I recently read an article about a man who identified AI stocks before the AI boom, highlighting the importance of information and insight. I believe AI is poised to enter a new phase, and I aim to position my $200k portfolio to capitalize on significant gains.
Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, ANSS, and LRCX, my advisor's guidance was invaluable.
People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I love it how on one side of the conversation they talk about …zero interest capital, tax breaks and loopholes, creating nothing burger bubbles that doesn’t reflect in the main economy crying for gov bailout SiliconValleyBank caugh caugh then say gov now interferes in free markets. On one hand they say it’s globalism that caused the dissatisfaction with the current system on the other they call for more H1Bs and GC for all foreign students 😂😂😂
In the beginning they aggreed that there will be massive layoffs in the $80k salary range but wonder later why the western world is turning socialist when profits go up and people are loosing their jobs. Who's salary went up the same way coffee and the stock market did? Edit: a functioning social system can only exist with controlled immigration.
@@Tonybanjaroo that's a serious accusation. What part of the podcast gave you that impression? ... and whome are you talking about since they have been voting very differently
I appreciate Chamath’s optimism but sadly I agree with Friedberg’s initial thesis, there is an increasing rise in socialist sentiment here in Australia, a country consistently committed to social safety nets and legacy of governing from the centre. It is because younger generations are feeling left behind, along with ‘loud’ left voices maximising on the opportunity to push concerning ‘leftist’ ideology for greater centralised planning which is basically greater government control, weaker individual rights.
Don't you think the current situation is failing us when so many people (Australian citizens) are homeless and yet we're continuing with high immigration?
@@sunidollfun Fixing housing is key. Under supply of land, slow approvals, higher fees and State Governments for years selling off huge on public housing, private market cannot cover. Critical skills shortage needs to be addressed (I am in the industry) if we have any chance of remaining the lucky country for the next generation.
Also, Sept CPI determines increase for SS. It always goes down in time to hurt the elderly and disabled. Many seem to forget that SS recipients paid into the system and were the middle class who did their job to support the US when they were the working class.
As someone that’s done everything they’re “supposed” to do and been priced out of every major middleclass milestone over the past few years, it drives me crazy when friedberg and jcal keep saying that the public if merely “perceiving” a bad economy
There is a structural disconnect between ownership and employees. Computers enabled this huge decoupling where the top doesn't even have to be in the same country to maintain a hold on the worker bees. Many people have the ability to decentralize and distribute computation, but structurally right now everyone is still having trouble shifting the paradigms from silos to shared interop. This is typified by incremental changes on a largely API-centric approach. Ironically, git has created a natural monopoly for src control because of its flexible decentralized approach that provides interop between both public and private spaces, i.e. "open repos" and "closed repos". No one (!) Has recognized the importance of this design. Incrementally people are kluging on top of it for git ops, even though the overall design is a mess. And the other "web3" camp is completely enamored with blockchains which are inherently narrow, inflexible and overly rigid. This structurally is hindering true distributed computation among humans, organizations and AIs. The breakthrough is understanding that there can be a data protocol that provides similar dynamics to git to where you can use timeline dsl cmds (e.g. clone, fork, merge, etc) to enable a hypergraph that enables a git-like collaboration paradigm with non-src, "semantic" data. This will enable true entrepreneurialism and all the various disconnected API silos can be broken down. The economy requires this structurally to scale out of its current quagmire.
It’s because they are all rich and have no contact with the poor and middle class, which is the vast majority of America, so they have no clue how bad people are hurting
Economy is great. For the rich. The middle class is fighting for survival, low income jobs went to illegal aliens. Job growth for born Americans is zero. Biden has not even reached the level of 2020. All net job growth since 2020 has gone to immigrants. The jobs are part-time and government jobs. In the big, blue cities, black workers are being replaced by illegal aliens and Trump is being called a "racist" for pointing this out.
Going into what is now perceived as mainly RINO territory, is albeit some kind of opportunity, it's difficult to see any REAL Liberty defending fruit to the American people in that situation?
I don't need a chart to know if the economy is bad - I just look at my bank accounts and see that I can't afford my groceries or much of my life anymore. 🤦♀️
By the way, I am about to turn 77 years old and I still LOVE running my small software company. I fear the idea of full retirement. I need a purpose to get up and start the day and lying on the beach sounds boring after an hour of it. I think the greatest challenge we face is finding productive and positive work, hobbies, vocations, that keep people feeling relevant and productive much longer than our current norms dictate. Producing something valuable, either commercially or personally is the single greatest contributor to a healthy attitude. Chamath's comments about relative deprivation are spot on and are the result of an insidious and intentional effort to create unrest and division and to usher in the one world order where everybody will ultimately have nothing.
@@saffyjanes8875 This might be the difference between (for example) a kid who's content to stare out the window and daydream all day, and a kid who heads straight for the library because the world is fascinating and they want to learn everything they can about it while they're able to. I don't think either kid does less living, and if that first kid is any kind of artist, that daydreaming is going to be extremely worthwhile to many people someday, but if you made those kids switch places, they'd both be miserable. Some people work in fields that speak to them, and they love what they do. Those people won't be happy just "sitting with themselves," any more than people who are genuinely happily married would be happier if they were single. I don't think there's anything hollow or lacking in self about that, personally.
Sachs hit the nail in the analysis of French results. Same thing happened in Indian elections too. It's 1 vs all the others combined, rigging of the candidates, cross voting etc. But it's democracy - all is fair and only results matter at the end of the day!
Ngl, i’m extremely impressed that he’s able to rationalize almost a supermajority of people preferring either lefty or center politics as a “right-wing plurality.” He just doesn’t wanna pay higher taxes dude. If you aren’t a hundred-millionaire or more, you’re literally better off just taxing the heck out of him to pay you and your buddies what you would be getting id Regan hadn’t decouples wage growth from inflation. If you are a hundred-millionaire though, then I respect the hustle. All these dumb poor people have no idea how bad you’re snookering them, and for that reason, they’re kinda asking for it.
No, These guys really need to learn about how bad Islamic stuff is there. Rape Jihad is real. Constant eve teasing. Governments are suppressing rape statistics (the breakdowns by categories). Everything is about rape jihad and the threat to social cohesion.
Chamath is just full of shit IMO. We should be appreciating what we could have, like many other developed countries. It's such an elitist thing to say from a guy deeply out of touch
@@saurabhchalke I actually think Chamath is usually the one that can best step back and see things as a non partisan objectivist, while also having a laugh. Friedberg is cool and level headed, although skilled at biting his tongue you typically can see the flaming lib in his eyes when sacks gets going. Edit: the chemistry of the bunch is lovely though and thats what makes it work.
