Jason Calacanis

How concerned are you?

There he is.

Dr. Doom is here.

Chamath, your thoughts on Dr. Doom's panic attack of the month.

Is this time real?

Is this the 17th prediction of the next six recessions?

What do we got here, Chamath?

Are you concerned?

How concerned are you about these signals that are flashing?

I think that's exactly what that is, Jason.

There are signals that are flashing.

I think there's pockets of the market that still make sense that you can underwrite if you

want to buy businesses that represent the future.

And if you can find a few of those and you can get comfortable with that and you can own it for 10 years, I think you buy those companies.

And generally everything else, I think you should not speculate and you should generally avoid, not just because it's an upmarket, but in every market.

I've learned this the hard way.

We've all kind of gone through this.

As I get older, it's just not worth it.

The vicissitudes of the market

don't give me anywhere near the sugar high it used to on the way up.