We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars

E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars

2021/12/23
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
David Sacks:埃里克·亚当斯当选纽约市长是政治上的最大赢家,因为他反对“觉醒”的政治正确,赢得了不同族裔选民的支持。他还谈到了其他政治赢家和输家,以及一些重要的政治事件。 Chamath Palihapitiya:区块链技术是政治上的最大赢家,因为它挑战了中心化控制系统,并引发了对现有政治和经济秩序的反思。他还讨论了商业和科技领域的赢家和输家,以及一些重要的趋势和突破。 David Friedberg:格伦·杨金在弗吉尼亚州长选举中获胜是政治上的最大赢家,因为他采取了温和的、中间路线的竞选策略,赢得了两党选民的支持。他还谈到了商业和科技领域的赢家和输家,以及一些重要的趋势和突破。 Jason Calacanis:乔·曼钦是政治上的最大赢家,因为他成功地阻止了“重建美好未来”法案中一些不受欢迎的支出。他还讨论了商业和科技领域的赢家和输家,以及一些重要的趋势和突破,并对未来进行了预测。

Deep Dive

Chapters
The episode kicks off with a discussion on Web3 and Jack Dorsey's role in the escalating debates. The hosts explore Dorsey's views on blockchain technology and his departure from Twitter.
  • Web3 is a decentralized vision for the internet, challenging current centralized models.
  • Jack Dorsey, former CEO of Twitter, is a vocal supporter of blockchain and Bitcoin.
  • Dorsey's ship posting spree reflects his commitment to censorship resistance after leaving Twitter.

Shownotes Transcript

Translations:
中文

Hey, everybody, welcome to another episode of the all in podcast. And IT is our year and episode IT is our twenty twenty one busy awards. This is where we give our awards for the best and worst of what happened in twenty twenty one we did at last year kind of have hardley.

But this year, hopefully we will put a little bit more work into IT with me again, of course. David freedman, g uh, the sulton of science, the rain men, David z. Ax and sweet jesus chmagh poy hota. How's everybody and ready to go to anybody .

do their home work? Oh my god. We are nine away from episode sixty nine and where we will have a special guest.

special guest who i've given the choice of coming on episode .

sixty nine or. He can do what every once.

basically you committed.

Jack k.

don't talk about .

if you stop grinding jack a 验。

maybe if you stop dunking on jack for no reason. You insufferable sex. Seriously, you you suffered enough that, like I believed, potential gas chamois alienated best. Now you're getting .

in on to jack together.

who.

oh my god.

is so close. Lr, we know who the other .

person, critics, critics. S.

he is a general partner .

in recent .

horror .

who runs the crypt of fun.

No, nice. IT wasn't just me.

We couldn't get the partner in charge of human capital at excel.

You're you're going to look at far a field. Chris posted something pretty inox. So three and jack jump ed down the .

throat .

and a te IT .

wasn't just me, Jason. Now you're pretending you retweet a photo of jack jumping down Christie s and throw and saying, wo what's .

going on here now you can .

pretend now you can pretend like .

he was trigger by me he wasn't really but .

little jack after dark jack is gone .

wild cries tics and .

did did try a little mishap prison jack other .

who quit its his job and then goes on a ship posting RAM page and really .

like you did your gamer. Like you moted after shooting down.

i'm just one of his casualties. There's a bunch of people I thought .

jack energy is great. I think he twitter want to. he.

Walk chain, clearly, he has religion on this, and he believes that is the future of the internet, and he cares deeply about the democratization of access to finance. And I think IT will be awesome to hear his views on this. I would to come on and not be badgered about censorship in the role that he used to run. How would you like him talking to you about not being the C.

E. O of energy? The question, the reason why he loves bitcoin is for the censorship resistant. So why, when he had the opportunity as of twitter, didn't he stand tall for resisting .

sensor ship? He, dave, maybe he did .

between the lines.

I don't think he has the answer to the twitter mob and try to say, here's all the .

hard decisions I made that you guys didn't see.

And the president.

in citing a riot at the capital .

list and published and say, look at me, i'm such a good boy. I means reasonable and .

a reason question for me to yeah but the .

way you were asked IT was like, isn't jack at an asscher like praying? But apa, like you are full dunk mode. I know that one of your comedy writer ers right, most tweet for you. Did you get that was out .

of punched up twice .

or .

not IT was a punched up actually be funny?

no. IT was .

not punched up .

so funny er .

than you actually are that's but not .

my people.

Nothing to do, nothing to do with .

we're getting lost in the weeks .

here we to the twenty twenty one best awards.

Now I just put in like everybody like dance of washington and you know.

like we the screen shots from, like the sky from the eighties.

tom cruise getting up and sharing and booking. Okay, here we go.

我要 会说。

There's a lot of stake here, folks, and we're going to start you off with biggest winner in politics, a very difficult decision here. Sax, biggest wearing politics.

Hoodia, got, I got eric atoms, the new mayor of new york city. He was a huge underdog candidate. He won by not being woke. He rejected the wk sensibilities of the other democratic.

He is a former cop who still packs a gun and he made his issues um supporting the police, public safety, charter schools as an instrument of minority advancement. And he even pushed to make york city attacking crypt of hubby. He is gna reverse the damage done under the blazer.

He won four, five bars. And accra, primary and overall, Carried black to pressings. If the democrat party has a future after the rejection of woke IT, is aero atos okay?

freeze. We got okay minds .

a little um esoteric, but my biggest winner for politics this year is the block chain. And i'll tell you why I think that the um embracing the block chain as a technology that enables an evolution away from what folks considered to be um you know centralized control systems and ultimately uh underscores the interest of the populist notion that sweeping over the united states is very strong and I think it's waking up politicians and it's going to wake up the political class to the fact that this system of organizing social, economic and political action may ultimately evolve us away from the systems that we run today. And IT is a very serious threat to the current system of politics and economics and social order and I think it's starting to kind of rear at ted and and and politicians are starting to wake up to IT and they're all thinking very deeply about what IT means. And so I would say the block chain has really kind of a new model for organization among the humans that is waking us up um in in the political class more than anything else.

OK you today? I think this is pretty obvious, but I think it's clean. The governor virgina here's a guy that a was a private the executive who basically had to fade trump um but still pretend to fame but he needed his support and ran a pretty center to know pro education, anti crime, pro business uh pro just individual um you know empowerment campaign in Virginia which hasn't swung this way for a long time and basically uh beat terremoto ff.

And I think that this is the road map which effectively says whether you're democrats or republican, grab into these centers, temples and run with IT and you're onna, get a ton of people on asylum. Majority who are sick of all of this french behavior go on the left, on the right. And so I think glen Young n was a real canara in the coal mines, the political future of amErica .

are a great election so far and a lot of diversity in the picking. And so, uh, I went with joe mention a obviously the shadow president who is able to dictate, uh, what gets passed and build back Better, getting cancelled or uh, cut from six plus billion down to maybe one point five years if the you thank was my um he and post a rising star .

of filing .

star after um his decision .

to denounce the build back Better bill this year this week what you guys have to remember .

that the state he's from west Virginia went for trump. I like twenty points. IT is a deeper red state and mentioned himself as a major omali as a blue politician. Hang in on in that state yeah. So the democrats are alienating, should be thinking they are lucky stars that they even have them for any votes, because any other democratic politician in west Virginia would have gone down to defeat a long time ago. So they are lucky what that mention can with them at all on .

anything to a laman like myself, or I imagine most people who aren't aware of that kind of political circumstance. He looks like a join a fire for him maybe. I think .

that's a great analogy, which I think he is the democrats mccain, and he is the guy come out in their casting that very unpopular vote, the single vote, like mccain's did on the appeal of a bomb car, the single vote that took that down. But the reality is the republicans on a boomer didn't have applicable alternative. That's why mccain voted against that. And I think here um in the same way, I think mention maybe doing the democrat of favor because we can't afford of the spent new spending.

Super interesting.

Here we go. Biggest loser in politics. Who do you got? Let's go in reverse water now. Chemosh, who do you got?

Ginst ser SHE wanted a everybody to pay a lot of taxes who were in the billion airs to pay taxes as if you wanted to cancel them and now the largest tax bill ever paid by any american has been completed um according to a tweet from elon that he paid eleven billion dollars. Every program SHE wanted to work for and fight for has been done just not by heart. It's been done by the private sector.

SHE was attacking BIOS for pay in factories and getting to a fifteen dollar minimum wage. Now amazon is regularly paying in the twins and giving free college something hard. And berny centres were not able to accomplish in their entire careers.

And now he continues to dunk on capitalist entrepreneurs. As the country basically says, we're not interested in socialism. We're not interested in this brand of politics.

They lost the election bite in one. And now, uh, this far left politics is, I think, becoming you as as as important as the far right. Now, all right.

she's she's .

basically not important.

I build on your theme and I actually just said the progressive left and the alright right. So I think that the short extremes in amErica have basically, you know, we've exposed for the empty with no closed. So you know, we have tried progressive policies and cities and states in amErica that's failed.

We've tried far right politics at the federal level that's basically crashed and burned as well. And now what you see is a wave of Normalcy. And so you know, all these torturing, you know, fringe classes get an extreme amount of attention because what they say is salacious are interesting.

But underneath there's no real substance or follow through a real skill. There's no basic understanding of anything. Economic policy, foreign policy, none of IT. And so they make for great sound bites, but they cannot govern. And so um I think the the biggest losers, the progressive left and the Operate .

sexual comics yeah .

I mean very much in the same vein my ice coming heroes, the vice president SHE is a twenty eight percent approval rating pull to her, lagging biden by about ten points. No vice present has pulled this poor ly since dank quil was the bud of every late night joke about thirty years ago. And boy, I really dating myself with that reference.