You must not follow this podcast. They’ve said “the numbers say the economy is strong but I trust what the people are saying.” Also it doesn’t cost $100 for 5 things unless you’re buying 5 steaks.
Unemployment is the ‘reported’ , there are more not employed and not reported. The auto sales flat and retail store closures is from the administration mismanagement by the feds. Inflation is compounded not just month to month. What about the Saudi warning about the dumping of their EU bonds?
Exactly. Many drop off the unemployment rates when their benefits run out and they still aren't employed. The majority of "new" jobs are created by Gov which means crazy wages, benefits etc that are given to hand picked friends so to speak. It does nothing to help the average citizen except to sale them with more fed debt.
Exactly li am a french Canadian and i follow what is happening in France, Macron just play very dirty because he know that Marine Lepen is very popular
I'm not super familiar with the 2 round system, but isn't the 2nd round supposed to eliminate the low votes party by default and keep the two winners to be voted against each other? So it wouldn't be collusion between the 2nd and 3rd party, but just normal system ilimination? Also 1st round had only 40% ofpeople voting, vs 60% in the 2nd round. So the non-voting left got out to cast their vote in the 2nd round.
The interest goes to our past self basically, so we have already used that money. Government is getting loans from its future self to have the money now, and has to pay up at some point. Kinda similar to when a person tries to max out their credit card when they already struggle with money.
Social Security and Pensions. Smaller percentage goes to foreign debt: Japan China and UK being the top three holders of US debt. Japan owed 1 Trillion$
Funny thing is this is a replay of everything the media sells us: Biden is fine, we see he isn't. Covid is HUUUUGE, we see it as a power play and a flu virus. It's the same bs...over and over and over. If your eyes are open, this is nothing new.
@@tetrakoop the election is like "is biden old?" er yeah he's old, they are both old.. how about actual fkn poliicies? lol . not that they mean anything to the trump guy , he doesnt have much class which is shame to see cos america is like our big brother
Cutting rates is not a sign of a soft landing. Unemployment rising is not a sign of soft landing. The economy slowing is not a soft landing. I’m wrong, it is a soft landing - meaning, shit is going to hit the fan with unemployment and the economy VERY SOON (by late September)
The corruption of almost every aspect of this country by the lefties won’t allow a crash before the election. That would be stupid of them and hand a win to Trump.
Cutting rates is the fed admits there is no way out of a depression and to keep rich people and banks from losing their money they need to inflate all the numbers.
@@therJrep Shit hitting the fan would have been the soft landing, if we would have let everything crash during covid 4 years ago, we would have already been 3 years into a recovery. We are pulling off the bandaid too slowly only to realize that the wound is not healed.
"Jcal" as a physician, I can tell you that you are 100% wrong in saying that physician is ethically obligated to come forward here. Quite the opposite buddy. We put the patient's confidentiality above everything. Everything.
'Any doctor that is attempting to diagnose Hillary Clinton based on her behaviour in a video & has not recently thoroughly examined her should lose their license.' It's 2015 again!
People around the world, including France, aren't upset that rich people exist. Its how those rich people get rich, controlling the government, throwing large amount of money around without regard to the general public, lobbying to grant them exclusions regular people wouldn't get.
Most wealthy people are not wealthy due to some nefarious reason. Demonizing wealth is a feature of socialist propaganda. In high tax countries, government workers and politicians become wealthy through theft(taxation).
I’m a devoted listener of the all-in podcast for everything it brings to the democratization and awareness of international economical and political knowledge. I’m French and lived in the US. David Sacks demonstrates his far right leanings even when a sovereign country openly rejects radical far right politics with their votes. David Sacks is so wrong about his understanding of French elections and politics that I do not know where to begin. In short, the far right is around 1/3 of French popular votes. How is that a majority? The French people could have voted for each of the 501 RN candidates of the Far Right. They did NOT. They voluntary chose to align with the Republican Front (cordon sanitaire).
What French culture? Smoking cigarettes and a low / non-existent age of consent? That’s what you want to save? Stop taking yourselves so seriously. Also the food is highly overrated, Italian is way better.
@@MrDeepseadweller It's not just France. Every country in Europe has been swamped by traitorous leaders. Any sane objections are shouted down with cries of "racist".
@@MrDeepseadweller It's the whole of Western Europe that's getting swamped. Basically anywhere that offers handouts for young men with no interest in working.
Love the pod! Wait all week. You all have taught me a lot. Tech, business, economy, politics, science…. But mostly how to have a good time with friends who may not all agree. laissez le bon temps rouler.
Yes, because it isn't going to be affordable, and even when they do, you will have to wait a good 2 - 4 years, before they can REALLY be sold off, but it would have to be at a substantial loss. It would be closely similar to how Microsoft had to sell their Xbox Series X Consoles, at such a loss, even with all of that newer technology in their Xbox Series X Consoles, THAT HAD a disc drive installed as well.
It's hilarious hearing Americans talk about other countries elections - Labour winning in the UK isn't a sign of socialism growing 🤣They have pretty much the exact same policies as the Conservatives. Chamath is right - it is more of a rejection of the incumbent...after 14 years the Conservatives time was up. Labour also only got 33.9% of the vote share...they got 40% in 2017.
stamer is a socialist and labour have socialist policies... way more thanis public because theres little money to actually change things and they keep accurate books. but change and looking after the working class is exactly what the uk public want. in fact it was change they wanted before brexit and made the mistake of using that brexit as the change cos were misled by the tory led media. so for many of us it is totally a desire for more socially minded politics and levelling up more
The election results in the UK are definitely not considered unstable with the largest majority in decades being achieved by the the Labour party. We do not operate the Super Majority system. A majority of 1 us sufficient to pass legislation. The newly incumbent left wing Labour Party has a majority of 172 seats.
Friedberg is very intelligent for business and science, but extremely naive on politics. Capability in one domain doesn't guarantee the same in other. Politics is a whole different beast. Sacks is the most fluent and invested in that one.
The National Rally sounds like common sense conservativism to me. I wouldn't even call it Far Right. Used to be, but they've changed, and young French are neither racist nor Fascist; they just want sensible change.
I fear there is going to be a harder landing than expected. John Deere announced 1000 lay off, automotive inventories are more than robust, Midwest agriculture equipment dealers are overstocked, lawn and garden tractors, UTV's, boats not moving. An established Ag dealer (70 years of family sales) last month did not sell one new item out of all product lines - never happened before. I am hoping for the best, preparing for a bumpy ride.
Try living on a fixed income in this economy. I had a little left over under Trump. Barely surviving today. Everything is Higher. Groceries, Gas, Insurance, Power Everything! Forget a $12k dental emergency. It could always be worse, like another 4yrs w/Biden. He’s NOT Quitting!! They’ll have to 25th him.
