Chamath Palihapitiya – The Major Problems Facing the World – [Invest Like the Best, EP.211]
My guest today is Chamath Palihapitiya, the founder and CEO of Social Capital, whose mission is to advance humanity by solving the world's hardest problems. I didn't know where this conversation would take us given Chamath's wide-ranging activities and interests but I think it provides an interesting glimpse into some of his core beliefs and the source of his drive. In our wide-ranging discussion we cover potential paths to closing the income inequality gap, how to manage one's personal psychology, his perspective on "value investing", and tackling climate change. I hope you enjoy my conversation with Chamath Palihapitiya.
For the full show notes, transcript, and links to mentioned content, check out https://www.joincolossus.com/episodes/33654465/palihapitiya-the-major-problems-facing-the-world.
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[00:03:13 ] – [First question] – His experience with debt and how he approaches personal finance
[00:09:13 ] – Attacking the problem of perpetual income inequality
[00:12:06 ] – Reaching the right people to fix the problem
[00:15:04 ] – A for profit business to solve the problem of income inequality
[00:19:18 ] – Traps he has beaten and hasn’t beaten in his finances
[00:22:15 ] – Chamath’s focus on family, friends, memories, and legacy
[00:25:01 ] – Big issues of our time; inequality, climate change, improving education
[00:29:28 ] – Lessons learned from Social Capital 1.0, allocating funds for himself and others
[00:32:33 ] – The balance between data and the qualitative analysis of companies
[00:35:26 ] – Insights into businesses beyond the investments he makes
[00:40:29 ] – Absurdities in the value investing style
[00:43:32 ] – Benefits of SPAC investing and opportunities for late-stage entrepreneurs
[00:45:06 ] – Traits in managers that he invests in
[00:47:20 ] – What he’s learned about combatting climate change
[00:51:40 ] – Thoughts on the supply chain, specifically as Americans
[00:54:35 ] – Company life cycles and innovation
[00:57:15 ] – What is most broken in the capital markets system
[00:58:58 ] – Fixing healthcare
[01:01:36 ] – Fixing climate change as President for a day
[01:02:06 ] – Messaging effectively
[01:03:14 ] – Is he a “main character” in the investing world
[01:04:06 ] – Tweeting a picture of himself as a kid
[01:04:42 ] – Kindest thing anyone has done for him