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 half-heartedly but this year hopefully we put a little bit more work into it with me again of course david friedberg uh the sultan of science the rain man david sacks and
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sweater jesus chamath palihapita how's everybody doing we're 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 no no no he has to do 69. he can't do 420. he can do both he can do whatever he wants the guy basically could do no wrong is he committed what about jack can we get
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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 would suffer that enough that like i've alienated potential guests chamots alienated best now you're getting in on alienating the game it would be too much to have jack and chris dixon on together who who oh my god that is so cruel delete that no don't
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look at freebird i don't care about my relationship with 1816 dorsey we all know who who's the other person dick chris dixon chris dixon yeah who's that is a general partner at andreessen horowitz who runs their crypto fund oh nice it wasn't just me he's been very vocal lately about web3 why don't you guys invite the uh cfo of greylock as well while you're at it oh my god we couldn't get the uh partner in charge
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of human capital at excel you're getting a little bit far afield chris posted something pretty innocuous on web3 and jack jumped down his throat and same thing with biology as well i saw the c dixon quote it wasn't just me yeah jason 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 i love you now you're trying to pretend like he was
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triggered by me he wasn't triggered but he's jack after dark jack is gone wild chris dixon did did try a little misappropriation for which jack jumped down his throat basically everything in horror it's his thing they always culturally appropriate right like just like any other guy who quits his job and then goes on a ship posting rampage like did after shutting down i'm just one of his casualties there's a
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bunch of people he's gone i thought big jack energy was great i think he could no i think it's great ceo of twitter so he could tweet yeah he wanted to get in there no he wants to focus on blockchain clearly he 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
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views on this i would love for him to come on and not be badgered about censorship and the role that he used to run how would you like him talking to you about you know being the ceo of zenifit's saks honestly i'm not trying to bathroom i only have one question which is the reason why he loves bitcoin is for its censorship resistance so why when he had the opportunity as ceo of twitter didn't he stand tall for
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resisting censorship he did 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 this there's a there's the dynamics of a board and lawsuits and hundreds of hard decisions and the president inciting a riot at the capitol you're not supposed to create a list and publish it and say
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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 it can't actually be [ __ ] up no it was not punched up just
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also funnier than you actually are that's why i'm saying that why did you have to throw my people yeah why don't you have to go to the ashram yeah why are you in canada jack has spent years trying to cultivate this like zen approach that has nothing to do with my people nothing to do nothing to do with the nostromo we're we're getting lost in the weeds here we have an award show to you guys later music
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introduce please welcome everybody to the 2021 bestie awards now just put in like everybody like denzel washington and you know like yeah can we edit screenshots from like the last oscar that you know everyone's in our audience okay oscars from the 80s like tom cruise getting up and cheering and whooping okay here we go [Music] [Music] there's a lot at stake here folks and we're going to start it off with
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biggest winner in politics a very difficult decision here sax biggest winner in politics who do you got 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 um charter schools
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you know as a 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 of 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 freeberg who you got okay mine's a little um esoteric but my
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biggest winner for politics this year is the blockchain and i'll tell you why i think that the um embracing the blockchain as a technology that enables an evolution away from what folks consider to be um you know centralized control systems and ultimately uh 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
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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 and politicians are starting to wake up to it and they're all thinking very deeply about what it
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means uh 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 anything else okay chamoth who do you got i think this is pretty obvious but i think it's glenn younkin the governor of virginia here's a guy that was a private equity executive who basically had to fade trump um but still pretend to feign
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that he needed his support and ran a pretty centrist you know pro-education anti-crime pro-business uh pro just individual um you know empowerment campaign in virginia which hasn't swung this way for a long time and basically uh beat terry mcauliffe and i think that this is the road map which effectively says whether you're a democrat or a republican grab into these centrist temples and run
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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 younkin 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 uh i went with joe manchin obviously the shadow president who was able to dictate uh what gets passed and
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uh build back better getting cancelled or uh cut from six plus billion down to maybe one point five billion if it ever gets true trillion rather sorry thank you um was my um hey a rising star or a foiling star after um his decision to denounce the build back better bill this year this week well you guys have to remember that the state he's from west virginia went for trump like 20 points it is a deep
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red state and manchin himself is 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 with that mansion can vote with them at all on anything to a layman like myself
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where 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 does that light 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
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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 um in the same way i think manchester may be doing the democrats a favor because we can't afford all the spent new spending super interesting yeah here we go biggest
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loser in politics who do you got let's go in uh reverse order now chamath who do you got you go first jkl my biggest loser uh is elizabeth warren uh she wanted uh 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 um according to a tweet from elon that he paid 11 billion dollars every program she wanted
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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
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socialism we're not interested in this brand of politics they lost the election biden won and now uh 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 important i'll build on your theme and i i actually just said the progressive left and the alt-right so i think that the short extremes in america have basically uh
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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 chordling you know fringe classes get an extreme amount of attention because what they say is salacious or
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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 they make for great sound bites but they cannot govern and so i think the the biggest loser is the progressive left and the alt-right sax you want to go next yeah i mean very much in the same vein my choice is uh
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kamala harris the vice president she has a 28 approval rating uh polls show her lagging biden by about 10 points no vice president has pulled this poorly since uh dan quayle uh was the butt of every late night joke about 30 years ago and uh boy am i really dating myself with that reference what's the problem yeah exactly yeah potato a lot of viewers don't even remember what we're talking about but so