Trump's position in abortion and reproductive rights has not changed. It has been the same since when he ran in 2016. What has changed is his stance on cryptocurrency. After delving more about crypto with trusted subject matter experts, he is now supportive of crypto. He wants the US to lead in everything.
Sachs trying to twist the French election results in some sort of trumpist conspiracy is just blatant ignorance, it's quite usual tradition of french cordon sanitair and happened during multiple previous elections, every time this kind of triplets happend during the second round, in fact most of the time the second round has only 2 viable candidates anyway
The classical liberals of earlier times are the "far-right" of today. I've been called a "far-right extremist", a "fascist", and even a mindless disciple of the Trump cult on X/Twitter and FB. In truth, I was a liberal until a few years ago, and an opponent of Trump in 2016. The reaction of the left to Trump's candidacy and election victory shocked me. In 2020, I had to experience how the Democrats rigged the election. This was my red-pill moment. To support a secure border and legal immigration is far-right. To support first-term abortions but not abortions until the moment of birth is far-right. To want a color-neutral society and equal opportunity for everyone is far-right. To support free speech and oppose censorship is far-right. To oppose biological men competing in women's sports is far-right. ...
The funny thing is that you can't have a functioning social system without controlled immigration.... so you first need the right to close the border so the socialist then can have a functioning social system..... or the right is actually going to take care of the working class.
Tech is doing what it always does, it overbuilds a new toy before anybody knows how to play with it. It's a field of dreams feedback loop which works for baseball because there are sense memories and familiarity attached. Tech is always akin to extraterrestrials. Main-street wallflowers parsing fear and curiosity. so value investing in hardware that is still evolving mid air is like trying to catch a falling knife unless you travel on an inside lane. froth is frothy...
You see other press car acts around her watch, Charlie treat trumps correspondent pay and she couldn’t be worse at her job, and they actually treat her with respect. The woman says nothing. I could go up there and tell her more about the country, the world in the White House then she tells the press corps DEI didn’t earn it. She checked all three boxes.
Where are folks getting $1T in AI infrastructure spend? Nvidia made $45B in data center rev last year. There's a chance they can make $130B in data center revenue this year. So in the most bullish scenario, NVDA GPU sales over the last two years is $175B, globally. That's nowhere near $1T or $600B or whatever inane spend these guys are talking about. The real estate and energy components of the build out is relatively small compared to the chips. Also folks forget a large portion of the AI spend is for military and sovereign AI projects. Those don't have immediate return requirements.
They approximate the opex (power and datacenter) to be about the same as the gpu costs. And then they assume that the cloud provider needs to charge at least 2x to get a 50% margin, which is fair (still need to pay for your employees to run the cloud business). At 24:30, slide shows nvidia is estimated to have 150B ARR in Q4 of 2024, so 150B * 2 (to account for datacenter + power) * 2 (for the 50% margin) = 600B of revenue required. The main flaw with this calculation is that only part of the power + opex is recurring (ie, the hardware plus installation costs are done once). But they discuss in the podcast that it's unknown how long this hardware will be useful. The worst case for the cloud providers is that the next generation of chips in two years is so much more advanced that everyone wants those chips.
France, UK, India - huge economic (and growing) gaps (due to crony capitalism and corrupt politicians) that's wiping out the middle class and growing disparities is the underlying issue. Growing food insecurity, homelessness/unstable housing, inability to get a job with a degree, etc are all the realities on the ground. Cultural integration is the goal. Not assimilation.
I'm from India. there was a discussion about BJP not getting majority, which is true. But, the parties they collaborated with are very supportive and I doubt we go into socialism mode. Infact, it's going to be status quo on economic policies are concerned with a projected fiscal deficit down to 4% almost in the next one year, including a growth rate of 6-8% and inflation is broadly in control. Infact, we maccro economic wise, were never been good.
This used to be one of the great podcasts with arguments about issues, and diverse view points about a lot of different tech topics but has slowly morphed into a monotone mainstream politics show featuring primarily David Sacks who regurgitates the populist right talking points ad nauseam. The format has changed from a discussion among friends (who I like and seem to be cool guys), to basically Sacks campaigning for his clear and open political aspirations. This is not a criticism of Sacks’ actual point of view (because I often agree), but a criticism of the show, which used to be 4 successful friends talking and arguing and is now essentially a political show for grandstanding one overwhelmingly clear mainstream political point of view. If their goal is just to amass as many listeners as possible, this probably will work to gather up a large amount of conservative listeners who like an echo chamber. But for those of us who are just sick of the endless politically polarized news cycle, this really sucks. If I wanted that I’d just turn on Fox, CNN, MSNBC, Newsmax etc. I guess even the rich sell out for clicks.
This is not the first time France's left & centrist parties did this horse trading to thwart a far right take over. The majority of the french constituencies have three options in their elections, which splits the electorate all which ways over a plethora of nuanced topics. The right first tried to hack the election by putting forward a young candidate that was very active on TikTok and effectively persuading the youth to vote for them. This is why they were successful in the first round, due to the unprecedented voter turnout, largely because of the influence of a polarising hard right anti-inmigration message being spoon fed and sugar coated to a portion of the population who on regular circumstances don't give a flying french "faut" about the local government elections (equivalent to the American midterms). So the left reacted to the threat of losing power by putting aside whatever differences that they had and gave the populace a dichotomous vote for either the left or right. To which democracy complied and responded.
It goes to show that that the immigrant takeover of a formerly European country is anything but guaranteed everytine White guilt party #1 combines with white guilt party #2 to defeat those that defend Europeans and gets to label them “far right” without being checked.
The Biden discussion about the press is excellent, however please be consistent, Apply the same standards of telling the truth , does Trump lie incessantly ?
Worth hearing: Soft landing + France election + 5minutes of Biden. The rest was wasteful. You're all brilliant people. Talk about science, companies, ideas, not politics.
The problem with inflation is that the effect compounds. Even when the rate falls that means nothing to consumers who are paying higher prices that don't fall.
Sacks should remember that the other French people who didn’t vote for the right wing politician also wants to live in a certain type of France of their choice that those other left wing parties represent and they have that right too. Who wins out of them wins. That’s how their democracy is set up. We shouldn’t undermine other people’s democracy or views. If you think x reform is good and the majority of those who vote don’t, respect that and vice versa.
Chamath definitely has a good point, only a several companies have seen a upturn and just recently the tech sector has seen a sudden volatile downturn.. translate this to the emerging most important innovative market is going down.. This is definitely a bad sign for the general economy and its going to take a more conservative turn. This isnt a growth market anymore even when people want it to be and reality is starting to hit the market.
