All-In with Chamath, Jason, Sacks & Friedberg

Industry veterans, degenerate gamblers & besties Chamath Palihapitiya, Jason Calacanis, David Sacks & David Friedberg cover all things economic, tech, political, social & poker.

E15: “The Besties” All-In’s inaugural award show covering the best, worst & most memorable of 2020

E15: “The Besties” All-In’s inaugural award show covering the best, worst & most memorable of 2020

Fri, 18 Dec 2020 12:46

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Show Notes:

0:00 The besties discuss some recent beak wetting, open source merch & more

6:31 Chamath tells the “192.5” weight loss bet story

10:54 Biggest Winner - Politics

13:08 Biggest Loser - Politics

16:24 Biggest Winner - Business

19:47 Biggest Loser - Business

23:22 Biggest Winner - Culture

26:24 Biggest Loser - Culture

32:31 Biggest Turnaround

34:49 Biggest Flash in the Pan

39:32 Biggest Breakthrough

43:51 Smartest Move - Business

49:58 Dumbest Move - Business

56:25 Smartest Move - Politics

1:00:20 Dumbest Move - Politics

1:04:22 Best/Worst Political Theatre

1:12:57 Best Memes

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You got a Riddle? You got it done. All too. Hey everybody, welcome back. Besties are back for the all in podcast. The Queen of Kinoa, Freeberg is here, the dictator Chamath, and of course Rain Man David Sachs. And it's been a big week here in Silicon Valley with Airbnb and wish both going public for over $100 billion combined. Anybody get their beak wet on that one? Oh, hey, guys. Ohh what? How are you, David? Yeah, I might, I might have gotten my be quite on on on a couple of those so little beak wed well, I you know what? In celebration of your recent victory with Airbnb and wish I will. Oh no, I can't zoom in on my merch, but I've got my unofficial. Wet your beak. Mug. So, for those of you wondering, we have to. Get a little bit of housekeeping out of the way at first here. Uh, the merch has gone crazy. Have you guys been watching merch on Twitter? Of course. Anybody? Anybody got favorite March or thought some of those? I got some of those mugs. I think they arrived today. They look great. It's amazing. And you know, the best decision we made was was not to let you sell T-shirts, Jason, because you would have. You would have you would have milked this for every, every nickel you could and and said and instead we we open sourced it to the fans and they've just gone crazy with it. I mean they're literally know that hurt you. I know that hurt you a little bit. I mean, the problem I'm having here, no advertising. I'm picking up all the production costs here. I'm sending you guys equipment. You maniacs lose the equipment every time you go from one of your estates to another estate. I'm sending equipment to four different places. Anyway, we've got a special, very special episode for you today we are doing. Drum roll, please. We're gonna add some sound effects to this afterwards. We're gonna do the best of awards today, so we're gonna go through the biggest winners in politics and business and cultures and of course the losers, the flashes in the pan, the best business moves, the stupidest business. We got a lot to get through. But just in terms of housekeeping again, the all in syndicate is up and running. I think there's 4000 people have applied in 10 days. Let's just talk about the market cap of Airbnb while we're wished for that matter. What round did you invest in Airbnb series C was that the Founders fund around? Yeah. Yeah. Congrats. Thanks. Oh, that's so yummy. But to be honest, that was already over a billion dollar valuation, correct? Yeah, it was. It was. I mean, it's still like 80 or 100 X, like a 40X, right? It's like a 40X or something like that. So thank you. Thank you. Thank you. Brian chesky. Thank you. Peter Thiel. Peter LED that round, and Brian was looking to include founders in the round. In addition to it being led by Founders Fund and. So Peter introduced me and that's how it happened. Wow, fantastic. I did not get my beak wet on that, but I did mention Airbnb on my podcast and that, you know, I've been trying to get Brian on the podcast for, I don't know, a decade. And I said, you know, I know you guys want to have on the pod. I've asked them like literally every year for 10 years, but I don't think he likes me. And then he emailed me and said I listened to the podcast, I like you. And I was like, OK, great, will you come on? He's like, I'll come on. So he's going to come on this year, I think, which would be great for this weekend. I think, I think Brian and the whole team really did a masterful job of navigating through the whole COVID crisis. I mean, everybody forgets how negative the publicity was. People were talking about Airbnb as COVID roadkill back in April. I I tweeted a CNBC headline from back in April wondering whether Airbnb was even going to survive. And they navigated the crisis. They did have to cut headcount. But they made the company much more profitable. But they also did great things for both the renters and the host. At the company's expense, they refunded something like $250 million. To the to to to to users who had canceled reservations, but they gave the money to the host to keep them afloat. So they really did a great job navigating this whole crisis. It's a pretty great company. He obviously cares deeply. It was very hard, I think, for him to cut all that staff at that time, right? That was kind of a a tough decision. But they were very generous in how they did it. Yeah. So congratulations on getting the beak wet. Sacks and chamath. I got a bunch of inbound you had filed to sell some shares of Virgin Galactic. I saw you tweeted about it and you wanted to be transparent. People asked for you to address it up front on the show. So go ahead. Yeah, I have a lot of projects that I intend to fund in 2021. I'm probably going to put another. I don't know, I think the forecast was almost $2 billion to work and. I needed to manage my liquidity for this year and make sure that you know. I could continue to make all those investments and. Fund my. Fund all of the other things that I need to do and that's why I did. And you're still a significant shareholder, I assume, and you believe in the company? Yeah. I mean I remain completely committed to that business. You know, I I it it would have been better if I could have sold something else, but it's not quite possible. And when we're entering it, when we when you leave the tax here, you just have to make these decisions to lock in some gains against other losses. And I would have loved to have have not had to do it, but I needed to manage my liquidity and so I sold, you know, it's a small portion of what I own. So, yeah, that was sort of my point. This is a small portion of what you own and I mean this is something that. You know, in poker and in business, you gotta manage your chip stack and you gotta manage your bankroll. So today we're going to do the besties. This is our first attempt at talking about it's our award show for 2020. Let's leave it at that. Let's start out with the biggest winner before. Hold on, hold on a second. How much weight did you lose? Because it's either that you're still fat and you have it. Wait, it's either you're still fat and you have an incredible camera, or you've actually lost weight. And this reminds me, by the way. Ohh, I'd like to tell a story. No, no, no, no. Four years ago. Oh my God, here we go. Jason, Jason and I make a wait, but OK, just don't say the dollar amount. It was like, you know, it was like, I think it was like $10,000 a pound, whatever. And Jason, Jason, he would get 10th. He was about to do. And this is incredible. Jason comes to us five years ago and says, guys, you won't believe it, I'm doing a show on NBC. A reality TV show that's true pilot and with not. About looking deep that up. I don't get canceled. Oh my God, that guy. That guy seems like a train wreck. But OK, that's fine. You're gonna do this pilot with? Don't be silly, you and NBC, and don't you need to, you know, be in fighting shape. And he said yes, I need motivation. So I said here's motivation, let's make a wait. But you need to be under £190.00 and I'll pay you 10 thousand, $10,000 a pound that you're underneath. You pay me £10,000 over. Yeah. It was like six months later and we're hosting, I'm hosting a poker game. And I realized, Oh my God, this is the last. This is the last day of the bet, the day before. And we started the day before. And then the last day of the bed is midnight. Yes, I wait till midnight and I jump up and I'm like, wait, Ben. And so I say, Jason, you gotta be under one 9192.5 or 193 pounds. Yeah, he literally goes ash and white and he says more white than I am now. OK, because I just ate, so I was maintaining my weight. He says he says, OK, OK, that's fine. And he had been eating pizza. Nachos. I mean you. You said that Rick, he ate a brick of grief. I swear to God that and and then he says he says Freeberg, you won't believe this. He goes guys, I just need 5 minutes before the weigh in and then he goes to our guest bedroom and tries to take a ****. That's