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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
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female president of the united states uh just as a gentle uh reminder that we had predictions how you called him calacanis calacanis well he likes because i thought biden wasn't going to make it through the first term because he's so old and that he might not be able to function that was that was right yeah yeah that may still happen yeah i mean i think i might stand by that prediction we'll save it for the prediction show
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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 basically sorry my biggest political loser uh is um tony fauci i feel like uh this guy got totally vised out this year determinism is a trap right in his role you have to be deterministic meaning you're saying you gotta do x to get y in
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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 the 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
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got the vaccine and the pandemic certainly didn't end and it evolved and it became this very fuzzy gray math 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
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stated and it was a bit of a trap this year and i think he got screwed so 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 support yeah you know i just add to what shmoth had already said you know virginia went for biden by 10 points just the short time before younkin he secured trump's endorsement
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very early and quietly and kept the kept trump at bay and then he ran as a general moderate uh with the business pedigree as as kind of 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
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basically mcauliffe was sided with the the teachers unions and uh whereas younkin sided with parents and really i think voiced their opposition to crt in the schools that became the centerpiece for his closing argument and uh that's what allowed him to win win the election 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
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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
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will and ire towards volcker similarly i think mansion is just now starting this process of just getting completely pilloried and you know people will point to a handful of elements of buildback better like child care that have now expired and those child care credits and 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
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seven trillion we already spend a little bit better um 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 in 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
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politician because like you have to remember fed chair is elected right you're there you're in you're 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 freeburg 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
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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 uh 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
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of exposed i think a nerve and it was a really kind of shocking moment a shocking day so uh 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
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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 in doors 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
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on the show last year uh is not uh is a little more fragile uh than perhaps we uh we think it is trump was the biggest stress test ever for me uh the biggest political surprise uh 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
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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 that she's not she's not they think that she's not electable and so they're hedging yeah so maybe maybe they're uh racist jacal or maybe they are saving her until after
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the midterms and then going to feature her i don't know what the strategy is the house i don't think it's like a fighter protecting her but if she was good enough to get to help get biden in office why isn't she good enough to uh feature now it just doesn't make sense to me uh that she was so sidelined well they did give her tests like they sent her to the border the problem is she doesn't have anything
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to say that's that will resonate with the american people but also be acceptable to her progressive base or 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 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
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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 uh of of doing some stuff here she's very articulate she's very punchy anybody she you know she can really tell the truth but then she can
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also really just chuck 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 freeburg sax that uh the initial reaction to manchin's vote or saying he wasn't gonna vote for this on sunday during the talk shows uh 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
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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 i'm talking 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 it's hysterical it was such a cya by the administration like they wasted
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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 fights i think it's that they just ignored what the swing votes were saying he's been saying from the beginning it's too big his number was 1.5 and they just said you know what we'll wait till the end
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and then try to high-pressure him or something or flip him at the end it doesn't make sense it doesn't make sense to push for that big a bill when it's a 50-50 senate they should have gone for something smaller and more reasonable 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
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changed their tapering posture that was the bullet in the gun and you basically handed manchin a loaded weapon and said here you go do what you will it was a terrible betting strategy by the republicans 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 right biggest winner in business free broker you got
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biggest winner 2021 my biggest winner in business um goes back to the gamestop 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
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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 uh for 2021. who's your biggest winner chemath in business i mean this is pretty obvious it's elon musk you know as a former owner of tesla as a
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current shareholder of spacex uh as somebody who sold him a company this year david and i did to see him work is magical uh absolutely magical and uh 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 uh 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
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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 um it's more sort of what i would say is the outsider class versus insiders i think that whether it's blockchain or web 3 or nfts or gamestop this was the year you know the constitution dao
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this was the year that loose affiliations of individuals um could compete on a level playing field with organized capital and i think that that's a really important trend for the future saks uh who do you have uh biggest winner in business if it is elan who's your runner-up yeah so i mean can't fault the elon choice is pretty obvious um but i would say in our world the biggest winner was tiger global um
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they basically productized 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 uh it's really the soft bank strategy done right that's a great pick 15 billion uh i think it's the amount they deployed this year i
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don't know if you guys heard that number but yeah yeah uh in a single year to invest 15 billion and assume a five-year fund you know you're at a 75 billion dollar run rate it's pretty incredible i mean it really is the size of vision fund um and uh 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 uh to
