Episode
#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
3:04:20
Published: Tue Nov 15 2022
Description
Chamath Palihapitiya is a venture capitalist, engineer, CEO of Social Capital, and co-host of the All-In Podcast. Please support this podcast by checking out our sponsors: - Bambee: https://bambee.com and use code LEX to get free HR audit - InsideTracker: https://insidetracker.com/lex to get 20% off - NetSuite: http://netsuite.com/lex to get free product tour - SimpliSafe: https://simplisafe.com/lex - Indeed: https://indeed.com/lex to get $75 credit EPISODE LINKS: Chamath's Twitter: https://twitter.com/chamath Chamath's LinkedIn: https://linkedin.com/in/chamath Chamath's Substack: https://chamathreads.substack.com Social Capital (website): https://socialcapital.com All-In Podcast (podcast): https://youtube.com/channel/UCESLZhusAkFfsNsApnjF_Cg PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: - Check out the sponsors above, it's the best way to support this podcast - Support on Patreon: https://www.patreon.com/lexfridman - Twitter: https://twitter.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Medium: https://medium.com/@lexfridman OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) - Introduction (07:55) - Childhood and forgiveness (21:39) - Money and happiness (28:29) - Poker (31:57) - Mistakes (42:47) - Early jobs (44:25) - Facebook (1:02:11) - Energy (1:09:51) - Cloud computation (1:14:06) - Fixing social media (1:23:58) - Trump's Twitter ban (1:29:03) - Kanye West (1:40:15) - All-In Podcast (1:49:31) - Nuclear war (2:01:07) - Startups (2:09:38) - Work-life balance (2:20:47) - Teamwork (2:32:08) - Energy transition (2:42:41) - Silicon Valley culture (2:46:00) - Activism culture (2:50:21) - Advice for young people (2:56:56) - Meaning of life
Chapters
Venture capitalist and engineer, Chamath Palahapitiya, describes the human body as a conglomerate of signals that are used by different systems to coordinate and function effectively.
00:00 - 03:22 (03:22)
Summary
Venture capitalist and engineer, Chamath Palahapitiya, describes the human body as a conglomerate of signals that are used by different systems to coordinate and function effectively. He compares the human body to a hierarchy of living organisms and explains how various signals are used to regulate anatomy and physiology functions.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The success of a business relies on building a great team with good skills, personality, and diversity.
03:22 - 07:35 (04:12)
Summary
The success of a business relies on building a great team with good skills, personality, and diversity. The process of hiring involves selecting from a pool of candidates and securing the psychological security of the team members.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The episode's guest discusses the financial struggles that come with growing up in a low-income household and how it taught her to budget and look for deals, leading to her first taste of a Dairy Queen meal being a life-changing experience.
07:35 - 13:28 (05:52)
Summary
The episode's guest discusses the financial struggles that come with growing up in a low-income household and how it taught her to budget and look for deals, leading to her first taste of a Dairy Queen meal being a life-changing experience.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The speaker reflects on how growing up in a dysfunctional environment can lead to individuals feeling less than others, causing them and others to be hurt.
13:29 - 20:49 (07:20)
Summary
The speaker reflects on how growing up in a dysfunctional environment can lead to individuals feeling less than others, causing them and others to be hurt. He shares how it is possible to break the cycle and repair relationships.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
In a world where we compete for scarce resources, it's easy to become a scapegoat and believe that happiness is only attainable through expensive and luxurious experiences.
20:49 - 28:13 (07:24)
Summary
In a world where we compete for scarce resources, it's easy to become a scapegoat and believe that happiness is only attainable through expensive and luxurious experiences. This perspective can lead to decisions that don't align with our values and true desires in life.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
A recent online tournament winner known for unconventional moves may have memorized an old Russian game and makes GTO moves by move six that leave opponents with no moves to make.
