Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions

(0:00) Bestie intros!

(1:59) Labor department revises down nonfarm payrolls by 818K

(15:02) MIT publishes data from first incoming class post race-based admissions ban

(36:16) Decision 2024: State of the race, Polls vs prediction markets

(52:33) Tale of two tickets: Private sector vs. Public sector

(1:05:19) Kamala Harris supports Biden's tax plans, including a 25% wealth tax on those with more than $100M in assets

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https://twitter.com/friedberg

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Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html

https://x.com/RealEJAntoni/status/1826290040374243821

https://x.com/DavidSacks/status/1664788807059660800

https://www.statista.com/statistics/269959/employment-in-the-united-states

https://fred.stlouisfed.org/series/FEDFUNDS

https://polymarket.com/event/fed-interest-rates-september-2024?tid=1724345228774

https://x.com/chamath/status/1826360792351957141

https://www.nytimes.com/2018/06/15/us/harvard-asian-enrollment-applicants.html

https://www.natesilver.net/p/nate-silver-2024-president-election-polls-model

https://x.com/Polymarket/status/1826469365069271419

https://blockworks.co/news/polymarket-july-all-time-high-trading-volumes

https://www.semafor.com/article/08/19/2024/harris-camp-signals-it-backs-biden-bid-to-raise-taxes-on-wealthy-corporations

https://www.wsj.com/livecoverage/dnc-election-2024-harris-walz/card/harris-backs-tax-increases-proposed-by-biden-pkuLeYl6f1kXrhN4kWgQ

https://www.crfb.org/blogs/kamala-harris-agenda-lower-costs-american-families

https://home.treasury.gov/system/files/131/General-Explanations-FY2024.pdf

Jaksot(348)

E76: Elon vs. Twitter

E76: Elon vs. Twitter

0:00 Jason's new skincare routine, Sacks' Good Friday portfolio update, Bestie intros 3:12 Breaking down Elon's offer to buy Twitter and take it private: poison pills, board responsibility and more 30...

16 Huhti 202258min

E75: Fast shuts down, board culpability, Elon buys 9% of Twitter, deplatforming's evolution & more

E75: Fast shuts down, board culpability, Elon buys 9% of Twitter, deplatforming's evolution & more

0:00 Jason's big night out, bestie intros, All-In Summit update and more 8:01 Layoffs and shutdowns: Fast, Better.com, GoPuff; Chamath gives a macro- and micro- overview for startups 14:09 Preventing ...

9 Huhti 20221h 17min

E74: Market update, inverted yield curve, immigration, new SPAC rules, $FB smears TikTok and more

E74: Market update, inverted yield curve, immigration, new SPAC rules, $FB smears TikTok and more

0:00 Sacks' DC trip and foreign policy speaking gig 5:50 Yield curve inversion, breaking down the current state of the markets, understanding the labor market through birth rate and immigration 26:16 ...

1 Huhti 20221h 39min

E73: Late-stage VC markdowns and mistakes, market strategy, Ukraine/Russia update with Brad Gerstner

E73: Late-stage VC markdowns and mistakes, market strategy, Ukraine/Russia update with Brad Gerstner

0:00 Bestie Guestie Brad Gerstner is filling in for Friedberg 1:34 Understanding public SaaS and Internet multiples, Instacart's cuts its valuation by 40%, understanding reality of overvalued late-sta...

26 Maalis 20221h 36min

E72: Impact of sanctions, deglobalization, food shortage risks, macroeconomic outlook and more

E72: Impact of sanctions, deglobalization, food shortage risks, macroeconomic outlook and more

0:00 Jason's new "family office" and Sacks' new strategy 2:39 Understanding where all sides stand in the Russia/Ukraine War three weeks in 15:21 Sanctions risking a major food shortage: possible solut...

19 Maalis 20221h 14min

E71: Russia/Ukraine deep dive: escalation, risk factors, financial fallout, exit ramps and more

E71: Russia/Ukraine deep dive: escalation, risk factors, financial fallout, exit ramps and more

0:00 David Sacks: Man for the people 0:50 Escalating tensions over Russia/Ukraine; nuclear scare; evolving forms of warfare 16:27 Assessing impact of economic sanctions: first, second and third-order ...

5 Maalis 20221h 35min

E70: EMERGENCY POD! Russia invades Ukraine: Reactions, Putin's ambition, Biden's response and more

E70: EMERGENCY POD! Russia invades Ukraine: Reactions, Putin's ambition, Biden's response and more

0:00 Ukraine invasion: how should the US respond? 17:03 Importance of energy independence when dealing with Russia; solutions: Solar, Natural Gas, Nuclear, etc 32:51 Reflecting on the media coverage s...

24 Helmi 20221h 11min

E68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy & more

E68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy & more

0:00 Sacks needs the ball 1:43 Trudeau invokes emergency powers to try and stop the truckers protest 13:45 Bitcoin's role in decentralizing currency away from potentially hostile governments 25:37 San...

19 Helmi 20221h 29min

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