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really kind of measure everything prior to making investments so they've built a machine it's amazing uh my biggest winner in business is the ang not the fang drop the f and go with the ang amazon has a new ceo and they haven't missed a beat apple is about to hit 3 trillion and susan wojecki 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
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that's the obvious choice so after elon alphabet stock up 66 percent apple stock up 31 you guys know what's going on with those big companies so i'm gonna go with the yang biggest loser in business the biggest loser in business who do you have freedberg who's your biggest loser well i went i went the opposite of my biggest winner i went for those institutions that that you know got their lunch eaten by retail
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uh gabe plotkin and you know he lost so much money shorting gamestop against these guys uh buying gamestop to the moon he had to borrow 2.75 billion dollars from citadel and 0.7.72 just to get through his month uh i mean talk about embarrassing uh talk about reversal of fortune you know he's obviously been a renowned investor prior to this um and you know there's a few others that that were you know
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casualties of war white square a firm in london shut down half a billion aum um so all these folks who tried to bet against retail during the gamestop saga and since um thinking that the world was the way it used to be it had to kind of change it's amazing that that and the insurrection both happened in this year like time is more this year is insane yeah it's been incredible all of this
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happened in this past year it's crazy to think about we were here and i was up in tahoe uh skiing and all this stuff was breaking it was crazy that time that was actually our record episode when all and had that breakout episode who do you have for your biggest loser david sacks i have chinese billionaires who are the biggest loser this year if you guys remember yeah exactly a year ago we were all asking where is jack ma
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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
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all been targeted for fines and tighter controls uh and china's pretty much shut down the foreign ipo market for their tech companies they've banned moving it to hong kong right i mean yeah exactly they're the ccp has basically brought all the billionaires under their thumb wow chamoth who do you have and this is amazing just so the audience knows we do not reveal our choices until yeah yeah it's really which makes it so great yeah
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i love hearing some of these things it makes me think for sure um yeah my my biggest loser is big tech um if you look at this year and you annotate it not for their stock price but for uh what i think is sort of the the precursor to longer term success there is a lot of signs that there's pressure building so whether that's measured in lawsuits fines uh bad pr if you put all of that stuff together i
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think the thing that that drives is decaying morale and when you have decaying morale you have human capital flight so people leave there are some articles just recently even about you know an exodus that you know uh 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
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out from working there and if you just and if you just you know google search the the number of issues that all of these companies collectively uh are dealing with i think that this is sort of peak uh big tech market cap is probably within the next year or two interesting uh this is just so great that we all had different choices um i picked the ang as the winner um i'm picking the f in fang as the loser
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meadow 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 wins against their ads uh the political headwinds and my last point is exactly chamat'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
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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 b tang facebook uh meta traded up 25 this year jacqueline listen i do think it's a juggernaut and when things go wrong it
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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 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 unravel well i think you know i think that the bet the better trade is pick the one that you love in fang
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and short the one that you hate and fang and if you get that right you can make a lot of money pretty soon big spread there right the spread trade like we talked about uh all right biggest business surprise what do you got saks what's your biggest business surprises i thought 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
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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
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state level there that um desantis has kept the state open for business and he's kept schools open and of course the tax rate is zero uh the income tax and the capital gains tax that is or zero so uh 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 i started texting you guys in january saying i really think we should talk
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about this on the pod if you'll remember and it's obviously just become a crescendo since then it's nfts um and it really has been incredible to watch how uh you know the individual um folks in crypto have embraced nfts as a way uh 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
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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
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of um 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 uh not necessarily about where nft sit today i think it's disaster where it sits today but i think over the long run why is it a disaster i 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
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to lose their money and then people are going to be really hurt and really upset um but 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 uh can develop stuff and make money because people will appreciate it and pay for it and i just think that's awesome fantastic all right so for me um it was that daos
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were able to raise 40 million dollars 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 uh much in the way the day traders did um with amc and gamestop to freeberg's point earlier than the big winners and i'm i have a dual one here i'm absolutely surprised about this you know the the the dow that was able to raise
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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 dow's 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
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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 your mom uh my my big business winner breakout company uh i have two but they're the same really as modern biontech uh 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
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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 covet but a whole bunch of other things including cancer treatments and everything else so i think right these two companies these two companies really took a big step forward in 2020
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absolutely and just as a side note openc had eight million a monthly val volume at the beginning of the year in january and 3.46 billion in august just 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 science's best science breakthrough i'm a little bit um blinders on this one because i think i mentioned this on the show a few weeks
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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
36:07
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 uh a lot of which i hope to kind of you know
36:31
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 coveted 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
36:52
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 uh pills have i think a very good shot of doing it next year because they're protease inhibitors so they stop the virus from replicating and just and even if the
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spiked 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 uh antiviral pills i would like to make a counter to sax's um point i would be very cautious about the side effects that are going to arise from these protease inhibitors and um you know they're they're not as well studied
