they talk about what sex is sharing, I think is around the
one hour mark. And it’s a really interesting narrative that Jamie
shares about what this individual did during this
period of time and why
does it support what I’m saying? Yes.
He’s not gonna listen, but now he feels smug with himself.
Lex, it’s a genius.
Yeah, Lex is great. So my source for this has been the reporting
of Glenn Greenwald, who did some pretty good research on a great
I mean, sort of expose on the conflict of interest that was
never disclosed. And it was on this basis that all the social
networking sites then engaged in censorship. So just a whole,
you know, cluster of bad motives by, you know, people looking to
cover their ass.
But I mean, it’s worth hearing Jamie’s point of view on this,
which is he tries to identify the motivation and the
incentives that those people had when they made those cover up
decisions along the way. And I think it’s really worth everyone
taking that in. That’s what I really liked about Lex’s
podcast interview with Jamie was, you know, none of these
things come from a place of pure evil. They come from a
place of incentive and motivation where these
individuals think that they’re doing the right thing for some
reason. And, and that’s what motivated their behavior. But
that’s also why and just to jump the gun here, I am not giving
you a worst human being answer. Not a virtue signal. Really, I
just go back to this point that I don’t think humans are, you
know, intrinsically evil. I think that a lot of people make
decisions for what they consider to be good reasons or the right
reasons or reasons that are in their mind altruistic, but
ultimately have adverse consequences for another
Not not Derek.
Yeah. I would argue that in some cases, people who are selfish
don’t make it very far in life. And so they generally don’t have
that much of an impact in an evil way. It’s very few people
that are purely selfish and make it to scale. But anyway, that’s
my very esoteric
I think Freeburg raised a good point, which is I think we can
judge this not by people’s internal motivations, because we
don’t really know, but rather by the consequences of the outcome,
right? Yeah, the adverse consequences.
Okay. So best meme, I’ll go first. I love Daniel Craig’s The
Weekend, because I’ve been so exhausted from this year, that
when Friday rolls around, that’s all I can think about is Daniel
Craig saying, Ladies and gentlemen, for weekend, he’s
just exacerbated and exhausted as am I, my runner up was
Anakin and Padme doing their conversation. You know, for the
better, right. And you can look that up online. It’s a for pain.
It’s one of those for pain conversation ones. What do you
got your mouth? You have any best memes?
It’s the Bernie Sanders inauguration outfit. Amazing.
Always a great go to his little his little mittens. And you
know, he’s totally attached. He’s detached communist glare.
About that great meme.
It’s like he’s at a sit in at like, some college in Vermont,
in Russia in the wintertime. Exactly. Exactly. Like a little
chipmunk. Yeah. All right. Who do you got sacks? You got a best
the ever given forklift meme. This was that little forklift
trying to push that gigantic barge out of the canal. And got
hilariously repurposed. And then
like 10 years ago,
I know this year, can you believe it? And a close runner
up was my fall plans versus the Delta variant. Oh, you remember
that one? That was a great one. That was a good one.
Freeberg. Yeah, I know you don’t care about pop culture or
consume much of it. But give us your best meme.
No, I don’t have a meme. Sorry, not have a meme upgrade. I have
no sense of I like to know the good one. I’ll take that one.
Enjoy your memes, but not enough. Okay, can we upgrade
his meme subroutine? I love pop culture. This the mean thing. I
just don’t it doesn’t resonate for me. It just doesn’t pop
culture. I am a fan of pop culture. But the memes do not
make sense to me. Chop boys were great. I have trouble processing
imagery and text all at the same time. My subroutine is indexing
all images and GPT three. I’m going to produce funny jokes.
My laughing subroutine has been upgraded.
Ha ha ha ha. Sorry, it’s too easy. Sorry, Allison. Most
lonesome company live with them. Most most. I don’t think she
listens to this, by the way. My wife doesn’t listen to it. I was
talking to my wife about sweater care or whatever. She’s like,
what are you talking about? I’m like, the pod that everybody
listens to. None of our wives listen to this crap. Number 40
in the world. No. Okay, most lonesome company. This one is an
absolutely easy one slam dunk. It is PG&E who this year was
charged with felonies and manslaughter in the death of
four people because of the wildfires that they started
because of their inability to maintain their power
infrastructure throughout the state of California. Very rare
that a for profit corporation gets charged with felony murder
and manslaughter. So I think that’s pretty easy one. What do
you got freeberg? I think one day the human race will look
back and identify animal agriculture as worse than human
slavery. I do think that that will be a profound realization
over the next century for our species. And you say worse than
human slavery. I believe that that’s what we will realize
because the the scale of death caused by animal agriculture.
