In this episode of Yahoo Finance Presents, Social Captial Founder and CEO Chamath Palihapitiya sat down with Yahoo Finance’s Julia La Roche to discuss topics such as capitalism in the modern era, big tech, the future of social media, fiscal and monetary policy, trickle down economics, and many more.
#ChamathPalihapitiya #coronavirus #COVID19
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Chamath is always good to listen to
Thank you for the video Chamath!!
From srilanka😍🇱🇰🇱🇰
Chamath is not the hero we deserve, but the hero we need.
Explain?
as far as i know he wants to remove day traders from the market , because he’s a long term passive investor , he even just said main street doesn’t have access to the securities market , which an utter lie , they have access unlike ever in history, if a person takes the 10 grand they made in a year at McyDs and learns how to fleece market fluctuations they can make the same amount each year in the market, it still 6 to 10 hours a day, but its seems like a person can find a better future fleecing the wealthy rather stipping and fetching for them, but he did just lie about that as it is a fact, 30 % of the stock makes over 100% PL as active traders, and 70% of market makes about 10% PL threw passive long term investing, one is wealth enhancement, the other is active income creation
I kinda like him
He sounds compose n rational u know like a grown up. Like a real one. I could use some of that in my life. My ideassss are crazayyyg
Yahoo 🤮
10:04 The politics of social media
She wants him
She so wants him haha
Esquire How you know 🤣
great interview
Yang Palihapitiya 2024
Chamath! You’re the man! Thanks for all your knowledge!
Chamath is a great public speaker. He’s also funny and kinda woke with the kids… He should run for President.
He may be a good person and business man. But please no more business man in the WhiteHouse. The U.S. isn’t a company it’s a government. Put him in the cabinet.
Also not natural born citizen
Trey Tung so unfortunate
One of the great investors of our time!
Chamath is the real deal
Chamath needs to start doing something, like running for office or Governour. Create some change. I’ve been listening to him for too long to not want him to act.
Mixed on this guy. A good business mind, but the source of his wealth, Facebook, he says he regrets helping to create.
Meanwhile, he seems somewhat of a social radical. Has called the the Founders of Stanford and Yale “scumbags”. Well Chamath, why not use some of that money that you regret the source of and make your own University. Can you really do any better? Are you without your biases and bigotry….not convinced.
@Evan Moyer Hating the founders of a nation you immigrate too. Not a lot of logic in that.
Similarly not a lot of historical knowledge on your end.
@raj jar Fair enough, but I think he’s only worth listening to on economics, besides that he’s pretty ignorant.
@TheNateness123 Why lecture everyone then?
United States of Post America he was hating on the founders of a college not the founders of our country, your point is very illogical. It’s funny hearing people say stuff about people when they aren’t near as smart as them nor do they actually know anything about the person
If you watch his interview at Stanford, he talks about what he can do with that capital he got from Facebook that he is guilty about. He talks about reallocating it for good and bringing his worldview to a table that is very homogenous in its composition.
So what would be his stock picks? For clean energy. NEE?
RUN & AMRC
Hero.
What incredible humility—an example for all.
nice shirt, which brand is that, i wonder
He got my vote.
I like this dude.
His down to earth explanation of the markets is really cool.
Albert Einstein said socialism was the right way to organize the economy. I agree with Einstein in regard to peoples needs. What a population needs in order to be healthy and educated, should be given them by government. However, in regard to what peoples want – let capitalism rule, but not without accountability.
How about you have good corporations that actually work for the benefit of people, push for fairer principles within business. They could break down the rules from the inside and rework society in a new image. Who’s to say it would go well but let’s not look at socialism it kinda kills millions on average.
Chamath for president!
Spot on..Only truth.
An advocat of Helicopter Money
Is this the same as “SoCap” like the investor’s conference that happened in Minneapolis before the George Floyd murder and protests, etc?
Chamath knows his stuff 😉
I was on board until he said AOC is an economic genius, totally undermined everything else he said.
if that’s the case maybe you should question your assumptions about AOC instead of throwing the other 99% out the window..
Chris Volkernick what assumptions? I’m just saying she couldn’t tell you the difference between supply side or demand side economics if she really tried. I’m not saying she’s a bad person; I’m just saying she’s not an “economic genius”.
