All-In PodcastE20: Robinhood wrap up, Insiders vs. Outsiders, California's failing report card & how to fix it
Episode Details
EPISODE INFO
- Released
- February 3, 2021
- Duration
- 1h 20m
- Channel
- All-In Podcast
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/MikeSylvan Referenced in the show: The Insiders' Game by David Sacks https://www.persuasion.community/p/the-insiders-game ABC News - CA EDD admits paying as much as $31 billion in unemployment funds to criminals https://rb.gy/g8uwfj Forbes - Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion https://rb.gy/5bhfsf Rescue California - Recall Gavin Newsom https://rescuecalifornia.org Show Notes: 0:00 Wrapping up the Robinhood situation: major lessons learned, Elon’s Clubhouse interview with Vlad, is the cash infusion to Robinhood a trade of the year candidate in 2021? 20:21 Understanding short positions - why do firms short, more transparency & margin requirements 26:08 Sacks on the growing insider vs. outsider theme in politics & finance, importance of institutions in chaos 31:45 Breaking down California’s report card, why the state is such a mess, what structural problems plague it & how to fix them 1:02:04 Chamath’s Aziz Ansari story, Governor potential, top ways to save California #allin #tech #news
SPEAKERS
Narrator
otherJason Calacanis
hostChamath Palihapitiya
hostDavid Friedberg
host
EPISODE SUMMARY
In this episode of All-In Podcast, featuring Narrator and Jason Calacanis, E20: Robinhood wrap up, Insiders vs. Outsiders, California's failing report card & how to fix it explores all-In Besties Tackle Robinhood Fallout, Wall Street Elites, Broken California The episode opens with a reconciliation over the heated Robinhood/GameStop debate, then dissects what really happened with clearinghouses, capital requirements, and Robinhood’s communication failures. The Besties frame the saga as a broader clash of insiders versus outsiders, highlighting structural conflicts of interest in Wall Street’s plumbing and payment-for-order-flow. They then pivot to California’s “failing report card,” unpacking taxes, pensions, homelessness, crime, housing, and special-interest capture as drivers of decline and out-migration. The group informally sketches a reform ‘playbook’—from school vouchers to corporate tax redesign and drug treatment—while flirting with, but not committing to, a Chamath gubernatorial run.
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