Title says it all. What's the broader consensus on Chamath? At first, I admired the way he articulated his ideas and his long-term view on investing. Now, although he's never afraid to say what's on his mind which is something to appreciate, it just seems like this guy really loves the sound of his own voice.
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“Billionaire of the people” who became rich by selling tulips and stealthily diluting those chumps into the ground while taking on near zero risk himself
his returns are great and I respect his game, which is making money. That being said, I wouldn't trust a word he says and after the Clover Health merger, I wouldn't trust his SPACs either. I don't think he can keep up his SPAC game when he abandons the SPACs like Virgin Galatic, and merge with shit companies like Clover Health. But honestly, this is really the fault of the buyers of his SPACs, as long as they keep buying, he'll keep making the phat sponsor fee. His ideas on technological trends seem to be pretty spot on, he definitely has an acumen for growth investments, but again, would not trust a word the man says or invest in his SPACs, the man is a snake (albeit with chicken legs).
Chicken legs
That was one of the most cringey things I've seen. I wouldn't let that guy get within 12 feet of my money.
What's this in reference to?
yet another rich cocksucker. nothing special.
He’s a very successful venture capitalist with some interesting ideas about the future, but he has also benefited greatly from a success bias (everyone sees his massive winners but no one remembers his losers) much like the VC industry as a whole. He’s managed to do extremely well for himself in the +10 yr bull run we’ve had, and I’m curious to see how he performs in a challenging environment for growth as the risk free rate creeps up. Ultimately, the question is whether his companies will earn their lofty valuations through real fundamental improvements.
Not a fan—another “holier than thou” who’s lived in the silicon/coastal bubble for too long.
Yeah, he kinda pisses me off.
His strategy involves saying leftist shit so that the young retail investing base dump their money into his shitty SPACs. Nothing more that a political activist Elon Musk.
He traded in his wife for a dime once he made it
it hurts to see someone living your dream
I think he's just mad at his receding hairline and gets more annoying the worse it gets
Loled
Was in the right place at the right time with facebook but tries to play it off as if it was a well thought out strategic decision to join the company because he "just knew" facebook was going to be something big.
Stock promoter on steroids. Brilliant.
If he's on steroids, then that's the saddest physique I've ever seen... Bezos is on TRT and looks great at a much more advanced age.
I don't think he means he's actually on steriods haha.
He is clearly very smart. But again, so are the majority of billionares who made their money through investing. When compared to them, I think he is pretty average among the group.
You should never trust anybody you see on television.
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Used to be a fan but not so much anymore.
He is very articulate and shares a bit of the deconstructionist view of our financial system that has become very popular lately. The clip of him saying "let the airlines fail" on CNBC with Scott Wapner, his adoption of Bitcoin and Tesla, his criticism of venture capital, and his support of WSB crowd has given him this "man of the people" vibe. Remember what he was saying during the GME craziness? He got on national TV and twitter and shit on anyone and anything that is rich other than him and said they "are screwing the younger generation." Only to get on Bloomberg 4 weeks later, get called out by Eric Schatzker and reply with "yeah I didn't do my research and my friends called me out on it, I was wrong." Then he spends another 20 minutes saying he is worth 10-15 billion and will create a new generation Berkshire Hathaway that is focused on climate change and wealth inequality. The Fed is pumping an unprecedented amount of liquidity into the system and everyone, especially Chamath, thinks they are some genius investor. This leads to my next point...
I think his ego is letting him get outside his true area of expertise, as far as investing goes. He made a lot of money on Facebook, Slack, Amazon, Tesla, and now he is launching an insane of amount of SPACs focused on climate change and wealth inequality. After 10 year rates spiked and his investments dropped 20%+ (most of them) he got on twitter and said it isn't a big deal because his thesis "climate change/wealth inequality" hasn't changed. My guess, and this is a huge stretch, he has replaced meaning in his life with climate change and politics like many billionaires once they exit their true area of dominance (and get a new wife because fuck it). I don't even have a problem with him attacking those issues, its just that he WANTS everyone to know he is attacking these issues and is still trying to sell it under "shareholder primacy" so people will buy his SPACs.
