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E172: SBF gets 25 years, Trump's meme stock, RFK Jr picks VP, Biden's 2025 budget & more

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Coronavirus, Startups, Learn, Chamath, Investing, Davidsacks, Business, Alllin, Iq, Calacanis, Poker, Health, Jason, Technology, Sacks, Grow, Entrepreneurship, Friedberg, Money, Covid19, Gambling, Davidfriedberg, Allin, Palihapitiya, Tech, Tips

4.45.8K Ratings

🗓️ 29 March 2024

⏱️ 88 minutes

🧾️ Download transcript

Summary

(0:00) Bestie Intros: Late night poker snacks!

(2:33) SBF sentenced to 25 years

(16:41) Trump's meme SPAC: modern trading card, protest vote, or something else?

(34:59) RFK Jr. selects Nicole Shanahan as VP

(47:46) Biden's budget plan for 2025: how to confront America's existential crisis?

(1:11:59) Science Corner: Why the price of cocoa has skyrocketed!

(1:16:41) Movie talk and wrap!

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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.reuters.com/technology/sam-bankman-fried-be-sentenced-multi-billion-dollar-ftx-fraud-2024-03-28

https://www.cnbc.com/2024/03/25/ftx-estate-sells-majority-stake-in-startup-anthropic-for-884-million.html

https://coingeek.com/ftx-founder-sam-bankman-fried-sentenced-to-25-years-in-prison

https://www.google.com/finance/quote/DJT:NASDAQ

https://www.sec.gov/Archives/edgar/data/1849635/000119312524036093/d408563ds4a.htm

https://www.sec.gov/news/press-release/2023-121

https://apnews.com/article/trump-media-gamestop-truth-social-meme-stock-666e62b4f3f788bd6276764056bc7c0d

https://www.nytimes.com/2022/05/18/business/melvin-capital-gamestop-short.html

https://www.reddit.com/r/wallstreetbets/comments/lau37c/we_can_stay_retarded_longer_than_you_can_stay

https://www.wsj.com/politics/elections/rfk-jr-to-name-nicole-shanahan-as-running-mate-for-presidential-bid-4b9a698e

https://twitter.com/CollinRugg/status/1773147897439436939

https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html

https://www.reuters.com/world/us/bidens-2024-us-government-budget-is-also-campaign-pitch-2024-03-11

https://www.whitehouse.gov/wp-content/uploads/2024/03/budget_fy2025.pdf

https://manhattan.institute/article/the-limits-of-taxing-the-rich

https://www.brookings.edu/wp-content/uploads/2016/06/09_effects_income_tax_changes_economic_growth_gale_sawick.pdf

https://fred.stlouisfed.org/series/FYFRGDA188S

https://fred.stlouisfed.org/series/FYONGDA188S

https://www.oecd.org/tax/revenue-statistics-united-states.pdf

https://www.visualcapitalist.com/inflation-chart-tracks-price-changes-us-goods-services

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

https://www.blackrock.com/corporate/investor-relations/larry-fink-annual-chairmans-letter

https://www.kakaoplattform.ch/about-cocoa/cocoa-facts-and-figures

https://www.movieposters.com/products/daliland-mpw-138836

https://twitter.com/stillgray/status/1773234188663054751

https://twitter.com/elonmusk/status/1773240336292393144

Audio player

Transcript

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0:00.0

Nat and I have goals when I play poker.

0:02.8

She always leaves me with the following.

0:05.7

Play well, check.

0:07.6

Have fun.

0:08.6

Check.

0:09.8

Do not eat late at night.

0:11.4

Never a check. Not a chance chance as soon as we finish dinner

0:15.0

within 20 minutes back at the poker table to talk it's like may I have my

0:18.9

hog and daws now may I have my second Hagenod now.

0:25.0

Helmuth, you are buying the milk tonight. Helmuth, fire up the cheeseburger melt, don't you?

0:28.0

Did you see?

0:29.0

Freiburg, you should have seen the last week.

0:30.0

Helmuth at the dinner table.

0:32.0

Sean made some like incredible I thought like fresh

0:36.6

sorbet of some fruit or whatever he at the dinner table ordered from Dordash

0:42.1

double-stuck Oreos some nutter butters and some cherry beats.

0:46.6

They arrived when we left dinner and got back to the poker room.

0:51.4

It was so disgusting and then then the next day, my whole household, everybody,

0:56.0

Nat, the kids are like, what are these things? They were like holding up these nutter butters,

0:59.7

they were looking at never seen another but. The best part about Phil Home Mutes

1:04.9

Dory Dash addiction is that,

1:08.0

like at least once a month, Chamoff

...

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