Episode
E109: 2022 Bestie Awards Live from Twitter HQ
2:17:14
Published: Sat Dec 24 2022
Description
(0:00) Bestie catch up! (3:05) Kicking off the 2022 Bestie Awards (4:12) Biggest winner in politics (9:11) Biggest loser in politics (16:37) Biggest political surprise (23:35) Biggest winner in business (29:48) Biggest loser in business (42:21) Biggest business surprise (51:16) Best science breakthrough (57:36) Biggest flash in the pan (1:42:24) Best CEO (1:47:38) Best investor (1:51:21) Worst investor (1:52:22) Best turnaround (1:55:58) Worst human being (1:59:57) Most loathsome company (2:01:32) Best new tech (2:02:34) Best trend (2:05:09) Worst trend (2:07:50) Best new media (2:10:26) The Rudy Giuliani Award for Self-Immolation! Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://civil.ge/archives/469054 https://www.popularmechanics.com/military/weapons/a39946577/us-to-replace-javelin-stinger-missile-stockpiles-sent-to-ukraine https://www.investopedia.com/terms/c/capm.asp https://www.wsj.com/articles/bob-iger-bob-chapek-disney-coup-11671236928 https://twitter.com/TwitterBusiness/status/1605651865818914816 https://www.bloomberg.com/opinion/articles/2022-12-13/crispr-gene-editing-breakthrough-brings-cancer-cures-closer https://twitter.com/ShellenbergerMD/status/1604871630613753856 https://www.amazon.com/San-Fransicko-Progressives-Ruin-Cities/dp/B08V3DV718 https://twitter.com/ShellenbergerMD/status/1491418120086454278 https://twitter.com/seanhannity https://youtu.be/HBiV1h7Dm5E https://www.amazon.com/Vital-Question-Evolution-Origins-Complex/dp/0393088812 https://www.amazon.com/Life-Ascending-Great-Inventions-Evolution/dp/0393065960 https://www.amazon.com/Putting-Rabbit-Hat-Brian-Cox/dp/1538707292 https://www.amazon.com/Audible-Cinema-Speculation/dp/B09V3FTWKY
Chapters
The host talks about having dinner with Chamath Palihopitea and having a Besties Awards event with his friends conducted every year.
00:00 - 02:26 (02:26)
Summary
The host talks about having dinner with Chamath Palihopitea and having a Besties Awards event with his friends conducted every year.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speakers discuss their predictions for the biggest political winners of 2022, with one previously predicting Xi Jinping as the winner for 2021, and another suggesting an unexpected winner may emerge.
02:26 - 08:42 (06:15)
Summary
The speakers discuss their predictions for the biggest political winners of 2022, with one previously predicting Xi Jinping as the winner for 2021, and another suggesting an unexpected winner may emerge.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The biggest political blunder of this year was when Blinken said that NATO's door must remain open, potentially causing the disastrous war.
08:42 - 14:23 (05:41)
Summary
The biggest political blunder of this year was when Blinken said that NATO's door must remain open, potentially causing the disastrous war. Also, the politicization of Fed Chair Jerome Powell surprised many, and the European Union was the biggest political loser outside of the United States.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The subsequent political push to outlaw abortion has been rejected even by red states like Kentucky and Kansas, reinforcing a woman's right to choose and potentially exposing the Supreme Court's lack of touch in their recent decision on Roe v. Wade.
14:23 - 17:54 (03:30)
Summary
The subsequent political push to outlaw abortion has been rejected even by red states like Kentucky and Kansas, reinforcing a woman's right to choose and potentially exposing the Supreme Court's lack of touch in their recent decision on Roe v. Wade.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The increase in interest rates had a deeper and more significant impact on the market and various industries than anticipated, leading to the downfall of growth stocks, cryptocurrencies, and hedge funds.
17:54 - 24:24 (06:30)
Summary
The increase in interest rates had a deeper and more significant impact on the market and various industries than anticipated, leading to the downfall of growth stocks, cryptocurrencies, and hedge funds. Even Japan raised rates after years of negative interest rates and yield curve control.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses the breakthrough moments for open AI and fusion startups in the business world, but also highlights the importance of understanding the capital asset pricing model for successful investments in the stock market in 2022.
