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E101: Ye acquires Parler, Snap drops 30%, macro outlook, VC metrics, valuing stocks & more
All-In with Chamath, Jason, Sacks & Friedberg
The Free Bird Dive Tribe
Elon and Kathy would got into this on Twitter about passive versus active. I want to hear the free bird dive tribe. What's your take? A business is a over time. Supposed to be a machine that takes money in and puts money out, then there's money left in the machine. And so very often people will buy a stock because they see their sliver. They don't do the work on what the valuation of the business is relative to comparables or future earning potential.
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