Invest Like The Best
Episode 211 The Major Problems Facing The World
Invest Like The Best

Episode 211: The Major Problems Facing The World

Invest Like The Best

Episode 211

The Major Problems Facing The World

Chamath Palihapitiya is the founder and CEO of Social Capital, whose mission is to advance humanity by solving the world's hardest problems. We cover potential paths to closing the income inequality gap, how to manage one's personal psychology, and tackling climate change.

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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

The Major Problems Facing The World

Introduction

Patrick
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 personal drive. In our wide ranging conversation, 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.

Personal Finance

Patrick
Chamath, I don't know where to start this conversation. We're going to talk about 50 different things. I've been looking forward to this for a while. Maybe I'll start somewhere completely non-traditional that I don't see you get asked too much about on these podcasts, which is the topic of personal finance. We'll definitely talk about the categories of your investing and capital markets and the future and all these great topics as well, but maybe we'll begin very small with just individual personal finance. The reason I'm interested in your opinion here is what you've had to say about student debt and the really interesting story about $27,000 of debt that you once had, which I think was a part of your early motivations and thinking about risks. Maybe tell that personal story and then talk a little bit about how you think about personal finance as a topic.

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