24:24 - 29:48 (05:24)
Summary
The speaker discusses the breakthrough moments for open AI and fusion startups in the business world, but also highlights the importance of understanding the capital asset pricing model for successful investments in the stock market in 2022.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The FTX failure exposed systemic laziness, bias, and a blind eye that enabled fraud.
29:48 - 33:53 (04:05)
Summary
The FTX failure exposed systemic laziness, bias, and a blind eye that enabled fraud. It had implications for various sectors, including offshore regulatory, investors, and journalists. In 2020, the speaker predicted that crypto would be the biggest loser in 2022.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses what an up and coming executive can do when presented with the opportunity to be groomed for a CEO position.
33:53 - 38:01 (04:08)
Summary
The speaker discusses what an up and coming executive can do when presented with the opportunity to be groomed for a CEO position. They also touch on the idea of avoiding political drama in the workplace.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The show/movie has impressive directing, writing and acting.
38:01 - 45:17 (07:15)
Summary
The show/movie has impressive directing, writing and acting. There is a diverse range of interesting characters, who weave together an extraordinary story, which is both whimsical and heart-wrenching. In the latest season, there was a lot of drama and negotiations, along with an impressive set design.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In the future, people will have secondary or even tertiary badges specific to their affiliations and will require dealing with the fact that knockoff platforms do not offer the same distribution.
45:17 - 51:00 (05:42)
Summary
In the future, people will have secondary or even tertiary badges specific to their affiliations and will require dealing with the fact that knockoff platforms do not offer the same distribution. Corporate journalists will welcome this feature as they could have their specific badge next to their names in social media.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker emphasizes the importance of not misallocating human capital into endeavors better funded by the government, emphasizes the importance of fusion as a breakthrough, and discusses the expected rate of return for investments in fusion based on the capital asset pricing model.
51:00 - 55:11 (04:10)
Summary
The speaker emphasizes the importance of not misallocating human capital into endeavors better funded by the government, emphasizes the importance of fusion as a breakthrough, and discusses the expected rate of return for investments in fusion based on the capital asset pricing model.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The development of base editing, which allows for the eradication of blood base cancer, is the most important scientific discovery in the past decade and has the potential to be used in the treatment of solid state tumor cancers.
55:11 - 59:25 (04:14)
Summary
The development of base editing, which allows for the eradication of blood base cancer, is the most important scientific discovery in the past decade and has the potential to be used in the treatment of solid state tumor cancers. Additionally, the author argues that the ideologies of Thatcherism and Reaganism are not applicable in modern-day politics.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The implementation of views on a platform like Twitter requires a system-wide 3 million transactions per second.
59:25 - 1:09:22 (09:56)
Summary
The implementation of views on a platform like Twitter requires a system-wide 3 million transactions per second. Recent changes and quick actions demonstrate the significant improvements made by Twitter in terms of the quality of their product and reducing costs, despite some people finding it hard to get rid of bots.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast explores the ethical implications of trolling and bots on social media, comparing fully automated accounts with troll farms that employ real humans, discussing free speech and where to draw the line when it comes to inappropriate content.
1:09:22 - 1:14:35 (05:13)
Summary
The podcast explores the ethical implications of trolling and bots on social media, comparing fully automated accounts with troll farms that employ real humans, discussing free speech and where to draw the line when it comes to inappropriate content.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The CEO acknowledges that there have been mistakes in the past, but will recover from them quickly, especially from the innocently caught-up suspensions or shadow banning, emphasizing the importance of clearing the decks for future trust.
1:14:35 - 1:22:06 (07:31)
Summary
The CEO acknowledges that there have been mistakes in the past, but will recover from them quickly, especially from the innocently caught-up suspensions or shadow banning, emphasizing the importance of clearing the decks for future trust.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The idea of a secure skiff that sends information to manipulate the populace seems like a dystopian novel.