Sachs is spot on regarding his analysis of the french legislatives elections results. It's exactly what happened, political calculations at its finest, nothing more, nothing less. I live in france by the way.
I’m glad I found this podcast. You guys are clearly brilliant. That said as someone who runs datacenter infrastructure you all are a bit too abstracted from what these things work and how they upgrade cycle etc. One interesting thing I’d just point out. I bought a couple small GPU hosts, small 2U boxes with a pair of H100’s (they are about 30k per card) those cards aren’t actually all that huge. They are basically very large video cards without a video port output.
The problem with mass illegal immigration especially from Islamic countries is that these people don't integrate and in many cases actually despise the culture of the country they have adopted as their home... there is no strength in just having a diverse population.. the strength of any country is in its cultural/social identity.. The strength is in unity... you can have diversity as long as you have unity... Its happening way to quickly to form any kind of unity between all these different cultures.
I recently read an article about a man who identified AI stocks before the AI boom, highlighting the importance of information and insight. I believe AI is poised to enter a new phase, and I aim to position my $200k portfolio to capitalize on significant gains.
Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, ANSS, and LRCX, my advisor's guidance was invaluable.
People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
Could you kindly elaborate on the advisor's background and qualifications?
Just research the name Sharon Ann Meny. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
The system doesnt feel rigged. It is rigged.
I love it how on one side of the conversation they talk about …zero interest capital, tax breaks and loopholes, creating nothing burger bubbles that doesn’t reflect in the main economy crying for gov bailout SiliconValleyBank caugh caugh then say gov now interferes in free markets. On one hand they say it’s globalism that caused the dissatisfaction with the current system on the other they call for more H1Bs and GC for all foreign students 😂😂😂
In the beginning they aggreed that there will be massive layoffs in the $80k salary range but wonder later why the western world is turning socialist when profits go up and people are loosing their jobs.
Who's salary went up the same way coffee and the stock market did?
Edit: a functioning social system can only exist with controlled immigration.
It’s the propaganda media. It’s a Truman show.
Love these guys, but they are a part of it. Voting not based on what's best for the country, but their own net worth.
@@Tonybanjaroo that's a serious accusation. What part of the podcast gave you that impression? ... and whome are you talking about since they have been voting very differently
I appreciate Chamath’s optimism but sadly I agree with Friedberg’s initial thesis, there is an increasing rise in socialist sentiment here in Australia, a country consistently committed to social safety nets and legacy of governing from the centre. It is because younger generations are feeling left behind, along with ‘loud’ left voices maximising on the opportunity to push concerning ‘leftist’ ideology for greater centralised planning which is basically greater government control, weaker individual rights.
Don't you think the current situation is failing us when so many people (Australian citizens) are homeless and yet we're continuing with high immigration?
PS I'm not a socialist but I do feel disappointed in the current situation.
@@sunidollfun Fixing housing is key. Under supply of land, slow approvals, higher fees and State Governments for years selling off huge on public housing, private market cannot cover. Critical skills shortage needs to be addressed (I am in the industry) if we have any chance of remaining the lucky country for the next generation.
I've definitely noticed the same thing, esp. in the last 5-10 years. Unfortunately, socialism will always be seductive to the young and naive.
No. It's because they've never felt a true lust for life. The globalist daycare has won
CPI dropped because they took 'coffee' out of the numbers...... Manipulated.
Lol. Buy coffee and make it at home. Easy fix
I added coffee to the formula and ended up with 4.2 CPI
Also, Sept CPI determines increase for SS. It always goes down in time to hurt the elderly and disabled. Many seem to forget that SS recipients paid into the system and were the middle class who did their job to support the US when they were the working class.
@@jordangaudio6729 I think you have missed the point.
The Biden Admin has to cook the data differently with each no dataset to make things look better than they are.
As someone that’s done everything they’re “supposed” to do and been priced out of every major middleclass milestone over the past few years, it drives me crazy when friedberg and jcal keep saying that the public if merely “perceiving” a bad economy
👍
There is a structural disconnect between ownership and employees. Computers enabled this huge decoupling where the top doesn't even have to be in the same country to maintain a hold on the worker bees.
Many people have the ability to decentralize and distribute computation, but structurally right now everyone is still having trouble shifting the paradigms from silos to shared interop. This is typified by incremental changes on a largely API-centric approach. Ironically, git has created a natural monopoly for src control because of its flexible decentralized approach that provides interop between both public and private spaces, i.e. "open repos" and "closed repos". No one (!) Has recognized the importance of this design. Incrementally people are kluging on top of it for git ops, even though the overall design is a mess. And the other "web3" camp is completely enamored with blockchains which are inherently narrow, inflexible and overly rigid.
This structurally is hindering true distributed computation among humans, organizations and AIs.
The breakthrough is understanding that there can be a data protocol that provides similar dynamics to git to where you can use timeline dsl cmds (e.g. clone, fork, merge, etc) to enable a hypergraph that enables a git-like collaboration paradigm with non-src, "semantic" data. This will enable true entrepreneurialism and all the various disconnected API silos can be broken down. The economy requires this structurally to scale out of its current quagmire.
It's extremely insulting when they say that.
Chamath "Just be happy with what you have" Palihapitiya
It’s because they are all rich and have no contact with the poor and middle class, which is the vast majority of America, so they have no clue how bad people are hurting
how the economy can be good when the prices are up 40-100% and the wages are pretty much the same?
Economy is great. For the rich. The middle class is fighting for survival, low income jobs went to illegal aliens.
Job growth for born Americans is zero. Biden has not even reached the level of 2020. All net job growth since 2020 has gone to immigrants. The jobs are part-time and government jobs. In the big, blue cities, black workers are being replaced by illegal aliens and Trump is being called a "racist" for pointing this out.
by "economy" they seem to very narrowly mean their a net worths and those like them.
That is the point! Wages stay flat, but costs and profits go way up. Great for all the biggest corporations.
'relative' the most of europe and other wealthy countries right now
@@Dave-cf4vd worse, wages coming down now at least for tech workers, so we all kinda went double poor
Sacks is by far the smartest and most articulate when it comes to politics. Friedberg is the scientist, and Chamath is the salesman
Chanath sounds more eloquent than a salesman, he’s great at articulating thoughts
Let me guess, he has the same views as you? Lmao
Chamath is really the OG
🎯
@@khindani confirmation bias is a hell of a drug 🤣
Yay! David Sachs is speaking at RNC next week! Congratulations David Sachs and RNC!
No way!!!
Going into what is now perceived as mainly RINO territory, is albeit some kind of opportunity, it's difficult to see any REAL Liberty defending fruit to the American people in that situation?