Genius meaning she understands these BS schemes corporations run that fleece the consumer and taxpayer. Genius in understanding the relationship between campaign donations and corporate favoritism.
Grew up on welfare, 10k collage, wants gov out of the way cause we can take care of ourselves. Lol
So* we can take care of ourselves.
Are you intentionally misunderstanding what he said? Or you just don’t get it?
Would’ve been president in 2024 if he was natural born citizen
And if he wanted to lol
What a great guy
His camera is on their level of not better
His audio is better
The lighting is key, he’s in a full sun spot
Chamath’s description of the great unifier of our political poles best describes what makes Andrew Yang the best candidate we had and will have for 2024.
I started investing for the same reasons he’s stating here, I have shares in virgin galactic and I don’t care if they drop because I believe in these ideals.
Great, humble dude! Listen to him when he speaks.
one of my faves
I like Chamath but would probably place Ark Invest above Social Capital in terms of “The Next Berkshire”
hell no lol
I pray I’m dead if Cortez ever becomes president. This guy sounds smooth and optimistic but bereft of the importance of currency flowing as rapidly at the top as it is important at the bottom.
Smartest man I know
Julia, great interview!!!!!! thank you!
@Julia La Roche no way!😂
i see chamath i click
This guy is the leader we need, not the 80 year old fartbags we have.
Chamath Palihapitiya is sharper than a samurai sword. Every sentence he says hits home, like a samurai, nothing is wasted.
Chamath has no idea how much pants cost.
Get Andrew Yang and this guy for 2024
Like me, a foreign born naturalized citizen cannot become POTUS, or VP.
X-ray cost in Japan 120$ X-ray cost in USA 1500$. Hepatitis C drug cost in India 235$ in USA 50k. I can go on with thousands of examples in different sectors of life, greed is literally destroying this country.
Amazing guy!
Any SPCE investors here ?
Bought some 2 days ago right before the 20% spike 😝
chamath should create a fund where retail investors can get into companies like Spacex, Impossible Burger, etc. Chamath could pick the companies and we could all invest – with Robinhood. Please do it. Put in a 10% load that goes down 1% a year for each year you are in so we can just keep putting it into companies like Spacex and Tesla, instead of Boeing or GM. Please, Please, Please.
He is currently chairman of Virgin Galactic which is publicly traded.
Look into SPACs (special purpose acquisition company). Google the stock tickers IPO.B and IPO.C. No need to thank me after Chamath helps you 10x your $$$.
A society based on consumption financed through debt basically sums up America.
Does it? IDK but maybe you can explain with real world examples and wiki links. Or just don’t cause you don’t know either lol. IDK, do whatever bro
Who is this guy? If he wants AOC to be president I am so out of here
ddtg
Chamath – better approach is to drive down the price of housing via taxes. Lower housing costs would result in more consumption. Yes, real estate would be hit, but it’s a 30 years duration and can adjust
Or stop artificially suppressing mortgage rates. Let them go back up to 15% and home prices will be reasonable again.
michael weyenberg yep, and gov guarantees from Freddie et al, salt deductions, savers subsidizing housing, bankers churning properties, not a peep from a politician
when the poor eat the rich they will not eat Chamath for one he is to skinny .
When is that and does this comment imply that a revolution/change of wealth is about to happen? explain?
I had to turn off this interview when he started waxing nostalgic about socialism from inside his posh mansion.
He regrets that AOC for president comment if he believes government should get out of the way.
Yeah, that tid bit literally contradicted most of what he said.
Does anybody know Social Capital stock symbol??
It’s a venture capital fund that’s private
@Brian Okello thanks
You are able to trade in his SPAC. It is a special purpose fund that allows you participate in “hedges” or specific IPOs that are financed through social capital. But do your research. Know what your buying. The ticker is IPO. There are several to choose from each comprised of different assets so again…know what your buying. Hope this helps.
You lost me @ AOC
Seriously, literally came out of nowhere.
@CAPITALUST 🤣
I would be long on Social Capital for life if it goes public
Facebook is not leaning right lmao. Liberal companies want to control your speech so they are trying to pull ads.
I see Chamath
I click
I like chamath but I’m always flabbergasted by the political naivete of very intelligent people.
A truly intelligent humble and global social and space knowledgable person. My startup capital and the financial firm would like to discuss and follow his footsteps and work together with success. Keep all up Chamath.