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as they normally would be but there are they have a serious biological effect in normal cells in the human body um and i think as more people use them you'll see more crazy stories about side effects that are really uh significant side effects would be there's a lot that are well documented but the way they work biologically is they disrupt um you know certain systems and those are not just systems related to the
38:07
virus they're systems in our own cells and so i i 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 uh for hiv right it'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
38:33
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 one percent 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 um and i'm not sure we've really gotten the boundaries of this yet and the dosage is pretty significant on them uh so
38:55
uh yeah like let's you know let's keep a watchful eye on this stuff but uh i'm i'm hopeful but i'm also nervous well hopefully the number of people who need to take it freebird correct me if i'm wrong if we've got this many people vaxxed who will not need to take it and then omcron my biggest optimism is just that omicron is a um much less virulent virus and it sweeps through the population and
39:17
we slowly see this pandemic kind of you know becoming less severe which is what was predicted do you think herd immunity even exists in the way that the virus evolves no so um there and by the way it's not binary uh it's not like hey you get hurt immunity and no one's gonna 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
39:42
know it and then i'm spreading it for that half day but i didn't even know i had it that's kind of you know not all the way over to hurt immunity and the traditional kind of definition of the way that we talk about it um 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
40:04
and everyone just dies um and so somewhere in the middle i think is where we find our kind of you know our ground but i 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 uh it's gonna play out that way at all this is gonna be a slow slow wind down okay to give shamat some credit you said it would be a nothing burger and uh so
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far it looks like deaths and hospitalization specifically icu's uh 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 going to be okay i think this is the end of the end so oh that would be so great if this was the uh end of the end game my best science breakthrough is that this year we actually were able to inject
40:49
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 improved 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 uh put it into your body and then you know your body does the work of editing
41:14
out the bad genes and um that's a i think that's a pretty incredible breakthrough i had the starch on my list too but um i went with starship uh for people who don't know a march 3rd starship serial number 10 sn10 completed spacex third high altitude flight test of a prototype type and they were able to ascend um and then reorient themselves and land if you don't know starship is ginormous when compared to the falcon
41:43
and the other rockets uh 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 uh 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 um uh the folks at spacex need to do is to scale it and they're pretty good at scaling things they just had their
42:14
hundredth landing of their smaller rocket and so when this uh big boy this uh bfr big freaking rocket gets going it's going to change the nature of our species as multiplanatory 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 uh and also to not pick the same one as free bird do you think
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starship is going to be able to orbit uranus no nick you can't take that i have veto rights all of this needs to stay all right biggest flash in the pan biggest flash in the pan sacks you picked people uh you told me earlier no i said we love people please yeah no that was yours um i had uh i think the the use of the word uh transitory uh was my biggest flash in the pan it seemed like for a brief moment that every uh
43:19
administration official every uh 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 uh it turned out that the inflation was not transitory and so the use of the word transitory i predict will in fact be transitory my summary like that what do you got chamath uh i picked uh all things uh metaverse and web3 and web3 yeah writ large if you guys
43:55
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 uh 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
44:26
metaverse and web 3 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 uh this this too will be transitory i went with the constitution dao um while while i believe jason that the concept was inspiring and will echo for quite some time with other um you know kind of improved uh versions and different applications this particular dow
44:58
uh 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
45:22
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 uh specifically the once great city of um the once great city of san francisco where they thought they had
45:49
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 um an investigative journalist was hired by myself and uh gary tan did the democratic recall and sac 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 [ __ ] in san francisco and chesabuddin and all of
46:15
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 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 they 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
46:39
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 [ __ ] 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 and not managed to some watered-down lowest common denominators so as to not so as
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to try to make everybody around them feel better yeah a hundred percent all right i have a feeling that we're gonna this is gonna sweep here best ceo should we just say three two one and say the name i'll go first i'm gonna pick satya nadella oh well done and uh 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
47:29
compounding absolute juggernaut and 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 sights on on with teams on to us we had no choice but to basically sell the salesforce
47:57
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 uh you know first class ceo he he he's running a master class he's crushed it 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 are
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google company microsoft twitter twitter uh palo alto networks uh and adobe have said okay [ __ ] proud too for you okay uh so much for the curry ceiling uh okay we have smashed through the curry ceiling absolutely there's curry penetrated the samosa ceiling there we go free break will you guys you're making me hungry i know god i'm having i'm having crab curry tonight can you believe it i went fishing i told
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you guys this i went oh bleep out the name i went fishing and uh we caught some crabs and so we're having a crap 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 rock fish which we ate yesterday delicious this is on a boat you did it on a boat yeah oh wow great great captain awesome
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yeah it's cool i would take london uh my 12 year old crabbing when i lived in san francisco off of chrissy field and we bring crafts home and all that uh you can get these incredible uh credits 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 uh so who do you got freeberg best ceo well i like uh i like the jack and elon um going direct
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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 uh for driving business outcomes but what i liked about jack and elon jack in particular in the last day is um you know having a voice and going direct and being inspiring i think that leadership is all about defining where
50:13
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 um you know creates a model that a lot of other ceos i think should and will
50:35
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 sex what do you got best ceo i have brian armstrong because it was about this time a year 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
50:58
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 five percent took it they then went on to have a very successful ipo uh it's now a 65 billion dollar public company and um a year later they are more mission focused they've attracted more employees their diversity numbers have
51:19
not gone down and the reason i pick 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 their workplace but for whatever reason they just don't have the cajones to do it i
51:42
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 elon clearly is but i'm going to pick somebody else so it's not all elon all the time i'm going to go with frank slootman from snowflake this company has grown incredibly at an incredible velocity but
52:09
i just read his book i got a pre-order of his book pre uh 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 uh he's a killer he absolutely he's 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 is the zero-sum game of competitive business