Okay. Oh, I understand how you’re saying the birth to death
cycle that these animals live in, in cages, with no ability to
touch or interact with their families, the the hurt, the pain,
it’s extraordinary. And part of my work that I do day to day is
to figure out ways that we can use science to replace animal
agriculture. So the penultimate kind of animal agriculture
processor in the US is Tyson Foods, they are the most lonesome
company to me. And I stick by my my answer.
Can I can I give you a counterpoint?
Yeah. But it’s delicious. It’s a joke.
That’s not cool.
spicy take, I mean, to the human suffering of slavery, and then
equate it, but you added, I mean, honestly, freeberg, like
if you have it, look, you haven’t, you’ve never eaten any
form of animal protein. So how do you know what you’re missing?
It’s true, but he does know about cruelty.
Yeah, I guess I’m just saying there’s any winners in this
conversation at this point.
Yeah, this is a longer pod. We could do this another time.
Fried chicken is really delicious. Oh, man. So is a
Okay, we got to stop. I’m hungry.
Saks, did you have a besides Tyson Foods? What do you got?
of the first entering you and putting a label on?
No, no, no. So some company I had the New York Times, a new
year in 2021, called the Gray Lady winked. The author Ashley
rinseburg details decades of misinformation and agenda driven
journalism published by the times starting in the 1930s at a
Nazi sympathizer. As their German correspondent, they
covered up Stalin’s genocide in Ukraine, they assisted Fidel
Castro’s rise to power in Cuba, they lied us into Vietnam and
Iraq. They and they perpetuated the Russian collusion hoax. More
recently, the New York Times has gone all in on woke
journalism and cancel culture, purging anyone from its ranks
who commits a transgression against woke sensibilities. From
Brian Armstrong to Kyle Rittenhouse, they’ve routinely
smeared people as racist with no evidence to back it up. Remember,
they are not a nonprofit, they are a corporation and they have
an agenda. New York Times most lonesome company in my
head, David, can I double down on this? I posted Nick, maybe
you can find this. But there was a there was an article in the
Washington Post that I put into the group chat where the
Washington Post article was effectively like Washington
Post forced to revisit journalism practices because of
falling click through rates and lack of viewership. So in a post
Trump era, Trump, yeah, yeah, post Trump era, two years on,
you know, they’re, they’re the number of premium subscribers
that WAPO has, has pretty materially changed, I guess. And
so, you know, they’re revisiting what they’re trying to write.
And as you can imagine, they’re going to air towards more
clickbait. And it’s the same for the times. And so, you know, to
your point, we have to remember that these things are not run as
public trusts. They’re run as for profit businesses. Yep.
We’ve seen what other for profit businesses do as it relates to
information and misinformation and disinformation. And so you
have to heavily discount what you read in these places
information after profits trust. And this is why tech leaders and
other people are increasingly going direct as we talked about
all year in the pod, go direct, they are not the paper of record
anymore. Direct is the new the internet paper of record. I mean,
look at this podcast. I mean, I think like we’re going direct,
we get more views on this than any other press hit we could ever
do. And we get to try.
I think we’ve probably eclipsed MSNBC any show that and we’re
probably going to pass CNBC and Fox by the end of this year.
Sure. So for me, I would pick the MyPillow guy, but that’s not
a real company. So I just picked meta, which is just so obvious.
I just think
bro, you have these themes, you’re like, you’re so after
Facebook, you’re super tilted about Facebook, you’re super
tilted about Senator Karen. Yes, they just keep cropping up in
I just it’s hard for me not to pick meta here. Best New Tech
for me, it’s dows. I mentioned it earlier. I think it’s
phenomenal. I think that they’re going to evolve and global
formation. What do you think it is?
dows? No, they’re what? global capital formation are
phenomenal. They’re phenomenal. I said phenomenal. All right,
stop making fun of the kid from Brooklyn. Okay. Do you think
this podcast we number 40 if I didn’t? Okay, enough, enough.
