All-In with Chamath, Jason, Sacks & Friedberg E65: VC markup dynamics, Russia/US tensions over Ukraine, Altos Labs raises $3B, Stripe mafia & more
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Jan 29, 2022 The hosts dive into their worst investment blunders and the complexities of venture capital, shedding light on the emotional rollercoaster of trading. Tensions between the US and Russia emerge as a critical backdrop, revealing historical implications and potential global repercussions. A staggering $3B is raised for Altos Labs, igniting discussions on age reversal breakthroughs. Meanwhile, successful corporations like Netflix and Tesla lead the conversation on economic resilience amidst looming rate hikes and supply chain disruptions.
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Investment vs. Trading
- Separate investments and trades, focusing on long-term ownership for investments.
- Avoid emotional panic selling during market lows, and desensitize yourself to volatility.
Ackman and Netflix
- Bill Ackman bought the Netflix dip, highlighting that market downturns create opportunities.
- Chamath Palihapitiya's private portfolio gained while his public portfolio broke even, emphasizing the disconnect in valuations.
Venture Valuation Disconnect
- Venture firms are incentivized to inflate valuations for fundraising, even if the business performance doesn't justify it.
- This creates a disconnect between private and public market valuations, where public companies experience normal downturns.