Overcoming Bias: The Shift to Data-Driven Investing | 6min snip from We Study Billionaires

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TIP354: Building Berkshire 2.0 w/ Chamath Palihapitiya

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CHAPTER

Overcoming Bias: The Shift to Data-Driven Investing

This chapter explores the vital role of data-driven decision-making in investing while addressing the impact of personal biases. The speaker shares personal regrets and emphasizes the need for a systematic approach to balance quick decisions in early-stage investments with thorough analysis for larger ventures.

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In today’s episode, Trey Lockerbie sits down with Chamath Palihapitiya. Chamath is the founder and CEO of Social Capital, his conglomerate focused on solving climate change and inequality, which he has referred to as Berkshire Hathaway 2.0. Chamath was an early executive at Facebook and then went on to become a super successful Venture Capitalist, with early investments into Amazon, Tesla, Slack, and Bitcoin. He’s also now the Chairman of Virgin Galactic and a part-owner of the Golden State Warriors. Chamath has developed a large internet following because of the broadcasting of his SPAC investments in easy-to-digest one-pagers, earning the title SPAC king in recent headlines. But, he has recently taken a step back from the limelight and Chamath talks about why that is.

IN THIS EPISODE, YOU'LL LEARN:

(08:33) How Chamath became a billionaire by age 32
(27:49) What he’s learned from Warren Buffett’s approach and how it applies to Social Capital
(51:54) His journey to living an authentic life and much much more

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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