Chamath Palihapitiya

It's not that they got the calculator wrong.

It's just that they're so uninvested.

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.

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.

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 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 gets an entire news cycle on its own.

But then the problem isn't the person that wrote it, then there's no fact checking and the whole thing just gets an entire news cycle on its own.

Which, by the way, helped his short, and it never should have.

Which, by the way, helped his short, and it never should have.

Because if you heard that some random dude had a $9 million bet against the market, you would think nothing of it.

Because if you heard that some random dude had a $9 million bet against the market, you would think nothing of it.

But then to manufacture a headline about somebody who had a moment, it was...

But then to manufacture a headline about somebody who had a moment, it was...

almost 20 years ago, but whatever.

almost 20 years ago, but whatever.

He had a moment where he was kind of right.