@@patricial-tomsic5347is this English?
Awesome!!!!
Wealthy center leftists going wherever the wind blows to influence policy < We the people
I don't need a chart to know if the economy is bad - I just look at my bank accounts and see that I can't afford my groceries or much of my life anymore. 🤦♀️
Don't worry. The TV box says we are going to be okay, so I trust the TV box. Just keep paying your taxes and taking your v-xes
In the richest country you don't know how to make more $$$. Then you shouldn't be watching a podcast of four billionaires!!!
Your bank account != the economy for 340 million people
By the way, I am about to turn 77 years old and I still LOVE running my small software company. I fear the idea of full retirement. I need a purpose to get up and start the day and lying on the beach sounds boring after an hour of it. I think the greatest challenge we face is finding productive and positive work, hobbies, vocations, that keep people feeling relevant and productive much longer than our current norms dictate. Producing something valuable, either commercially or personally is the single greatest contributor to a healthy attitude. Chamath's comments about relative deprivation are spot on and are the result of an insidious and intentional effort to create unrest and division and to usher in the one world order where everybody will ultimately have nothing.
@@saffyjanes8875 This might be the difference between (for example) a kid who's content to stare out the window and daydream all day, and a kid who heads straight for the library because the world is fascinating and they want to learn everything they can about it while they're able to. I don't think either kid does less living, and if that first kid is any kind of artist, that daydreaming is going to be extremely worthwhile to many people someday, but if you made those kids switch places, they'd both be miserable. Some people work in fields that speak to them, and they love what they do. Those people won't be happy just "sitting with themselves," any more than people who are genuinely happily married would be happier if they were single. I don't think there's anything hollow or lacking in self about that, personally.
How can anyone discuss 2 & 3% inflation as if those are real numbers??
Groceries have nearly doubled in price
@@goober123cool let's blame the president instead of the grocery store owners!
in a capitalist society, you can count on the grocers to have you back.
Yeah, doesn’t make any sense to me. Those numbers are fake. They don’t include any of the main things hurting the American people in their data sets.
@@tetrakoop we’re talking about the illegitimacy of CPI numbers… reported by the government…
@@goober123cool and every other financial institure in the world. go live in london or paris and then cry about the prices :)
Sachs hit the nail in the analysis of French results. Same thing happened in Indian elections too. It's 1 vs all the others combined, rigging of the candidates, cross voting etc. But it's democracy - all is fair and only results matter at the end of the day!
If that one scares the others enough to combine to beat them, why stop them? seems more like a feature than a bug.
Ngl, i’m extremely impressed that he’s able to rationalize almost a supermajority of people preferring either lefty or center politics as a “right-wing plurality.”
He just doesn’t wanna pay higher taxes dude. If you aren’t a hundred-millionaire or more, you’re literally better off just taxing the heck out of him to pay you and your buddies what you would be getting id Regan hadn’t decouples wage growth from inflation.
If you are a hundred-millionaire though, then I respect the hustle. All these dumb poor people have no idea how bad you’re snookering them, and for that reason, they’re kinda asking for it.
Same happened when biden beat Bernie in the primary
That's where democracy fails and why America is not a pure democracy
No, These guys really need to learn about how bad Islamic stuff is there. Rape Jihad is real. Constant eve teasing. Governments are suppressing rape statistics (the breakdowns by categories).
Everything is about rape jihad and the threat to social cohesion.
$1 trillion added to the debt every 100 days, $2 trillion + deficits in perpetuity…. Our economy is going to collapse
Chamath made a really profound comment to me. We as a society should just slow down and appreciate what we have. That really struck me.
Chamath is just full of shit IMO. We should be appreciating what we could have, like many other developed countries. It's such an elitist thing to say from a guy deeply out of touch
@@jakep9012
Maybe yay should appreciate what you have. Most things are relative.
Friedberg silently dipping out early is so Friedberg
The podcast would devolve into radical politics if not for him
We havent had a science corner in a while
@@saurabhchalke I actually think Chamath is usually the one that can best step back and see things as a non partisan objectivist, while also having a laugh. Friedberg is cool and level headed, although skilled at biting his tongue you typically can see the flaming lib in his eyes when sacks gets going. Edit: the chemistry of the bunch is lovely though and thats what makes it work.
The Irish 'goodbye.' I love it.
@@saurabhchalke ballsachs prob have a number 44 badge on :)
When I hear billionaires say the economy is good I feel sick.
When it cost $100 for 5 things at the grocery store the economy is dog shit.
It's good for them. They've never made so much money as during covid, while the rest of us got poorer
You must not follow this podcast. They’ve said “the numbers say the economy is strong but I trust what the people are saying.” Also it doesn’t cost $100 for 5 things unless you’re buying 5 steaks.
@@ImATeapot_418 $100 for 5 steaks is insane
@@GarethReecewoodall that free PPE money! I’ll but money each of these host took some…
Unemployment is the ‘reported’ , there are more not employed and not reported. The auto sales flat and retail store closures is from the administration mismanagement by the feds. Inflation is compounded not just month to month.
What about the Saudi warning about the dumping of their EU bonds?
Exactly. Many drop off the unemployment rates when their benefits run out and they still aren't employed. The majority of "new" jobs are created by Gov which means crazy wages, benefits etc that are given to hand picked friends so to speak. It does nothing to help the average citizen except to sale them with more fed debt.
@@oldschool8292 🙋🏽♂️I’m one after 38 straight years.
As a European I 100% agree with Sacks on France.
Exactly li am a french Canadian and i follow what is happening in France, Macron just play very dirty because he know that Marine Lepen is very popular
I'm not super familiar with the 2 round system, but isn't the 2nd round supposed to eliminate the low votes party by default and keep the two winners to be voted against each other? So it wouldn't be collusion between the 2nd and 3rd party, but just normal system ilimination? Also 1st round had only 40% ofpeople voting, vs 60% in the 2nd round. So the non-voting left got out to cast their vote in the 2nd round.
Groceries are up like 200-400% not 30%. I don’t even know how they do these calculations
You think they have been in a grocery store? They have assistants that do the life part of life while they play.
We pay a TRILLION PER YEAR IN INTEREST and Nobody asks where that money goes?
We are watching the worlds greatest heist occur.
The interest goes to our past self basically, so we have already used that money. Government is getting loans from its future self to have the money now, and has to pay up at some point. Kinda similar to when a person tries to max out their credit card when they already struggle with money.
We are all screwed. No one knows how to steer the ship.
@@RomeoTheOptimist you are talking about the principal. the interest goes to banks&debt/bond-holders so also no heist no idea what he is talking about
@@singular9RFK Jr does. Time to get rid of the 2 party system and actually do something that will help the average citizen.
