Gavin Baker

I do think that they might be very good for the world. But I do think they would be very bad for America if they replaced, if some constellation of stable coins became the new reserve currency. It is such an advantage to be able to borrow in your own currency and to give that up lightly. That means you control the real size of your debt at all times. oh, wow, we have a big, big debt.

I do think that they might be very good for the world. But I do think they would be very bad for America if they replaced, if some constellation of stable coins became the new reserve currency. It is such an advantage to be able to borrow in your own currency and to give that up lightly. That means you control the real size of your debt at all times. oh, wow, we have a big, big debt.

I mean, this is a little bit like what we just did. Let's just let inflation run hot. And oh, wow, that debt's a lot smaller than it was. Effectively. So I think it would be a big mistake.

I mean, this is a little bit like what we just did. Let's just let inflation run hot. And oh, wow, that debt's a lot smaller than it was. Effectively. So I think it would be a big mistake.

Jason, shouldn't you just go with the vibe of the podcast? Shouldn't you explain what it is? Oh, sorry.

Jason, shouldn't you just go with the vibe of the podcast? Shouldn't you explain what it is? Oh, sorry.

Yeah, I think it's great.

Yeah, I think it's great.

I would take the other side on pro sports teams. It feels like that market is about to be institutionalized and funds are going to start buying pro sports teams that ultimately and ultimately capital markets have way more resources than kind of the wealthy individuals who've done it to date. So I just think it's the amount of money that can go after pro sports teams is about to

I would take the other side on pro sports teams. It feels like that market is about to be institutionalized and funds are going to start buying pro sports teams that ultimately and ultimately capital markets have way more resources than kind of the wealthy individuals who've done it to date. So I just think it's the amount of money that can go after pro sports teams is about to

When you say interacting, what do you mean when you say interacting? Wait, hold on.

When you say interacting, what do you mean when you say interacting? Wait, hold on.

No, I just want to just come back to Chamath because for sure these private equity guys are DCFs. The NBA has been terribly managed. I think even LeBron said they have a big problem. know and i'd separate the nba is the worst managed nfl is probably the best managed but the one kind of counterpoint i would say on the tv rights is google bought sunday ticket and are extremely happy with it

No, I just want to just come back to Chamath because for sure these private equity guys are DCFs. The NBA has been terribly managed. I think even LeBron said they have a big problem. know and i'd separate the nba is the worst managed nfl is probably the best managed but the one kind of counterpoint i would say on the tv rights is google bought sunday ticket and are extremely happy with it

Amazon and Netflix also both bought NFL games and are really happy with them. And so I just think those three companies, it doesn't really matter to them if pharma ads go away. In 18 months, you're going to be able to dynamically create an ad for each individual person and show it to them. And if you're a high value user that Google knows that you're about to book a vacation,

Amazon and Netflix also both bought NFL games and are really happy with them. And so I just think those three companies, it doesn't really matter to them if pharma ads go away. In 18 months, you're going to be able to dynamically create an ad for each individual person and show it to them. And if you're a high value user that Google knows that you're about to book a vacation,

They'll dynamically generate whatever hotel destinations you want and show click here. So I just think sports, as long as they command the eyeballs that they do, and for sure, if the NBA doesn't fix it, the value of those franchises will start to decline.

They'll dynamically generate whatever hotel destinations you want and show click here. So I just think sports, as long as they command the eyeballs that they do, and for sure, if the NBA doesn't fix it, the value of those franchises will start to decline.

But just the fact that all of the biggest tech companies are so happy with the sports kind of rights that they bought, they're going to buy them all. Every sport will go to one of those companies.

But just the fact that all of the biggest tech companies are so happy with the sports kind of rights that they bought, they're going to buy them all. Every sport will go to one of those companies.