not true. 13 in this story you try brigaded now. He tried, he tried £5, which I took a leak. Who could do? I took a leave that that's fair after after eating all that pizza and cheese and nachos and everything. Anyways, he loses the weight bet and he says this is completely unfair. I'm not going to pay you. He was like 196 pounds. I'm not paying you this money. And he said, uh, this bet is not over until midnight. The obviously, yes, obviously yes, 25. Fair enough. So I said alright, fine Jake, I'll fine, he goes home. He literally takes every diuretic known to man. Come on. And then he loses it. He did the whole thing in two pairs of sweatpants and sweated it out. I checked in with this guy 10 times this day. He walked like 12 miles. He took four shifts. You know, he just swapped it out. Steam room. He lot. Bath sack. He did. He did a colonoscopy. He did a colonoscopy. Credit he lost £5 by midnight and he wanted to drop it. But then I said, then I said, you know what? Because there were two different Wayans. We were gonna go play in a poker tournament so we went and played in the poker tournament, said Chamath. Buy me into a poker tournament, well, whatever we win, we'll chop it up if it happens. So we just made it into a friendly thing and obviously, but great, now that story is out there and now I'm gonna everybody's gonna be on Twitter with the code there T-shirt and I hope somebody in the all an army does the T-shirt that just says 192.5 and we'll all know what it means. Which is the way that the 190 was 193. Which is crazy that on one it was 193. Anyway, here we go getting into the categories. Our first category is the biggest winner in politics, biggest winner in politics. I'm going to ask you gentlemen to raise your hand. If you have a strong feeling on this, I'll call on one of you who's got a big winner in politics. Go ahead, chamath. Joe Biden. Joe Biden, OK, going out and limb there, Joe Biden, I mean, let's be honest, there's nobody bigger. And actually, if you wanted to abstract it, what I would say is centrism was the big winner and and it kind of feeds the losers, which is sort of the extreme left and the extreme right. But I would say that centrism and Joe Biden were the huge, huge, huge winners. Well, I'll, I'll give a, I'll give a an Orthodox pick, which is Xi Jinping, the chairman of the Chinese Communist Party. You would have thought he would have had a bad year. Starting off with, you know, COVID starting in his country at the beginning of the year, but he was able that they, you know, the global plague came from China. But they were able to kind of, they were able to use a very gullible WHO to launder responsibility for the catastrophe. And they took advantage of the crisis to build more client States and Asia and Africa with promises of vaccines and and money and finally his biggest global nemesis. Trump and then, you know, Pompeo lost in the election, so you have to say he came out on top at the end of this year. Free I I I put I have the exact same answer as sax I put the Chinese Communist Party as a whole actually and I feel like on the world stage they're they're strengthened in in the post COVID world so I had. Yeah, because she went from the famous quote in the debates. There was a little girl in California who was bussed to school. That little girl was me, where she took on Joe Biden. And then she winds up getting the VP slot and I think. She winds up actually becoming president and will be the first female president of the Year of the of of the History of the United States and that could happen in the first term, or if Joe Biden doesn't run for a second term and they do a halfway decent job. Kamala plus, Pete Buttigieg is a pretty great ticket as well. Who's the biggest loser? Who's your biggest loser? Chamath. In part, Donald J Trump and the obvious answer stream left, the extreme left and the extreme right. Got it. I'll, I'll, I'll agree with that. But I'd also add Nancy Pelosi, the speaker of the House. Her impeachment of Trump at the beginning of the year went absolutely nowhere. It wasn't even an issue in the election, and her majority in the House has almost completely disappeared. She lost a dozen seats, I think the, the, the. I think she's down to about four or five seats. As a razor thin majority in the house and she's set to lose more in the midterm elections, I predict that she is set to not be speaker anymore in two years and headed for retirement. OK, Freeberg, you got one biggest loser. I have, I have. The institution of American Democracy is the biggest loser of 2020. I feel like we're coming out of this year with like no belief that our election was valid for vast majority for, for a sizable minority in this country that that the whole some Democrats believe that the election was fraudulent now too. I mean, if you say something enough times, everyone believes it. So, you know, here we are coming out of this year. Where with a crippling lack of faith in our electoral system and it's scary that American democracy is being fundamentally questioned by its own constituents. So so I think that's the biggest loser of the I I had I had two choices here. One of them was already said. I said the historical left as my runner up. Bernie and Warren just dismissed by Biden and Kamala. They they are not even part of the discussion anymore and they didn't even get cabinet positions. So the hysterical left and the Socialist Communist Party. Is out of the Democratic Party, thank the Lord, but my biggest loser. I have to say that this is the worst run of any politician I've ever seen in a year, which is Rudy Giuliani under investigation for Les Parnas and Igor Fruman, then the bogus lawsuit elections, then farting during a hearing, then doing the Barat shirt Tuck. I don't know if we have feelings on if that was the tuck or if he was trying to wake up the genie and then he bleeds hair dye. Then he starts bleeding hair dye. Wake up the GDP and he got COVID. No. And he got COVID. Wait, yeah, and he's in the hospital with COVID. I mean, just think if you think you had a ****** year. I think there's gonna be. The fans of the show are now registering domain names of things. We say the upside for him is that Donald Trump's campaign is paying him $20,000 a day in legal fees. So no, I think it was 200 and it was 20 grand a day. It was only 20. That that's his going rate for making a fool of himself. I have a I have a feeling that rate was adjusted when Rudy couldn't get the case to the Supreme Court. Well, we all know that Trump pays his bills on time, so he shouldn't be a problem. Right. All right. Now we're going to have some more fun. Biggest winner in business, biggest winner in business. Freeberg, you wanna lead us off? You haven't let us off yet. I'll take this one. I think that the biggest winner in business this year is a company that started a few years ago called Moderna. This company had a IPO in December of 18 at 7 1/2 billion dollar market cap. It traded between 4 and 5 billion throughout 2019 and all of a sudden COVID hits and this becomes a vaccine candidate driver for Moderna. The stock shoots up, it's worth 60 billion today. This company has not had a product that's gone to market prior to COVID and they struggled getting this business, but I wouldn't say struggle, but they they never really had a an application for their M RNA technology. They looked at it for years, iterating and pivoting this business and COVID, unlike a lot of other businesses, really gave them an unbelievable kick. And to say, I shot on the arm, I shot in the arm and tonight they got approval from the FDA and they're going to be shipping starting to on Monday. Sax, who you got for the biggest winner in business? We're moving at a good pace here. Elon Musk, our friend Rose rose to become the second richest man in the world, ahead of Bill Gates. And you're right on the heels of Jeff Bezos, his company Tesla had something like A8 or 10X games over $500 billion company. Of course, the products are awesome. It joined the S&P 500 and SpaceX is doing amazing as well. We saw the launch of Starship the other day. And I have just been mesmerized by all these unboxing videos for Starlink, which you can see on YouTube. And it is just magic that you can unbox this little satellite dish, plug it in, and you have broadband Internet from space. So I think, you know, Elon seems to be on track to be not only the world's richest man, but the world's first trillionaire. Wow, big, big, big ups there to E Chamath what he got for the biggest winner in business of 2020. Yeah, I have to agree with Saxy Elon is the Elon basically has had over the last 10 or 15 years. An incredible amount of challenges that he's overcome. He's had an incredible amount of haters. He's had probably had to deal with stuff that most of us would have broken under. And he just fought through it and the guy just basically bended all the haters until he crushed their souls. And I just think that that's incredible. Absolutely. And so Elon Musk is the hands down the biggest, biggest, most obvious winner of 2020. That's the obvious winner. I'll give a couple of runner