E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more

ℹ️ EPISODE INFO

Released

April 1, 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 Referenced in the show: Axios - Changes to capital gains taxes omitted from Biden's infrastructure plan https://www.axios.com/biden-infrastructure-plan-capital-gains-taxes-318224d2-84f8-4c48-b5db-bbcec5fdd74f.html Cal Matters - A wealth tax could sabotage California’s recovery https://calmatters.org/commentary/my-turn/2021/03/a-wealth-tax-could-sabotage-californias-recovery Healthline - COVID-19 Vaccines May Help Stop Virus Transmission: Here’s What We Know https://www.healthline.com/health-news/covid-19-vaccines-may-help-stop-virus-transmission-heres-what-we-know Show Notes: 0:00 Besties intro, state of the public & private markets 18:54 Chamath receives inspiring note re: last week’s longevity talk 21:17 Archegos debacle, issues with trading on margin 32:26 Biden’s infrastructure bill, US government becoming overleveraged 45:45 Potential tax hikes, inefficient deployment of capital, California wealth tax impact 52:59 Trade off between freedom & equality, how free markets spur innovation, generational changes 1:05:14 Is a wealth tax constitutional? Vaccine update #allin #tech #news

🎤 SPEAKERS

• Chamath Palihapitiya

  host

• David Friedberg

  host

• Jason Calacanis

  host

• Narrator

  other

🧾 EPISODE SUMMARY

In this episode of All-In Podcast, featuring Chamath Palihapitiya and David Sacks, E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more explores sPAC mania, Archegos blowup, and looming debt drive policy battles The hosts dissect extreme froth in public and private markets, focusing on SPAC oversupply, PIPE fatigue, and hedge-fund-style leverage blowing up in the Archegos debacle. They contrast short-term, leveraged “year-to-date” risk-taking with longer-term, inception-based investing, and discuss how that dynamic drives violent market swings. In private markets, they describe seed and growth valuations roughly doubling, prompting some VCs to shift from new deals to doubling down on existing winners. The conversation then pivots to U.S. debt, Biden’s multi-trillion spending plans, corporate and potential wealth taxes (especially California’s proposal), and a broader tension between economic freedom, equality, and an increasingly risk-averse, expert-driven political culture.

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