You ungrateful prick. Listen to me now I’m trying to get the
show over with 75 minutes in. Okay, so I say dows because I
believe that they will become legal and global capital
formation for the first time on an instant basis will exist. And
I believe 40 million is the dry run for the Constitution 400
million and 4 billion will happen in the next 10 years to
do bigger and bigger challenges the world wants to bet as a unit
together and this is going to be the crowning achievement of web
three dows. What’s the best new tech for you, Mr. Polly hop
into you. I have two choices. Okay, one is in the heavens. And
that is human space travel. Okay, we had three different
companies create astronauts this year. Three amazing. That’s like
insanity. Mind. So that it’s mind blowing. And so if you
think about what the next five to 10 years can bring Jason at
what you said earlier, but, you know, making ourselves a
multi planetary species, what an inspiring thing that these
thousands of employees across these three businesses did. Huge
congrats to all three of them. I found it really inspiring. So I
think human space travel, and then the second which is much
more closer to earth is sub stack, I think really got to a
level of scale this year. That is really profound. I have found
it to be an incredible way to stay connected to the truth. And
there are some unbelievable people who are now able to
create a life for themselves by telling the truth. independent
voices. Yeah. And, and you can support them directly.
You know, a handful of people, Matt, I be Barry Weiss, Eric
newcomer, just a handful that jump off the top Glenn
Greenwald. But there’s there’s many more. sub stacks going to
learn how to promote these things to you in a better way,
I think over time. But I think that is incredible, you
eventually come off, there’ll be some sort of group subscription.
And then you’ll be able to put Glenn Greenwald and Barry Weiss
and have multiple publishers come in like an aggregated feed
or something to that effect. In other words, you can subscribe
to the New York Times of these independent voices, and they
would split the money across them. It’s the closest thing to
truth as a service that we have. And with pot, I’d say podcast is
right up there to sacks. I’m obviously you’re gonna pick
Colin, but after calling what he got for the best.
You know, I originally had the the CRISPR gene or anything, but
you mentioned that. So I’m gonna I’m gonna go with Starlink. It
got Yes, it it just came out at the end of 2020. But this year,
it kept getting better and faster. And now it’s reported
that Starlink is faster than the fixed broadband average in
Belgium, Canada, Australia, Germany, the UK, New Zealand and
France. Come on. No way. Really? Yeah, it’s pretty
unbelievable. Wow. Evan Baker just tweeted this earlier today
this morning. That’s all I can say all I can say for all of us
who own yum, yum, yum, yum, yum. That’s so delicious. Okay, my
best new technology. I think the 2021 was the year of plasma
fusion. There were several iterations and step function
improvements in plasma. Explain what it is to people who don’t
know. The concept ultimately for plasma fusion is that you can
generate a controlled nuclear series of nuclear reactions
where energy is released. And as these atoms transform and energy
is released, rather than have a runaway breakthrough effect,
which you would have in a nuclear bomb, for example, you
can actually control it and harness the energy that comes
out. And there are several technologies and techniques that
have been theorized for 50 years that we could do this in a way
that the energy that we put in to create and start the fusion
reaction allows us to get more energy out. And therefore, you
have a net energy crater just by turning atoms into energy in a
way that doesn’t cause a runaway breakthrough nuclear reaction
that would be the equivalent of a nuclear bomb. And so, you know,
the MIT CFS collaboration had an excellent breakthrough that we
spoke about on one of our pods, the National Ignition Facility,
which is actually a US DOE funded facility came very close
to energy abundance. And they have a wonderful chart that
shows 20 years of doing this work. And then this year, it
suddenly balloons. And is that how they make energy on the sun?
This one is so so all of this is fusion. That’s correct. But
that’s, that’s how they make energy on the sun. Well, what
we’re doing here is, we’re basically using lasers to create
the same density that you would get on the sun that triggers
that same sort of nuclear. And what about Uranus?
Different. It’s different.
Bill never stops being funny.
General Fusion had a big breakthrough. And Bill Gates is
a big backer of a company called Terra Power that announced
that they’re building a new reactor. But I think generally
speaking, we are seeing 2021 is kind of that big step change
where this stuff is starting to move from theory.
When will we have it online?
Still, as everyone’s been saying for decades, 10 years. So every
year, every 10 years, we say 10 years.
Best trend, worst trend. Here we go. I’m going to go with the
best trend being centrism, purple pills, recalls of DAs,
reasonableness, and maybe the the political class actually
representing what most of the country wants, which is a high
functioning government that gets the hell out of the way. What do
you got sex
best trend hashtag woke lash. We saw this is similar to yours. We
saw a major pushback against woke ideology on several fronts
this year. First, you had parents pushing back on CRT,
leading to a Republican sweep in deep blue Virginia. Then the
whole defund the police initiative was rejected on the
ballot of Minneapolis where it all started. Even the mayor of
San Francisco now wants to refund the police. The attempt
to cancel Dave Chappelle totally fizzled out after the walkout
protests on Netflix. And even Barack Obama told the progressive
left to quote get over their woke purity earlier this year,
they should have listened to him and maybe they finally will next
year after losing more elections.