ups here, I thought. Also on the runner UPS after Elon Zoom, beating Skype, Slack video, Google Hangouts, and fixing all their China issues and getting to $100 billion valuation. Is notable. Obviously Amazon did a great job, but because of the pandemic uh, and then just as an oddball out there, I just thought Adam Silver and the NBA bubble was an incredibly bold project that was executed so well and with such a delightful business moment and also a cultural moment that, you know, you had the NBA shutting down during the pandemic. Remember that dramatic night on a Thursday night and they cancelled the games and then they do the bubble and it works and that gave me hope. That we could get through the virus. So those were some of my other runners up. Alright. The biggest loser in business in 2020. Go ahead, chamath. Facebook and Google exiting the year with umpteen antitrust lawsuits, I think morale must be pretty brutal over there. There's no amount of money at some point that people are willing to get paid to walk in the door every day and just have to deal with those kinds of accusations. And so for all the good in the world that they do which. So it just must be really tough that they have to deal with it. But those guys are, I think, are the biggest losers in business. Who you got sacks? The small business person, you know, whether it's restaurants, retail, hospitality, what have you. Small business people really took it on the chin this year. I agree with Thomas about, you know, companies like Google and Facebook losing esteem and the eyes of the public for good reason. Censorship so on, but tech still are, you know, stocks are at all time highs. The politicians got to keep eating at French laundry, but it was a small business people who got absolutely decimated by these lockdowns which don't even work and so they are the big loser of 2020 burger. You got us. I I'm a little more vanilla than the rest of you guys. I went with AMC Entertainment Holdings. Talk about a ****** business in COVID restaurants. At least you can do take out. You can't take out a movie from AMC. They're they're shut down all over the country. Their creditors are telling them to declare bankruptcy. It's a total **** show. You know? It's going to go back to the movie theaters. You don't think. I don't think they. I don't know what the hell like AMC's gonna do. What do you do with all those theaters? They're awesome. I love going to the movies, but I'm not going to the movies for at least another year or so. And it's sad because honestly. Like. Movies are a big part of my life. Always have been. And it's sad to see movie theaters like, you know, they're gonna come back strong, they're gonna come back stronger. I think Amazon will buy one chain. I think Netflix buys the other. And then with your membership, you get to go and see all the range of stuff and maybe even see like, Queens Gambit in the theater. It's such a great experience, right? Yeah, I would have loved to seen Queens gambit in the theater. Totally. There's so much you could do with theaters, and I think there's an opportunity. But, man, did those guys get screwed this year? Well, I always thought they should do an extended edition, so imagine if when. HBO or one of those. Did you know Game of Thrones? If they had it out the day before in movie theaters or the week before or two days before and they did an extra 10 minutes, people would love that. My biggest loser was of course same as David's real world businesses absolutely demolished and the government after that first stimulus, which was incredible. Trump did an amazing job of just dropping buckets of money, whether it was that PPP loans and PPE loans, whatever the PPP loans, PPP loans. All this stuff was incredible. And then what? Complete, utter ******** and incompetence from our government that they couldn't get the second one done. It's absolutely ******* infuriating that the Democrats and the Republicans the selfish. ******* couldn't get another billion dollars dropped. It was that and here we are in December. That **** needed to drop in August or September, not December. It's just absolutely disgraceful it's there. I'm just disgusted that they couldn't even get some more money. To people who are suffering unemployment and these restaurants, 100,000 restaurant closures by the end of 2020. It's just unconscionable that the stock market is ripping and we can't get. Just some money in people's pockets. Just drop the money. It's infuriating. We're sitting here at the taping of this that it might actually happen. OK, biggest winner in culture. Who's got a big winner in culture? Anybody got one? I got the the Black Lives Matter movement and I think it, I think it was such a like meaningful and impactful. Kind of shift in how people were thinking fundamentally about behavior in society. It's still persisting. You know, there's corporate action, there's state action, there's regulatory action. And I think it's a it's a meaningful movement that's going to persist. I think it came at a time when we all felt like, you know, a lot of people felt locked up in their homes, people were angry, people were frustrated with the system and just it just was a very poignant moment, especially occurring during COVID, that it really took hold. And I think it's gonna last. And I think that the the movement itself is going to spawn a lot of change. Yeah, I think it's well, said David, who diot in culture baby Yoda star. So you went pop culture on that one? Yeah, star star of the Mandalorian show that his his assent to icon status helped Disney get 86 million subscribers for for, for Disney Plus, which just blew expectations and has established Disney plus as the main rival to Netflix. Do you think, Netflix? You think Disney will pass Netflix, correct? I don't know if they'll pass them, but they're now certainly going to be a major rival to them. I think they I think they passed them. OK, Chamath, what do you got? A combination of Fortnite roadblocks and among me, which I think has for at least. A lot of high school and middle school kids, but I maybe a lot of adults. The only form of social interaction that we've had for an entire year. What a great, what a great selection. And and I think it's important to understand how much lonelier we all would have been and how much more mental illness and depression we all would have dealt with if we couldn't have even just talked to our friends. And I think that there is something really beautiful that those games did for people. That's a good one. That's a good one. I I went with podcasting, I think on a cultural basis, Joe Rogan and what's happening in podcasting, these long forming discussions, even this podcast has become just an amazing, amazing movement and people are having better discussions and I consider it the antidote to what's happening on social media. When people hear us discussing stuff on this podcast, they feel like they ate something nutritious, they had a great salad, they had some healthy food, and then when they're on social media and they consume. Same tweets that we're doing, they feel like it's junk food, right? And so I think that podcasting long form discussions, listening to each other, maybe, you know, Republicans and Democrats left, right? Everybody's listening to each other and podcasting is just such a great meeting medium for discussion. Who is the biggest loser on a cultural basis in 2020? Mr. David Sachs? The media, starting with the New York Times and other sort of elite media, they ripped the empire jersey off their backs to go after Trump. Well, they got him, but at what cost? Half the country will never trust them again. This makes conspiracy theories more likely. It makes cultural divides deeper. And they've been revealed to be corporate journalists, journalists who subscribe to and serve an agenda of their corporate masters. They've lost the public's trust. Friedburg what do you got on the biggest cultural loser? Climate change took a back seat this year. It, you know, it had momentum as a as a cultural meme. It's it's lost, it's a it's luster and it's been shadowed a little bit this year with BLM and and COVID and lack of faith in institutions and all the other stuff that's been going on. Do you think that people now when they see the collective response to COVID and the the the vaccines and us our ability with science and technology to solve the pandemic? We will have a newfound appreciation for coordinated global action on global warming, David. I think, are you asking me? I think, I think the, I think the faith in institutions has eroded tremendously this year. The Who telling people not to wear masks and then telling them, hey, masks are good. The F you think that that hits the, I think, just warming movement as well? Yeah, I think that the lack of faith in institutions as well as in the media makes it really difficult for things that require a coordinated effort and a coordinated cultural shift. To take hold you know are really challenged in this new kind of model where where you don't know what to believe and you don't believe in institutions and you don't believe