What's the problem? Yes, exactly. And a lot of yours don't remember what we're talking about. But so the problem here is kind of watch moth was saying SHE Harris, an equity school, the public is tired of being lectured and hectored about its wake sins and trying to compensate for that and showing warmth with a fake laughing co isn't going to reassure anybody who's just been called a White.

Interestingly enough, last year on our awards show, Jason uh kalo anas made the prediction koala will be the first female president of the united states uh, just as a gentle uh, reminder that .

we had to I love IT .

how how .

you .

call him co.

Friday to .

sort .

them true.

I mean, the petition was me because I thought biden wasn't going to make IT through the first term. Could he so hold and then .

he might not be able to function was right? Yes.

I still happen. Yes, I think I might stand by that.

So we will save IT for the prediction show.

Okay, we'll save IT for the prediction show next week. We're taking no week's off as the new rule here.

Alright, moving on. I get my biggest loser. Oh, so my biggest political loser, uh, is a tony.

I feel like, uh, this guy got totally missed out this year. Determinism is a trap, right? In his role. You have to be deterministic. Meaning you're saying you gotta do x to get why in order to get people to take action.

And so, you know, in order, determinism was needed for clarity of action to get people to take the vaccine. And he said, hey, this is you ultimately end the pandemic. And in the problem with the determinism is a drive binary outcomes.

You're either right or you're wrong. And in this case, he was wrong, right? He said, go get the vaccine.

The pandemic land. Everyone got the vaccine, and the pandemics certainly didn't end and evolved. And IT became this very fuzzy gray math on where we sit today. And I think as a result, he completely lost credibility with a broad sort of people who otherwise would have been kind of still standing behind him because I do think he's you know, he's an honest jeff fourth right scientists. But in order to drive outcomes, he had to be very kind of stated and and IT was a bit of a trap this year, and I think he got screwed. So porte ony fault, I I mean, bless him, but he was a rough year.

All right, biggest political surprise. Sex where you got what's the .

biggest political of this time? And Young and you know, I just add to watch matha really said, no Virginia went for a biden by ten points just the short time before yang. He secured trump s endorsement very early and quietly and kept the kept trump at bay and then he ran as a moderate with a business pedigree as as kind of trouth voted out. But there was something else going on here as well. I don't think he was just centrists that would flip a blue day. Red IT was also that issue of schools where mccolo had that gaffe in their final debate, he said that parents shouldn't telling the schools what to teach basically Michael was cited with the the teacher's unions and um where as Young cited with parents and um really I think a voiced their opposition to crt in the schools that became the center piece of his closing argument and that's what allowed him to win win the election.

My biggest political surprises, joe mention, I think that he will probably be looked back on in time as our generations paul Walker. So let me explain what I mean by that. You know, at the time, Walker was incredibly unpopular for what he did by raising interest rates to basically break the back of inflation.

And IT really wasn't until thirty or forty years later, through the renal fullness of time, that we appreciated that what he did took an enormous amount of courage, because in the moment, IT created huge heads and a lot of push back and a lot of ill will and iron towards worker. Similarly, I think mentioned is just now starting this process of just getting completely pillowy. And you know, people will point to a handful elements of build back Better, like childcare that have now explored.

And those child are credits and and what that means to working families. And that is true that but there are ways to solve for that by just going back and we spending the seven trillion, we already spend a little bit Better. Um and in time, the idea and the courage to not pour three more trillion dollars on this dumpster fire without getting ourselves Better organized will turn out to be an enormous gift that he gave .

our kids a profile encourage even .

if we don't right now see IT and a lot of people can be angry at IT. But that was the biggest political surprise is the desire for a politician, politician, because I can not remember fed chairs elected, right? You're there.

You're in your up. But that was a surprise to me that he would go through this process. And what I meant at a national level for reputation to get to the other side.

Yeah, okay, feedback.

got. My biggest political surprise was that that insurrection crowd made their way into the capital building. I mean, you guys remember how shocking those images were and what an incredible day that was. I mean, he was almost a year ago now we watched on screen would felt like the crumbling of institutions that we always took for being uh we always took for granted and assumed we're inpenetrable um both politically but more importantly physically and to see people physically break into that capital building and cause maham and damage IT really kind of exposed, I think, of nerve um and he was a really kind of shocking moment, the shocking day so uh you know to this day I still kind of think that that's been the bigger surprise for me of the year. And I don't even of us thought that, that would happen both in terms of like that we let our defensive down and let people into that building like that and that there was enough of a ground swell to break their way into that building. Both sides were surprising.

and also just super disturbing to watch a bunch of elected officials covering under tables while secret service had guns drawn and dance, and also while .

some elected officials were kind of endorsing ing the behavior to some at a distance, the whole thing was just shocking. And I think a lot of us realized that maybe our democracy, and I think I mentioned this on the last year, uh, is not uh, is a little more fragile uh, than perhaps we uh, we think he is.

Truck was the biggest stress has ever for me. Uh, the biggest political surprise, uh, was kala Harris being sideline. Where is he? What is he working on? Uh, I thought that the democratic party was going to want to feature her, showcase her with some great projects, uh, in order to a maybe proper for running, if need be, in twenty four and certainly in twenty twenty eight. And IT seems like they have sidelined her deliberately and they don't believe in her, which is they don't believe in the first female vice president and of color no.

I don't think it's that. I think that they think that she's she's not they think that she's not capable.

And so the .

yeah so maybe maybe they're a racist, jo.

or maybe they are saving her till after the myth terms and then onna feature her.

I don't know what the house like.

a fighter and I protecting her.

but if he was good enough to get to help get biden in office, why isn't SHE good enough to, uh, feature now he just doesn't make sense to me that SHE was so sad.

They did give her test like they sent to the border. The problem is he doesn't have anything to say that that will resonate with the american people, but also be acceptable to her progressive base. He percent.

her percent progressive. Because because I actually think that SHE also has the ability and has in the past, you know, have the ability .

to be tough.

And so SHE completely has the ability to just be nails if he wants to be. But again, SHE and again may be even bite into some degree. Still believe that the progressive left is the future of the party.

I think that most of us here, I think that it's a headache. And until SHE comes to those terms herself, she's not she's gonna continue to be sidelined. But if he takes back to the center and actually gets out there, I think she's really capable of uh of of doing some stuff here.

She's very articulate. She's very pound SHE can really tell the truth but then SHE can also really just a shock and drive and say nothing when he wants doing that. Just what that corporal speak isn't working for her.

Did anybody else notice freeburg sacks that uh the initial reaction to mention vote or saying he wasn't going to go for this on sunday during the talk shows, uh, was like dunk on him, oh my god, he's horrible and then immediately monday they were trying to reconcile with him and say, hey, let's have a reasonable discussion about this. We value your opinion as a partner.

Well, IT IT, was this weird emotional reaction like I got this email afforded you guys from jan sai. yeah. And it's like crazy in that email, like in that inter press release or whatever the email that he sent to us a bunch of us got ted, I mean, James going crazy. yeah.

The .

ministry, like they wait everyones time for six months pushing this bill ford without checking to see if the swing votes would go for IT. So then the swing votes don't go for IT. The bill fails and they're .

blaming those votes. S, I think ignored what the swing was saying. He's been saying from the beginning is big one point five. And they just said, you know what will wait to the end and then try to high pressure him .

or something or flip him at the dog sense to gy IT doesn't make sense to push for that big a bill. When is fifty eight? They should have one for something smaller, more reasonable.

either either that or they should have made a Better calculation on inflation. Because again, the minute that we have these big inflation prints and the fed basically changed your tapering posture, that was the bullet in the gun.

and you basically handed.

mentioned a loaded, he worried about inflation and they were saying he was transitory.

and then he turned out to be right.

right? Biggest winner in business. Freeburg, ga.

biggest winner, my biggest winner in business um goes back to the game stop days. And I think that was the retail investor class. You know they were always there to trade on the wings.

And in the wake of the institutions in the markets prior to, I think, what took place this year and after what happened this year, where they were able to cover less and organize to make trades that move the market against institutions and a really meaningful way and broke several institutions in the process, IT highlighted that retail has power. Retail can organize, and retail, in aggregate can act to be a stronger force in the markets and institutions. And so the retail investor is my biggest winner, h for twenty twenty one.

who is your biggest winner to math in business?

I mean, this is pretty obvious that elon musk, um you know as a former owner of tesla, as a current or shareholder of space, acts as as somebody who sold him a company this year. David and I did to see him work is magical, absolutely magical. And I think that this guy, you you know there's there are these impersonal who just have these virtual those who have these moments where they are just in the zone.

Yes, uh, and he's in the zone. He's in his zone of mastery. And to see a guy like that execute, I think, is a privilege. So he's might not.

Elon, who would you have? Because it's pretty virus's, elon. So did you have a second place consideration?

I would actually probably double down with what freeburg that I do think that there was. Um it's more sort of what I would says the outsider class versus insiders. I think that whether its block chain or web three or nfs or game stop, this was the year you know the constitution dow. This was the year that lucifer filiation of individuals um could compete on a level playing field with organized capital. And I think that that's a really important trend for the future.

Sex who do you have biggest winner in business? If IT easy along.

who do you run up? Yeah so I mean can't fault the elon choice is pretty obvious um but I would say in our world, the biggest winner was tiger global. Um they may see product tizer grow stage capital, by far the biggest deployment of late stage funding.

They protez ed IT. So pretty much founders can to send their metrics on like a single sheet of paper and they get a term shy within two days. They did by far the most deals. The soft ign strategy done, right?

That's a great fifty billion. I think it's the amount they deployed this year. I don't know you guys heard that number yeah in a single year to invest fifty billion six of five d know you're read a seventy five billion dollar run rate.