I’ll just repeat something I said earlier, I’ll be quick
about it, the creator economy blossoming new models for
monetization for folks that create content, whether it’s
video, art, music, and, you know, there’s all these new
models for bringing your art to market your content to market
and getting paid for it. And consumers are clearly willing to
pay for it. So it’s awesome to see the gatekeepers are falling
away. And the go direct model is working. What do you got your
mouth? I’m going to double tap that. I had the creator economy.
I think it’s incredible what these young creators are
basically. You know, creating, it’s incredible, super, super
novel and new forms of content. Tick tock is super addictive.
Stay out of the comments. YouTube is incredible. So this
is a brave new world for for creators.
All right, so worst trend, the worst trend of 2021. I’m going
to go with giving credit for work that hasn’t been done yet.
And just straight up founder and investor entitlement. I’ve never
seen it at all time peak here where people expect to be given
huge rewards before they do the work. And I’m very concerned
about the lack of governance, the lack of diligence, and
people believing they should get huge rewards before they
actually do the work. What do you got your mouth?
My worst trend is the decaying of the national security of our
supply chains. If you think about some of the really
important things that we’re going to have to get done over
the next 10 years, just climate as an example. China has done a
masterful job, they control, you know, a lot of the lithium, a
lot of the nickel, a lot of the cobalt, a lot of the graphite,
they control a lot of the rare earths that go into the
permanent magnets. And we don’t have a solution. So that is a
really bad trend that accelerated. This year, we have
some really ambitious programs in America that are unfortunately
stuck because of, you know, lawsuits, claiming that the, you
know, the wood grouse is more important than batteries. And so
unless we undo that stuff, we’re in a bad place.
Okay, sacks, what do you got?
I’ve got the rise of authoritarianism around the
world. And here in the United States, I mean, even in Western
countries, like Australia, it’s basically been turned into a
prison colony for months in the name of stopping COVID. Here in
the United States, you’ve got governors like Gavin Newsom,
who’ve basically appropriated dictatorial powers through a
bogus state of emergency. You’ve now got the unvaccinated treated
as some sort of untouchable class of citizens who aren’t
able to leave their house except to buy food and medicine. They’re
even now in Europe, they’re splitting, they’re forcing
people behind partitions at the supermarket. Boston just
announced they’re banning unvaccinated people from going
to all restaurants, bars, nightclubs, sport arenas, fitness
centers, movie theaters, and on and on it goes. On top of that,
you’ve got censorship, you’ve got, you know, the censoring of
speech, you’ve got this sort of crackdown on domestic political
enemies. And I think it’s also emboldening authoritarian
regimes like China and Russia to crack down harder on their
citizens, because they see what’s happening in the West,
and they think they can get away with it. So all around bad
I think to your point, Zack, it’s one of the reasons why we
will see people in general looking for alternative ways to
govern themselves. And it will only catalyze and accelerate
some of these other trends that I think we’ve been talking
about. My worst trend was the metaverse. I think it’s like the
renaming of something that’s been going on for a long time as
if it’s some new future thing. If anyone’s played Fortnite over
the last six years or five years, you know, the metaverse
has been here for a long time. And this notion that you can
kind of take it and make it something that doesn’t exist
yet. And it’s all about the future and make some stupid
video about it. I think it’s a little bit lost in what’s
already been going on, which is people find value in digital
goods, people find value in digital levels and badging. And
they find honor and progress in their lives by accomplishing
things in a digital universe. And they’ve been doing that from
Minecraft to Fortnite, to other places for a long time. And it’s
fascinating to watch. But the notion that we call this thing
the metaverse, and everyone’s trying to reclassify it as some
future singular universe, and therefore they can own that
singular universe is a pretty misstated and misguided
kind of concept. Let’s go on to your favorite book, movie,
podcast, music discovery of 2021. For music, I had war on
drugs for book, Ray Crocks autobiography I listened to on
audible, and it was great. On TV, secession, curb your
enthusiasm and dope sick were my three favorites. I think
Friedberg, what do you got? Considering that you have had
your pop culture? I will tell you guys on time. I think it’s
very important that everyone on this pod and anyone listening to
this, that has any interest in what’s going on in the world
today, broadly, read Ray Dalio’s The Changing World Order, it is
my number one, number two, and number three book
recommendation of the year, it is absolutely critical to
understand that the global world order is being reclassified, as
the United States has taken on too much debt, and will
ultimately lose its reserve currency status, as we have
seen with the transition of five or six empires over the past
500 years. And this transition is very predictable. As Ray
Dalio highlights, we are following a pattern that we’ve
seen over and over again. And, and we are in a moment right
now, where populism, whether it’s authoritarianism on the
right, or socialism on the left, is a reaction to what is
effectively a very small number of people controlling a very
large amount of the wealth and the power in this country and in
the world. And we’ve seen this play out. And as governments and
societies evolve, eventually, this happens, there’s a massive
revolution typically triggered by some new technology emerging,
like the printing press, the radio shipping. And in our case
today, I would argue what we people are calling web three, or
the blockchain as that that triggering technology. And as
that happens, the current dominant empire transitions, and
a new world order emerges. And this is not some conspiracy
theory. It’s a it’s an in depth look at the economic, political
and social organizations that have broken apart over the last
500 years. And where we sit today. It’s not about politics.