28:15 - 34:29 (06:14)
Summary
A recent online tournament winner known for unconventional moves may have memorized an old Russian game and makes GTO moves by move six that leave opponents with no moves to make. He often overplays certain positions and takes unexpected lines in play.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The fear of making mistakes often leads people to be risk-averse, but successful people understand that making mistakes is vital for achieving success.
34:29 - 39:23 (04:53)
Summary
The fear of making mistakes often leads people to be risk-averse, but successful people understand that making mistakes is vital for achieving success. Simplified boundaries of winning and losing in society prevent people from taking risks and experiencing potential failures.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The lack of social interaction during childhood can lead to missed opportunities and a skewed perspective.
39:23 - 44:23 (04:59)
Summary
The lack of social interaction during childhood can lead to missed opportunities and a skewed perspective.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The impact of machine learning was not anticipated prior to the creation of social networks, ads, and recommender systems.
44:23 - 48:41 (04:18)
Summary
The impact of machine learning was not anticipated prior to the creation of social networks, ads, and recommender systems. The first scaled version of machine learning was introduced through Facebook's "People you may know" feature.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
Moving fast and breaking things is great for software development, but in industries like aerospace where mistakes can have dangerous consequences, a methodical and careful approach is necessary to avoid disastrous outcomes.
48:41 - 1:01:06 (12:24)
Summary
Moving fast and breaking things is great for software development, but in industries like aerospace where mistakes can have dangerous consequences, a methodical and careful approach is necessary to avoid disastrous outcomes.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The cost of compute going to zero and the rise of individual power production will lead to homeowners becoming their own power plants and competing with utilities, according to futurist Tony Seba.
1:01:06 - 1:08:54 (07:47)
Summary
The cost of compute going to zero and the rise of individual power production will lead to homeowners becoming their own power plants and competing with utilities, according to futurist Tony Seba.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
Tesla takes control of its technology all the way down to bare metal in order to build the best car, unlike most companies who use AWS, GCP or Azure.
1:08:54 - 1:19:58 (11:04)
Summary
Tesla takes control of its technology all the way down to bare metal in order to build the best car, unlike most companies who use AWS, GCP or Azure. Building in-house technology allows for more control and the ability to innovate rapidly.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The presence of Donald Trump on Twitter has consistently increased negativity on the platform, causing people to have a negative experience.
1:19:58 - 1:33:40 (13:42)
Summary
The presence of Donald Trump on Twitter has consistently increased negativity on the platform, causing people to have a negative experience. Twitter looked at active commenters, confusing it for overall system happiness, leading to potential damage to our democracy.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The guest shares his experience of how finding a person who exhibits empathy and accountability helped him make better decisions in life, both professionally and personally.
1:33:40 - 1:40:27 (06:47)
Summary
The guest shares his experience of how finding a person who exhibits empathy and accountability helped him make better decisions in life, both professionally and personally.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The podcast hosts have an effective way of analyzing the big picture of the world, and bring tension and camaraderie to the discussion.
1:40:27 - 1:46:25 (05:57)
Summary
The podcast hosts have an effective way of analyzing the big picture of the world, and bring tension and camaraderie to the discussion. They cover multiple perspectives of the same topic, allowing for a well-rounded analysis.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
Despite ongoing tensions between Russia and Ukraine, the probability of war between the US and Russia is relatively low due to economic constraints and the complexities of fiscal and monetary policy.
1:46:25 - 1:57:00 (10:34)
Summary
Despite ongoing tensions between Russia and Ukraine, the probability of war between the US and Russia is relatively low due to economic constraints and the complexities of fiscal and monetary policy.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
This podcast discusses topics on building and finding good companies as well as advice for those wanting to create the next super successful startup in the tech space.
1:57:00 - 2:02:17 (05:16)
Summary
This podcast discusses topics on building and finding good companies as well as advice for those wanting to create the next super successful startup in the tech space. Additionally, the podcast touches on financial sanctions that could cripple Russia.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
Aiming to have an impact on the world is not the path to happiness; individuals should strive for personal happiness and then see how it can benefit society and others around them.