1:22:06 - 1:24:28 (02:21)
Summary
The idea of a secure skiff that sends information to manipulate the populace seems like a dystopian novel. The Hunter Biden thing versus PsyOps is just one example of overzealous liberals getting used.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The FBI heavily requested that Twitter executives take down any Russian disinformation during the 2020 election.
1:24:28 - 1:32:01 (07:32)
Summary
The FBI heavily requested that Twitter executives take down any Russian disinformation during the 2020 election. Twitter executives have begun to push back against these requests and some alarm bells regarding the pushback from intelligence communities have been rung.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast episode discusses the potential negative consequences of incentivizing behavior in policies meant to help people in need, such as homelessness.
1:32:01 - 1:36:33 (04:31)
Summary
This podcast episode discusses the potential negative consequences of incentivizing behavior in policies meant to help people in need, such as homelessness. It explores the balance between doing the right thing for people while making sure policies are done in the right way.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The pace at which decisions are made is more important than the accuracy of the decisions made, according to a Silicon Valley entrepreneur.
1:36:33 - 1:40:07 (03:34)
Summary
The pace at which decisions are made is more important than the accuracy of the decisions made, according to a Silicon Valley entrepreneur. He argues that a bias to action is more predictive of success than the decision-making itself.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The CEO of Klarna is praised for cutting costs and extending runway during the regime change.
1:40:07 - 1:46:46 (06:38)
Summary
The CEO of Klarna is praised for cutting costs and extending runway during the regime change. The negative cycle caused by the feature of 'likes' on social media platforms is discussed.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The discussion revolves around the effectiveness of capital allocators and the investment strategies that are run by computers.
1:46:46 - 1:51:27 (04:41)
Summary
The discussion revolves around the effectiveness of capital allocators and the investment strategies that are run by computers.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The past year saw a realignment in portfolios, where people who were overinvested in sectors that benefited from certain dynamics got run over.
1:51:27 - 1:55:53 (04:25)
Summary
The past year saw a realignment in portfolios, where people who were overinvested in sectors that benefited from certain dynamics got run over. Those who did not understand this suffered the most.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The possibility of using prescription medication as an insanity defense in the criminal justice system is discussed in this podcast episode.
1:55:53 - 1:59:59 (04:05)
Summary
The possibility of using prescription medication as an insanity defense in the criminal justice system is discussed in this podcast episode.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The use of generative AI tools like ChatGPT has revealed new possibilities for product experiences, and has lead to a surge in startups leveraging these tools to reinvent various industries from workplaces to media and entertainment.
1:59:59 - 2:03:24 (03:24)
Summary
The use of generative AI tools like ChatGPT has revealed new possibilities for product experiences, and has lead to a surge in startups leveraging these tools to reinvent various industries from workplaces to media and entertainment. Fusion is predicted to be the best new tech category for this advancement.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The idea that interest rates and the Fed are the sole drivers of success or failure in businesses and investments is a flawed assertion, as people can now use generative AI tools to narrate and create the product they want to see on the fly.
2:03:24 - 2:08:35 (05:11)
Summary
The idea that interest rates and the Fed are the sole drivers of success or failure in businesses and investments is a flawed assertion, as people can now use generative AI tools to narrate and create the product they want to see on the fly.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses his pick for the Herschel Walker award and praises Herschel Walker for his work in understanding the origins of life.
2:08:35 - 2:14:46 (06:10)
Summary
The speaker discusses his pick for the Herschel Walker award and praises Herschel Walker for his work in understanding the origins of life. Later, he also recommends a short series called The Patient, available on Hulu.
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The discussion revolves around the finding of President Trump's substantial tax returns, the numerous loopholes and questionable exemptions his accountants made use of and the overall ridiculousness of the tax system regarding the real estate industry.
2:14:46 - 2:17:48 (03:02)
Summary
The discussion revolves around the finding of President Trump's substantial tax returns, the numerous loopholes and questionable exemptions his accountants made use of and the overall ridiculousness of the tax system regarding the real estate industry.