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I’m curious why you believe he’s a self serving salesman. I’ve seen a few of his interviews on YouTube and particularly some of his CNBC interviews. I can’t rec

I’m curious why you believe he’s a self serving salesman. I’ve seen a few of his interviews on YouTube and particularly some of his CNBC interviews. I can’t recall him trying to give me specific investing advice, but his analysis on a lot of recent events has made sense. And a lot of his general life advice is great. I’m a follower of Chamath, but that doesn’t mean I believe he can predict the stock market any better than I can. What are his self serving/pretending behaviors? Who has he conned, and how? Edit: I’m genuinely curious and asking to get better informed. Why the downvotes?

vmception 5y ago
So basically funds cannot advertise to poor people, or at all because poor people might hear. Those are the regulations in this country. To get around that (aside from using a different registration exemption), a person in the fund is elevated to mythical celebrity status and just talks about money topics a lot, while the fund self fulfills this person’s prophecies by throwing money at all problems (investments inside the company to make them profitable, whether the fund can liquidate at those prices or not) Chamath being Mr-Correct-and-influential-Money-Guy is only to be a self serving salesman Wealthy enough people hear about it and can buy into Social Capital as a limited partner. Or be a SPAC co-sponsor, or part investor in a new SPAC, or be part of the retail investing hoard that also provides liquidity. There is no other reason for him to talk at all. Riding and stoking the populist sentiment is only self serving. That doesn't mean he conned anyone (the grandparent post did not use that term), maybe ripped off but this aspect is no different than any other investment that you’re allowed to take risks on. There isnt anything special about Chamath, except that his niche involves pandering to “the little guy”.
- person_of_color 5y ago
  Bill Ackman is another one who does this a lot.
Melting_Harps 5y ago
> I’ve seen a few of his interviews on YouTube and particularly some of his CNBC interviews. The on with that women at Standford comes to mind, he flat out comes out and says he 'wants to be wealthy in order to be influential,' and is what is left when you're a billionaire: so, given his presence within the high profile VC World and now his spots on the 'all in' podcast I'd say he is making his move. He kind of teased that we would run for Governor on the run up to Newson's recall, only to back track on that. I also saw he is a default 'who to follow' on Clubhouse when I was invited. The truth is I'm a fan of Chamath, mainly because he calls entrenched the SV wealthy on their BS; it doesn't mean he is a saint but you can tell he gets fed up about it as much as any reasonable person does about how much self-serving non-sense it's built on. But I also like him because he is cognizant of how his position in life as a billionaire has more to do with sheer luck and timing than anything else, including working hard, and fully acknowledges how his position is untenable for most millennials and Gen Z despite all the kool-aid drinking in SV filling every founder's head that they can be Elon 2.0 if he just works hard enough. I'm not that familiar with his SPAC positions, it all sounds too much like the derivatives of 2008, which is enough to keep me the hell away from it. I like what Social Capital stands for, but I would never invest in it, but I'm glad it exists. His position in Bitcoin, 2012 was early despite what another poster says: I was there back then and you seriously could only get drugs or socks with it so I'd say a tech person getting involved was rather early. Incidentally, that was the year we finally got retail merchant's attention and did a lot of merchant adoption for Black Friday so it was a remarkable and notable year for many. What followed with the 2013 ATH is when we had our first Eternal September moment.

vmception 5y ago

So basically funds cannot advertise to poor people, or at all because poor people might hear. Those are the regulations in this country. To get around that (aside from using a different registration exemption), a person in the fund is elevated to mythical celebrity status and just talks about money topics a lot, while the fund self fulfills this person’s prophecies by throwing money at all problems (investments inside the company to make them profitable, whether the fund can liquidate at those prices or not) Chamath being Mr-Correct-and-influential-Money-Guy is only to be a self serving salesman Wealthy enough people hear about it and can buy into Social Capital as a limited partner. Or be a SPAC co-sponsor, or part investor in a new SPAC, or be part of the retail investing hoard that also provides liquidity. There is no other reason for him to talk at all. Riding and stoking the populist sentiment is only self serving. That doesn't mean he conned anyone (the grandparent post did not use that term), maybe ripped off but this aspect is no different than any other investment that you’re allowed to take risks on. There isnt anything special about Chamath, except that his niche involves pandering to “the little guy”.

person_of_color 5y ago
Bill Ackman is another one who does this a lot.

Melting_Harps 5y ago

> I’ve seen a few of his interviews on YouTube and particularly some of his CNBC interviews. The on with that women at Standford comes to mind, he flat out comes out and says he 'wants to be wealthy in order to be influential,' and is what is left when you're a billionaire: so, given his presence within the high profile VC World and now his spots on the 'all in' podcast I'd say he is making his move. He kind of teased that we would run for Governor on the run up to Newson's recall, only to back track on that. I also saw he is a default 'who to follow' on Clubhouse when I was invited. The truth is I'm a fan of Chamath, mainly because he calls entrenched the SV wealthy on their BS; it doesn't mean he is a saint but you can tell he gets fed up about it as much as any reasonable person does about how much self-serving non-sense it's built on. But I also like him because he is cognizant of how his position in life as a billionaire has more to do with sheer luck and timing than anything else, including working hard, and fully acknowledges how his position is untenable for most millennials and Gen Z despite all the kool-aid drinking in SV filling every founder's head that they can be Elon 2.0 if he just works hard enough. I'm not that familiar with his SPAC positions, it all sounds too much like the derivatives of 2008, which is enough to keep me the hell away from it. I like what Social Capital stands for, but I would never invest in it, but I'm glad it exists. His position in Bitcoin, 2012 was early despite what another poster says: I was there back then and you seriously could only get drugs or socks with it so I'd say a tech person getting involved was rather early. Incidentally, that was the year we finally got retail merchant's attention and did a lot of merchant adoption for Black Friday so it was a remarkable and notable year for many. What followed with the 2013 ATH is when we had our first Eternal September moment.