Social Security and Pensions. Smaller percentage goes to foreign debt: Japan China and UK being the top three holders of US debt. Japan owed 1 Trillion$
Biden welcomed Putin instead of Zelensky to the NATO summit, and in the Big Boy Meeting he mentioned Trump as VP.
😢 so embarrassing
Funny thing is this is a replay of everything the media sells us: Biden is fine, we see he isn't. Covid is HUUUUGE, we see it as a power play and a flu virus. It's the same bs...over and over and over. If your eyes are open, this is nothing new.
😊 49:09 @@bperez8656
i mean messing up names is so much worse than raping 11 and 13 year olds.
@@tetrakoop the election is like "is biden old?" er yeah he's old, they are both old.. how about actual fkn poliicies? lol . not that they mean anything to the trump guy , he doesnt have much class which is shame to see cos america is like our big brother
When you look at the French election, that gives you the Good reason for our Electoral College to prevent what Macron did.
no take money out of your politics and you might be getting somewhere
@@SammyC27how is that achieved and how does it play out?
Let me guess, your super right wing and lost and are but hurt
The electoral college enable exactly that with much less effort. How many times someone became president while losing the popular vote?
Also you have been in a 2 way stale mate for the last 24 years. Noone ever has mayority they cant make real changes on policy.
Groceries are still high the Fed keeps printing money. Inflation will be here to stay.
The fed is not printing money. Tell me you know nothing without telling me you know nothing
@@willg4289 money printing to help war gets paid to military contractors and flooding the US with dollars. Which equals inflation. Do your homework.
@@cesar.hcr.55 mixing fiscal and monetary policy
melting up people thinking they're getting "richer", clown show
@@willg4289 Where is the money coming from? The government spends more money than it takes in and has a $34 trillion dollar debt.
Cutting rates is not a sign of a soft landing. Unemployment rising is not a sign of soft landing. The economy slowing is not a soft landing. I’m wrong, it is a soft landing - meaning, shit is going to hit the fan with unemployment and the economy VERY SOON (by late September)
The corruption of almost every aspect of this country by the lefties won’t allow a crash before the election. That would be stupid of them and hand a win to Trump.
Rates are not going back to where they were, they will eventually normalise to a slightly lower level.
Soft landing means the fed did their job successfully. Shit hitting the fan would be a hard landing?
Cutting rates is the fed admits there is no way out of a depression and to keep rich people and banks from losing their money they need to inflate all the numbers.
@@therJrep Shit hitting the fan would have been the soft landing, if we would have let everything crash during covid 4 years ago, we would have already been 3 years into a recovery. We are pulling off the bandaid too slowly only to realize that the wound is not healed.
Sachs speaking at the RNC 🔥 🔥🔥
"Jcal" as a physician, I can tell you that you are 100% wrong in saying that physician is ethically obligated to come forward here. Quite the opposite buddy. We put the patient's confidentiality above everything. Everything.
'Any doctor that is attempting to diagnose Hillary Clinton based on her behaviour in a video & has not recently thoroughly examined her should lose their license.'
It's 2015 again!
People around the world, including France, aren't upset that rich people exist.
Its how those rich people get rich, controlling the government, throwing large amount of money around without regard to the general public, lobbying to grant them exclusions regular people wouldn't get.
Most wealthy people are not wealthy due to some nefarious reason. Demonizing wealth is a feature of socialist propaganda. In high tax countries, government workers and politicians become wealthy through theft(taxation).
Best summary I’ve heard in a while. Sachs just doesn’t get it.
👍
I’m a devoted listener of the all-in podcast for everything it brings to the democratization and awareness of international economical and political knowledge. I’m French and lived in the US.
David Sacks demonstrates his far right leanings even when a sovereign country openly rejects radical far right politics with their votes.
David Sacks is so wrong about his understanding of French elections and politics that I do not know where to begin.
In short, the far right is around 1/3 of French popular votes. How is that a majority?
The French people could have voted for each of the 501 RN candidates of the Far Right. They did NOT. They voluntary chose to align with the Republican Front (cordon sanitaire).
That was probably the last chance to save French culture.
No, The last chance has gone already with Macron rigging this latest election! Everything being burnt down now.
What French culture? Smoking cigarettes and a low / non-existent age of consent? That’s what you want to save? Stop taking yourselves so seriously. Also the food is highly overrated, Italian is way better.
@@ezyryder11 Better that than hanging around harassing women, and claiming benefits.
@@MrDeepseadweller It's not just France. Every country in Europe has been swamped by traitorous leaders. Any sane objections are shouted down with cries of "racist".
@@MrDeepseadweller It's the whole of Western Europe that's getting swamped. Basically anywhere that offers handouts for young men with no interest in working.
Love the pod! Wait all week. You all have taught me a lot. Tech, business, economy, politics, science…. But mostly how to have a good time with friends who may not all agree.
laissez le bon temps rouler.
So true! You nailed it. Much respect to these guys.
Sad thing is that all of these GPUs will all be obsolete in short order
Yes, because it isn't going to be affordable, and even when they do, you will have to wait a good 2 - 4 years, before they can REALLY be sold off, but it would have to be at a substantial loss.
It would be closely similar to how Microsoft had to sell their Xbox Series X Consoles, at such a loss, even with all of that newer technology in their Xbox Series X Consoles, THAT HAD a disc drive installed as well.
Cough intel…. Cough.. gonna undercut the whole market
Blackwell coming soon
Very funny seeing Jason saying that Biden wasn't like this in 2020.
Ask Julian Assange about whistleblowing in the USA
When people say money don’t buy happiness, look at these guys they sure are a happy bunch 😊
It's hilarious hearing Americans talk about other countries elections - Labour winning in the UK isn't a sign of socialism growing 🤣They have pretty much the exact same policies as the Conservatives. Chamath is right - it is more of a rejection of the incumbent...after 14 years the Conservatives time was up. Labour also only got 33.9% of the vote share...they got 40% in 2017.
@@saffyjanes8875 90% tax on any income is exactly socialism
Americans think tap water comes from Jesus. You can't expect them to grasp the political system of a country that isn't Murica
stamer is a socialist and labour have socialist policies... way more thanis public because theres little money to actually change things and they keep accurate books. but change and looking after the working class is exactly what the uk public want. in fact it was change they wanted before brexit and made the mistake of using that brexit as the change cos were misled by the tory led media. so for many of us it is totally a desire for more socially minded politics and levelling up more
@PazLeBon Starmer is more right wing than Tony Blair
@@GarethReecewood the guys a scholar of communism and socialism which is pretty left
The election results in the UK are definitely not considered unstable with the largest majority in decades being achieved by the the Labour party. We do not operate the Super Majority system. A majority of 1 us sufficient to pass legislation. The newly incumbent left wing Labour Party has a majority of 172 seats.