52:32
and here's 205 pages it's a must read and he just wants to win and uh so my hat's off to him 100 billion company uh and they've absolutely crushed it so uh best investor chamath are you going to 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 and cio when did that happen
52:58
founder and cio of third point uh and of of 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 sentinel
53:26
in one that had a big ipo this year growth investing he you know was a was a great investor uh early investor in rivian that went public this year he had great public performance and upstart 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 tonned it and to be able to put together a team that can execute across all of those
53:53
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 a beautiful lovely human being so damn all right we're we're cooking with oil we're moving at a nice pace i picked the sequoia fund the new evergreen sequoia and the sequoia fun the new evergreen fund obviously over the past two years
54:15
they've had doordash airbnb snowflake unity all these incredible companies worth over 300 billion dollars combined and now those lps get to keep their money in this one vehicle and uh i think it's going to make sequoia even more powerful great innovation shout out to my friend roloff and i gave a runner-up to brad gerstner friend of the pod um who obviously did snowflake uh last year but i had to grab
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ipo this year which i think was the largest back in history uh and uh you know i don't think it traded particularly well yet uh but uh congratulations to brad as my run around who do you got sex well my first thought was nancy pelosi but you're just going on performance yeah i don't think it counts though if you do it through insider trading so i had to rule her out okay sure um so my actual choice
55:01
my actual choice is ken griffin the founder of citadel um he generated something like 10 returns on a 500 billion dollar fund i mean just mammoth mammoth amounts of money but it wasn't just his economic return 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 robin hood scandal way back in january remember of the whole payment for order
55:30
flow was a gigantic scandal with with robin hood 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 uh this whole payment for order flow robin hood thing broke against the rock of ken griffin uh he comes out as a huge winner both
55:59
economically and politically and you left out the most important part he was the super villain in buying the constitution yeah and he got refused one extra dollar yes he got he got revenge on the crypto people that's right that's right great great financial troll free break did 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
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source not everyone has the same data um we all have different data and different points of view so um 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 up i know where you're going with this um so you
56:42
know i had three kind of finalists one was founders fund and i would argue they probably have the best um consistent returns in terms of the multiples on their funds uh 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
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transition you talked about and ultimately sequoia won out so that's my my trade 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 tremont best turnaround i picked ford enormous performance this year the stock's up 130 odd percent good portfolio mix of uh you know gas guzzling cars that still make a ton of money like the ford f-150s but
57:32
you know they have the mustang they have the electric versions of the ford f-150s they had some great investments i think they printed like a 20 billion dollar gain on rivien so it's just a really really good turnaround from what that company was which was if you talked any car company that that could have been up 132 at the beginning of 2021 it would not have been ford so uh well done by that team who do
58:00
you have sex are you an investor in fortuma uh no no so i went a little different for this i said the best turnaround was kyle rittenhouse's reputation as you recall ridden house 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
58:25
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 um britton house now has his freedom and he has a reputation back in the eyes of all fair observers
58:49
who do you got freeburg well i went from who was in the worst shape and you know came back from that and i i put wework on here um which is an obvious and easy choice wework to me is like rocky balboa um you know rocky balboa could not win the match rocky balboa got so beat up goes to the you know to his corner he gets patched up he's bleeding from his eyes bleeding from his nose he's literally about to die
59:17
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 um 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 uh basically this this whole you know juggernaut into what looks like a business now um and get it public via spec and it now
59:43
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
1:00:04
pretty impressive to see them get it out this year all right listen i struggled with this one i had two companies that i really wanted to highlight for two different reasons one uh was twitter which had no product velocity and people thought and i'm taking out financial performance right now i'm just looking at the product itself um and my lord have they increased their product velocity releasing uh newsletters audio spaces um and
1:00:32
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 um they added 44 million paid subs this year and uh 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 uh if it hadn't been for antitrust right now i think apple
1:00:57
will be looking at buying disney if they had had any way to get it through there because the job what are they 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 uh and getting out of the pandemic could the parks rebound the
1:01:18
parks have rebounded i see i think they're going to roll over netflix so the sentiment was like got this stock i don't know um 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 2018 is going to go to 300 million um because they announced so much content from the
1:01:42
star wars marvel pixar disney ecosystem that is coming this year and next year um and it's going from book of boba fett mandalorian obi-wan kenobi where um you know uh 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
1:02:08
streaming services too yeah uh disney plus doesn't seem to have a monopoly for me hbo max is such a depth of consciousness when that warner media deal gets done i think that's the juggernaut stock you want to own it's going to have an incredible library to compete with disney well i mean secession and just the library man they got so much in there they're releasing uh their sopranos they're releasing the matrix
1:02:30
tomorrow on hbo they redid plus like league the new the new matrix comes out on hbo max tomorrow it's day and date i love that because i 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 going to watch it on my movie theater this week okay worst human being i'm gonna go first i'm gonna say elizabeth warren um i think
1:02:51
trying to raise money off of the back of the person who raised the most money for our taxes from taxes is just lame if you haven't seen she's attacking um elon and bezos in facebook ads trying to griff to get ten dollars while she's got 12 million in equities that she paid like zero dollars on because that's how the tax system that she has operated under for decades works worst human being to me elizabeth warren
1:03:19
uh i am going to pick travis mcmichael gregory mcmichael william rhodey bryan roddy bryan and derek chauvin four white men who uh killed in two different incidents uh 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 who you got for worst yeah i've got a name here i don't know if if the audience knows yet it's a guy
1:03:50
named peter uh dazek who's a british zoologist he's head of a group called the eco health alliance that received millions of dollars in uh 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 kovid likely leaked but that by itself is not the the reason why he's my choice he then became one of
1:04:14
the leading signers and organizers of a letter that was published in the lansing in february of 2020 insisting with total certainty that the virus had made the leap from animals and humans rather than being uh rather than leaking from a lab in fact he basically painted anyone who had put forward the lab leak theory as a conspiracy theorist uh he you know his influence made this so-called zoonotic theory the official
1:04:41
narrative that could not be questioned online for well over a year all the social networks then censored on that basis and he never disclosed his obvious conflict of interest given that his millions of research was threatened if the lab leaked 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
1:05:06