He went from a late 30s family man interested in young tech to a mid 40s bachelor preaching climate change and equality on every business network that will have him. Listen to his speech for Stanford GSB. He is up there chanting "get the fucking money! get the fucking money!" at young kids telling them that all the traditions they have heard about finance and value are shit. Some of the most arrogant stuff you will hear from a billionaire. Contrast that with some of the other people that have been on that same GSB stage. Ray Dalio, Vinod Khosla, Steve Schwarzman, all sounded 10x more humble and gave much better advice in my opinion. If rates really do go to 3-5% on the 10 year treasury over 5 years, he will be super fucked more so than most. He is cashing in big time on the SPAC mania and knows deep down he isn't worth the premium he is charging to 20+ companies, kind of bullshit. It seems like he is marketing himself as being able to identify growth investment opportunities (most with no cashflow) due to his superior worldview/vision of the future.
I guess I agree with OP. He can be fun to listen to when he is fired up and for sure has some great takes every now and then but he loves the smell of his own shit. We will see how his investments play out. He is obviously a smart guy and I wouldn't be surprised to see him succeed in many areas, but I have no doubt he will never be seen in the same light as Buffett despite his marketing efforts.
great writeup
Keeps charging fat fees for SPACs and then pumping them up. If you're a value investor, Chamath is the Tai Lopez of investing. Also so fucking full of himself. Listen to an episode of the All-In Podcast with him. He gives these super basic takes on the economy and politics but tries to sound like he's giving groundbreaking info. Only thing he loves more than inflating the SPAC bubble is hearing the sound of his own voice.
But he's from some poor ass village in Bangladesh or some shit, so of course, we must hail him as the god of capitalism.
It's a lot more impressive going from nothing to a couple billion than from being a trust fund baby and 4x'ing your parent's money.
Yeah... when I first tried the podcast it was fine, but the more episodes I listened to, the more it becomes a rant feast from four rich guys who live in their own bubble.
Same. It's really just 4 dudes talking about how they'd turn San Fran into the next Babylon now.
value investing is the Tai Lopez of investing
Sounds like a rare skin disorder. Was about to weigh in with some dermatology opinions lol
Strong username to post ratio
kind of acts like how he thinks Elon musk would act
I respect him for his financial acumen but he is just another deep state actor who has captivated the masses with theatrics. There is an interview of him preaching how he wants to be one of the 150 people in the world who control everyone else...and people cheer him on when he says this. He's also admitted many times how he knowingly took part in creating social media which is currently "tearing apart the fabric of society" and now he feels like he needs to make things right so he's championing climate change as the answer.
He's riding the stock market wave with these SPACS, just like others so it's nothing groundbreaking. Many of the companies the SPACS end up buying up are also in the red after a few weeks in terms of stock price. He is now doing the same with the NFT space.
It's astounding how so many people worship this guy. Just another tech billionaire who is deeply entrenched with corrupt politicians/government but championing himself as a savior to the people.
It's crazy how that interview goes so unknown or ignored.
I think he knew what he did at Facebook was detrimental to society as a whole, but recognizes that you have to have a certain level of capital in our society to accomplish certain things. At least he's self-aware about it.
if all of these investment ideas were so great, he'd keep them to himself or charge for the privilege. never trust someone who self promotes their investment abilities to the public without disclosing their own positions.
You can't trust anyone that has been in Silicon Valley for 10+ years.
Being rich and famous---------------wanting people to know you're rich and famous
if you're that good do you have to tell ppl-----------------its not bragging you did it
The two above create some kind of matrix, he falls somewhere inbetween them
He seems like a guy who got beat up in high school for good reasons.
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