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3min chapter
E55: Valuing crypto projects, Rivian worth $100B+, inflation: causes and corrections and more
All-In with Chamath, Jason, Sacks & Friedberg
The Bar Acquisitions Is Extremely High
i b m's marke cap has gone down to a hundred and 13 billion. In the meantime, they've bought back 132 billion dollars of stock. So we had ere nock, they're not good capital alicator. Well, we have horrible capital misapplocation. And so all this capital misapplication has really put us on the wrong foot. The pandemic basically showed that we were really ill positioned.
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