E20: Robinhood wrap up, Insiders vs. Outsiders, California's failing report card & how to fix it
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 3 February 2021
⏱️ 81 minutes
🧾️ Download transcript
Summary
Follow the besties:
https://twitter.com/DavidSacks
Follow the pod:
https://twitter.com/theallinpod
https://linktr.ee/allinpodcast
Intro Music Credit:
https://twitter.com/yung_spielburg
Intro Video Credit:
https://twitter.com/MikeSylvan
Referenced in the show:
The Insiders' Game by David Sacks
https://www.persuasion.community/p/the-insiders-game
ABC News - CA EDD admits paying as much as $31 billion in unemployment funds to criminals
Forbes - Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion
Rescue California - Recall Gavin Newsom
Show Notes:
0:00 Wrapping up the Robinhood situation: major lessons learned, Elon's Clubhouse interview with Vlad, is the cash infusion to Robinhood a trade of the year candidate in 2021?
20:21 Understanding short positions - why do firms short, more transparency & margin requirements
26:08 Sacks on the growing insider vs. outsider theme in politics & finance, importance of institutions in chaos
31:45 Breaking down California's report card, why the state is such a mess, what structural problems plague it & how to fix them
1:02:04 Chamath's Aziz Ansari story, Governor potential, top ways to save California
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm going all in, with your beak, with your beak, with your beak. |
| 0:07.5 | 50s are perfect. |
| 0:08.5 | I'm going all in, with your winners, ride. |
| 0:13.5 | Rainman David Sack. |
| 0:15.5 | I'm going all in, and it said we open-source it to the fans, and it just goes easy. |
| 0:22.0 | Love you guys. |
| 0:22.5 | Nice. |
| 0:23.0 | Queen of the King of the World. |
| 0:24.5 | I'm going all in. |
| 0:26.0 | All right, everybody. Welcome. It is the podcast you've been waiting for the all-in pod emergency |
| 0:31.5 | episode 20, the number 11 podcast in the world. |
| 0:37.2 | Number one in tech. Number 11 overall. |
| 0:40.2 | Joe Rogan Sway, Pivot, NPR, Rachel Maddo, left in the dust. |
| 0:47.0 | Welcome to the number 11 podcast in the world. |
| 0:51.5 | Can you believe it? |
| 0:52.5 | Besties with us. |
| 0:53.5 | Queen of Ken Wai himself, David Friedberg, Rainman, David Sacks, hot off the banger by young |
| 1:01.3 | Spielberg, closing up episode 19. |
| 1:04.4 | And of course, the dictator, Chimath, Pauli Haapatia, how are we doing boys? |
| 1:09.5 | Lovely. How are you, Shika? |
| 1:12.0 | Lovely. |
| 1:13.0 | Friedberg. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from All-In Podcast, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of All-In Podcast, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