RU kidding me.regulating tech companies. how bout starting with regulating heAlthcare.. our national healthcare NEEDS to be regulated before tech companies get regulated. Just as a priority. What is the status of that better efficient healthcare system that 45 was supposed to deliver, but that got swept away.
I just hope chamath doesn’t go evil bond villain type
I have an alert set for every time a Chamath video comes out. Too bad he was born in Sri Lanka. He would make a great President….
Many of the former French colonies in Africa still maintain economic and cultural ties with France. Quite a few have modeled their national health care systems on the one used in France (which is truly world class). The nation of Senegal, a former French colony, has provided itself as an example of stellar results in successfully combating the virus (key metrics include a low Case Count per 100,000 and low Death Count per 100,000).
Back in Feb & March 2020 when Dr. Didier Raoult (MD/Phd) of France published his breakthrough 3-part cocktail treatment (hydroxychloroquine + zinc supplement + Z-Pak), the national health officials of Senegal adopted this treatment as its “National Health Care Standard” for covid-19. This meant that its clinics used it comprehensively with an early-stage strategy. This treatment, to be most effective, is to be started at the earliest noticeable point of fever, sore throat, aches and cough (often the 1st evidence of a covid-19 infection). The cocktail treatment soon became controversial. The worldwide mainstream media and a series of studies completely ignored the crucial time-line aspects of the treatment, a serious lapse. Some bogus studies ignored the zinc part of the cocktail.
Since the French treatment protocol, properly dosed, (despite MSM claims), is incredibly safe if heart patients are screened out, there is no reason NOT to initiate treatment for most early-stage patients. This prompt movement into the protocol, using proper dosing under a physician’s care, proved highly effective. This is what was used in Senegal. In fact, it led to a high pct. of virus elimination in 5 to 8 days (i.e. before it became overwhelming to the body). For anyone prescribed the protocol, patients who start early on the time-line can see symptoms disappear as early as the 3rd day, typically becoming virus free by day 7 or 8. It costs $27.00-$39.00 and is administered orally. No injections.
A secondary but important benefit of an EARLY STAGE treatment protocol is that it results in a very low rate of admission to hospital ICUs and other clinical emergency facilities. Thus, it greatly reduces the load on the local health care facilitates. It obviously also reduces doctor fatigue, the need for intubation, and the need of a large number of ventilators.
Thus, using this as their National Treatment Standard, the Senegalese medical doctors were able to manage the covid-19 problem quite ably. They demonstrated an exceptionally high cure rate when factoring in the significance of co-morbidity factors to the statistics and low death rate. You don’t even really need a vaccine if you have a treatment protocol that works this good.
Ironically, some might say tragically, even though the early-stage protocol was developed by a French doctor, the elite medical establishment in France did not make it the National Standard of Treatment. As a result many thousands of people died needlessly, not to mention even more who suffered horribly in the ICU, laid low by the “cytokine storm” which comes later on the time line. To throw gasoline on the flames, the French main stream media attacked Dr. Raoult and lampooned the treatment as though it were some type of fraud. He did not take it lying down & defended his protocol, launching a 1,000-patient observational study that plainly demonstrated the best results of any treatment yet offered up in the world. This led to more reprisals by the French press & certain TV personalities. He did not cave in to this and began an even larger 2,000-patient observational study that reinforced & solidified the results of the 1st study. This weight of evidence changed a lot of minds in France, even among the politicians & the medical bureaucracy. Once the French people realized they were being denied the treatment, a surge of public outrage occurred.
So, while France was wrangling over the issues common to nationalized health care, the nation of Senegal, with a much lower national budget than France, was able to outperform not only France, but all the leading nation’s of Europe. Senegal, using an intelligent well-supported medical protocol that the doctors knew would work, avoided the political fray, and for the good of their people provided a sensible national healthcare response to the covid-19 virus. By simply conforming to the dictates of science, and science alone, they achieved a stellar result. Their national political leadership is to be highly commended. By wisely keeping politics & media bias out of the equation, the government showed that you don’t have to be a rich and powerful nation to make good governmental decisions. They allowed their doctors to be doctors, and did not restrain them from treating each patient to the best of their ability. By avoiding extraneous intrusions into what should always be a scientific process, the doctors of Senegal were able to provide the best course of action for their patients. The fact that were supported by the good decisions at their top governmental levels is in stark contrast to what happened in Europe. The exceptionally good national result of Senegal, I might add, is to be envied by the United States as well. It STILL finds itself befuddled and stymied by its own nervous medical community, its FDA, CDC, NIH, etc. Such a bungled national response has certainly called into question the leadership qualities of the medical elite there and stung the pride of a nation prone to bragging about being the best.