the worst of mine if you're interested in hearing um a point of view on this uh jamie metzel did an interview with lex friedman on lex's podcast it's worth listening to it's five hours long but the um uh the section where they talk about what sex is sharing i think it's around the one hour mark um and it's a really interesting narrative that jamie shares about what this individual did uh during this period of time and why
1:05:31
does it support what i'm saying yes he's not going to listen but now he feels smug with himself so yeah thanks for having me okay i'm into genius yeah alex is great no so uh 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
1:05:59
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
1:06:22
interview with jamie um 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 uh not a virtue signal uh really i just go back to this
1:06:44
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 population not not derrick yeah i would argue that in some cases people who are selfish um don't make it very far in life and so
1:07:08
they generally don't have that much of an impact in an evil way there's very few people that are purely selfish and make it to scale but um anyway that's my very esoteric so i think freeberg 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 their choices right yeah the adverse consequences okay
1:07:31
so uh best meme i'll go first uh i love daniel craig's uh 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 the weekend he's just exasperated and exhausted as am i my runner-up was anakin and padme doing their conversation you know uh for the better right and you can look that up online it's a four pane
1:07:57
it's one of those four pane conversation ones uh what do you got chamoth you have any best memes it's the uh bernie sanders inauguration outfit amazing always a great go-to that's a good one his little his little mittens and you know his attacks he's detached communist glare about that great meme yeah it's like he's at a sit-in at like uh some college in vermont in russia in the winter time exactly
1:08:25
exactly it's like a little chipmunk yeah all right who do you got saks you got your best meme the ever given uh forklift meme this was that little forklift trying to push that gigantic barge out of the this year can you believe it and a closer runner-up was my fault plans versus the delta variant oh you remember that one that that was a great one that was a good one freedberg uh yeah i know you don't care about pop culture or
1:08:55
consume much of it but give us your best me no i don't i don't have a meme so i do not have a meme upgrade i have no sense of i like tomorrow's name that was a good one i'll take that one sort of enjoy your memes but not enough okay can we upgrade his meme subroutine i love pop culture this the meme thing i just don't it doesn't resonate for me it just doesn't love pop culture yeah i am pop culture memes do not make
1:09:21
i have trouble processing imagery and text all at the same time my subroutine is indexing all images and gpt3 i'm going to produce funny jokes ha ha my laughing sub routine has been upgraded [Laughter] sorry it's too easy sorry allison most losing company deliver them both i don't think she listens to this by the way no my wife doesn't listen to it i was talking to my wife about sweater care or whatever she's like what are you
1:09:53
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 loads of company this one is an absolutely easy one slam dunk it is uh 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
1:10:22
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 i do think that that will be a profound realization over the next century for our species and uh did you say worse than human
1:10:50
slavery i believe that that's what we will realize because the the scale of death caused by animal agriculture okay oh i think they've got the birth to death cycle that these animals live in in cages with no ability to touch or interact with their families uh the the hurt the pain it's extraordinary and uh part of my work that i do day to day is to figure out ways that we can use science to replace animal agriculture
1:11:16
so the uh penultimate kind of animal agriculture processor in the u.s is tyson foods they are the most loath of them company to me um and uh 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 is it a spicy take i mean to human suffering of slavery and then equate it but you added i mean murder honestly free bird like if you yeah but the thing is look you
1:11:46
haven't intended 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 um yeah i guess i think 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 good steak okay we got to stop i'm hungry sacks did you have a um besides tyson foods uh
1:12:16
what do who do you got okay mostly for centering you and putting a label on your thing that's it i had the new york times a new book came out this year in 2021 called the gray lady winked the author ashley rensberg details decades of misinformation and agenda-driven journalism published by the times starting in the 1930s they had a nazi sympathizer as their german correspondent they covered up stalin's
1:12:41
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 canceled culture purging anyone from its ranks who commits a transgression against wilkes sensibilities from brian armstrong to kyle rittenhouse they've routinely smeared people as racist with
1:13:04
no evidence to back it up remember they are not a non-profit they are a corporation and they have an agenda new york times most awesome company in my life and 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
1:13:24
journalism practices because of falling click-through rates and lack of viewership so in a post-traumatic trump yeah yeah post-trump era two years on you know their their 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 click
1:13:44
bait 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
1:14:06
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 is the 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 talk to you i think we've probably eclipsed msnbc any show that and we're probably going to pass
1:14:27
cnbc and fox by the end of this year sure so uh for me um i would pick the mypillow guy but that's not a real company um 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 every category i just it's hard for me not to pick meta here
1:14:47
best new tech for me it's dao's um i mentioned it earlier i think it's phenomenal i think that they're going to evolve and globally what do you think it is taos 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 was number 40 if i didn't okay enough enough you're ungrateful pray
1:15:13
listen you're tilting me now i'm trying to get this show over with 75 minutes in okay 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 drive 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
1:15:39
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 pauli hapatio i have two choices okay uh 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 so that it's mind-blowing and so if you think about what the next five to 10 years can bring jason what you said
1:16:07
earlier about 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 uh 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
1:16:33
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 uh and you can support them directly incredible you know a handful of people matt tybee barry weiss eric newcomer just a handful that jump off the top glenn gleanwald but there's there's many more sub stacks going to learn how to promote
1:17:02
these things to you in a better way i think over time but i think that was an incredible incredible subscription eventually there'll be some sort of group subscription and then you'll be able to put glenn greenwald and barry ice and and have multiple publishers come in like an aggregated feed or something to that effect in other words you could subscribe to the new york times of these independent
1:17:23
voices and they would put the money across them it's the closest thing to truth as a service that we have and with po i'd say podcast is right up there too sax uh i'm obviously you're gonna pick call in but after calling what do you got for the best well i you know i originally had the the christopher jean at anything but your mother already mentioned that so i'm gonna i'm gonna go with starlink
1:17:42
it got uh 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 gavin baker just tweeted this uh earlier today this morning that's the data all i can say all i can say for all of
1:18:08
us who owns yeah 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 can you 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
1:18:41
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 um allows us to get more energy out and
1:19:04
therefore you have a net energy creator 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 um 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 usdoe funded facility came very close to energy abundance and they
1:19:28
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 uh this one so so all of this is is fusion that's correct uh but that's not that's how they make energy on the sun well what we're doing here is um we're basically using lasers to create the same um uh uh density that you would get on the sun that triggers that same sort
