"“I want the fucking money,” he told students at Stanford’s business school, in 2017. “I will play the goddam game, and I will win.” -Chamath Palihapitiya
SPACS Lord Chamath is portrayed in the first June issue of The New Yorker.
Of hedge-fund managers: “Let them get wiped out. Who cares? They don’t get to summer in the Hamptons? Who cares?” (He made both proclamations after he had become a venture capitalist and started a hedge fund; he has yachted off the Italian coast.)
"In 2019, when he was trying to persuade investors to support his first spac—for the space-tourism company Virgin Galactic—he met in New York with a group of mutual-fund managers and gave a dazzling speech about helping mankind reach for the heavens. It went unmentioned that Virgin Galactic had burned through nearly a billion dollars, and that in its fifteen-year history it had missed every major deadline that it had set for itself. Instead, Palihapitiya proclaimed that the company would likely earn enormous profits—and change the world." -The New Yorker
What else is there to say ? That this Joker slides on slime ?
“Having a great story, and knowing how to tell it, can be a quick way to get rich. “
The New Yorker
And now a quote from me:
People are stupid. You can always bet on people’s stupidity.
Don’t blame Chamath that he possibly is worth more than Michael Milken (whose net worth is $3.7 Bn). Blame yourselves and your own stupidity. At least Michael Milken is a genius. Chamath is the Joker of Silicon Valley.