Home Affordability Crisis, Palantir's Advantage, Big Short on AI, H-1B Abuse, Solar Storm Hits Earth
Episode publishedPodcast: All-In with Chamath, Jason, Sa...All-In with Chamath, Jason, Sacks & Friedberg
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Alright, everybody. Chamath is here. I'm here. Friedberg's here. But Saxe Pooh, he was up late at the White House. We'll show some pictures later. He couldn't make it today, but let's get started. We wanted to get you a show, and we wanted to get it to you on time for your weekend. Let's start with Michael and his shorts. You guys know, obviously, Michael Burry. He's the capital allocator from the Big Short, and he just deregistered his firm with the SEC. He made a big bet against AI and Palantir. He disclosed the shorts against Palantir a couple weeks ago. They weren't huge. CNBC apparently r
Can we I'm sorry. But can we just talk about the complete and total financial illiteracy of the mainstream media? Mhmm. How do you how do you confuse 9,000,000 and 900,000,000? How do you do that?
I think maybe it's the cost of the shorts versus the value of the stock that the shorts represent.
No. It's because there's a 100 shares per option, so they
were Oh, I see. Yes. Because the options have a 100.
Of course. A multiple, and they got it wrong.
Got it. Was yeah. So the math, the calculator, because they got
the calculator wrong. It's not that they got the calculator wrong. It's just that they're so uninvested in assets that they don't know how asset markets work, I think, is the more logical explanation. Meaning, if you've ever bought a home, you probably know what people are talking about when they're talking about financial elements related to a home. But I guess if you've never owned a stock or you've never hedged a position or had an option, you don't really know how any of it works. But then the problem isn't the person that wrote it, then there's no fact checking, and the whole thing just g
That's a good point.
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