2:02:17 - 2:06:58 (04:41)
Summary
Aiming to have an impact on the world is not the path to happiness; individuals should strive for personal happiness and then see how it can benefit society and others around them. For instance, promoting luxury products like perfume on social media may be inexplicable to some individuals, whereas others may find it as a source of personal happiness.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
In this episode, the speaker discusses the importance of staying connected to problems without feeling resentful and the challenges of letting go.
2:06:58 - 2:13:26 (06:27)
Summary
In this episode, the speaker discusses the importance of staying connected to problems without feeling resentful and the challenges of letting go. They also talk about the need for a moral compass in problem-solving.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
Speaker discusses their daily routine, including making a precise latte, regimented work schedule, and steep incline walk after lunch.
2:13:26 - 2:18:54 (05:28)
Summary
Speaker discusses their daily routine, including making a precise latte, regimented work schedule, and steep incline walk after lunch.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
A discussion about the importance of short meetings and how companies are like cartilage within the body.
2:18:55 - 2:24:43 (05:48)
Summary
A discussion about the importance of short meetings and how companies are like cartilage within the body. The speaker also mentions a personal fascination with breast cancer surgeries and learning about ductal cancer in situ.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
Business investors prioritize leaders who are compatible with their company’s mission, have a clear goal in mind, and can stand out among the rest in crucial moments.
2:24:43 - 2:32:37 (07:53)
Summary
Business investors prioritize leaders who are compatible with their company’s mission, have a clear goal in mind, and can stand out among the rest in crucial moments. Mentions that correlation is what causes massive destruction of capital, specifically when one blow up in one company has a ripple effect on others.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
Building a new source of clean energy may have a significant impact on the worldwide GDP, however, the energy equation remains a difficult challenge to overcome without significant advancements in material science, as the existing solutions for nuclear have limitations in scaling beyond the bench scale.
2:32:37 - 2:39:29 (06:52)
Summary
Building a new source of clean energy may have a significant impact on the worldwide GDP, however, the energy equation remains a difficult challenge to overcome without significant advancements in material science, as the existing solutions for nuclear have limitations in scaling beyond the bench scale.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The mis-methylation between C and T is responsible for half of the top 400 rare diseases.
2:39:29 - 2:44:35 (05:06)
Summary
The mis-methylation between C and T is responsible for half of the top 400 rare diseases. A cohort of people in their mid-50s to mid-30s has conducted research on genetic rare diseases for the past 20-25 years.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The podcast helps to normalize tech by addressing normal people dealing with normal situations.
2:44:35 - 2:53:28 (08:52)
Summary
The podcast helps to normalize tech by addressing normal people dealing with normal situations. Woke activism, while important in certain contexts, can have negative consequences when it infiltrates companies and is not approached with a steelman perspective.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The danger of feeling superior or inferior can lead to developing a philosophy that some people are better than others.
2:53:28 - 2:57:28 (04:00)
Summary
The danger of feeling superior or inferior can lead to developing a philosophy that some people are better than others. The best leaders are the ones who do not crave power, instead, they want to feel just like everyone else.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The speaker discusses the topics of generational wealth, the idea of legacy, and questioning the purpose of life, with mentions of Millennials and Gen Zs receiving inheritances and the last words of Steve Jobs.
2:57:28 - 3:01:40 (04:11)
Summary
The speaker discusses the topics of generational wealth, the idea of legacy, and questioning the purpose of life, with mentions of Millennials and Gen Zs receiving inheritances and the last words of Steve Jobs.
Episode#338 – Chamath Palihapitiya: Money, Success, Startups, Energy, Poker & Happiness
PodcastLex Fridman Podcast
The host expresses his admiration for Jordan Peterson's intelligence and his ability to tackle complicated arguments, while also thanking him for being kind and making him feel worthwhile.
3:01:40 - 3:04:43 (03:03)
Summary
The host expresses his admiration for Jordan Peterson's intelligence and his ability to tackle complicated arguments, while also thanking him for being kind and making him feel worthwhile.