It's pretty incredible. I mean, really is the size of vision fund. Um and uh I heard I don't know if you guys here, but they are heavily dependent, not dependent but theyve built infrastructure with third parties who source all this data for them uh to really kind of measure everything prior to making investments. So they they built a machines. amazing.

Uh, my biggest winner of business is the egg g not the fine. Drop the f and go with the A N G. Amazon has a new CEO and they have a misto be. Apple is about to hit three trillion and Susan were jacky and youtube, if you don't know, is now at two billion users, thirty billion and revenues, of course, after elon, here's that's the obvious choice.

So after elon, um although the sock up sixty six percent, apple sock of thirty one percent, you guys what's going on with those big companies? So i'm going to go with the Young g biggest loser in business, the biggest loser in business. Who do you have free? Who are the biggest loser?

The opposite of my biggest winner. I went for those institutions, got their lunch and by the retail, uh, gay black in and, you know, he blows so much money shorting game stop against these guys. Uh, buying game stop to the moon.

He had to borrow two point seven five billion dollars from sixty thousand and seventy two just to get through his mom. Uh talk about embarrassing a talk about reversal of fortune. You know he's obviously been A A renown investor prior to this.

Um and you know there's a few others that that were you know casualties of war. White square, a firm in london, shut down half a billion A U M. Um so all these folks you tried to bet against retail during the game stops saga and since um thinking that the world was the way that used to be a attica.

Is amazing that .

that and the interaction both have in this year.

like time is more all of this .

happened in this past year. It's crazy to think about we were here and I was up in taaoa. A skin in all the stuff was breaking was crazy that time that was actually a record episode when all, and had that break out. Epsom, who do you have for your biggest loser, David tax?

I had chinese billionaires, where the biggest loser this year of you guys remember, yeah, exactly year ago we were all asking, where is jack mall? Will he eventually turned up looking very thin and and kind of broken? But his experience was just an early sort of manifestation servicer in the coal mine of a larger ccp crackdown on all chinese billionaire.

And the ccp really seems be increasing in control and putting these people under a tub. And there are a bunch of tech companies there like alibaba, dt, tencent by dee J. D 点 com。 They've all been targeted for fines and tighter controls. And china's pretty much shut down the foreign IPO market for their tech companies.

You've been and moving IT .

to hang congress. me. Yeah, exactly. The the ccp has basically brought all the billionaire under their thun.

Well, my math, who do you have? And this is amazing. Just the audience knows we do not reveal our .

choices until in the money, which is is so great I love hearing of things, makes me think my my biggest losers big tech. Um if you look at this year and you, Anita, not for the stock Price but for uh, what I think is sort of the the precursor to longer term success, there is a lot of signs that there's pressure building. So whether that's measured in lawsuits finds a bad P R.

If you put all of that stuff together, I think to think that that drives is decaying morale. And when you have decay morale, you have human capital flight. So people leave there are some articles just recently even about you know an existence that you know novy no Y I don't know how to pronounce IT the crypto currency business of matter.

It's just a really, really difficult thing to deal with when folks start walking out the door because they're just a bumped out from working there hand. If you just and if you just know google search the the number of issues that all of these companies collectively uh, are dealing with. I think that this is sort of peak uh, big tech market cap is probably within the next year or two.

interesting. Uh, this is is so great that we all have different choices. Um I pick the hung as the winner.

Um i'm picking the f and fang as the loser. Matter was a complete flop. IT was a stupid idea to change him at the company.

The product they showed in that big tip off was like every science fiction movie we ve seen for the last thirty years. The league, the apple headwinds against their ads ah the political headwinds. And my last point is exactly chaos.

Last point which is no one wants to work there is becoming more, more difficult if you're in silicon valley or you protect executive to see a reason to go work at that company. I think that there we are efforts. A R efforts will be beaten handily by apple and by the metaverse. And you know, open source, slashed, decentralized solutions, I think the f in fact, should be replaced .

with the tea of tesla by tank. facebook. I N I do .

think it's a not. And when things go wrong IT just take a while. So these are ford looking.

If people are leaving now, maybe you see the impact of them three, four or five years, but I would not buy the stock had by the other three letters. I would buy the tank, but not the f and fine, but I think it's a good counterpoint. Yeah.

these things take a while on, right? I think that the Better trade is picked, the one that you love in fang and short, the one that you hate and fang g, and if you get that right, you can make a lot of money.

Pretty spad. The spread, right? Like we talk about, alright, biggest business surprise, what you got sex, what you're biggest business surprise yourself.

The biggest business surprise was tech leaders and startups moving to miami. Its emergence from really nothing in the text ene to being a major tech b IT was just a year ago, one year ago last december, that dalian sort amused on twitter about, hey, can we just relocate? Looking valid to my ami, the miami mayor, friends of saris jumped in.

He responded, how can I help? And then since then, it's just been snowboarding. And as for cco has basically been sliding into what it's become.

Miami just keeps blowing up and IT helps. I think what's been happening on the state level there that the scientists kept the state open for business things can schools open. And of course, the tax rate is zero.

The income tax and the cap of gains tax, that is a zero. So it's really pretty amazing how fast IT has become a major tech up. My answer.

which was really surprising to me starting in january, and I think I I started detecting you guys in january, think I really think we should talk about this on the pot, if you remember. And it's obviously just become a crh dow since then is nf um and IT really has been incredible to watch how uh you know the individual um folks encrypt have embrace N F T as a way uh you know to cocooning ze the value that creators can bring to the world.

And I think yeah there's a lot of fluff and a lot of noise and a lot of bubbles going on within this N F T space right now. Most of IT will die and IT will look terrible when people lose of lots of money and feel bad about the decisions they made during this stage. But what I think is really wonderful about IT is the opportunity creates for creators to monetize their talent in a way that doesn't require them going through middleman to get distribution and middleman who take you know huge slogs or huge chance of the margin out of um out of what they create.

And this can ultimately translate into music, into art, into writing in all sorts of things. I'm i'm pretty excited, uh, not necessarily about where IT today. I think it's disaster or it's IT today. But I think over the long one, I just like a disaster. I I just think so too much of this bubble stuff that's going on where people are, are buying in the speculative transactions that are gone to lose their money and then people going to be really hurt and really upset the general. And I love the that, I love the fact that creators, people that are great at art and people that are creative, I can develop stuff and make money because people will appreciate IT and pay for.

And I just think that's awesome fantastic. So for me um IT was that downs um were able to raise forty million dollars in a couple of days with this constitution and and basically captures every captured the entire worlds imagination for there were seventy to our new cycle uh much in the way the day trader did um with AMC and game stop to free birds point earlier in the big winners and I have a dual one here. I'm absolutely surprised about the you know the the the deal that was able to raise forty million for the constitution, but I was .

also disappointed .

that the S, C, C, in your ten plus of crypto has not defined the rules of the road yet. So that one group of people, professional capital, alligators, play by one set of rules, and then another group of people, dose tokens, are playing by no set of rules or their interpretation of unclear rules, I guess, with the most terrible way. So that's my biggest surprise. We have to have a regulatory framework for crypt out, for doors, for nfs, for tokens. And it's just crazy that IT hasn't happened yet.

What do you get to mark h, my, my, my big, big business. When a break out company, uh, I have two. But there are the same reality. Moderna, slash, bianti. You know, these are guides that we're kind of swimming at the edges of science.

And R N D, and somewhat was just been capable of putting one foot in front of the other until this pandemic and through bunch of you know, emergency use authorizations, these guys have really shown up to help the world. Uh, and in two and twenty, I think they cemented themselves as now on a path to not just know be a vaccine maker for covet, but uh, a whole bunch of other things, including cancer treatments and everything else. So I think these two companies, these two companies really took a big important one.

absolutely. Just as a side note opens, he had eight million and a monthly volume at the beginning of the year in january in three points, more than six billion in August. Me the idea of the scale of that, okay, best science breakthrough.

What do you got? Break everybody wants to know the sult of sciences. Best side breakthrough.

I'm a little bit um blinders on this one because I think I mention this on a show a few weeks ago and i'm spending quite a bit of time at work on IT, which is that starch synthetic stem that was demonstrated by those chinese scientists um and the system itself is likely not going to be the production system that takes the world.

But the concept that we can take proteins that are expressed by different plants and put them together in attack, and then the attack can convert molecules from one form to another by leveraging ing these proteins that just interact and move move around them the tank is really an incredible demonstration and the demonstration is inspiring. We can take carbon of the atmosphere and make food with a minimal amount of renewable electricity. Um and I I think that's really um a moment that will inspire a whole new realm of industrial synthetic biology work a lot of which I hope to kind of you know build and participate and prety heavily in the work that we do day to day. But I was really exciting for me.

So the starts synthetic stem is your best science break through where he got sex.

I've got these new oral covet into viral pills that are coming out from Fisher and mark. The fda is supposed to be approving them by the end of this h as you were call last year, around this time IT was these new mra vaccines from fisa. maDonna.

But we now have to admit that the vaccines have not ended the pandemic because the virus can um mutate its spy proteins around the the vaccines es so the vaccines by itself cannot in the pandemic. These new pills have, I think, a very good shot of doing IT next year because they're protea inhabitant's. Stop the virus from replicating and just and even if the h Spike proteins mutate, IT will not prevent these parties and have is working. So I am hopeful that this will be the thing, hopefully that ends the pandemic next year. Are these new viral pill?

