Author Topic: Chamath  (Read 24516 times)

valueinvestor

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Re: Chamath
« Reply #10 on: February 12, 2021, 06:01:07 PM »
I thought the GME Call buying tweet was irresponsible. A lot of people were hurt around that frenzy. It didn't need anymore fuel.

I don't think it's Chamath's fault if someone invests their life savings over a tweet.

He also went on air and mentioned he sold out - stock still went up. I guess it's his fault too?

How's this different from Prem announcing a stake in Blackberry? Not to be vindictive - truly not, but I want to challenge your point. People who followed them into those investment loss quite a bit too. People should be responsible for their own capital, as we're in a capitalist economy.


SafetyinNumbers

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Re: Chamath
« Reply #11 on: February 12, 2021, 06:14:54 PM »
I thought the GME Call buying tweet was irresponsible. A lot of people were hurt around that frenzy. It didn't need anymore fuel.

I don't think it's Chamath's fault if someone invests their life savings over a tweet.

He also went on air and mentioned he sold out - stock still went up. I guess it's his fault too?

How's this different from Prem announcing a stake in Blackberry? Not to be vindictive - truly not, but I want to challenge your point. People who followed them into those investment loss quite a bit too. People should be responsible for their own capital, as we're in a capitalist economy.

It's not his fault but he should know the consequences, so why do it?


valueinvestor

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Re: Chamath
« Reply #12 on: February 12, 2021, 06:22:34 PM »
Thatís the point regardless of the why - whether he wanted to be the destroyer of capital or a hero amongst the people, maybe the truth is in the middle - no one can blame him for their mistake. He didnít point a gun at them.

cherzeca

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Re: Chamath
« Reply #13 on: February 12, 2021, 06:27:35 PM »
Thatís the point regardless of the why - whether he wanted to be the destroyer of capital or a hero amongst the people, maybe the truth is in the middle - no one can blame him for their mistake. He didnít point a gun at them.

there is a lot of "hey look at me" on twitter...influencers come to investing. reminds me of blodget though his only mic was cnbc....twitter and reddit much more powerful

SafetyinNumbers

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Re: Chamath
« Reply #14 on: February 12, 2021, 06:33:03 PM »
Maybe he's just a bad guy to me. That's ok.

valueinvestor

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Re: Chamath
« Reply #15 on: February 12, 2021, 06:48:43 PM »
And maybe youíre ďcluelessĒ to me? Thatís okay, right?

Kidding. Just being cheeky.  ;D Thank you for taking the time to discuss. :)

valueinvestor

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Re: Chamath
« Reply #16 on: February 12, 2021, 06:49:18 PM »
Thatís the point regardless of the why - whether he wanted to be the destroyer of capital or a hero amongst the people, maybe the truth is in the middle - no one can blame him for their mistake. He didnít point a gun at them.

there is a lot of "hey look at me" on twitter...influencers come to investing. reminds me of blodget though his only mic was cnbc....twitter and reddit much more powerful

Considering HF are modeling Reddit posts for their trades. Canít disagree.

jobyts

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Re: Chamath
« Reply #17 on: February 12, 2021, 07:05:52 PM »
He is running for the California governor job. He's building a fan base with all the tweets and interviews. That's why he donated his profit+capital from Gamestop.

His vision if he becomes the governor looks very good in my view.

* Creating a "0% State Tax" (which presumably means repealing the state income tax).
* Raising minimum teacher salaries to $70,000 a year (Glassdoor estimates that in 2021, the average annual salary for a teacher in California ranges from $40,000 to $60,000).
* Making California "the global center of all tech & climate jobs."
* Allowing students to choose their schools by offering free school vouchers.
* Guaranteeing income share agreements (ISAs) "so you donít have to get student loans ever again."
* Giving families $2,000 for every new child born in California.

wescobrk

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Re: Chamath
« Reply #18 on: February 12, 2021, 07:33:20 PM »
He is running for the California governor job. He's building a fan base with all the tweets and interviews. That's why he donated his profit+capital from Gamestop.

His vision if he becomes the governor looks very good in my view.

* Creating a "0% State Tax" (which presumably means repealing the state income tax).
* Raising minimum teacher salaries to $70,000 a year (Glassdoor estimates that in 2021, the average annual salary for a teacher in California ranges from $40,000 to $60,000).
* Making California "the global center of all tech & climate jobs."
* Allowing students to choose their schools by offering free school vouchers.
* Guaranteeing income share agreements (ISAs) "so you donít have to get student loans ever again."
* Giving families $2,000 for every new child born in California.


He said on his podcast a couple of weeks ago he isn't running. I think he just wanted to get some free press.
He wants to have his name in the news. It is obvious. He wants to create the next Berkshire to help with inequality. I like Chamath and I think he will do well but I don't buy his argument about setting up a holding company will help with inequality. Only the middle and upper class buy equities. The poor won't be buying. Very few "poor" people bought Berkshire and made a lot of money. Sure someone making $100k a year will buy it but inequality isn't about people making $100k a year it is about the people making less than $15 an hour.
« Last Edit: February 12, 2021, 07:38:56 PM by wescobrk »

shamelesscloner

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Re: Chamath
« Reply #19 on: February 12, 2021, 08:15:37 PM »
He's very smart, but there's something I don't quite trust about him. I'm a big fan of his passion for tackling climate change through capitalism. My mind says yes... my gut says get to know him better first.