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cover of episode E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more

E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more

2021/4/1
logo of podcast All-In with Chamath, Jason, Sacks & Friedberg

All-In with Chamath, Jason, Sacks & Friedberg
AI Deep Dive AI Chapters Transcript
People
C
Chamath Palihapitiya
以深刻的投资见解和社会资本主义理念而闻名的风险投资家和企业家。
D
David Friedberg
美国企业家、商人和天使投资者，创立并领导了The Climate Corporation和The Production Board。
D
David Sacks
一位在房地产法和技术政策领域都有影响力的律师和学者。
J
Jason Calacanis
一位多才多艺的美国互联网企业家、天使投资人和播客主持人，投资过多家知名初创公司，并主持多个影响广泛的播客节目。
Topics
Jason Calacanis: 讨论了散户投资者参与和SPAC市场现状，对SPAC市场未来的发展趋势表示担忧。 Chamath Palihapitiya: 对SPAC市场现状及未来发展趋势的担忧，认为市场将面临困难，并强调谨慎投资的重要性，同时解释了对冲基金的风险管理策略差异，并分析了Archegos事件对市场的影响。 David Sacks: 私募市场估值过高，建议关注现有投资组合并进行风险管理，并分析了美国政府债务过高的问题及其风险，认为政府过度支出，缺乏财政责任。 David Friedberg: 私募市场PIPE交易数量减少，投资人对交易条款要求更高，风投投资策略，认为市场决定价格，投资人应选择优质公司，并对美国政府财政政策表示担忧，认为缺乏制衡机制。 Jason Calacanis: 对美国政府财政政策的担忧，认为缺乏制衡机制，并讨论了投资策略的差异，选择投资方向的重要性。 Chamath Palihapitiya: 分析了Archegos事件的原因和影响，并与LTCM事件进行了比较，风险管理的重要性，建议关注优质公司并进行长期投资，对Archegos创始人Bill Huang的背景和宗教信仰的评论。 David Sacks: 分析了拜登政府的财政支出计划及其对美国债务的影响，并讨论了财富税提案及其对加州经济的影响。 David Friedberg: 投资策略的局限性，专注于特定领域的投资，并对加州财富税提案表示担忧，认为会损害加州经济。

Deep Dive

Chapters
The discussion covers the current state of the public and private markets, focusing on the surge in SPACs and the potential difficulties they may face in the future.

Shownotes Transcript

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)

Referenced in the show:

Axios - Changes to capital gains taxes omitted from Biden's infrastructure plan

https://www.axios.com/biden-infrastructure-plan-capital-gains-taxes-318224d2-84f8-4c48-b5db-bbcec5fdd74f.html)

Cal Matters - A wealth tax could sabotage California’s recovery

https://calmatters.org/commentary/my-turn/2021/03/a-wealth-tax-could-sabotage-californias-recovery)

Healthline - COVID-19 Vaccines May Help Stop Virus Transmission: Here’s What We Know

https://www.healthline.com/health-news/covid-19-vaccines-may-help-stop-virus-transmission-heres-what-we-know)

Show Notes:

0:00 Besties intro, state of the public & private markets

18:54 Chamath receives inspiring note re: last week’s longevity talk

21:17 Archegos debacle, issues with trading on margin

32:26 Biden’s infrastructure bill, US government becoming overleveraged

45:45 Potential tax hikes, inefficient deployment of capital, California wealth tax impact

52:59 Trade off between freedom & equality, how free markets spur innovation, generational changes

1:05:14 Is a wealth tax constitutional? Vaccine update