I would like to make a counter to point. I would be very cautious about the side effects that are gonna SE from these produce inhibitors. And um you know they're not as well study as they Normally would be, but there are they have a serious biological effect in Normal cells in the human body um and I think as more people use them, you'll see more crazy stories about side effects that are really a but the way they worked biologically is they disrupt um you know certain systems uh and those are not just systems related to the virus, their systems in our own cells and so I personally quite nervous about them. I know that folks who are pretty encouraged by them and excited.

but i'm nervous about there is a similar medication that's been developed a for HIV right called prp right. Does that cause similar side effects? Or because people .

use that propac's ally? Yeah to some extent know. And the dosage matters. And so Normally you .

would go through .

many more years. I think of testing on these things to kind of truly quantify. You know, when you have half a percent or one percent of a population, you know, let's take most extreme case, die than a million people use IT, you're going to a lot of people die and i'm not sure we've really gotten the boundaries of this yet and the dosage is pretty significant on him ah so uh yeah you know let's keep a watch eye on this stuff but uh, i'm hopeful but i'm also a nervous hopefully the number .

people who need to take IT free work right from wrong if we got this many people vx who will not need to take and then omron .

my biggest optimism is just that omicron is a um much less version virus and IT switch through the population and we slowly see this pendel c of becoming less severe.

which is what was predict.

Do you think heard community .

even exists in the way that the virus evolves? Know uh so um there and by the way, it's not binary ah, it's not like, hey you get heard community and no one's going to catch this thing. There's clearly a spectrum of community meaning like I can maybe get the virus and be somewhat contagious for half a day or a day and I don't even know IT and then i'm spreading IT for that half day but I even know I had IT um that's kind of you know not all the way over to heard community in the traditional kind of definition of the way that we talk about IT.

Um but IT reduces the spread and the severity and aggregate um on the other end is like everyone gets IT IT spreads like crazy no no vaccine stops that changes anything, no amount of amy boy changes anything and everyone just dies. Um and so somewhere in the deal, I think, is where we find our kind of you, our ground. But I don't think that the traditional definition, or the way that people talk about her community, which you say everyone get the shot of things over h, is gonna play out that way. All this is gonna slow, slow wine down.

okay? And they give you max some credit. You said IT would be a nothing burger. And h so far IT looks like deaths and hospital ization specifically I C use. Uh, emitting has not turned out to be a major issue yet.

not on wood unless something escapes from the lab. Again, I think that we're we're going to be OK. I think this is the end of the end, so that would be so great if this was the and of the end game.

My best signs break through is that this year, we actually were able to inject in vivo who in the body genetic code for crisper two cases, specifically, one was to basically reduced the production of this toxic liver protein in a bunch of folks. And then the second one moderately improved the vision of some people who had, in some form of inhered of blinds. And that's pretty incredible stuff that you can you know, makes something, uh, put them into your body and then you know your body does the work of editing out the bad and that's A I think that's a pretty incredible breakthrough.

I had the starch of my list too, but um I went with starting h for people who don't know a march third starship zero one number ten s ten completed space like third high altitude flight test of a prototype type and they were able to ascend um and then we are in themselves and land. If you don't know, starship is gorgeous when compared to the falk in any other rockets, uh, that space ex has produced, I got to see IT actually I want to boca. And when you look inside that nose cone, you can fit three hundred people in IT. Uh, IT is a payload that is absolutely unprecedented in terms of ending .

people or things to .

space and the fact that this has succeeded means all uh uh the folks at space acts uh need to do is to scale IT and they are pretty good at scaling things. They just have their hundred landing of their smaller rocket and so when this a big boy, this A B F R big freaking rocket gets going, it's going to change the nature of our species as multiple anette planeta being able to reach.

I put things in space that we've never been able to do, so kind of an engineering feet. But I put you under science, and also do not pick the same one as freely. Do you .

think starship is gonna able .

to orbit your raines and put out there no nip? You can think that I have veto, right, right? You can.

Now we know of biggest flat in the pen, biggest flash in the pan. Sx, you pick people, you? me?

No.

I said we love people.

please. yeah. No, that was yours. I had. I think the use of the word transitory was my biggest flash in the hand.

IT seemed like for a brief moment that every administration official, every democratic people to consult, every talking head on. TV kept using the war transitory. IT was very much of a vocabulary word of the day.

But now IT turned out that the inflation was not transitory. And so the use of the were transitory. I predictable, in fact.

be transitory. My summary like that.

What do you get to math?

Uh I picked, uh, all things, uh, metaverse and what and web three yeah I like if you guys were around in the emergence of web two, point out there was there was a period when where this gaggle of investors were just clamoring about what two point down none of us understood what is and we were .

building IT IT .

turned out yeah and so I think that um these trends actually have names and those names are of companies and those companies create experiences that people want. And so I just think that this whole conceptive metaverse web three goes away and we replaced with real solutions for people that given value and then will be obsess with these companies and the this this two will be transitory.

I went with be a constitution though um while I believe Jason that the concept was inspired ing and will echo for quite some time with other um you know kind of improved uh versions uh and different applications. This particular doll uh cause a lot of people to lose a lot of money in gas fees, transfering tokens over to cover the expense of the ultimate purchase. That was not actually done IT felt a little disorganized.

There was questions around equity and security and the legality and missile expectations. And while I get that there was a good um intent and that folks that were involved in IT were uh thought like IT worked and I did what I was meant to do, which was to be inspiring. That particular though came in went in three days um and i'm not not not to this credit the concept and I think that more will come in the future but I really was such a loud moment and then I went silent two days .

later yeah okay and I picked the woke socialist leadership of cities, specifically the ones great city of um the once great to have sanford cisco, where they thought they had figured all out and that they would be able to run roughshod over the citizens of their own city.

And low and behold when uh an investigative journalist was hired by myself and a get attended the democratic recall and sax supported the republican recall loan, behold, london breed has decided that he does not want to get recalled and SHE is fed up with a bullshit in service sesc w and he has a button. And all of these wage jobs are all gonna have voted out and recalled. And we've seen IT and came up earlier the programme that I have depleted dead horse, but these failed policies, letting people run a mock and not having some base level of protection and not listening to your cities.

belong in a textbook. And in a high school.

you could talk about them in graduate school. Yes, this is great for college dorm to talk about what would life be like as a communist, as a socialist. In the real world, people want to be safe when they take their kids to fucking in school period.

End of story. And if people don't feel safe, you're not going to get reelected. Game over.

I also think that people have, uh, a reasonable right to have their kids educated, not manage to some water down lowest common denominator, so as to not so as to try to make everybody around them feel Better.

Yeah, a hundred percent. All right. I have a feeling that we're gona this is going to sweep here our best CEO. We just say three, two, one and say .

the day although first i'm in a pic of tiana della well done.

And um the reason .

I say that is that you know he if you look at this track record and I thought this business could not get any bigger, but IT just is a compounding absolute jug, not in the machine. He has completely turned the company around and from you know big chunk y acquisitions, he's unafraid to pull the trigger and rip the money in linked in get hub this year, he did nuance the product portfolio. He know we had to compete with him at slack.

When he was, you know, he decided to turn the the sites on on with teams on to us. We had no choice but to basically sell the sales force. This guy is a master executor, has kept the entire company out of the press, has had the least amount of push back around their growth and expansion, the least amount of lawsuits, the least amount of bad P, R.

So just in in terms of a your first class, so he is running a master do for you. That was A U. P, S. logo. And is now it's now what .

the shareholders of google.

microsoft, twitter, twitter, all alt n networks and adobe have.

said OK. Can prove to free. Okay, uh, so much for the curry ceiling.

Uh, okay, we have smashed through the curry ceiling. absolutely. There is current penetrated the samosa ceiling.

There we go.

I know I think .

I think crab curry tonight. Can you believe that I went fishing, I told you guys, as I won't bleep up them in, I went fishing, fishing and we cut some craps and we in the, how did you go up to like Chris field and we go, we go to the peer and then they take us out past golden gate bridge two point Reyes. We called rock fish, which we ate yesterday.

delicious. There's on a boat you did on a boat. yeah. Ah great.

great captain. I I would take london, uh, my twelve year old cabbin, when I lived in seven cisco off of Christy field, and we bring crap at home and all that. Uh, you can get this incredible.

You can get a one day sport license from the data. California is good for ten fishing and ten crap.

amazing. All right. Uh so who do you got freeburg .

best you well I like I like the jack and elan um going direct uh experience this year。 And what I mean by that is it's less about like how well did the business performed. I mean, so many tech company C E O have performed so well this year. It's hard to pick someone uh for driving business outcomes. But what I liked about jack and you on jack in particular in the last day is um you know having a voice in going direct and being inspiring um I think that leadership is all about the fighting where you're headed and then creating religion in the troops to follow you to go there. And I think the way that both these folks speak directly to people and the way that they speak authentically um and that they tell a big story about where they believe the world to go and why you should follow them to get there um you know creates a model that a lot of other cees, I think should and will start to follow. And I think we'll see a lot more of this kind of like twitter going direct type of activity .

happening in the in the years ahead.

Sex, we got best you I have brain armstrong because about this time a year ago that he drew a line in the sand and said that he was not going to allow politics in the workplaces can be A D military zone for politics. IT was pulling people off mission, and a year later he gave us an update. It's in the best thing.

Never did. They gave a general severely n package. Anyone who didn't go along with this, only five percent took IT.

They then went on to have a very successful IPO. It's now sixty five billion dollar company. And um a year later, they are more mission focus.

They ve attracted more employees. Their diversity numbers have knocked on down. And the reason I am picking him is not just because of the business success, but I think there's a lot of CEO.

In fact, i'd say most CEO, including some of the bigger names that they're all kind of talking about, our secretly would love to do what brian did. They would love to basically ban position in their workplace. But for whatever reason, they just don't have the colonies to do IT.

I applaud brian for taking the hit of the new ork times, hit pizza, then came after him and to stick to his guns. He did this policy. And I think one place had a great year.

Amazing choice. wow. Three great choices. A jack armstrong, I think you on a clear is but i'm going to somebody out so it's not, uh, all elon, all the time i'm going to go to Frank, uh, slut man from, uh, snowflake.

