Scott Bessent | All-In DC
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What was the White House experience like for Chamath and Friedberg?
Okay, we are here in Washington, D.C., in front of the White House, having spent the afternoon with our friend David Sachs, our friend Elon Musk, and others. We are here to learn about the debt, the deficit, what's going on in D.C., and we have an incredible interview lined up with Scott Besant, Treasury Secretary of the United States. It was amazing. And it's been an amazing afternoon, and we're really looking forward to it. It was amazing. Well, this is the pre, the intro to the video.
It will be amazing. It's not the pre. Let's just, it's the post. What the fuck? We're going to pretend it's the pre. It was amazing.
It will be incredible. It was incredible. But how cool is the White House? And here's a bell. Okay. I'm pretty sure, I'm pretty sure the bell.
I cannot even describe to you the day we had running around.
It's incredible. Running around room to room in the White House.
One of the best days of my life.
It was one of the best days of my life.
It was incredible. Incredible.
I think this bell is probably pretty important. Can you guys get a shot of this bell? I don't know what it is, but it's really important. Yeah.
The White House, the people, 201, super kind, super open. Super curious. I mean, you felt it. You felt accepted.
Yeah, I felt it. But I got free soda. They have a soda machine where you can make any Coca-Cola flavor you want in the White House. It was pretty cool. I took some hummus. I wrapped it on Freebird's face and I punched him in the face. It was a cool afternoon. And this is, what is this? The East Wing of the White House. And we took a walk from the West Wing all the way over to the East Wing. Through the portico. And then we snuck in. Well, we didn't sneak in. We walked in. And then we're walking around the East Wing. We went to all of the private rooms. I got great photos. We'll slice them into this video. And then some Secret Service dude comes up and he's like, what are you doing here? This is the residence of the president. You have to get the fuck out.
He's like, you need to go downstairs now. So we got kicked the fuck out. But it was an incredible experience. Incredible tour. Super great. Yeah. Anyway, we're excited for this interview with Scott Besson. Hope you enjoy it. All right, besties. I think that was another epic discussion. People love the interviews. I could hear him talk for hours. Absolutely. We crushed your questions. Admit it. We are giving people ground truth data to underwrite your own opinion. What'd you guys think? That was fun. That was great.
Well, today's a really important day. We're joined by the 79th Secretary of the Treasury, Scott Besson. And this is an opportunity that we wanted to take as part of a longer form way of explaining to people not just how the economy works, but in a little bit more detail, where are we in this moment in time? Where are we with deficits, tariffs, the budget, economic, monetary, fiscal policy? How do we make sure that we all understand the plan to make America great again? So, Scott, thank you for joining us.
Good, gentlemen, thanks for having me.
I actually want to start with, let's go back in the Wayback Machine. So South Carolina, your father was a real estate developer. Tell us where the passion for finance came from.
Well, I don't know where finance in particular came from. As you mentioned, my dad was a real estate developer and he was kind of boom, bust kind of guy. So I think that's where my passion for risk management came from. But I was very fortunate. Went to Yale, wasn't sure what I wanted to do. 1980, when I got there, probably you all can't imagine this, but there used to be these things called punch cards. And the Yale computer system had just gone from punch cards to screens. I was thinking of being a computer science major, maybe a journalist, because people actually used to read newspapers. So punch cards and newspapers from the Wayback Machine. And I got an internship just for an individual and he taught me the investment business really well and I And who is that? His name is Jim Rogers. He's famous. He was George Soros' first partner. He had just completed an around-the-world motorcycle trip and written a book called Investment Biker and a fascinating guy and I
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Chapters
2 chaptersSpeakers
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