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E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
All-In with Chamath, Jason, Sacks & Friedberg
The Stock Market Is Still Going Up
We have destroyed, collectively as a society, a 35 trillion dollars in global market value. That's 14 % of all global wealth that has been destroyed in basically five months. The difference here is that the last time around, it was really about a handful of financial institutions and some very specific assets. This time around, as you just said, friberg, it's literally everything that's getting smoked. There is not a place that you can effectively hide that has been safe crypto smoked.
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