This company has grown incredibly at a incredible velocity. But I just read his book. I got a prum order of his book per release of his book called amp.

IT up. And I had him on this way, can start IT up which to come out the new year. And the book comes out and he's a killer. He absolutely a .

color like an color.

And the book basically is, I do not care about how you think business works. Here's the zero sum game of competitive business. And he was two hundred and five pages.

It's a must read and he just wants to win. And so my my hats off to him. One hundred billion dollar and theyve absolutely crushed IT. So best investor cheap you to pick yourself for the third year and row or just somebody .

as among this one. This one I think is is an absolutely easy one. But it's my dear friend, danube fan.

What did that happen? Fountain C. I, of three point and a world of, as i've seen, I talked to him yesterday. Actually, I call him just to, was in my happy birthday by, though this is birthday, and but he has shown the wider range this year and really put everything together yet again, kind of one of these virtual also performances, early stage success.

So he was early stage in vast, think they did the series a and telephone that at the big IPO this year, growth investing. He you know was a was a great investor, a early investor in riving in that one public this year. He had great public performance in upstart, a bunch of other ones activism.

He went after shell crypto. I think he's an investor and F T acts in a bunch of other things. I mean, just tuned and to be able to put together a team that can execute across all of those business lines and risk manage. And then where he still sizes, like i'm telling you, like 也得 15 hard to size to stop properly and get IT right。 He is an incredible .

job and he's just a beautiful, lovely human. Moving ai been fund after over the past two years theyve had dod as being be snowflake ity all these incredible companies worth over three hundred billion years combined. And now those L P.

S. Get to keep their money in this one vehicle. And, uh, I think it's going to make a even more powerful, great innovation. Shut up to my friend. Rule off. And I gave a runner up to bra gerstner, friend of the pod, who obviously did snowflake last year but I had the grab I P O this year, which I think was the largest back in history uh and um you I don't think I trait particularly well yet uh but congratulations to that my who .

do you got sex when my first thought was Nancy poochy .

by I just .

going on performance?

Yeah I don't think accounts, if you do, through insider trading. So I had to so my my actual choice, my actual choice is kenric in the founder of ca. del.

He generated something like ten percent returns on a five hundred billion dollar fund. I mean, this mess, mayor, amounts of money. But IT wasn't just as economic, is obviously a casino machine.

But IT wasn't just that. I was also the way that he came out on this whole wall street bets Robin hood scandal way back in january. Remember, of the whole payment order flow is a gigantic scandal with with Robin hood.

And he, along with vlad and others, was hold up to capital hill. But they could not lay a glove on him. He demonstrated, I think, in commanding testimony that all these conspiring theories around his role had no merit.

And the populist revolt around h. This whole payment for order flow Robin hod thing broke against the rock of kenric in. He comes out as a huge winner, both economically.

And he left at the most important part. He was the superveilLance in buying the constitution town.

He got he got revenge on the crop .

of people that great, great financial tl freeburg to get you see at best investor of twenty twenty one.

I kind of stuck to private markets just because they're in liquid, which means a tighter to source. Not everyone has the same data. Um we all have different data, different points of view.

So within that, I kind of said, look what makes the best investor. And number one is obviously good returns. You know who's got the best returns.

But section is how scalable is your investing machine and third is how durable is IT like doesn't get worse as you scale. I know where with so you know I had three kind of finalists. One was founder fund, and I would argue they probably have the best consistent returns in terms of multiples on their funds.

Uh, tiger global, which we talked about earlier, which I would argue the most scalable and durable as we've seen deploying fifty billion this year. And then finally, sqa, which has near the best return, scalable and durable with this new transition. He talked about ultimately to coya one out. So that's mike, my tree of of success.

One of the first times we've had two of the same in the voting. This is incredible. Best turnaround. You have the best turnaround. Best .

turnaround. I picked ford enormous performance this year. The stacks up one hundred and thirty eight percent good portfolio mix of uh, you know gas, gasoline cars that still make a ton of money like the four have one fifties.

But you know, they have the mustangs. They have electric versions of the four. They have found fifties. They had some great investments. I think they printed like a twenty billion dollar gain on rival. So it's just a really, really good turnaround from what that company was, which was if you talked any car company that, that could have been up one hundred and thirty two percent at the beginning of twenty twenty one would not have been for. So, uh, well done by acting.

You have sex, are you?

Investor and fortuna? Oh.

no, no. So I went a little .

different for this. I said the best turnaround was color written houses, reputation, as you are call riden house shot three White attackers, including two of more sex offenders, at a violent bill and protests in canochet. The media then painted him without any evidence as a White supreme es terrorist.

We went. They're looking to shoot people like some sort of frustrated school shooter. IT turned out not be true.

There was clear video evidence at the scene that reaction soft fense. Once there was a jury trial, all of this came out. He was acquitted, all charges, and the prosecution was revealed. Actually motivated. I would say that britten house now has his freedom any as reputation back in the eyes of all fair observers.

Who do you? Well, I went from who was in the world shape and you came back from that and I I put we work on here um which is an an obvious and easy choice. We were to me is like rocky balboa.

Um you know rocky bellboy could not win the match. Rocky balboa, I got so beat up, goes to the, you know to his corner. He gets patched up.

He's bleeding from his eyes, bleeding from his nose. He's literally about the die. His coach gives them a little smack on the button and then get back out there and he keeps going.

He's not gna win the match um but man, for we work to go from where IT was a few years ago, which was days or weeks away from bankrupcy billions of dollars of money injected by softbank and for them to orchestrate uh basically this this whole you know jogger not into what looks like a business now um and get a public this back. And IT now has enough capital and a good game plan and IT looks like maybe a Normal you know technology business um was really quite A A turnaround. There was no one to sell this thing too.

They had to get in there and they had to rework, resulting. And they rework, rework and rocky balboa is going to make IT to the tap round. He may not win the match, but you know he's still in IT was pretty, pretty impressive to see them get out out this year.

All right. Listen, I struggle with this one. I had two companies that I really wanted to highlight for two different reasons. One uh was twitter, which had no product velocity and people thought and i'm taking out financial performance right now, i'm just looking at the product itself. Um and my lord, have they uh increased the product velocity, releasing uh newsletters, audio spaces um in countless other features. Um so I like them, but I actually think a disney, which was and IT hasn't performance this year, but they had forty four million subs. Um they added forty four million paid subs this year and people thought the parks would be a problem except and I think they are going to have an absolute killer future if apple had not um if I had been for anti trust right now, I think apple be looking at buying disney if they had had anyway to get IT through there because the what do they turn around .

exactly like turn around means it's crappy and then it's not crappy into stop.

But I think they had a major threat in a major question of could they actually create their own streaming platform? Would IT work uh and getting out of the pandemic could the park round the park every bounded, I think they're going to roll over netlist. The sentiment was like got the stock out or no um and they've really.

I think turned IT around stock a dog .

this year but that I have to pick but I do think like if you look at the fenton of is going to go to three hundred million um because they announced so much content from the star wars marvel pixar disney ecosystem that is coming this year and next year um and it's going for book a bob fat man delora o bi one can be where um you know um he in Christian son and the guy played obie one could obe are coming back like this 网 library is going to have a ridiculous twenty twenty two I .

like H B O mac more than disney plus。 I mean, my kids watch a little disney plus, but they watch all the other screaming services too. Ah disney plus doesn't seem to have a monopoly for me. H B O max is such a so when .

that water media .

deal gets done, I think that's the drug are not stock. You want to it's going have an incredible library to compete with disney.

Why mean to cession .

and just a library mid so much y're releasing they are releasing the matrix tomorrow on H B O plus, like H B S to day because I I love .

that they did that with doing .

I love doing .

a movie there this week.

Okay, worst human being. I'm going to go first understand little bit IT. I think trying to raise money off of the back of the person who will raise the most money for our taxes from taxes is just lame. If you haven't seen she's attacking um ion and baths in facebook ads trying to grip to get ten dollars while she's got two thousand million equities that he paid like zero dollars on because that's how the tax system that he has Operated under four decades works. Worse human being to me Elizabeth Warren, uh.

I am going to pick travis, mike, Michael, gregory, mic, Michael, William, rody, brian, rudy, brian and direct woman for White men who uh killed in two different incidents uh, an on armed black men. They are scumbags. They should go to jail, and they will, for the rest of their lives. They are terrible human being.

create up sex. We got a worst.

I've got a name here. I don't know if the organs knows yet. It's garden. Peter desk, who is a british sociologist, he's head of a group called the eco health alliance that received millions of dollars in nih grades for gain of functional research in bat viruses. If that sounds familiar, it's because some of that was given to the lab in wuhan from which covered likely leaked. But that by itself is not the reason.

Why is my choice? He then became one of the leading signers and organizers of a letter those published in the lands in february of twenty twenty, insisting with total certainty that the virus had made the leap from animals and humans, rather than being, rather than leaking from a lab. In fact, he basically painted anyone who had put forward the labor theory as a conspiracy theorist.

Uh, he know his influence made this so called zoonotic theory, the official narrative that cannot be questioned online. For well over a year, all the social network sends censored on that basis. And he never disclosed his obvious conflict of interest, given that his millions of research was threatened if the ability three were proven right.

So this, this guy newly helped unleash plague upon the world. He then lied about IT to cover his ass and protecting his millions. That makes them .

the worst of your interest in hearing point of view on this, a jammy method did an interview that likes fragment unlikes as podcast it's worth listening to. Its five hours long but the um uh the section where they talk about what sex is sharing, I think is around the one hour mark. Um and it's A A really interesting narrative that jme shares about what this individual did h during this period of time and why this is the support. What i'm saying, yes.

he's not going to listen, but he now he feels smug with himself. thanks.

