All-In with Chamath, Jason, Sacks & Friedberg
Home Affordability Crisis, Palantir's Advantage, Big Short on AI, H-1B Abuse, Solar Storm Hits Earth
14 Nov 2025
(0:00) Michael Burry's big short against AI (12:00) Why Palantir is so richly valued vs other tech companies (20:07) Home affordability crisis: Mortgage innovation, building, top priorities to win mid-terms (36:18) H-1B debate flares up again after Trump's comments on Fox News (42:37) Science Corner: Solar storms, coronal mass ejection, risks (51:14) Rich Americans fleeing "the great confiscation" Join us at the All-In Holiday Spectacular!: https://allin.com/events Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://x.com/michaeljburry/status/1988778952299802818 https://x.com/_Investinq/status/1988847716613365845 https://x.com/michaeljburry/status/1987918650104283372 https://www.nytimes.com/2025/11/06/realestate/first-time-home-buyers.html https://x.com/jatanackov/status/1988256651103592564 https://x.com/omapproach/status/1988410644907856075 https://x.com/latestinspace/status/1988606899932299700 https://www.swpc.noaa.gov/
Full Episode
All right, everybody. Chamath is here. I'm here. Freeberg's here. But Saxxy Poo, he was up late at the White House. We'll show some pictures later. He couldn't make it today. But let's get started. We wanted to get you a show and we wanted to get it to you on time for your weekend. Let's start with Michael Burr in his shirt. So you guys know
Obviously, Michael Burry, he's the capital allocator from the big short, and he just deregistered his firm with the SEC. He made a big bet against AI and Palantir. He disclosed the shorts against Palantir a couple of weeks ago. They weren't huge. CNBC apparently reported that the value was like $900 million. Burry says CNBC was wrong, that it was just $9 million.
But he had a really interesting...
accusation, and it's related to what we've been talking about here on the show with the build-out of— I'm sorry, but can we just talk about the complete and total financial illiteracy of the mainstream media? How do you confuse $9 million and $900 million? How do you do that?
I think maybe it's the cost of the shorts versus the value of the stock that the shorts represent. No, it's because there's 100 shares per option. Oh, I see. Yes, because the options have 100. They applied a multiple and they got it wrong.
Got it.
Okay. So the math, the calculator.
It's not that they got the calculator wrong. It's just that they're so uninvested. in assets that they don't know how asset markets work, I think is the more logical explanation. Meaning if you've ever bought a home, you probably know what people are talking about when they're talking about financial elements related to a home.
But I guess if you've never owned a stock or you've never hedged a position or had an option, you don't really know how any of it works. But then the problem isn't the person that wrote it, then there's no fact checking and the whole thing just gets an entire news cycle on its own. Which, by the way, helped his short, and it never should have.
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