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E88: First principle politics, China chaos & outlook, state of private/public markets & more
All-In with Chamath, Jason, Sacks & Friedberg
The Skill of Private Market Investing
Jason Thoy: It turns out that the skill of private market investing and the skill of public market investing are different. We were able to clear some positions at very high valuations that are now lower than that in the private markets, which i feel smart about. I went from 60 in the peak february of 20 21 to a seven in may. The four of us benefited from the extraordinary luck of being in tech.
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