It’s just about manifestations of human behavior over time.
Done for that. Everyone’s got to read it. My second Oh, I got
one more. Come on. Okay. No, of course. Keep going. Wes
Anderson’s The French Dispatch is one of the best films I have
seen in like a decade. Have you guys seen it? No, it is friggin
amazing. I feel like every shot is like a cinematography
masterpiece. The writing is incredible. The acting will blow
your mind. If you guys see that film, we could talk about it for
hours. It is just no political agenda, no nonsense in it. It’s
just pure art. It’s really beautiful. Oh, and then on
music, I’ll give a shout out to a very unknown artist who I
think deserves a little shout out. His name is DK, the
drummer. DK, the drummer did a collaboration with a guy named
Alejandro Arenda, who was on American Idol. My kids cannot
stop listening to his track that they did together. It’s amazing.
Shout out for that guy just figured he deserves it for
putting out an awesome track.
All right, sax, which Steve Bannon episode was your
So under a book of the year, I have a very recent choice, which
is San Francisco by Michael Schellenberger. It just came
out, but it’s already I think, very influential. It’s not just
about San Francisco. It’s really about how the so called
progressive agenda in cities is not working. I think it is going
to be the blueprint for a major backlash that’s already begun
here in San Francisco with London Breed taking on Jason
Boudin. I think that’s going to be a recurring theme next year.
Also, other big cultural discoveries. I like Chamath, I
have Red Pill journalists on Substack, Glenn Greenwald, Matt
Taibbi, Antonio Garcia Martinez, all of whom now have shows on
Collins. So those are my choices.
There’s a second plug. Okay, here we go. Chamath, what was
your favorite app besides Colin?
Exactly. Let’s see. So my best album is Planet Her by Doja
Cat. danceable, fun. Kids love it. I love it.
And you dance. Okay.
You know that I have rhythm, bro.
All in summit dance party. Here we go.
Oh, yeah, from the from the waist down, as you also know,
but just beep that out, please. No, no, no, you cannot hide from
the truth, boys. Best movie is Dune. It was so beautiful.
Cinematically, just gorgeous. Incredible, incredible,
incredible movie. And then book. I’ve said this before. But the
way I think about the world is using these models and
frameworks. One of the most useful models that I have found
is this idea of mimesis or mimetic theory, which is that
people copy each other that causes conflict. It was espoused
by a philosopher named Renee Girard. Myself, Peter Thiel,
there’s a bunch of us who are pretty deep. Renee Girard
acolytes. The problem is that his stuff can be a little hard
to penetrate. And so there was a book called wanting w a n t ing
by this author named Luke Burgess. superb book, very easy
to read, very accessible explains this really well. One
of the most useful mental models that I have.
And I’ll just shout out we didn’t have best comedian in
here. But I really enjoyed Hassan Minaj is the king’s
jester, a new show that is not yet on streaming, but that he’s
doing live. It was hilarious. It was insightful. He’s and really
enjoyed going to it.
Did you like Loki?
I enjoyed it. Yeah, well, what is it? What is what is Loki?
He is a cat. He’s Thor’s stepbrother. And they did a TV
show called Loki, which was like a very challenging metaverse
multiple timeline kind of concept set the stage for the
whole next wave of Marvel movies. Didn’t you think that
was the best Marvel product this year? Or no,
definitely was absolutely 100% Spider Man Homecoming, but I
think it sets in line.
