#974 Chamath Palihapitiya on How To Invest Through A Crisis (2020 Replay)

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 23 May 2022

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode is a replay of the most listened to "Pomp Podcast" ever with Chamath Palihapitiya. This episode was recorded during the height of the 2020 Covid crash that sent the markets into a tailspin and investors panicking. Given today's macro environment and current market lows, I thought it would be a good idea to revisit this episode to help you and I navigate this market instability. This episode is filled with timeless investing principals that will help anyone in any scenario. Whether it's your first listen, or a repeated listen, you will find tremendous value here. I hope you enjoy this world-class education from one of the best entrepreneurs and investors in the world! ======================= Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ======================= Imagine coinmarketcap - decentralized. 3X in valuation is 15 billion dollars from the current price. Cryptotoday.com starts at zero, at fair launch on 7th of March. No VC. No pre-sale. Team tokens locked. For the people, by the people. For decentralized crypto. Visit http://cryptotoday.com and read the whitepaper for the details.

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. Today's episode is a special one.
0:13.4	We're doing a replay of my interview with Chimoth Palapitia, the CEO and founder of Social Capital.
0:18.8	The reason why we're doing this is this is the single most
0:21.0	popular podcast episode we've ever had, and we recorded it during 2020 in the middle of the
0:25.8	pandemic, the recession, and the liquidity crisis. People love this episode because it gave you
0:30.9	insight into how one of the great investors thinks about liquidity, thinks about recessions,
0:35.1	and also how they position themselves to potentially benefit
0:38.1	when we come out on the other side. Given the current market conditions, I thought a lot of
0:42.6	people may want to rehear this exact episode and kind of apply some of those lessons to
0:47.3	today's market. Before we get in this episode, though, I first want to talk about our sponsors.
0:51.8	This episode is brought to you by BlockFi. BlockFi provides financial products for crypto investors.
0:56.3	Those products include the BlockFi wallet, a U.S. dollar loan collateralized by your
0:59.9	crypto and a no-fee trading product.
1:02.9	BlockFi also released the world's first crypto rewards credit card.
1:05.6	It's a Visa credit card that gives you crypto back as your rewards instead of cashback
1:09.3	or airline miles.
1:10.6	They recently introduced rewards flex,
1:13.2	so customers choose which crypto assets they receive from their credit card rewards
1:16.4	from the BlockFi Rewards credit card.
1:18.9	For people in the U.S. who own or are interested in owning crypto or stacking more sets,
1:23.7	the Blockfire Rewards credit card provides the easiest way to earn more crypto
	...

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