Senegal achieved what Senegal achieved. Stop “intellectualizing” a way to take credit and give it to France. France had much bigger issues than Senegal so clearly they didn’t get as correctly as Senegal
We have an entire take fest going on in this country producing an entire government whose only goal is to extort and cause harm to humanity not help and be beneficial to any of us. So why have them? Replace all governments with a fair and just AI for the people. Tired of the arrogance in government and it needs to be purged for good.
AOC is a sell out to the progressive cause. She has become in short order, a career Democratic politician.
This recent Covid-19 outbreak has left a lot of people unemployed and reduction in salary, however making money online is a better alternative investing in binary option has been a massive source of income to me even with the on-going pandemic I still get to earn weekly.
I’ve heard so much positive news about Mr. Bernard trading strategy I will be contacting him think it’s about time I get into binary although it’s been really amazing for me and my family in the real estate sector.
Sounds interesting thank you for the info Walter.
I will check him out
How can I reach him through mail?
@Walter Davis Well appreciated I will text him
@vasilis perdikakis You can can reach him bernardeberstark gmaïlcom
“Put money in the hands of consumers” ….. all that consumer spending will exacerbate global warming…. global warming cannot be solved with technology…. electric cars, solar panels etc. Global warming is a moral problem.. a problem of greed
This guy is amazing. He’s got it right . . .
Is this really true – “In other places people had to be there because they loved it while at silicon valley people are there because they think they will get paid” . Didnt understand this, aren’t people working in corporate jobs at most places because they get and paid not because they are passionate about it ?
“Chamath: we are exacerbating inequality”. She literally said that and he agreed. And they made it his statement??
The world needs more people like Chamath Palihapitiya than Belle Delphine
i am listening 3 rd time , Julia good job ?
Is Chamath short form for
champion in maths. ?
This guy is smart at explaining stuff in a simple way….
About education he hit the nail in the head. It’s a jooooookkkkkke. How can someone pay that much then finish and not get a job. It’s a game controlled by the few wealthy guys a controlled game where its very very hard to win. He said it himself. A degree should be 5k max it’s a commodity and not a luxury. And being successful is hard as he said its controlled and they made it very hard to be successful as an entrepreneur.
Please take the company public. i want in, i want to join you on this journey! …Not that you read Yahoo’s youtube channel comment.
What about the devaluation of dollar coming in near future ? That would create havoc.
WEALTH is when you can have your landscapers mow your lawn right outside your window but the room is so quiet you can do a televised interview
Take your company public and I’ll invest, Chamath. We need more people like him
His company is public Social Capital Hedosophia II (IPOB-U). 👍
It so easy earning bitcoin hack online with Maskoffweb,com platform they sent me 14btc hack transfers today so awesome
Chamath can slap a sick burn on somebody and make it sound like well thought out, friendly advice. Such a gift.
U forgot to add q, x ,z to your name🤭
The fact that a former Goldman Sachs exec and hedge fund manager is the treasury secretary today is very telling of who Trump wants to help since the first day
until he said he like AOC. ‘Never go full retard”
Could you elucidate on the phenomenon of investing in the Execution Risk phase rather than Product or Market Risk phase? Thanks!
Amen 🙏🏻
AOC stands for literally for communism, canceling the police and basically racism (blaming white people for everything, segregation and discrimination)… I am a left-centrist and I fear the far left more than Trump, because my parents suffered at the hands of the communists and AOC is exactly how most communists start and what it ends up in disaster.
Yes, Incentives, incentives, incentives. There was one presidential candidate that mentioned incentives more than anyone and that was Andrew Yang so I’m surprised he’s focused on AOC.
I bought Tesla thanks to his interview a year ago, or rather because of the way he was dismissed by the interviewer. That told me that the market hadn’t yet recognised what he did. I only wish I’d bought a lot more
“we should move towards more capitalism” some guy says literally from a mansion.