old school and you don't believe States and you don't believe you know anything structural anymore. So it's it's a scary, it's a scary kind of moment. I don't know I think climate change is going to have momentum with the new administration at least coming into office in the US but but generally like institutional guidance is is lost its luster chamath what do you got? Folks, this culture wokeness and I I think when you now look at the realization of what we've gone through, people have realized that, you know, you can you can be extremely anti racist and think Latin X is just a stupid label. You know, you can be an entirely complete 100,000 million percent supporter of LGBTQ, but think that, you know, all these complicated pronouns aren't really necessary. And I think that people are coming to a point where you can have nuance, and I think that that's really important. I think that this whole cancel culture and wokeness was incredibly corrosive and I think that that they lost. I think it's actually a great. I think it's, I think it's a great point you're making chamath because on the last episode, I humbled the word MX, which none of us had ever seen. We all laughed about it and then I just had this little thing. I was like, OK, I guess this is when I get cancelled because I laughed at the fact that or I mispronounced it right. And the fact that I thought even for a second that mispronouncing this term X, which I then did research on and I said, does anybody know how to pronounce? MX on Twitter so I figured I would preempt the dropping of the podcast by bringing it up on my Twitter. And people are like, are you trolling? I'm like, no, I'm asking and I found videos. And it turns out there is an actual controversy in the trans community where MX, some people believe means mixed mixed. Other people think it's MX as X, the variable, as in the variable X. And so they're having their own debate. They're figuring it out. That's great. Everybody loves them. Everybody supports them. But the fact that I mispronounce it, you know, should I be cancelled for Mr struggling with that? Yeah, well, Jason, can I tell you, can I tell those people that are struggling with whether X equals anything or X equals mixed? Human just to touch upon Friedberg's point, the human race has caused 8% of all the species in the world to go extinct, and we have put another 22% of every single other species at the brink of extinction. At the same time, we have now expanded our footprint to touch 75% of the Earth's land surface. So until somebody fixes those problems, I don't actually want to know what the X stands for. Yeah. I mean, we were this idea that we're going to camp until we put, until we put, we put stimulus checks. Put the ******* stimulus checks into people's hands. Get these small businesses back to work. Then you can tell me what the X stands for. Yeah, OK. My biggest loser on culture was the same exact as you, David, were thinking similar. I have taken the red pill you gave me. I crushed it up. I've been snorting these the red pill like crazy. People think I'm turning into a Republican. But I thought mainstream media and late stage journalism sacrificed objectivity specifically to get subscriptions and they used the anti Trump feelings and they worked them and got the. The ratings from them and they literally use that New York Times as the best example. I think the work you guys use for best example is canonical of like using their anti Trump feelings to get people to take out their wallets and subscribe. Everybody realizes it. They drove out Bari Weiss, they drove out their editor of the page from making people feel unsafe with their words. And then New York magazine drove out Andrew Sullivan and then Glenn Greenwald gets leaves his publication. I mean, anybody who dissents inside of one of these publications, they canceled them inside of a publication for an opinion on an opinion page. It's crazy. OK, let's keep everything moving here. Biggest turnaround in I guess this is biggest turn around. Anything, but I did business. I'll lead off with mine. My best turn around was Airbnb. They laid off 25% of the company in July 1900 of 7500 employees. They cut their marketing budget by 800 million. And then they IPO five months later and they had raised a billion dollars at an $18 billion valuation, according to Pitchbook, and now worth 88 billion a week after the IPO. That is a turnaround of all turnarounds. David, who did you have? This is where I had Joe Biden. He finished fourth in Iowa, 5th in New Hampshire. No candidate has ever bombed that badly in the 1st 2 contests and gone on to win the nomination. Biden roared back in South Carolina and then won big on Super Tuesday and wrapped up the party nomination by March's biggest political comeback ever. Hmm, who do you got freeberg? I got Airbnb as well. I mean from yeah. And here's the, here's one of the craziest stats. They're sitting there in Q1 with a great business. Revenue dropped 67% in Q2. Can you just imagine the experience of 67% of your revenue going away and 1/4 cash burn skyrockets and just having to respond quickly and still maintain integrity with your customers and your employees as a leadership team? I mean, it was an incredible leadership demonstration. It's a 5 alarm. Fire, right? I mean, it's literally, you got to get everybody out of the building here. Here we go. I agree with SAX. I agree with that. I agree with that. Jack is wearing a beat. Yeah, who do you got chamath? I'm curious, who is your biggest censor Shan? Biggest censorship. Censor censorship. Censorship existed in draconian and the dark ages of our of our journey as a country and in the world, and it came roaring back this year. The amount of people that have been muzzled stifled the amount of fact and science that literally just gets judged Willy nilly by our distribution points. Like Facebook and Twitter and Medium. It's really scary. So censorship made a roaring comeback in 2020. I I like it. I like it a lot. OK, now we go on to the biggest flash in the pan. You can interpret this any way you like. What do you got, saxy poo? Rain, WHO? The Who? Nobody knew who the the World Health Organization. Nobody knew what The Who was before this year. Then they have become, you know, somehow this global authority on COVID, despite getting everything wrong, they initially said that we didn't need to wear masks. They didn't update that until June 5th. This was about 10 weeks after my blog saying that, you know, masks were a good idea. They got the method of transmission wrong. They were saying that transmission. Namely occurred through fomites, which is contagious surfaces instead of respiratory particles. They initially said that lockdowns worked, then they modified their policy on that because of its. Impact to marginal groups and so The Who has just gotten everything wrong this year, and Despite that fact, you now have to chamas point. Google, YouTube, and even sites like LinkedIn or next door are now censoring people statements if they contradict The Who, apparently without irony, because nobody has contradicted The Who more than The Who itself. I look forward to next year when nobody cares about The Who anymore. Great Friedberg, what he got? Flash in the pan. I put hydroxychloroquine you guys remember? It was gonna save the world for a minute or two, and then, you know, here we are. And so I'm just gonna leave it at that. Yeah. Here. We OK? Yeah. Everybody knows you may have heard of Hydro, Clark Quinn. OK. Some people say it's America. Took it. It's great. Chamath, what do you got? It's a question. It's actually quite related to this. And I thought that she was marvelous, but I do think she will disappear off the scene, which is Sarah Cooper, which. You know, basically in the last month of the campaign. Kind of just disappeared, and now is I I don't think anybody knows who Sarah Cooper is, and probably in a year from now won't. But for for the peer, for the for those dark months of the pandemic, her mockery of Trump was some of the funniest. Stuff on Twitter that I know. Sarah Cooper is amazing. Yeah, she she got a Netflix and I don't think she'll be a flash in the pan. I think she'll come back. I would have loved to pick who was the press secretary for. With the Southern accent for for Trump Sacks Sarah Huckabee Sanders. Yeah, Huckabee she, but I think she was gone in 20 by 2020, so I can't pick her. But she was amazing at defending Trump. She's like, you all are dumb and Trump is smart and he has 150 IQ and he owns Mar-a-lago and he has a jet and his jet yard yet. And you are the fake news. Media and I don't care what you say. American public. Know what you say? And Trump is amazing in bed. He was banging **** stars when y'all were jerking. I mean, he's just, she would defend him. I that's who I want as my PR person. She defended him for all time. My biggest flash in the plan that you need a PR person. Yeah, I don't need a PR person. I got this. We got this podcast now. We don't need the press or PR. We just go right to the audience. Nicola trading at $34 billion. They took your precious spacks chamath and they