My like a genius.

yeah. Lex is great. So my sort. This has been the report of gen. Green world, who did some pretty good research on great, I mean, sort of expose on the conflict interest that was never disclosed. And IT was on this spaces that all of the social networking sites then engaged in censorship. So just the whole you know cluster of bad motives by know people looking to cover their us.

But I mean it's it's worth hearing jami's point of view on this, which is he tries to identify the motivation and the incentives that those people had when they made those cover up decisions along the way. Um and I think is really worth everyone taking that. That's what I really like them about like this podcast interview of jammy um was you know none of these things come from a place of pure evil.

They come from a place of incentive and motivation where these individuals think they're doing the right thing for some reason and and that's what motivated their behavior. But that's also why. And just to jump the gun here, I am not giving you a worst human being answer uh not a virtue signal uh really I just go back to this point that I don't think humans are you know intrinsically evil.

I think that a lot of people make decisions for uh what they consider to be good reasons or the right reasons or reasons that are in their mind altruistic but ultimately have adverse consequences for another popular no direction yeah I would argue that in some cases, people who are selfish don't make a very foreign life. And so they generally don't have that much of an impact in an evil way, is very few people that are purely selfish and make IT to scale. But anyway, that's my very exotic I think fever gray .

is a good point, which is I think we can judge this not by people's internal motivations, so we don't really know, but rather .

by the consequences .

of their the .

adverse okay, so uh, best mean i'll go first. Uh, I love Daniel crags, uh, the weekend because i've been so exhausted from year that when friday roles around that's what I can think about is Daniel cracking, ladies and gentlemen, the weekend he's just exacerbated, exhausted as mi my runner up with anion and padd may doing their conversation you know ah for the Better right and you can look that up online. It's a four pain. It's one of those four pain conversation ones a about math. You have any .

best means it's the a bernie Sanders inauguration output. amazing. Always a great. His little .

mitton .

and .

his detached.

communal .

exactly.

exactly like a little chip. Yeah, right.

Who he got sex?

You ve got a best meme. The ever given forklift mean, this was a little forklift trying to push the gigantic barge out of the and got a literary sly, repurposed.

And then ten years ago, I know.

is this year, can you believe IT and a closure on erp was my fall plans versus the delt variant? If remember that one, that was a good one.

Fever.

I know you don't care about pop culture or so much of IT, but give us your best.

I I don't have a mean.

I do not have a meme upgrade. I have .

no sense .

of I, okay, can we upgrade his mean?

Subroutine, I love pop culture.

This the mean thing I just IT doesn't resonate for you just doesn't love pop culture processing imagery index all at the .

same time. Uh, my sub tine is indexing all images and GPT three going to produce funny, my laughing. The routine has been upgraded.

Sorry, it's easy. Sorry, I. My doesn't listen to. I was talking to my wife about sweater can and I said, what are you talking about on the pod that everybody listens to?

I was the world now, okay, most loads of company. This one is an absolutely easy one. Slam duck IT is uh P, G, N, I, who this year was charged with felonies and manslaughter in the death of four people because of the wildfires that they started, because of their inability to maintain their power infrastructure throughout the state of california. Very rare that a for profit corporation gets charged with felling murder manslayer. So uh I think that's pretty easy one .

when I got freebase.

I think one day the human race will look back and identify animal agriculture as uh worse than human slavery. Um I I do think that that will be a profound realization over the next century for our species.

And did you say worse than human slavery?

I believe that that what we will realize because the the scale of death caused .

by .

animal agriculture, okay, I cycle that these animals live in in cages with no ability to touch your, interact with their families. Uh the the heart, the pain, its extraordinary and uh part of my work that I do day to day is to figure out ways that we can use science to replace the animal agriculture. So the, uh penultimate kind of animal agriculture processor in the U S S. Ties and food ds, they are the most, most company to me. Um and H I stick by my, my, my answer.

Can I can I give you a counterpoint? Yeah but is delicious.

A spicy take, I mean, to the human suffering of slavery and then equated, but you added.

I mean, honest freebody, like if you have IT, you have never eaten any form of anal protein. So how do you know what you missing?

It's true, but he doesn't about cruelty. Yeah, I guess .

just something. There's any winters in .

this conversation at this point.

Now, this is a longer pod. We can do this another time.

Fried chicken is really delicious, man, so is a good stake.

okay? We have to stop. I'm hungry. Sax, did you have a besides tyson foods? And what .

do do you .

get .

to the company? I had the new york times, a new book now this year in twenty twenty called the gray lady went um the author ashly rinse org details decades of misinformation and agenda ven journals and publish by the times starting in the one thousand nine hundred and thirties at a nazi sympathiser as their german correspondent, they covered up stones genocide in ukraine, they assisted feed all casters rise to power in cuba.

They lie us interviews and iraq, they and they perfect the russian collusion hooks. More recently, the other times has gone all in on work journalism and cancel culture, purging anyone from its rings to commit the transaction against works sensibilities, from brian armstrong to call written house, if routinely smear people as racist with no evidence to back IT up. Remember, they are not a nonprofit. They are a CoOperation, and they have an agenda, new or times most lost some company of my David.

can I double down on this? I post that. Nick, maybe you can find this, but there there was an article in the washington post that I put into the group chat where the washington post article was effectively like washington post force to revisit the practices because of falling click through rates and lack of viewership.

So in a post trip, yeah post trumper, two years on, you know there there the number of premiums subscribers that wapper has, has pretty materially changed, I guess. And so you know they're visiting what they're trying to write and out, as you can imagine, they're going to air towards more click bake and it's the same for the times. And so you know, to your point, we have to remember that these things are not run as public trust. Their run as for profit businesses up, we've seen what other four profit businesses do as IT relates to information and misinformation and disinformation. So you have to heavily discount what you read in these places.

Information after profits.

Trust is why tells. And other people are increasingly going direct as we talk about all year in the park. Go direct. They are not the paper of record any more. Direct is the the internet is a paper of record.

I mean, look at this podcast. I mean, I think like we're going to act. We get more views on this than any other press .

hit we could have. And I think we've probably eclipse them as MBC any show that and we're probably going to pass N B, C. Fox by the end of you.

sure. So uh for me, I would pick the Michael o game. That's not a real company. Um so I just picked the matter, which is just so obvious.

I just think, bo, you have these themes. You're like you're were so after facebook, your super total of a facebook keep cropping .

up in every for me it's dout um i've mentioned IT earlier. I think it's phone enon. I think that they're going to evolve and global reinforces what you think tows no at there what global captain formation are vulnerable? The phenomenon I said, phenomena making the kid from buckin.

Okay, do you think this park where number four years, I know, okay, enough, enough. You ungrateful. Listen me.

now. I am trying get the show over seventy five minutes in. O, K. I say that because I believe that they will become legal and global capital formation for the first time on an incident basis will exist. And I believe forty million is the drive run for the constitution.

Four hundred million and four billion will happen in the next ten years to do bigger and bigger chAllenges. The world wants to bet as a unit together. And this is going to be the crowning achievement of web three dose.

What's the best new tech for you, mr. Poli hop? Tia.

I have two choices oah. One is in the heavens, and that is human space travel. We have three different companies create astronauts this year.

Three, amazing. That's like insanity. That is my blowing. And so if you think about what the next five to ten years can bring, jin, what you said earlier, you know, making ourselves in multiplying ETC species.

What an inspiring ing thing that these thousands of employees across these three businesses did. Huge congrats to all three of them. I found IT really inspiring.

So I think humans, space travel, and in the second, which is much more closer, earth is sub stack, I think really got to a level of scale this year that is really profound. I have found to be uh, an incredible way to stay connected to the truth. And there are some unbelievable people who are now able to create a life for themselves by telling the truth.

Independent voices yeah and and you can support them directly credible you know, a handful of people, mattie, be very wise, eric newcomer, just a handful that jump off the top going clean wall. But there there's many more subjects can not learn how to promote these things to you in a Better way, I think over time. But I think that was incredible. Increasable technology .

and eventually chh, they'll be some sort of group subscription and then you'll be able to put the Green wall and barrie wise and and have multiple publishers coming like an aggregated feed or something to that effect. In other words, you can describe to the new york times of these independent voices and they would .

put the money across them. It's the closest thing to truth as a service that we have.

And with I say pocket right of their trip sex, i'm obviously you're going to be call in but after calling what for .

the best I had the the Chris gina or anything but mother I mentioned that so i'm i'm going to go a starlink IT got yes, I just came out at the end of twenty twenty. But this year kept getting Better and faster and now is reported that starting is faster than the fixed board band average in belgium, canada, australia, germany, the U. K.

In new zealand and and france. Come on. No, yeah, it's pretty. val. Gavin Baker, just tweet this earlier today, this .

morning .

that the all I can .

all .

for .

all of.

okay, my best new technology uh I think the twenty twenty one was the year of plastic news sion. There were several um iterations um and step function improvements in pleasant.

What IT is to people don't know .

the concept ultimately for pleasant confusion is that you can generate a controlled nuclear series of nuclear reactions where energy is released, and as these atoms, uh, transform and energy is released, rather than have a run away breakthrough effect, which you would have in a nuclear bomb, for example, you can actually control IT and harness the energy that comes out.

And there are several technologies and techniques that have been therefore zed for fifty years that we could do this in a way that the energy that we put in to create and the fusion reaction um allows us to get more energy out and therefore you have a net energy creator just by turning Adams into energy in a way that doesn't cause the run away breakthrough, a nuclear reaction that would be the equivalent of a nuclear bomb. And so um you know the M I T C F S collaboration um had an excelling breakthrough that we spoke about on one of our pods. Uh the national ignition facility, which is actually A U S D O E funded facility, came very close to energy abundant. So they have a wonderful chart that shows twenty years of doing this work and this year suddenly balloons.