Wait, we haven’t heard from Saks. Did we hear from Saks?
Yeah, Saks just picked like some right wing book.
It was like San Francisco or something and TV or whatever. I
mean, Saks, did you? You actually love movies, you’ve
made movies. Did you see a film you loved? Were you just
watching like films from the 90s?
Honestly, it’s hard to find like even one movie that I want to
you know, write home about I think it’s a lot easier to find
TV shows like we’re enjoying Yellowstone right now. Quite a
bit. I don’t know if you guys are watching that Kevin
Nobody who’s on the left knows what Yellowstone is explain to
people this right wing phenomenon.
It’s a it’s a Kevin Costner show. I don’t know if it’s
right wing. It’s about a ranching like family like
they’re traditional sort of cowboys who live in Wyoming. And
or maybe it’s Montana. I’m not sure. Anyway, there’s all these
people trying to go after them to get their land, mostly
developers. And it’s fantastic. They’re fighting to preserve
their way of life, which is around, you know, raising cows.
It’s Taylor Sheridan, who’s the guy who did Sicario, which if
you’ve never seen Sicario one and two amazing are the most
amazing thrillers you’re ever going to see. I mean, very hard
to watch. They’re so intense. And I think Yellowstone now is
the reason I say it’s right wing is it’s doing incredibly well in
the south, and it’s not happening in the coastal cities.
So coastal, it’s kind of like a leave me alone.
It’s very much to the republic, the traditional republican slash
American sensibility. Well, they’re making it into a
universe. So they did a prequel. And it’s just off the charts.
It’s the most viewership of any program. And most people in San
Francisco, New York and LA don’t even know what it is.
Yeah, I’m not sure it’s like has an overt political agenda. I
mean, the family who’s the subject of the show, the cost
or character, he’s just against progress. He does not want
developers coming in there, building airports, building ski
resorts. He just wants to preserve his way of life, which
is how it’s been for 150 years rustling cattle. Can’t wait to
see. And I don’t know how political that is. But they are
like very tough. I mean, it’s like, it’s like Sanford, San
Francisco housing. Yeah. Okay, we’re gonna keep up with this
one. This is our Rudy Giuliani award for self emulation.
Basically, people who destroy their legacy in some way, or
otherwise just bungled everything. sacks, I got to go
to you first. I know that you’ve got your writing team over at
Fox and has something going on here for this one. Let’s go.
Well, yeah, I went with the Cuomo brothers. You know,
grateful. Yes. So first, you have the governor Andrew Cuomo
member at the beginning of COVID. He was giving these
constant press conferences. There was even talk about on the
part of Democrats replacing Biden with him at the 2020
convention. This inspired the term Cuomo sexuals, who saw him
as a sex symbol. And then he got taken down in August by sexual
harassment allegations. Then, a few weeks later, there’s a major
scandal at CNN when it leaked documents from the New York AGs
office showed that his brother Chris Cuomo had used his perch
at, you know, at CNN to dig up dirt on some of his brother’s
accusers, then he was suspended and ultimately fired. So both
brothers self immolated within a few months of each other.
And Andrew Cuomo had to return his $5 million book advance for
his COVID book. Freeberg we got who lit themselves on fire. And
well, I was a little general, I kind of said, you know, all
these politicians who made claims about the vaccine not
being worth doing, and then they got COVID. And then on the flip
side of the aisle, all the politicians who said take the
vaccine, or you’ll get COVID. And then they took the vaccine
and they still got COVID. So you know, I think again,
credibility, institutional credibility and deterministic
statements like that from both sides, damaged a lot of
reputations. And it’s just brutal to watch, you know, from
from one day to the next, from Elizabeth Warren to Rand Paul,
people getting COVID making one claim or another about, you
know, the good or the bad of the vaccine. And at the end of the
day, COVID doesn’t care, clearly. So anyway,
what do you got your mouth?
Senator Karen, I think Senator Karen is the obvious choice for
me. Kind of proved that she doesn’t really know much about
economics is, you know, kind of mean. And just basically wants
to, you know, is a moral absolutist authoritarian just on
By the way, I just I’ll interject, because I’m so
passionate about this right now, since I’ve read this book. But
you know, you’ll hear you’ll see in this book, that this populist
diatribe that you hear from both sides, whether it’s the right or
the left comes from a place that’s driven by an allocation
of a lot of the resources, capital and influence and power
to a small number of people. And whether it’s Senator Karen or
Donald Trump, they ultimately end up being this, you know, the
same characters played by different actors over time. And
the left and the right stand up with authoritarianism and
socialism as the answer, and the whole thing cycles over again.