perverted it with a ***. **** Milton, who was on my podcast and couldn't answer basic questions. It's now worth 6 billion. I predict it will be worth $0.60. I kid you not, this company will go to 0, is my prediction. If you are buying companies and I made Jason, you're going to scare all founder, all founder CEO's are going to avoid. Coming on your podcast now. No no no no. I I'm I'm delightful. But for this kid. Yeah he he's he's under investigation is worth nothing. Yeah. Your weakness. You worthless. No, he's under investigation. The things that disaster they're obviously riding on Elon's coattails. He couldn't make a decision if it was hydrogen powered cars or electric trucks or whatever and the companies in chaos and I I made a rule which is if a company has not released their product. And it's worth over a billion dollars. Be careful because it could be a fraud or it could be a disaster. That's my biggest flash in the pan. Nicola's biggest breakthrough freeberg you wanna start us off on this one? I have an idea. I think I know what you're gonna say. I'm gonna say alpha fold. You know that we talked about in the last podcast. I think Alpha Fold feels to me like what ARPANET was, which was the origins of the Internet, you know, back when it was first installed and no one really. Kind of grab grappled with the ramifications of what would emerge. And I think, you know, once we have the ability to design proteins to do things, a lot's going to change in the world of medicine and human health and longevity and the kind of environment, and it's going to be pretty powerful. So I'm excited about alpha fold creating a foundation for, for humanity's ability to do those things. Chamath what do you got 100% alfold by? There's not a close second, to be honest. OK, sacks. Well, I as a as a close second, I guess I would I, I would mention the M RNA vaccines which we talked about on the show, the ability to basically print a vaccine in two days and hopefully they will follow our advice about challenge vaccines. So the next time we have one of these pandemics, challenge trials, challenge trials, we can we can respond much more quickly and then just quickly in politics. I thought the biggest breakthrough was Pete Buttigieg. He made the unlikely leap from Mayor of South Bend IN to being the first credible openly gay candidate for president. He won Iowa, sort of, along with Bernie Sanders. And was a very close second in New Hampshire. He's going to be the the, he's going to be director of the Transportation Department and the Biden administration. My biggest. I want to just point something out on your, sorry Jacob, but you know the M RNA vaccine technology has been around for like 15 years and regulatory barriers and regulatory constraints have largely kept this stuff from coming to market. And it's interesting how, you know in a year where we have this pandemic emergency, we can take this technology. That has been around and has been available to us for so long and suddenly you know all the regulatory barriers get dropped and things come to market to change the world. I think it it's it's a great highlight of like what's possible when some regulatory constraints are are diminished a little bit and technology is really allowed to flourish and see the light of day and you know we all act so surprised that this technology works but it's been here for a while. It's pretty astounding that it hasn't worked or hasn't been allowed to work in the past in a previous episode observation I think yeah I think it's a really valid. And because it wasn't a breakthrough that occurred this year, the breakthrough was they broke through the regulations. You said you wanted to wait and see some people get the vaccines first. And then that led to some accounts on the Twitter saying are you still anti vaccination and I had to correct them, that you've never said you were anti vaccination. To be clear, you said you might want to wait. It's not at all. No, no. You want. You want. Yes. No, no. I think my point is I think. A lot of people are gonna latch on. I'm sorry. Let me just be really clear. I think a lot of people are gonna latch on to the small number of cases that are going to be amplified, of people having adverse reactions to this, you know, new technology vaccine in Alaska. The other day, like 2 days ago, there was a nurse who got the vaccine, and she had a really bad anaphylactic reaction to it. She had to be given epinephrine twice to survive. And she came out and she was fine. But it's that storytelling that's like, you know, they they they assume it should be. Some small percentage of people will have some reaction to this thing. But that is the storytelling that will keep people from doing this. And I think that is the biggest kind of concern. And that's why you've got guys like Mike Pence doing the the vaccine tomorrow. You know, he's gonna do it on live TV and celebrities like Ian McKellen doing it, they're trying to kind of create a wait, wait, are we gonna see Mike Pences naked shoulder and bicep on television? Well, mother. Because Mom doesn't want to see that. Not allowed his mother. His mother gonna be beside him. That's his wife, though. He calls, he calls his wife mother Mother's gonna give it to him. Because if a if a woman doctor gave it to him, he would be kind of like cheating because she stuck something in him, you know? And it's just not right. Uh, OK. I can't wait to take it. If anybody doesn't want their vaccine, I will take it because I'm losing my mind in quarantine. I mean for the love of God's smartest business move. Chamath. I think 2020 was the year of this back. I think that it is in it's it's just it's an incredibly it's done. It's it's done something really really really important in the capital markets so that can you give Chad his bestie award now? JKL, yes, his bestie award. Give it to him by himself himself. Would you like an accepted speech? This business move that would like to thank the smartest business move me. Zacks, what was your smartest business move or the smartest business move in business? Well, I'd like to thank Jamal for the spec thing too, because I was an open door and I was in porch and both of them are stacking this year. So I'm in desktop metal, I'm going to go, we have to agree for the best in business, you've, you've wet, you're wet, all of our beaks. So, yeah, I mean, I mean, actually if you think about it, I I've done 6 deals this year. Are we still talking about me or. OK. We have to play the music, you know, the walk on music on the Oscars. Yeah. No, no, no. Oh my God. Except second bestie. You've been nominated three times, but this is the only bestie he's won. I've really wanted to be in that reality show with you and. Ohh, beeping and beep beep. I mean talk about dodging a bullet. We went with this trailer to the top five studios. They all wanted it in the room, and NBC says we'll take it in the room. The the head of NBC says we'll take it. We tape the pilot and then beeps. Whole career life blows up. And thank the Lord that show didn't get on TV because. I would have been executive produced by Beep, and yeah, that would have been bad. So no reality TV for me. I had a I had another smart business move I just wanted to point out, which was Salesforce buying Slack. I think it's brilliant for them. I think they're gonna look back on the 10% they paid of their capital for Slack. And I think Slack will be more important than Salesforce ultimately in business. It's a huge, most important brand there. What a crown jewel. What a great, what a great move by Benioff and Brett Taylor and. I just think what a great asset total would be better for them than YouTube is for Google or Instagram is for. I think I think it's on that level actually. I think it's of that order of magnitude where the importance of those assets to those companies Slack will be the sales force cost cost 20 * 30 times as much though. So let's upside but less upside but but in terms of like lock in and value and you know the prevention of churn overtime I think it's going to be huge. I mean it could be at some point the company is slack. Salesforce like Slack will be the the preeminent brand there. David, did you go for this? For smartest business move, I agree. I agree with both the ones you've already done. OK, I'm gonna, I'm gonna, I'm gonna, I'm gonna rattle one off real quick. I got, I think people miss this, but at the bottom of the market, Silver Lake did this massive debt deal into Airbnb, which if you'll remember, is reminiscent to me of Warren Buffett, you know, giving $5 billion to Swiss Re and Goldman Sachs. And he earned a 12% coupon and got warrants in both those companies, and it just paid a tremendous return for him. Silver Lake swooped in to Airbnb in April, gave him a 12% debt deal for a billion dollars, and they got warrants that the warrants today. Are worth about $1.4 billion and and this debt is probably worth three times what they put in. So in like 5 months, six months, these guys have basically turned a billion dollars of debt into $4 billion of value. It was an incredible deal, incredibly gutsy. If you think