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Friedberg

๐Ÿ‘ค Speaker
1955 total appearances

Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

Let's all commit to hiring as many people as possible from non-traditional schools. Absolutely. I mean, that's what I do already. I mean, it's working.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I mean, I think these are really good businesses, but they are some combination of entertainment and gambling. I don't think that these things are as useful as directional indicators as they are just really interesting businesses that allow people to bet and wager on all kinds of random things. So I would not look to these sites for that necessarily. Okay.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I mean, I think these are really good businesses, but they are some combination of entertainment and gambling. I don't think that these things are as useful as directional indicators as they are just really interesting businesses that allow people to bet and wager on all kinds of random things. So I would not look to these sites for that necessarily. Okay.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I think that people like Nate Silver do a pretty reasonable job. In his specific case, I think he does a very good job of threading together and doing this meta-analysis of polls. But I think we've learned that this polling is pretty brittle and not super reliable. So the betting markets are exactly that. It's like sports betting, but just on different things.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I think that people like Nate Silver do a pretty reasonable job. In his specific case, I think he does a very good job of threading together and doing this meta-analysis of polls. But I think we've learned that this polling is pretty brittle and not super reliable. So the betting markets are exactly that. It's like sports betting, but just on different things.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I don't even know why any of this matters. Why are we talking about this?

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I don't even know why any of this matters. Why are we talking about this?

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I suspect, though, that I suspect that a lot of that is really at the edges. I read an article recently that just talked about the enormity of the investment that both the Democrats and the Republicans are making to get to these critical areas in these five critical states.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I suspect, though, that I suspect that a lot of that is really at the edges. I read an article recently that just talked about the enormity of the investment that both the Democrats and the Republicans are making to get to these critical areas in these five critical states.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

And if you live in one of these zip codes that really matter, I think that there is just no room for anything but what each side is saying. I don't think you're looking at a betting market or a poll or any of this stuff. And I think the reason why these places have become so critical is that they are very balanced.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

And if you live in one of these zip codes that really matter, I think that there is just no room for anything but what each side is saying. I don't think you're looking at a betting market or a poll or any of this stuff. And I think the reason why these places have become so critical is that they are very balanced.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

They are people that have a good way of making sense of the world and they change their minds a lot, right?

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

They are people that have a good way of making sense of the world and they change their minds a lot, right?

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

They're people that underwrite and re-underwrite their decisions. And to me, that's actually a really wonderful thing to know that there are these, call it million people in these zip codes in five states that are actually quite thoughtful. And I'm actually okay that in the end that those folks will decide.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

They're people that underwrite and re-underwrite their decisions. And to me, that's actually a really wonderful thing to know that there are these, call it million people in these zip codes in five states that are actually quite thoughtful. And I'm actually okay that in the end that those folks will decide.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I would be much more worried if it was hyper-partisan and set up in a way where none of these lies, whoever tells them, are uncovered. The way that it's set up today, all of the crazy ideas get run to the ground. All of the lies get uncovered. And I think that that's a really... healthy place. And I think it's a much better place.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

I would be much more worried if it was hyper-partisan and set up in a way where none of these lies, whoever tells them, are uncovered. The way that it's set up today, all of the crazy ideas get run to the ground. All of the lies get uncovered. And I think that that's a really... healthy place. And I think it's a much better place.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

So I'm generally like, really glad that things look like quote, unquote, a question mark, because I think it creates much more pressure for the candidates to be precise. And I think that that's very important. So I'd love to talk about some of these crazy policy things as well.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

So I'm generally like, really glad that things look like quote, unquote, a question mark, because I think it creates much more pressure for the candidates to be precise. And I think that that's very important. So I'd love to talk about some of these crazy policy things as well.

All-In with Chamath, Jason, Sacks & Friedberg
Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

You're picking up on something that I think is really important that I think has been underreported. It really is a tale of two different tickets. The Republican ticket, whether you like them or not, are very financially astute actors. And if you look at the Democratic ticket, they are underinvested to not invested at all in anything that would normally resemble the United States economy.