And we’re in this moment right now. And this sort of stuff that
you guys are talking about Senator Karen and others kind of
saying is only going to get louder. I’m convinced.
But I think it’s interesting, because I think she’s overplayed
her hand massively. I mean, she’s become so shrill and such
a scold that, you know, she can never win that, you know, that
beer test quite remember that question they asked, they pull
people on about presidential candidates is who do you most
want to have a beer with? You know, that that question
actually is important, because I don’t think people want to have
a beer with people who are scolding them or these moral
absolutists, like Jamal said, there is a check there. And so I
think she’s, I think what she’s done is backfired.
And for me, it was Biden. I mean, what a disappointing
performance. He couldn’t control the far left of the party. He
couldn’t get anybody on the Republican side to give him but
one vote. He declared independence from COVID in July.
I know it’s not a perfect science or anything like that.
But I think that this presidency is one and done, obviously to
everybody. And yeah, he was supposed to go right into the
middle. And he has not gone anywhere near the middle or led
from the front either way. All right, here we go. My God,
Jason, how much Fox News have you been watching?
She’s just hanging out with you too much. No, I mean, it is
possible. You know, I really wanted a centrist for president
he presented as such, and then he hasn’t done that. And now
he’s being forced into centrism, kicking and screaming.
He should just started there. That’s where that was the
promise. He should have started there. That’s where that’s where
he’s most comfortable. Anyways, that’s who he is. Exactly. Like
what a head fake. And now he winds up there anyway, and it’s
gonna be too late. So it’s just a disaster. He basically took
victory from the jaws of defeat or took defeat from the jaws of
victory, right? Like just terrible. Okay, here’s an award.
I don’t know if we’re gonna make this but who was your favorite
bestie? So this is you picking up the three other besties.
Freeberg, this is your idea. You want to create this division of
why somebody is your favorite bestie on the show.
I was just trying to give you a shout out for coming to my
party. Okay, you know, while the other besties. So I am your
favorite bestie. No, but you know what, yesterday Chamath
served me crepes with Nutella. So he’s my favorite bestie now.
So you’re playing? No, and Saks had an incredible party and you
guys all three. Okay, I’ll tell you something. All three of you
guys have been incredibly generous. And I feel fortunate
that I know it’s a little soft moment. But thank you guys.
That’s it. I have had my chip upgraded. Emotion is complete.
I love you. My voice is cracking. This is in my
programming. But I should keep it together. That tier sub
routine has not been installed. Chamath you want to pick your
favorite bestie and or go around the horn and this is just a bad
idea. No, I love all three of you. Thank you. Yeah. I love all
three of you. But for different reasons. I’m really lucky to
have all three of you as friends. Oh, very nice. I am
very lucky to have two of the three of you have planes that I
get to fly on around the world. Second homes that I get to
freeload off of. And freeberg. You know, I just say like, you
know, get as I told your mom freeberg at your wonderful
Christmas party. I said, you know, getting to know your son
has been one of the highlights of the last year and a half for
me. So sincerely, you know, I was good friends with Chamath and
sacks. But you know, you and I knew each other from poker, but
you know, not great friends or super close friends yet. And I
think it’s been one of the highlights for me. And I really
have learned to love and respect your opinions or ethos, your
effort in the world and in a world of people who are
complaining and whining and not doing I just feel so honored to
be able to be the moderator here and spend time with you
every week. I would do this if we threw the episode away every
week. Because it’s inspiring for me for the next six days until
we meet again. It really fills my bucket, it recharges my
batteries to to be with folks who just aggressively want to
solve problems in the world.
Where are we taping this next week?
So that’s like two or three weeks, we’re going to be at the
upfront summit on the second day in LA. I think it’s somebody
want to give the date? I think it’s January.
Any plans to tape from Uranus?
If we can terraform, it’s the 24th to 26. But I think we’re on
the 26th. The last day in the afternoon, all in podcast, we’re
doing it. Mark Schuster invited us and then the all in summit
will be in May. In Miami, we have the dates we’re about to
announce. But don’t email me for free tickets. There’ll be 300
tickets to the summit. 250 of them are paid. And then each
bestie gets 12 tickets to give to a bestie. This is how we’re
going to run it. Everybody has to pay and then everything will
be simulcast. All right, everybody. Let’s wrap up.