about what we were all feeling in early April about the market and where the world was headed. We had no ******* clue for these guys to swoop in and do that. I thought was super impressive. But the other one I, I I had a couple on this because I just, I want to rattle these off. You don't want Bill Ackman bought a *******. SNP put sorry. Bought an SNP put for $27 million that he sold for $2.6 billion he bought. He bought credit default insurance on a whole strip of credit default insurance of debt. Yeah, yeah, but he turned a $27 million insurance instrument into 2.6 billion of returns for his fund and he still didn't sell his portfolio. In fact, he bought at the bottom, and I mean the, the, the, the foresight this guy had going into the down market ahead of March. He saw that the market was going to tank because of COVID. He made a bet on it. It was a tiny bit. For him, but man, to turn 27 million into 2.6 billion in like 60 days or 90 days, unbelievable. And and then he bought stock in his companies at the bottom. What a gutsy investor. And then I was there anything. Yeah. Was there anything Fugazi on that with where he had gone on CNBC and talked and he did this whole big, you know. No, no, he did. He did no longer. Yeah, he did it afterwards, but I think he's. I think he's great. I think he's great. Yeah, I think it was it was incredible. And my third one, which we don't talk about a lot is Larry Ellison. Bought a billion dollars of Tesla stock less than two years ago that is now worth over $10 billion. And he did it. He joined the board and you know, you put your money where your mouth is and you take ownership. And, you know, I don't know much about Larry, but there was a lot of naysayers about Tesla saying they were bubbly and overvalued at that time. And it was a really, he did it in the middle of the Tesla Q shorting movement. And now he can buy not just Lanai, but he could probably get Kawhi to go with it. By another island, anyway. Those were three gutsy bets that I thought were worth highlighting that that just really impressed me. And and you know, it's when the markets are down, when you're facing the abyss, when everyone else is telling you you're wrong and you make a big bet like that and it pays off. That's the kind of stuff that I think returns are made from and character is built and those are, those are just really impressive moves for me that that stood out. So there's, there's a lot of impressive moves this year. The tide went out and came back in real quick. So there were some dumb business moves as well. Sacks, you got a dumb business move that was a highlight for 2020. The city of San Francisco biting the hand that feeds it. For years, these politicians have been ******** on the tech community, acting like the tech community was somehow a parasite on San Francisco. Well, you know, now because of COVID. Congratulations, the tech community has the option to leave. You have a lot of people leaving, and there are gigantic budget deficits for the city. The schools have giant. Budget deficits. It's not clear how they're going to close these things, and it's looking more and more like it wasn't tech that was a parasite, it was the politicians who are the parasites, and nobody knows how to fix the city of San Francisco anymore. Yeah. OK, uh, dumbest business move, chamath. I think it was one. I think it was probably for me, the Governor of California's handling of COVID. Well, I guess that's more political than business, but, well, no, I mean it did impact businesses. So I think you're you're, I think that'll allow it. I'll allow it. I think that I think that what he showed was how naked partisanship was and decision making that that should have been based on science and fact and the quality of the decision making just eroded every single decision that he made. And then now, you know, as as David said, it's kind of like you have this just just, you know. You have this moment where it's like, you know, the justice kick moment where he's eating at French laundry and the day after he's basically shutting the whole world down again. It's it's very frustrating. So. So I think that you also is shutting down beaches, right? And then, you know, the stay at home orders and not letting people leave their house and go to a beach or eat outdoors. All that does is send them inside. They're going to have a party inside their house. But there is a great tweet, stupid, there's a great tweet that said, you know, I'm not allowed to. Go to the store. I'm not allowed to go to the shopping center, but I'm gonna take my child on a walk, and if anybody stops me, I'm just gonna tell them I'm taking her to the nail salon. And the reason is because you couldn't walk to the park, but you could. You could go to the nail salon. And so, you know, this tweet was just reminiscent of just how arbitrary and random this stuff was, and it had just so many downstream impacts. So I think that was a huge fail, and nobody loves hypocrisy. I picked my smartest business move with Salesforce buying slack. Conversely, I'm picking my dumbest business move with slacks. Word selling slack. This is the stupidest thing I've ever seen. I understand they felt like maybe it was a great deal, but I would have much rather them see seeing them do what I have, to be honest, really, to be honest with you. I mean, I left the board and I just don't know why. I wish I could have gotten the call because I would have bought it. Yeah, I agree with you. I think network effects are incredibly unique assets. They're very, very rare. I think we've all been around them. We've worked in them. David has, David, the other David has, I have. Jason, you have. It is the single most incredible momentum, momentum driver and you know sort of tailwind and when it exists you just never give it up. And so I agree with you, I would have bought Slack if I could have, if they would have given me a shot. We ride our winners and you appreciate network effects. If you look at what Jeff Lawson did at Twilio, he started with much less. I think he started with nothing started with Twilio. By Sendgrid and segment, their market cap has gone 12. It was it's 12X market cap. They went from $29.00 a share to $365 a year and three years they're at 60 billion. Slack should have been buying other companies with their equity and they and they should have built and rolled U all of the other hub spots or whatever else is out there that they think fortifies Zendesk, whatever. I'm not sure that the M and a strategy was the hard part. I just think that when you're in the bowels of these companies as we all know it's super hard, right. So I mean I don't think you can fail Stewart and the team, but I think that. Somewhere along the way, just the realization of how special and unique that network effect was didn't happen because it would have given a different team a level of energy or comfort to kind of really go for the brass ring, as you said. And but, you know, hopefully they'll be able to execute it at Salesforce. OK. Did I get everybody's dumbest business move? My dumbest business move was myself. I will take a I will take the time award for being a schmuck is preparing for me, me, and anyone else that ******* hedged or shorted the market or sold. During the dip in March, I learned the most valuable lesson I've learned in my investing career to date. You just want to invest in whole chairs and great businesses and not try and tie markets, because that's always a loser's game and a fools errand. And I think, you know, worrying about the market going down or up as long as you hold shares in. Great. Businesses. It doesn't matter. Trading is not for me. It was stupid and I just feel like a lot of people learned that lesson this year. I've heard a lot of people that kind of freaked out and got out of the market and then they regretted it and tried to get back in. It was too late and yadda yadda. I I read a document that someone wrote. For me and she wrote this incredible quote that I had never heard from Buffett and I'll give it to you Friedberg because it's it's very apropos of this. Buffett had this statement which is that you know it's not about timing the market it is about time in market and I just think that's so that's so beautiful because it's so simple but it's basically summarizes exactly what you said which is get in close your eyes and if you again unless for liquidity. You just don't ever sell. Yeah, it's a fools errand to try to time the market, sit on your hands, ride your winners. And and he always said, listen, if a business is on, if I own this business and I love it and it's at a discount, I should want to own more of it. I believe that was another Buffett. I don't know the exact quote. Let's go to smart political move and we'll go to our token Republican, David Sacks, for that well. Well, it's it's it's it's yeah. It's funny you identify me that way because my my smart, smartest political move goes to Congressman Jim Clyburn, Democrat of South Carolina, for endorsing Joe Biden. Just before the South Carolina primary, a number of people on the Biden campaign were panicking. They wanted him