1:19:52
of nuclear war and what about uranus different they're different um buildings being funny yeah generally general fusion had a big breakthrough and bill gates is a big backer of a company called terrapower that announced that they're building a new reactor but i think generally speaking we are seeing 2021 as kind of that big step change where this stuff is starting to move from theory but we have it online
1:20:16
still as everyone's been saying for decades 10 years every year every 10 years we say 10 years yeah best trend worst trend here we go i'm going to go with the best trend being centrism purple pills recalls of da's reasonableness and maybe the po 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
1:20:42
best trend hashtag wokelash 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 of minneapolis where it all started even mayor of san francisco now wants to refund the police the attempt to cancel
1:21:07
dave chappelle totally fizzled out after the walkout protests in netflix and even uh barack obama told the progressive left to quote get over their work purity earlier this year they should have listened to him and maybe they finally will next year after losing more elections um i'll just repeat something i said earlier i'll be quick about it the creator economy blossoming um new models
1:21:29
for monetization for folks that create uh content whether it's video art music and uh 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 gonna double tap that uh i have the creator economy i
1:21:55
think it's incredible what these young creators are basically you know uh creating it's incredible super super novel and new forms of content tik tok 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 gonna go with giving credit for work that hasn't been done yet and just straight up founder and investor
1:22:29
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 uh people believing they should get huge rewards before they actually do the work what do you got chamath uh my worst trend is the decaying of the national security of our supply chains um if you think about some of the
1:22:58
really important things that we're going to have to get done over the next 10 years just like 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 uh that is a really bad trend that accelerated
1:23:21
this year we have some really ambitious programs in america that are unfortunately stuck because of you know lawsuits uh 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 saks what do you got i've got uh the rise of authoritarianism around the world and here in the united states i mean even in western countries
1:23:50
like australia it's basically been turned into a prison colony for months in the name of stopping covet here in the united states you've got governors like alvin newsom who've basically appropriated dictatorial powers through a bogus state of emergency you've now got um the unvaccinated treated as some sort of untouchable class of of citizens who aren't able to leave their house except to buy food and medicine
1:24:13
they're even now in europe they're splitting they're forcing people behind partitions at the supermarket boston just announced they're banning on vaccine 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 um you know the censoring of speech you've got this this sort of crackdown on uh
1:24:39
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 stuff i think to your point sacks 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
1:25:03
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 um 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
1:25:25
doesn't exist yet and it's all about the future and make some stupid video about it uh i think is 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 um honor and progress in their lives uh by accomplishing things in a digital universe and they've been doing that from minecraft to fortnight uh to other places for a long time um
1:25:49
and it's uh it's 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 is a is a pretty misstated and misguided kind of concept let's go on to your favorite book movie podcast music discovery of 2020 for music i had war on drugs for book of
1:26:12
ray crocs autobiography i uh listened to on audible and it was great on tv secession curb your enthusiasm and dopesick were my three favorites i think freeberg what do you got uh considering that you have had your pop culture i will tell you guys one time i think 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
1:26:38
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
1:27:06
is very predictable as ray dalio highlights we are following a pattern that we've seen over and over again and um 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
1:27:33
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 people are calling web3 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
1:28:01
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 um 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
1:28:22
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 um 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
1:28:44
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 uh shout out for that guy i just figured he deserves it for putting out an awesome track all right sax um which steve bannon episode was your favorite [Laughter]
1:29:06
so under book of the year i have a very recent choice which is san francisco by michael shellenberger 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
1:29:27
chase boudin i think that's going to be a recurring theme next year also other big cultural discoveries uh i like jamaath i have red pill journalists on sub stack glenn greenwald matt taibi antonio garcia martinez all of whom now have shows on call-ins so those are my choices um there's a second plug okay here we go uh chamoth what was your favorite app besides colin exactly uh let's see so uh my
1:29:59
best album is planet her uh by dojicat danceable fun kids love it i love it you dance i can't wait she's awesome you know that i have rhythm bro all all in summit dance party here we go from the waist down as you also know but just peep that out please don't cut that out no no it's not true no you cannot hide from the truth boys [Laughter] best movie is dune uh it was so beautiful um cinematically just gorgeous uh
1:30:33
uh incredible incredible incredible movie and then book uh i've said it 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
1:31:01
rene gerard 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-i-n-g 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 oh just shout out we didn't have best comedian in here but i really enjoyed hassan minaj's the kings jester a new show
1:31:29
that is not yet on streaming but that he's doing live it was hilarious um it was insightful and really enjoyed going to it did any of you uh like loki thor's step brother and they did a tv show called loki which was like a very challenging metaverse multiple timeline kind of concept it's gonna 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
1:32:01
definitely it was absolutely 100 percent spider-man homecoming but i think it sets in line wait wait wait wait we haven't heard from sax did we hear from sucks yeah sax just picked like some right wing book it was like san francisco or something and then he doesn't watch 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
1:32:24
like films from the 80s 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 costner nobody who's on the left knows what yellowstone is explain to people this right-wing phenomenon it's uh it's a kevin costner show i don't know if it's right-wing it's about
1:32:44
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 uh 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
1:33:09
never seen sicario one and two amazing are the most amazing thrillers you're ever gonna 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 it very much appeals to the republic did the traditional republican slash
1:33:34
american sensibility and now 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 it has an overt political agenda i mean the family who's the the subject of the show the costumer character he's just against progress he does not want developers coming in there
1:33:56
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 uh i don't know how political that is but they are like very tough i mean it's like so it's like it's like san fran san francisco housing possibly yeah okay we're gonna keep up with this one this is our rudy giuliani award for self-emulation
1:34:21
basically people who destroyed their legacy in some way or otherwise just bungled everything sacks i gotta go to you first i know that you've got your writing team uh over at uh fox and um has something going on here for this one let's go well yeah i i went with the cuomo brothers uh you know great pull yes so first you have the governor andrew cuomo remember at the beginning of covet he was giving
1:34:46
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 cuomosexuals 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 leaked documents from the new york ag's office showed that his brother chris cuomo had used
