The most interesting tech companies to invest in are the few that will survive the downturn, but make sure to protect yourself by owning the debt in the capital structure as it is always superior to the equity. Founders must understand that a downturn is coming and start reducing their burn.
Chamath Palihapitiya discusses how the popularity of SPACs will lead to more competition, making it more difficult for companies to successfully complete a SPAC transaction, and why companies may be better off going public instead.
A discussion on the unfairness of the system where big corporations are subsidized and privatize the profits, but socialize the losses to the general public.
This podcast discusses the importance of distinguishing between the two types of science fiction: the violent dystopian type portrayed in movies and the sophisticated, brain-changing type found in literature. The podcast also touches upon changing perspectives towards certain industries, like the book industry, as well as the decline of public good due to pressures on public companies to prioritize stock growth.
In this podcast, Joe Rogan talks to Stephanie Kelton and Rowan Gray about modern monetary theory and how the entire economy can be seen as a mass delusion.
Elon Musk discusses how creating a new currency was a problem that couldn't be solved outside of SpaceX, and how the mission statement motivated employees to work towards it.