to do it early because Biden had bombed and Iowa and New Hampshire and Clyborn kept his powder dry and endorsed Biden at the absolute perfect time. It caused Biden to win. North Carolina. And that led him to sweep on Super Tuesday. Jim Clyburn was the kingmaker of 2020. Without him, Joe Biden would not be president. Wow. OK who you got? Freeberg smartest political move of 2020 was Joe Biden staying quiet, hanging out in his bunker and letting Trump do his own damage. And of story. I feel like, I feel like if you know that Biden knew that it wasn't his election to win, it was Trump's election to lose. And I think he let him go out and lose it. And and that, to me, was. Smart advice and smart action, you know? So he just checked and he just he just he just slow played aces. He hit a set he just checked and he watched him fire. Who do you got? Chamath smart political move. Smartest political move, which you will not see until 2022 or 23, but laid the groundwork this year and I thought it was brilliantly done. Was Nikki Haley, who I think will be the Republican nominee for president in 2024. And she. Did an unbelievable job of tricking Trump to believe that he was her supporter, then getting distribution and then basically subtly telling everybody that she thought that he was an idiot. And I thought that she was brilliant in so she didn't look like a rat leaving the ship. She looked like, you know, a rebel or something getting off, I think. I think if you want to find. Somebody to consolidate center right politics in 2024. My money would be on Nikki Haley. All right. I went with the smartest political move. I also went for the long game. Pete Buttigieg going on Fox recently. I think he did. Obviously a masterful job. You had that sax earlier, but he started going on Fox and basically being really spicy with them and supporting the hell out of Biden. And then he gets himself this secretary of transportation. And I think he's set up to either be the VP or the presidential candidate in the future, and he's, I think he's going to be one of the bright stars. I also would I think Andrew Yang did. Nothing happened for him this year, really. I don't know. But I felt like he also is my understanding is he's going to run for mayor of New York. That was another amazing political winner in all of this. I don't know if anybody has feelings on either of those. I love, I love Andrew Yang. I think he's fabulous. He's coming on the pod, pragmatic. Pragmatic, centrist, smart, capable, competent, good listener. He attracts it. He attracts a plurality of people. Yeah, template. And I think he's spoken out against cancel culture. And so, you know, whenever I see somebody in the left speaking out against cancel culture and censorship like the way chamath has, that definitely, to me elevates them in my book. Are you saying to Martha, someone from the left? Well, it's amazing how much we agree on, you know? Well, I mean, I think that there's, you have this left and right definitions which have become very hard to understand. And I think what we have to get back to is the American principled idea of freedoms and opportunity, right. And and and and I don't think either of the parties actually were representing that properly. Dumbest political move of the year. I think I know where everybody's going to go with this, but I would like Rudy Giuliani, Rudy Giuliani's press conference at the sex shop. I mean, just, I mean, how amateurish. Is that group of people The Four Seasons gardening we're going to be at the 4th was they were they trolling us and trying to get pressed for it. I don't understand that one. Unbelievable. So Rudy Giuliani for the dumbest political move. Sax what do you got. I have a feeling I know what Sax got well I got I got a tie here between one was defund the police you know as a political slogan the whole country you know the BLM movement had the whole country on its side after the you know the the the George Floyd. Video came out. Everybody was in favor of sensible reforms to control the use of force by the police. And then they they introduced the slogan of defund the police and it scared voters across the country into voting for Republicans in Congress. And it probably cost Joe Biden not the presidency, but Congress and the my my tie. The other half of that was Donald Trump refusing to wear a mask or to endorse mask. He finally did it, but it was two or three months too late. If he had just gotten on board with mass, it would have been a very easy thing to do politically, personally, that could have made the the margin of difference. He might still be president if he had gotten on board with mass about three months earlier. Freeberg, what was your dumbest? I actually, yeah, I I put making masks political more broadly, both the left and the right, pointing fingers about masks. I mean, this is like a human life issue and, you know. Kind of shaming the Republicans for not wearing masks and making it about we're the right guys, you're the wrong guys. Everyone should have avoided pointing fingers and avoided not doing it because the other side was doing it and it should have never, ever been allowed to become political. It was pure science. It was about saving lives. And I think both sides are to blame for, you know, the Democrats tried to make the Republicans look bad because they were advocating for masks, and they shouldn't have done that. And the Republicans should not have tried to avoid wearing masks because the Democrats are telling them to wear masks. And it was just. A total cluster. Really sad and you know, could have made a big difference for thousands of lives. I too put Trump not advocating for masks as my dumbest political move. I believe he nailed the stimulus, that first stimulus where he just dropped the $1200 checks and the PPP and everything. He obviously nailed, you know, the operation Lightspeed and the vaccines. You didn't get credit for it. I don't know if that was political or not, that they dropped them the week, the weeks after the election. I think it was. I'm a little bit cynical about that, but my God, is there nobody that this man would listen to? They must have all been telling him in unison, hey ******* put the mask on, will win the election. The in July and August the numbers started to go down precipitously and everybody fouchy. Everybody with half a brain was saying second wave is coming, wear masks, and he refused to take that stance. And not only did that, he doubled down like the moron he is and started doing rallies. This person is such a complete idiot, grifter, and. Just. Imbecile that he couldn't see the clear path to victory and he was tempting fate. And of course he winds up getting COVID. I mean, the idiocracy of the moment is just so profound. He absolutely would have sailed into that second term. We were sitting here on this very podcast, and we all believed he was going to sell into the second term when the market started ripping back and the COVID numbers went down. And because of the stupidity of not wearing masks, thank God we got him out. But to the families who lost loved ones, he's a murderer. We're moving on best political theater. Besides what? Healing Trump inhaling COVID into his body and then taking the polyclonal antibodies to heal himself and show the American population that it's just not that bad. It was the best stunt, the best act, the best theater I've seen. And, you know, I I don't know what what the hell else could have beaten it this year. I mean, the guy literally, literally, when he could barely buckled himself in, you know, buttoned up his jacket, he stared out the lights in his face. He was glowing. He had the antibodies rushing through his body. He was healing his body. He was on speed, man. Come on. Yeah, I thought. I thought the best. I thought the best political theater was when the Democratic leadership did like the Colin Kaepernick one knee in Kinte cloth at the in the Rotunda Congress. Can somebody Nick you just throw the picture that up there? I mean, I mean half of them are salf of them are so old they couldn't get down on one, picked them back up. They all hit their life alert. They got the life alert. I've fallen and I can't get up like 20 life alerts have never gone off in the same room. But the but the Kente clothes were just so over the top. Like you didn't need the kid take clothes. They really weren't kidding. Ohh my Lord, OHS. My best political theater in a truck crying. I'm laughing. So my best critical theater. Is I I don't know who this congresswoman is, but I am falling in love with her. Her name is Katie Porter. She takes out a whiteboard. She just, she's fabulous. No, she's so great. She owns people with that white board. It's the greatest. She basically does math and people are just, I mean, she's done this now two or three times where she just takes people down and she did it to Mnuchin like she was like, is today Tuesday and he's like, you know, today's Tuesday. She's like, can you tell me if today's and she just destroys people like, I I just never seen anything like it. And she's awesome. So best political theatre for me. I don't