I am so happy I found this podcast !! You guys are great together spot on so many topics. David look forward to seeing you on air next week!
Friedberg is very intelligent for business and science, but extremely naive on politics. Capability in one domain doesn't guarantee the same in other. Politics is a whole different beast. Sacks is the most fluent and invested in that one.
Grateful to all of you for intelligent, relevant, informative discussions...on every subject.
America should be proud.
The outlets where the poor shop are going down.
HARD LANDING FOR THE POOR!
Absolutely!
The National Rally sounds like common sense conservativism to me. I wouldn't even call it Far Right. Used to be, but they've changed, and young French are neither racist nor Fascist; they just want sensible change.
I’m newer to “ALL IN”.
You all do a phenomenal job!!
Content, delivery, aesthetics are A++
Thank you
I fear there is going to be a harder landing than expected. John Deere announced 1000 lay off, automotive inventories are more than robust, Midwest agriculture equipment dealers are overstocked, lawn and garden tractors, UTV's, boats not moving. An established Ag dealer (70 years of family sales) last month did not sell one new item out of all product lines - never happened before. I am hoping for the best, preparing for a bumpy ride.
Try living on a fixed income in this economy. I had a little left over under Trump. Barely surviving today. Everything is Higher. Groceries, Gas, Insurance, Power Everything! Forget a $12k dental emergency. It could always be worse, like another 4yrs w/Biden. He’s NOT Quitting!! They’ll have to 25th him.
Chamath "Just be happy with what you have" Palihapitiya
Trump's position in abortion and reproductive rights has not changed. It has been the same since when he ran in 2016. What has changed is his stance on cryptocurrency. After delving more about crypto with trusted subject matter experts, he is now supportive of crypto. He wants the US to lead in everything.
Sachs trying to twist the French election results in some sort of trumpist conspiracy is just blatant ignorance, it's quite usual tradition of french cordon sanitair and happened during multiple previous elections, every time this kind of triplets happend during the second round, in fact most of the time the second round has only 2 viable candidates anyway
The only criticism I have I wish you guys make more episodes! Love It! ❤
Ppl who cheer on Friedberg are the same ppl who will still vote for Biden.
Huh? I love Friedberg and won't be voting for Biden.
1:22:25 “The only thing in this world that gives orders is balls!”🤭FACTS!
LOVE David Sacks!
I guess I can scratch “David Sacks Hawk Tuah ‘24” hat off my bingo card now?
I appreciate you guys. Your podcast has the best perspective. You all give me hope for our future.
The Meloni government in Italy is also a shift to the right! 🇮🇹
The classical liberals of earlier times are the "far-right" of today. I've been called a "far-right extremist", a "fascist", and even a mindless disciple of the Trump cult on X/Twitter and FB.
In truth, I was a liberal until a few years ago, and an opponent of Trump in 2016. The reaction of the left to Trump's candidacy and election victory shocked me. In 2020, I had to experience how the Democrats rigged the election. This was my red-pill moment.
To support a secure border and legal immigration is far-right.
To support first-term abortions but not abortions until the moment of birth is far-right.
To want a color-neutral society and equal opportunity for everyone is far-right.
To support free speech and oppose censorship is far-right.
To oppose biological men competing in women's sports is far-right.
...
I support the right shifting moves that INCLUDE standing up to Putin.
Meloni is one of my favorites
Shes a liar
The funny thing is that you can't have a functioning social system without controlled immigration.... so you first need the right to close the border so the socialist then can have a functioning social system..... or the right is actually going to take care of the working class.
A shift to the right, yes. But not "far right" as the media went out of its way to try and portray.
Hawk tuah gems were perfection this episode....chefs kiss
Tech is doing what it always does, it overbuilds a new toy before anybody knows how to play with it. It's a field of dreams feedback loop which works for baseball because there are sense memories and familiarity attached. Tech is always akin to extraterrestrials. Main-street wallflowers parsing fear and curiosity. so value investing in hardware that is still evolving mid air is like trying to catch a falling knife unless you travel on an inside lane. froth is frothy...
You guys should create a clips channel to create videos of the isolated segments of your weekly show.
You see other press car acts around her watch, Charlie treat trumps correspondent pay and she couldn’t be worse at her job, and they actually treat her with respect. The woman says nothing. I could go up there and tell her more about the country, the world in the White House then she tells the press corps DEI didn’t earn it. She checked all three boxes.
Sacks is the most accurate on what is happening in France. You guys should talk about Canada who is realy turning conservative
Where are folks getting $1T in AI infrastructure spend?
Nvidia made $45B in data center rev last year.
There's a chance they can make $130B in data center revenue this year.
So in the most bullish scenario, NVDA GPU sales over the last two years is $175B, globally.
That's nowhere near $1T or $600B or whatever inane spend these guys are talking about.
The real estate and energy components of the build out is relatively small compared to the chips.
Also folks forget a large portion of the AI spend is for military and sovereign AI projects. Those don't have immediate return requirements.
Various 3p research
They approximate the opex (power and datacenter) to be about the same as the gpu costs. And then they assume that the cloud provider needs to charge at least 2x to get a 50% margin, which is fair (still need to pay for your employees to run the cloud business). At 24:30, slide shows nvidia is estimated to have 150B ARR in Q4 of 2024, so 150B * 2 (to account for datacenter + power) * 2 (for the 50% margin) = 600B of revenue required. The main flaw with this calculation is that only part of the power + opex is recurring (ie, the hardware plus installation costs are done once). But they discuss in the podcast that it's unknown how long this hardware will be useful. The worst case for the cloud providers is that the next generation of chips in two years is so much more advanced that everyone wants those chips.
J Cal with the Jay Z - Takeover reference is incredible. I’ll bet 1% or less of the audience caught that.
The Hawk Tuah whistleblower was absolutely hilarious 🤣
Chamath nailed it with that envy-culture assessment.
Sacks is based 🔥
Stay safe at the RNC Sacks. What happened today is just appalling. ❤🇺🇲 You guys rock. 👍
France, UK, India - huge economic (and growing) gaps (due to crony capitalism and corrupt politicians) that's wiping out the middle class and growing disparities is the underlying issue. Growing food insecurity, homelessness/unstable housing, inability to get a job with a degree, etc are all the realities on the ground.
Cultural integration is the goal. Not assimilation.
Yeah sure you know what you're talking about lmao
@@vimal-cliobconsulting I work in the nonprofit sector that serves the low income and underserved population.