And is that how they make energy on the sun?

Uh, this one so so all of this is is future that's correct. Uh but that's that's how they make energy on the sun. What we're doing here is um we're basically using lasers to create the same H A density that you would get on the sun that triggers that same sort of nuclear.

And what about your is .

different different funny. Yes, the general .

fusion had .

a big breakthrough .

and .

bill gates is a big backer of a called tera power that announced their building a new reactor. But I think generally speaking, we are seeing twenty, twenty one is kind of that big step change where the stuff is starting to move from theory. Still as everyone's been set for the eight, ten years every year, every ten years.

we say ten years trend, here we go. I'm going to go with the best trend being centrism, purple pills, recall of da reasonable ness, and maybe the the political class actually representing what most of the country wants, which is a high functioning government.

that what he gets. Acx best trend hashtag, woke lash. We saw this is similar yours.

We saw major push back against woke ideology on several fronts this year. First, you have parents pushing back on C. R, T, leading to a republican sweep in deep blue Virginia. Then the whole define the police um initiate was rejected on the ballot of of mini apples were all started even may or was this good now want to refund the police the attempted cancel dave ship hell totally zed out after the walk out protest in netflix and even barack obama told the progressive left to get over their work purity earlier this year they should listen to him and maybe they finally well, next year after losing more elections.

I'll just repeat something I said earlier. Be quick about at the creator economy blossoming um new models for moitie ation for folks that create uh content whether its video, art, music um and uh you know there's all these new models for bringing your art uh to market, uh your content to market and getting paid for IT and consumers are clearly willing to pay for IT. So it's awesome to see the gatekeepers are falling away and the go direct model is working.

What got much time going to double tap that um I had to create our economy. I think it's incredible what these Young creators are basically, you know creating. It's incredible, super, super novel and new forms of content.

Tiktok is super addictive style of the comments. Youtube is incredible. So this is a brave new world for for creators.

alright? So worst trend, the worst trend of twenty twenty one. I'm going to go with giving credit for work that hasn't been done yet and just straight up founder and investor entitlement. I've never seen an all time p year where people expect to be given huge rewards before they do the work. And i'm very concerned about the lack of governance, the lack of diligence and the people believing they should get huge words before they actually do the work.

What he got to mah h, my worst trend is the decision of of the national security of our supply chains. Um if you think about some of the really important things that we're going to have to get done over the next ten years, just the climate as an example, china has done a master ful job. Take control, you know, a lot of the lithium, a lot of the nickle, a lot of the cobalt, a lot of the graphite.

They control all a lot of the rare earth that go into the permanent magnets, and we don't have a solution. So uh, that is a really bad trend that accelerated. This year um we have some really ambitious programs in amErica that are unfortunately stuck because of you know lawsuits uh claiming that the you know the wood gross is more important than batteries ies. And so unless we undo that stuff weren't about place okay, sex, what he got.

i've got the the wise authority ism around the world. And here in the ununited states, I mean, even in western countries like australia, i've been turned into a prison colony for months in the name of stopping covet. Here in the united states, you ve got governors like new son who have appropriate Victoria powers through bogus of emergency.

You've now got um the evacuated, treated as some sort of untouched class of of of citizens. We aren't able to leave their house. They are to buy food and medicine.

Um they're even now in europe pe, they're splitting the forcing people behind particia at the supermarket. A boston just announced our banning a vacation appeal from going to all restaurants, bars nightly. B sport as first center movie.

There's and on and on IT goes on top of that. You've got censorship. You've got the century of speech. You've got this this sort of crackdown on domestic political enemies. And I think it's also in bolding authority, an regimes like china and russia to crack down harder on their citizens because they see what's happen in the west and they think they get away with the so all around bad stuff.

I think tear point acts is one of the reasons why we will see uh people in general looking for alternative ways to govern themselves. Um and IT will only catalist and accelerate some of these other trends that that I think we've been talking about. My worst trend was the metaverse. I think it's like the remaining of something that's been going on for a long time as if it's some new future thing.

If anyone's played fortnight over the last six years or five years, um you know the metaverse has been here for a long time and this notion that you can kind of uh take IT and make IT something that doesn't exist yet and it's all about the future and make some stupid video about IT, uh I think is a little bit laughed and what's already going on, which is people find value in digital goods. People find value in digital levels in beijing. And they find an honor and progress in their lives uh by accomplishing things in the digital universe.

They've been doing that for minecraft a fortnight uh to other places for a long time. Um and it's it's fascinating to watch. But the notion that we call this thing the metaverse and everyone trying to replace assif y at some future singular universe and therefore they can own that singular universe is is a pretty misstated and this guide kind of concept.

Let's go on to your favorite book movie podcast, music discovery of twenty twenty one for music I had war on drugs h for book, uh ray cross autobiography, I listen to unaudited and I was great on TV secession, curb enthusiasm and dope secure my three favorite, I think free bird would he got, uh, concerning that you have had your pop culture, I will tell you guys time I think I think .

it's very important that everyone on the pod and anyone listening to this, that has any interest in what's going on in the world today. Broadly read radios, the changing world order IT is my number one, number two and number three book recommendation of the year. IT is absolutely critical to understand that the global world order is being replaced fied as the united states has taken on too much debt and will ultimately lose its reserve currency status as we have seen with the transition of five or six empire over the past five hundred years. And this transition is very predictable as radi o highlights.

Uh we are following a pattern that we've seen over over again and um and we are in a moment right now we're populism, whether its authority ism on the right or socialism on the left is a reaction uh to what is effectively a very small number of people controlling a very large amount of the wealth and the power in this country and in the world and we've seen this player and as uh governments and societies evolve, eventually this happens. There is a massive revolution typically triggered by some new technology emerging like the printing press, the radio shipping. And in our case today, I would argue what people are calling web three or the block chain as that that trigger ing technology.

And as that happens, the current dominant empire transitions and a new world order emerges. And this this is not some conspiracy theory. It's an in depth to look at the economic, political and social organizations that have broken apart of the last five hundred years and where we sit today.

Um it's not about politics and it's just about manifestations of human behavior over time. Done for that, everyone's going to read IT my second. I got one more.

Come on. OK first west. Andersons the french. This patch is one of the best films I have seen in like a decade you seen.

No, IT is frigid, amazing. I feel like every shot is like a cinematography masterpiece. Um the writing is incredible.

The acting will blow your mind. If you guys see that film, we can talk about for hours. IT is just no political agenda, no nonsense in IT.

It's just pure art is really beautiful. And then on music, i'll give a shadow to a very unknown artist who I think deserves a shutout. His name is decade, a drama decay.

The drama did a collaboration of the guy named allah anda aranda who was on uh, american ideal. My kids cannot stop listening to his track that they did together. It's amazing. H shout out for that guy. I just figured he deserves IT for a putting .

out an an awesome track or exacts um which Steve bad and episode your favorite so .

under a book of the year I have a very recent choice which is sent from sick of my Michael shelling burger IT just came out but it's already, I think, very influential. It's not just about syria s go. It's really about how this so called progressive agenda cities is not working.

I think IT is going to be the blueprint for a major backlash has already begun here in services, go with london breeze taking on chasa budi. I think that's gonna be a occurring theme next year. Also, other big cultural discoveries like to math. I have repeal journalists on gang Green wall, matta, eb and ten o Garcia Martina, all of whom now have shows on calling. So those are my choices.

There's a second plug. okay? I here we go. cheap. What was your favorite APP .

sides .

call in exactly? Um let's see. So, uh my best album is planet her, uh by dog cat sensible fund. Kids love you, I love .

you and you dance .

and you know that .

I have to all in summit dance .

party from the waste no is the truth. Now you cannot hide from the truth, boys.

Best movie is doe.

Uh IT was so beautiful. Um cinematically just gorgeous. Uh, incredible, incredible, incredible movie. And then book.

I've said that this before, but the way I think about the world is using these models and frameworks, one of the most useful models that I have found is this idea of members, or memetic theory, which is that people copy each other that causes conflict. IT was spouse by a philosopher named reijo ard and myself, Peter tiede. There's a bunch of us who are pretty deep readier art accolades. The problem is that his stuff can be a little hard to penetrate. And so there is a book called wanting W A N T I N G by the southern loop purchase super book, very easy to read, very accessible, explains this really well, one of the most useful mental models .

that I have and now just shout we didn't have best comedian here but I really enjoyed his is the king's juster a new show um that is not yet on streaming but that he's doing live IT was hilarious um IT was insightful and .

really enjoyed going to IT you .

like locky I joined .

a lot yes I .

joined that yeah well.

what he is his stores step brother and they did A T. V show called loki which was like a very chAllenging metaverse, multiple time meine kind of set the .

stage for the whole next way of marvel movies. Do you think that was the best marvel product this year or no.

definite, absolutely. In spite man homecoming. But I think IT sets in line that we even heard from sex, that we hear from sex.

Yeah, sex just picked like some writing book. IT was like sample sisi sicko with something and that doesn't watch TV or whatever. I am, in fact, that you you actually love movies. You made movies. Did you see a film you loved or you're just watching like films from me?

Honey, it's hard to find like even one movie that I want write home about, I think these ladies to find T V shows were enjoying yellowstone right now quite a bit. Or if you guys are washing.

that's Kevin body who's on the left, knows where elliston is explained to people this right wing phenomenon.