know, David, did we get yours? Well, yeah. I mean, so I thought the, the, the French laundry photos, you know, all these politicians violating their own lockdown policies was some with some pretty good theater. Yeah. Yeah, you had, you know, you had you had Gavin Newsom and and London Bree Dining at French laundry. You had Nancy Pelosi going to that hair salon. Any Republicans do something like that? Well? I I would I would tell you if I knew of any but the Republican allies, the Republicans, but the Republicans haven't been supporting lockdowns. So you know, look, if there was a Republican who was supporting the Rose Garden Supreme Court where they had a super spreader event at the White House, but they weren't but but that wasn't political theater because they weren't violating their own policies. They were saying that people could take the risk. Got it. OK, I'm I'm I'm picking these politicians because because they're. Yeah. It's the it's the hypocrisy. The one I love, the best, out of all the hypocritical politicians, was the one who was like, please state it was the governor of some place, Colorado or something, and he's like, please stay home with your family, do not travel for Thanksgiving. It's going to be too dangerous. And then they find out he did that tweet. While at a SW gate going with his family to Thanksgiving and they literally have pictures of him on his phone and the picture was timed at the timestamp of the tweet. If I have my understanding correct, I forgot the guy's name. But there were so many of these. Well, let me give you another one. There was LA. The LA County Supervisor, Sheila cool, cast the deciding vote to shut down outdoor dining in Los Angeles, only to be photographed eating it all fornaio in Santa Monica 2 hours later. So it's just completely hypocritical. And, you know, This is why there could be a big recall next year in California. I think we have to put political theater as one category of just loathsome political theater because we're going on to worse political theater and the stuff we've seen has been pretty horrific. I'm going to lead us off with my worst political theater, which was the banning of Tik T.O.K. Was absolutely the right thing to do. And then they just handed it off as like a gift to Oracle to make money and maybe be their server farm. I don't understand. We were supposed to ban it and get it the **** out of the App Store, and that was just terrible political theater. Anybody else got more political theater that will put in our low some political theater? Well, you, Jason, just so you understand that I'm being politically even handed. This is where I had Rudy Giuliani and his tour of self immolation. From. Melt he did melt right from from the press conference in front of the crematorium to the that the the hair dye melt down to the. For that video, we need to hold on, hold on. I'm gonna make, I'm gonna call an audible. I'm calling an audible here. We're gonna have a new category to getting COVID worst. Rudy Giuliani moment. Can we have a Gilliam award? Can we have the Giuliani award next year? Yeah, Giuliani was the destructive yeah. Relation word. What is the worst thing? The worst Giuliani moment. Oh, I think, I think the saddest moment was the in the Borat thing. That was sad because you just felt, you just felt like, this is an old broken man. Yeah, it was creepy and it was just sad. He was like desperate and he was creepy and it was. But the lifetime award, the worst though, was was actually, if you listened to the testimony when he farted, it was really, it was really terrible. Actually. If you listen to the testimony, you're just like, what is this guy saying? It's out of control. Well, they also, I think we have to cut into here the poor woman sitting next to him who's clearly in range. I mean, she's in the blast zone. He rips it. He rips it and. She looks him. She gives him side eye, but she is so. Like scared to react to such an obvious carpet bombing that she just keeps a straight face, but her eyes go boom. That was unforgivable. Must have been a stinker. I mean, it was loud, it had resonance. It was yeah, can I, can I, can I give one? Can I give one other example? And I don't know whether this is best or worst theater, but but the the, the, the congressional hearings with the tech CEO's where the senators grilled all of the tech CEO's and it was definitely, it was definitely political theater. But on the other hand, they all deserved it and there's going to be more of it next year. OK, let's do I put that, I put that one as my worst political theater because I thought what was so depressing about it was how little the Congressional, the, the Congress people actually understood of these businesses. And they went off on rants and tirades about, you know, you're blocking Republican voice on Twitter and you're doing this and none of it actually focused on, you know, the, the monopolistic practices that was the intention of the hearing in the first place. When they actually got into those points, when they tried to talk about how the ad networks work and how targeting works, they didn't have any clue it was really inside. These companies don't even know how it worked and they built it. I mean these things. No, I'll tell you like I I just, I just think it's really sad that that that folks in Congress honestly are are so disconnected from understanding technology and understanding, you know, modern business practices. And they can't actually, you know, tackle the real issues and neither does the squad. I mean, AOC didn't understand what a tax break. Because, I mean so, yeah, even the young ones don't understand stuff. I mean, we just we're getting the worst possible representation. OK, now we're gonna go to lightning round with our final two categories. Best meme? For me, it was the funeral dancers, followed up by Michael Jordan. I took that personally, and I, of course, loved charmatz. Mix up that one of you maniac. All in Army members made. Who do you got for who got best memes? And you got a best meme? Tubin. Ohba Tuban forever. That's it. Forever. A cautionary tale about what not to do on a zoom call. Yes, yes, that would be OK arguably in political theater, let's say no. Anybody else got a meme, best or worst? I like the funeral dancers, but you're not. That's a pretty great yeah, David, anything for you. I just want to say to everybody that's listening, I really hope that you guys have an incredible holiday and. We can put this year behind us and I hope for all of you guys that have gone through hard times, just know that, you know, hopefully you got some friends to talk to and family to see and talk to and we love you and we really appreciate that you take the time to listen. And guys, I just want to say to you guys, I love you guys with all my heart, thank you for helping me get through a very difficult year. Back at you. And I was very touched by the birthday present you sent me last week. That was just. Oh, you wanna tell them what you got? You wanna tell me what you got, big boy? I mean, listen, I don't wanna chamath I I get a big crate at the house. It was. I was born in 1970 and he got some of the best wines from 1970 and put them in a box. And, you know, I I literally had to put them on a shelf and say do not drink these. These things cost as much as the Teslas in the driveways. I mean, some of these bottles are ridiculous, and I hope to crack them all open with you guys at the house in happy, honestly, happy happy 50th birthday, big boy. It's a big, big Muslim. Well, you know, it was, it was a little bittersweet, obviously. You know, I was going to have some kind of party or anything like that. And then what? It particularly hard and challenging was the birthday was on Saturday and my friend Tony Shea died on Friday. On that day and I had been dealing with Tony Shea being in a coma for the five for the No. For 10 days before that, and then I found out that that afternoon that they tragically had to pull the plug, or I assume that's what happened. I shouldn't say that out of I don't speak out of turn, but this has been a ****** year and I really hope that anybody out there who is suffering from mental illness or struggling in any way call a friend. And I think the reason this podcast has resonated with so many people, and I hear this from people when they listen to the pod. Is our friendship. And they and they they they hear us talk and they hear us laugh and they hear us joke. And the value of friendship and the love and the joy and people just can't believe when Chamat says and and men say to each other they love each other and they can't believe that sacks almost is able to say it. And they and there's people think by episode 25 sacks will be able to say back to us. But we'll try right now we'll see if we can close 202021 we're all going to say. I love you, David Sacks. And then let's just see if this can work. I love you, David Sacks. I love you, David Sacks. Back at you. We'll take it. We'll take it. We'll take it. I love you. Love you guys. Happy holidays. Love you guys. See you guys in New Years. Yeah. See you in the new year. Bye. Bye. Besties.