I'm from India. there was a discussion about BJP not getting majority, which is true. But, the parties they collaborated with are very supportive and I doubt we go into socialism mode. Infact, it's going to be status quo on economic policies are concerned with a projected fiscal deficit down to 4% almost in the next one year, including a growth rate of 6-8% and inflation is broadly in control.
Infact, we maccro economic wise, were never been good.
This used to be one of the great podcasts with arguments about issues, and diverse view points about a lot of different tech topics but has slowly morphed into a monotone mainstream politics show featuring primarily David Sacks who regurgitates the populist right talking points ad nauseam.
The format has changed from a discussion among friends (who I like and seem to be cool guys), to basically Sacks campaigning for his clear and open political aspirations.
This is not a criticism of Sacks’ actual point of view (because I often agree), but a criticism of the show, which used to be 4 successful friends talking and arguing and is now essentially a political show for grandstanding one overwhelmingly clear mainstream political point of view.
If their goal is just to amass as many listeners as possible, this probably will work to gather up a large amount of conservative listeners who like an echo chamber. But for those of us who are just sick of the endless politically polarized news cycle, this really sucks.
If I wanted that I’d just turn on Fox, CNN, MSNBC, Newsmax etc.
I guess even the rich sell out for clicks.
Can't escape politics in today's world. Everyone waits around to see what the powers that be are going to do with our lives.
This is not the first time France's left & centrist parties did this horse trading to thwart a far right take over.
The majority of the french constituencies have three options in their elections, which splits the electorate all which ways over a plethora of nuanced topics.
The right first tried to hack the election by putting forward a young candidate that was very active on TikTok and effectively persuading the youth to vote for them.
This is why they were successful in the first round, due to the unprecedented voter turnout, largely because of the influence of a polarising hard right anti-inmigration message being spoon fed and sugar coated to a portion of the population who on regular circumstances don't give a flying french "faut" about the local government elections (equivalent to the American midterms).
So the left reacted to the threat of losing power by putting aside whatever differences that they had and gave the populace a dichotomous vote for either the left or right.
To which democracy complied and responded.
It goes to show that that the immigrant takeover of a formerly European country is anything but guaranteed everytine
White guilt party #1 combines with white guilt party #2 to defeat those that defend Europeans and gets to label them “far right” without being checked.
Hun!? Do you think it's good for France?
@@vimal-cliobconsulting I have two nieces that are not at risk of being refugees in their home country now.
Next weeks episode should be interesting
🇺🇲🇺🇲🇺🇲
Can’t wait
good for freidberg contributing more to this macro convo talk even more !
The Biden discussion about the press is excellent, however please be consistent, Apply the same standards of telling the truth , does Trump lie incessantly ?
Common brother
1:22:25 should have been your cold-open, ya blew it 😂 Great show guys
Very good and required conversation regarding Assimilation when choosing to move to another country. It used to be the norm, it must be the norm.
Worth hearing: Soft landing + France election + 5minutes of Biden. The rest was wasteful.
You're all brilliant people. Talk about science, companies, ideas, not politics.
The problem with inflation is that the effect compounds. Even when the rate falls that means nothing to consumers who are paying higher prices that don't fall.
Necessary for hard times ahead but mostly for health...
Fasting For Survival
Dr.Pradip Jamnadas
The Galen Foundation
Duh and the fact that is never mentioned, it lets you know most presenters are so filthy rich and removed from reality
Thank you all for another show.
lol, "stocks surging" literally crashing big time the day before this vid comes out.
That wasn't even a crash. it was a crack in the road. We haven't even hit the real speed bump. S&P is at least 45% over priced.
Best podcast ever. Pleased to have found brilliant, diverse and entertaining discussion.
JCal subliminally messaging he is a republican after the interview with Trump by rocking Trump's signature blue suit and red tie 😂😂😂
Trump rocks a navy blue, white shirt and red tie. Not the cauliflower blue my guy 😂.
Sacks should remember that the other French people who didn’t vote for the right wing politician also wants to live in a certain type of France of their choice that those other left wing parties represent and they have that right too. Who wins out of them wins. That’s how their democracy is set up. We shouldn’t undermine other people’s democracy or views. If you think x reform is good and the majority of those who vote don’t, respect that and vice versa.
Chamath definitely has a good point, only a several companies have seen a upturn and just recently the tech sector has seen a sudden volatile downturn.. translate this to the emerging most important innovative market is going down.. This is definitely a bad sign for the general economy and its going to take a more conservative turn. This isnt a growth market anymore even when people want it to be and reality is starting to hit the market.
Chamath is a grifter and terrible investor. His track record proves that. Wouldn’t trust him for anything
The level of coordination to fool sacks on J cal's Fox contribution was insane :D
If Biden quits ,who will PARDON HUNTER ???:)))))))
Cant wait for next week episode.
Jason, please refrain from interrupting… please!
So much Sachs & JCal love this episode
Trump raised 300 million in 4 days after the court case, so there.
What happened with not needing to sell out to donors because he's already wealthy?
Sachs is spot on regarding his analysis of the french legislatives elections results. It's exactly what happened, political calculations at its finest, nothing more, nothing less.
I live in france by the way.
Da boyz are back. J Cal almost red pilled… LFG
Much appreciated gents!
Lol even billionaire David Sachs still has a iPhone 13. I would have expected him to upgrade every year XD
iPhone 13 mini is the best. Small hands gang
@@Ehralur Im dumb Im just curious why is it a hassle. Ive only done it twice didn't seem to take to long.
You don’t become a billionaire acting like that.
Whoa going to be a big show this week
I’m glad I found this podcast. You guys are clearly brilliant. That said as someone who runs datacenter infrastructure you all are a bit too abstracted from what these things work and how they upgrade cycle etc. One interesting thing I’d just point out. I bought a couple small GPU hosts, small 2U boxes with a pair of H100’s (they are about 30k per card) those cards aren’t actually all that huge. They are basically very large video cards without a video port output.
The pod always comes out a day before a big talking event
I begrudgingly going to admit that I love your intros...there you go
Deze tafelgenoten stonden garant voor een zeer interessante discussie!Zoveel competentie brengt hoop voor de toekomst....
Love the ALL-IN POD! ❤
The problem with mass illegal immigration especially from Islamic countries is that these people don't integrate and in many cases actually despise the culture of the country they have adopted as their home... there is no strength in just having a diverse population.. the strength of any country is in its cultural/social identity.. The strength is in unity... you can have diversity as long as you have unity... Its happening way to quickly to form any kind of unity between all these different cultures.
David Sacks the man.
The chart showing feelings about economy under each party, is reflective of people in power doing things to benefit their constituency