It's a Kevin costs show out to know if it's right wing. It's about a ranching like family, like their traditional sort cowboys who live in wowing and or maybe monday. I'm not sure anyway, there's all these people trying to go after them to get their land, mostly developers, and they're fighting to preserve their way of life, which is around, you know, raising cows. Teller Sharon.

who is the guide, did search o which, if you've never seen sicardot one and two amazing, the most amazing and most thrillers, you everything, I mean, very hard to watch your so intense. And I think elliston now is the reason I say it's right wing is it's doing incredibly well in the south and it's not .

happening the coastal cities so costly kind .

like you'll leave me alone the very much a place to the rea traditional republican slack america. And it's just off the charts. It's the most viewership of any program and most people in several is new ork. And I I don't even know what IT .

is yeah i'm not sure it's like has an vert political agenda. I mean the family who's the the subject of the show, the cost character, he is in its progress. He does not want developers coming in their building airports, building ski resorts.

He does want preserve his way of life, which is how it's been for one hundred and fifty years, rustling cattle. And I don't know how political that is, but they are like, very tough. I mean, it's like easy.

like a san france is very housing, possibly. Yeah.

okay, we're going to keep up with this one. This is our rooty you award for self immolation, basically, people who destroyed their legacy in some way. Otherwise, just bundle to everything. Sax, I gotta go to you first. I know that you've got your writing team, uh, over at a fox and has something going on here for this one.

Let's go. Well, yeah, I went with the cobo. others. You great. Pl, yes. So first you have the governor Andrew coomed member at the beginning of covet. He was giving these consequences. Conferences there was even talk about on the part of democrats placing biden with him at the twenty twenty convention. This inspire the term quama sexual um who saw as a sex simple and then he got taken down in August by sexual assal allegations then a few weeks later there's a major scandal at CNN when IT leak documents from the new ork gs office show that his brother Chris o had used his portrait no f CNN to take a dir on some of his brothers accusers that he was suspended, automated, fired so both brothers self emulated within a few months of each .

other and Andrew cowell had to return five hundred dollars ook advances for his covent book facebook we got who looked themselves on fire and well.

I I was little generally kind of said, you know, all these politicians who made claims about the vaccine not being worth doing and they got and then on the flip side of the I O. All the politicians who said take the vaccine or you'll get coit and then they took the vacation and they are still got coit. So you know I think again, credibility, institutional credibility and deterministic statements like that from both sides damage a lot of reputations. Uh um and h is just brutal to watch from one data the next from Elizabeth rant to and paul people getting code, making one claim another about you the the good or the bad of the vaccine and at the end of the day cover doesn't care clearly um so anyway pretty gotcha h centra caren I think .

center or caren is the obvious choice for me um kind of proof that he doesn't really know much about economics is you know kind of mean um and just basically wants to me know is a moral absolutes authoritarian just on the left by the way and I just i'll .

energy CT because i'm so passionate about this right now since i've read this book. But you know you'll here you'll see in this book that um this populist diatribe that you hear from both sides, whether it's the right or the left, comes from A A place that's driven by an allocation of a lot of the resources, capital and influence and power to a small number of people um and whether a senator Karen or Donald trump they ultimately end up being the you know the same characters played by different actors over time and the left and the right stand up with authoritarian m and socialism is the answer and the whole thing cycles over again um and we're in this moment right now, this sort of stuff that you guys are talking about, senator caring and others kind of saying is only going to get louder, i'm convinced.

But I think it's interesting. I think she's overplayed here massively. I mean, she's become social and such a scold that SHE can never win that that beer test. Quite remember that question asked.

They pull people on about presentin candidates is who do you most ever bear with? Know that that question actually is important because I don't think people want to have a beer with people who are scalding them. Or are these moral absolutes? Like small said, there is a check there. And so I think she's, I think what he's .

done to backfired. And for me, IT was biden. I mean, what a disappointing uh, performance.

He couldn't control the far left of the party. He couldn't a get anybody on the republican side to give him about one vote. He declared independence from covet in july.

I know it's not a perfect science or anything like that, but I think that this presidency is one and done obviously to everybody. And yeah, he was supposed to go right into the middle. Then he has not gone anywhere near the middle or bled from the front either way. All right.

here we, my god, Jason, much fox watching .

and I with you too much video, no IT image is possible. The I I really wanted a center, uh, for president he presented as such and then he hasn't done that and now is being forced into century kicking and screaming. You should just started there. That's where that was the promise .

he should started there. That's where he's most comfortable anyways.

That's who is exactly like what a headshake and now he winds up there anyway and it's going to be too late. Uh so IT is a disaster. Um he basically took Victory um from the jaws of defeat, took defeat from the jazz, a Victory IT like terrible.

Okay, here's an award. I don't never going to make this. But who was your favorite? Bey, so this is you picking up three other bases for work. This is your idea. You want to create this division of why somebody .

is your favorite best of the trying .

to give you shat .

up for coming to my he's my favorite best.

you know so you playing .

now it's acts had incredible party and you can I want I want to thank guys that's IT. I I .

had motion. My emotion .

is complete.

I love you that my voice is cracking. This is in my programming, but I should keep IT together that your subtend has not been installed. LED should not be going to pick your free pest. And a goal on the hand.

And this is just a bad idea.

No, I love all three of, I love all three view, but for different reasons, i'm really good, lucky to have all three of his friends.

very nice. I am very lucky to have two of the three of you have planes that I get to fly on second homes that I get to freeload off and freeburg I to say, like, you know, get, yes, as I told your mom free berg, at your wonderful a Christmas party, I said, you know, getting to know your son has been one of the highlights of the last year and a half of resource.

Sincere ly, you know, good friends, which mom and sax, but you know, you and I knew each other from poker, but you know not great friends or super close friends yet. And I think it's been one of the highlights from me and I really have learned to love and respect um your opinions or ethos, uh your effort in the world and in a world of people who are complaining and winning and not doing. I just feel so honored to be able to be uh the moderator here and spend time with you every week. I would do this if we throw the episode away every week because it's inspiring for me for the next six days until we meet again. Um IT really fills my bucket IT recharge my batteries to be with folks who just aggressively want to solve problems .

in the world where we tapping this next week.

That doesn't like two or three weeks. We're going to be at the upfront summit on the second day in L A. I think it's somebody want to give the date today.

H he set IT up. How would the any student if we can terrify? It's the twenty forth and twenty six, but I think we're on the twenty six.

We're on the last day in the afternoon in all in powders we're doing in a mark Christo invited us and then the all in summit will be in may um in miami. We have the dates were about to announce um but don't email me for free tickets. They'll be three hundred tickets to the summit.

Uh two hundred fifty of them are paid and then each best gets twelve tickets to give to a busy is how we're going to run IT. Everybody has to pay and then everything will be simo. Caster, aren't everybody sax, I know you're not capable of saying anything emotional, but let's give a shot just for the, for the audience.

Me is a real question, is a little shit .

an a pea?

I will say this this group, a few relationships .

in particular, had a very rocky year. And so it's and so .

really you too.

Yes.

I put all that went down. But chamar here here. I thought very hard to keep the pot together and to make sure that you guys and you guys are literally like the two characters from step brothers.

What the characters you talking .

about .

this point and and .

it's the .

unit on top.

Joking to fight, to almost break up, to destroy everything we build together, free, broken. And I had to step in, not once, but on two different of time.

So I had to spend mediating the two .

of back, either dict ous.

Reminding .

me, yeah, he said, I got so magazine this year that I thread to make a nick millionaire of spite. I want to make you a million aire regardless. I know you're uncles, not onna.

Do IT love. He's doing great. He's doing great. He's got Carry. Take IT easy.

Everybody know people this day was that whole view to take out real or was IT just for ratings? And I know IT was .

all IT was the bigger field was not the bigger field was not .

air on the air.

And there was a second fuel, second india.

we signed in india and let's say an Operating agreement now yeah, it's not easy. You know, success is hard for a band, you know and I think one of things i'll say about this whole blue haha and and you sax and I having debates about how to run the pod is I think we came to the right place and I look at the comments and I think i've became a Better moderator.

I think, uh, sax, mh, freeburg, you have all become great at passing the ball and showing interesting in each others points. And I feel like we're playing. Know, just always my wish for this is that, you know, we play this game as intellectually, honestly, incredibly and as well with as much discipline, with as much hard work as, like gleg say, the warriors. You and I really feel like even in the last ten episodes, we had a high water market, and in the audience, and everybody tells me the same thing, my god, the guys just .

do as such a great. I say, that is IT really hard. I was with Timothy, yeah, as you guys know.

And secret mission, one thing I served with chaos is no matter how much success or well chamar is, he is still a hustler. And I think that that is true for all of us. And individually and independently, we all still hustle.

We try to make things that we find, things that aren't push this four day. And I think that .

all four of us in the same are in the same vein. And that makes IT really hard for four personalities like that to work together a consistent way. And that underlies a lot of what I think ultimately bubbles up to the surface with some of the stuff. But we should be thankful that we can pull off because it's pretty.

pretty out about j. Here we go. So it's true that without J, L, this pod never what to happened because you are the podcasts. E, in this group, you are the automatic skills, make the part very entertaining and funny. And so like, Frankly, even though you're not as rich and smart as the rest of us, you should stop feeling, you should stop feeling so insecure, because you really are the reason for this pot.

Please let me give a thank you, bring so many great notes to the pot. And you are so eloquent based on what your team writes for you ality to read that script. And the amount of money you spend forming your opinions from talker coles's x writing team is just extraordinary.

Way so much for the table. I can't believe I ever wanted to replace you. Now IT is going to know who I was threading to replace that. There was like, literally like we're going to place this guitar.

Rist boys, have a wonderful holiday.

I love, I love you. Best is okay, everybody. I'll see you all next week for twenty, twenty two predictions, or promise to you no weeks off for the best to be with you every friday night. Bye, bad.

Rainman give.

We open sources to the fans .

and just got crazy.

get. A room or.

A A B B 我 一定。

只 给你。