1:35:14
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-emulated within a few minutes of each other and andrew cuomo had to return his 5 million book advance for his covent book free break who you got who lit themselves on fire and uh well i i was a little general i kind of said you know all these politicians who made
1:35:37
claims about the vaccine not being worth doing and then they got covered and then on the flip side of the aisle all the politicians who said take the vaccine or you'll get covet and then they took the vaccine and they still got coveted so you know i think again credibility institutional credibility and deterministic statements like that from both sides damaged a lot of reputations uh um and uh it's just brutal to watch you
1:36:00
know from from one day to the next from elizabeth warren to rand paul people getting coveted making one claim or another about you know the the good or the bad of the vaccine and at the end of the day kova doesn't care clearly um so anyway what do you got your mother 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
1:36:27
um and just basically wants to you know is a moral absolutist authoritarian just on the left 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 um 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
1:36:56
capital and influence and power to a small number of people um 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 um and we're in this moment right now and this sort of stuff that you guys
1:37:17
are talking about senator karen and others kind of saying it's 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
1:37:38
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 scalding them or are these moral absolutists like jamal said there is a check there and um so i i think she's i think what she's done is backfired and uh for me it was biden i mean what a disappointing uh performance he couldn't control the far left of the
1:38:03
party he couldn't uh get anybody on the republican side to give him but one vote he declared independence from kovit 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 um 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
1:38:30
much fox news have you been watching she's just hanging out with you too much i'm on this thread with you no i mean it is possible you know i really wanted a centrist uh 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 have just started there that's where he that was the promise he started there that's where that's where he's most comfortable
1:38:50
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 uh so it's just a disaster um he he basically took victory uh 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
1:39:14
friedrich 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 bestie said i am your favorite bestie no but you know what yesterday chamoth served me crepes with nutella so he's my favorite bestie now so you don't remember that plane no and saks had an incredible um
1:39:35
party and you guys i want to say all three okay i'll tell you something all three of you guys have been incredibly generous and i i feel fortunate and i know it's a little soft moment but thank you guys that's it i haven't had mine upgraded my emotion is complete i love you guys is cracking this is in my programming but i should keep it together the tear sub routine has not been installed
1:40:00
jabot you want to uh pick your favorite bestie and or go around the horn and this is just a bad idea no i love all three thank you yeah i love all three of you but for different reasons um i'm really lucky to have all three of you as friends oh very nice i am very lucky to have uh two of the three of you have planes that i get to fly on right now and second homes that i get to freeload off of uh and friedberg uh you know actually i
1:40:28
just say like you know i get as i told your mom friedrich 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 jamal and sax but you know you and i uh 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
1:40:49
highlights for me and i really have learned to love and respect um your opinions your ethos uh 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 uh 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
1:41:13
um 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 in 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 oh he set it up stop with the uranus
1:41:39
if we can terraform it's the 24th to the 26th but i think we're on the 26th we're on the last day in the afternoon all in podcast we're doing it uh uh mark schuster invited us and then the all-in summit will be in may um in miami we have the dates we're about to announce uh but don't email me for free tickets there'll be 300 tickets to the summit uh 250 of them are paid and then each bestie gets 12 tickets to
1:42:05
give to a bestie that's how we're going to run it everybody has to pay and then everything will be simulcast or all right everybody let's wrap up stacks 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 [ __ ] that you guys are what is this so brutal you're such an [ __ ] what a piece you are such an [ __ ]
1:42:32
i i will say this this group a few relationships in particular had a very rocky year and so it's always yeah and something really youtube that is true it was not it was not public what all that went down yeah but but chamoth and i here we are here we are and i fought very hard to keep the pod together and to make sure that you guys and you guys are literally like the the two characters from step brothers and
1:42:58
what your characters you're talking about in this part you and your mother yeah and it's good it's good it's good to see us you're the idiot who crashed the bunk beds the one on top yeah he jumps on top of the whole thing i don't even know what movie you're talking about what is the two of you you sax and j cal found a way to fight to almost break up to destroy everything we've built together free brook and i had to step in not once
1:43:22
but on two different occasions and i had to spend mediating the two of you back together was ridiculous you can't spend the time either yeah that was a tough one maybe sax could stay in his lane no no no no no don't start don't start don't start don't start nick's reminding me of something yeah he says he said i got so mad at jason this year that i threatened to make uh nick a millionaire out of spite
1:43:49
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 carry you take it easy everybody no problem people still asked me to this day was that whole few with jake how real or was it just for ratings it was real i know it was all it was real the bigger feud was not a the bigger feud was not aired on the air and right there was a second future
1:44:14
that one was out of control we signed at nba let's just say there's an 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 saks 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
1:44:35
moderator i think uh saks jamaat freeburg 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 ten episodes we hit a
1:44:57
high-water mark in the in the audience and everybody i meet tells me the same thing my god the guy's just doing such a great job i'll say one thing one thing that makes it really hard i i was i was with chamath yesterday as you guys know yes 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 that is true for all of us
1:45:17
and individually and independently we all still hustle we try and make things happen we find things that others aren't doing we push right grind we grow up at 5 00 a.m yeah east coast yeah for a day and i think i think all four all four of us in the same are in the same vein and that makes it really hard for personalities like that to work together in a consistent way and that underlies a
1:45:40
lot of what i think ultimately bubbles up to the surface with some of this stuff but um you know we should be thankful that we can pull it off because it's it's pretty pretty awesome and can i say something nice about jkl here we go so it's true that without jcal this pod never would have happened you are the podcaster in this group you are the math skills you make the pod very entertaining and funny
1:46:01
and so like frankly even though you're not as rich and smart as the rest of us you should stop you should stop feeling so insecure because you really are the reason for this pod all right 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 your ability to read that script and the amount of money you spend forming your opinions
1:46:30
from tucker carlson's ex-writing team is just extraordinary so much to the table i can't believe i ever wanted to replace you with nobody's gonna know who i was threatening to replace sacks with it was like literally like we're gonna replace this guitarist 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 our promise to you
1:46:55
no weeks off for the besties i'm going to be with you every friday night bye-bye bye-bye 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 [Music] we should all just get a room and just have one big huge orgy because they're all just useless it's like this like sexual tension that they just need to release [Music] your feet we need to get back [Music]