The Host

The amount of teeing it up for you to debunk is what I'm doing here.

I think a lot of the conspiracy theories are built on actual experiments that happened. This one, Project Storm Fury, I'm sure you know about, was to try to modify hurricanes by putting in some chemicals that would freeze them and dull them. So they're kind of building on this.

I think a lot of the conspiracy theories are built on actual experiments that happened. This one, Project Storm Fury, I'm sure you know about, was to try to modify hurricanes by putting in some chemicals that would freeze them and dull them. So they're kind of building on this.

Yeah, break it apart. There have been experiments here with altering weather, altering hurricanes, but that doesn't mean it's Putin, Pelosi, or the Illuminati.

Yeah, break it apart. There have been experiments here with altering weather, altering hurricanes, but that doesn't mean it's Putin, Pelosi, or the Illuminati.

The only good news, Freiburg, is that now people are building the first couple of floors in high rises in Miami and homes on stilts with concrete and with resistant, you know, saltwater resistant material. So there is a counter to this. So we might...

The only good news, Freiburg, is that now people are building the first couple of floors in high rises in Miami and homes on stilts with concrete and with resistant, you know, saltwater resistant material. So there is a counter to this. So we might...

Yeah, so it might actually be an opportunity to upgrade all these homes to resistant ones using another set of technologies. But the bailout is really interesting too, Sax, because Florida's got a lot of electoral college votes, doesn't it? Like, I hate to bring this back to politics, but, you know, promising people bailouts is how these politicians seem to be getting votes these days.

Yeah, so it might actually be an opportunity to upgrade all these homes to resistant ones using another set of technologies. But the bailout is really interesting too, Sax, because Florida's got a lot of electoral college votes, doesn't it? Like, I hate to bring this back to politics, but, you know, promising people bailouts is how these politicians seem to be getting votes these days.

And just for background, FEMA manages something called the NFIP, National Flood Insurance Plan. And it's historically about 50% cheaper than private flood insurance. They have 4.7 million active policies providing 1.3 trillion in coverage. But they instituted a new risk assessment system and that caused rates to increase and

And just for background, FEMA manages something called the NFIP, National Flood Insurance Plan. And it's historically about 50% cheaper than private flood insurance. They have 4.7 million active policies providing 1.3 trillion in coverage. But they instituted a new risk assessment system and that caused rates to increase and

Yeah, it's because of all this, the policies have decreased over the last couple years, meaning less people have flood insurance at the same time that these things are getting worse. And so, yeah, this is a really tough issue. I wonder if this is an opportunity, Chamath.

Yeah, it's because of all this, the policies have decreased over the last couple years, meaning less people have flood insurance at the same time that these things are getting worse. And so, yeah, this is a really tough issue. I wonder if this is an opportunity, Chamath.

if you think about historically how insurance worked, it worked in communities where people would help each other out and do barn raising kind of events when somebody had a problem. So if we just put on our entrepreneurial hats here,

if you think about historically how insurance worked, it worked in communities where people would help each other out and do barn raising kind of events when somebody had a problem. So if we just put on our entrepreneurial hats here,

If you look at the cost of insurance, if 100 different people bundle the cost of their homes together, put money into some sort of platform, like an Uber, Airbnb marketplace, and there was some management structure here of self-insurance, because I know some people are doing self-insurance for healthcare at their companies for this kind of thing. Do you think there's going to be a new...

If you look at the cost of insurance, if 100 different people bundle the cost of their homes together, put money into some sort of platform, like an Uber, Airbnb marketplace, and there was some management structure here of self-insurance, because I know some people are doing self-insurance for healthcare at their companies for this kind of thing. Do you think there's going to be a new...

business opportunity here.

business opportunity here.

Yeah. And Sachs, there's a movement right now A lot of people, even of means, are renting their homes. And so in the real estate market, what are your thoughts on that? Just renting versus buying now becoming something that people in the top half of homeowners or potential homeowners are now electing to not own their home and rent. Have you been monitoring that?