A five million dollar company is worth 500 milliona anywhere from one million to ten million. We're seeing valuations now go to multiples of a or r that we've never seen before. Fin 70 fiv, i would say, hard times.
0:00 Bestie intro, child update, Joe Lonsdale’s take on paternity leave
20:44 Proposed “Wealth Tax”
35:13 Inflation discussion: corporate and government reactions
52:30 Dealing with inflation as a capital allocator
58:49 Big Tech’s outrageous quarterly earnings, why Google is the best business ever, Facebook’s “Meta” rebrand