Saks, I know you’re not capable of saying anything emotional,
but let’s give it a shot just for the for the audience.
I mean, this is a real question. This effeminate bullshit that
what is so brutal? You’re such an asshole. What a piece of
I will say this this group, a few relationships in particular
had a very rocky year. And so it’s Yeah. And so it’s really
YouTube. That is true. It was not it was not public. What all
that went down? Yeah, but but Chamath and I here we are here.
Chamath and I fought very hard to keep the pod together and to
make sure that you guys and you guys are literally like the two
characters from stepbrothers. And
characters you’re talking about in this spot. Yeah. And it’s
good. It’s good. It’s good to see
a idiot who crashed the bunk beds. The one on top. Yeah, he
jumps on top. I mean, I don’t even know what movie you’re
talking about. What is the two of you you Saxon J Cal found a
way to fight to almost break up to destroy everything we built
together. freebrook and I had to step in not once but on two
different occasions amount of time Chamath and I had to spend
mediating the two of you back together was ridiculous.
The time either. Yeah.
Sax could stay in his lane.
No, no, no, no, no. Don’t start. Don’t start. Don’t start next
reminding me of something. Yeah. He says he said I got so mad at
Jason this year that I threatened to make Nick a
millionaire out of spite.
Nick, I want to make you a millionaire regardless. I know
your uncle’s not going to do it.
He’s doing great. He’s doing great. He’s got to take it easy
everybody. No, but people still ask me to this day was that whole
few with Jake how real or was it just for ratings? No, it was
all. It was real. The bigger feud was not the bigger feud was
not aired on the air. And right there was a second few. That’s
under that one was we signed an NDA. I’ll let you say the
operating agreement now. Yeah. It’s not easy. You know, success
is hard for a band, you know, and I think one of the things
I’ll say about this whole brouhaha and the you know, sax
and I having debates about how to run the pod is I think we
came to the right place. I you know, I look at the comments.
And I think I’ve become a better moderator. I think sacks, Jamal
Freeberg, you’ve all become great at passing the ball and
showing interest in each other’s points. And I feel like we’re
playing, you know, which is always my wish for this is that,
you know, we play this game as intellectually, honestly, and
crisply, and as well with as much discipline with as much
hard work as like, let’s say the Warriors do. And I really feel
like even in the last 10 episodes, we hit a high
watermark in the in the audience, and everybody I meet
tells me the same thing. My god, the guys just do a such a great
job. I’ll say one thing. One thing that makes it really hard.
I was I was with Chamath yesterday, as you guys know,
yeah, and secret mission. One thing I observed with Chamath is
no matter how much success or wealth Chamath has accumulated,
he is still a hustler. And I think that is true for all of
us. And individually and independently, we all still
hustle, we try and make things happen, we find things that
others aren’t doing, we push hard, grind, we grind, we
grind at 5am to the East Coast for a day. And I think all four
of us in the same are in the same vein. And that makes it
really hard for four personalities like that to work
together in a consistent way. And that underlies a lot of what
I think ultimately bubbles up to the surface with some of the
stuff. But, you know, we should be thankful that we can pull it
off, because it’s pretty, pretty awesome.
And can I say something nice about Jekyll? Here we go. So
it’s true that without Jekyll, this pod never would have
happened. You are the podcaster in this group, you’re the
skills, you make the pod very entertaining and funny. And so
like, frankly, even though you’re not as rich and smart as
the rest of us, you should stop feeling so insecure because you
really are the reason for this pod.
Alright, listen, let me give a compliment. Saks, you bring so
many great notes to the pod. And you are so eloquent, based on
what your team writes for you, ability to read that script, and
the amount of money you spend forming your opinions from
Tucker Carlson’s ex writing team is just extraordinary, bring so
much to the table. I can’t believe I ever wanted to replace
nobody’s gonna know who I was threatening to replace Saks with.
It was like literally like, we’re gonna replace this
Boys, have a wonderful holiday.
Have a great one. I love you besties. Okay, everybody. We’ll
see you all next week for 2022 predictions. I promise to you no
weeks off for the besties. I’m gonna be with you every Friday
night. Bye bye bye bye
know. Let your winners ride. Rain Man David
we open source it to the fans and they’ve just gone crazy with
it. Love you.
a dog taking a notice your driveway.
Oh man, my
we should all just get a room and just have one big huge orgy
because they’re all just like this like sexual tension that
they just need to release
what you’re about to be
waiting to get