About a year maybe 18 months ago, I saw Chamath on CNBC a few times speaking truth to the establishment. He had a few concentrated bets on interesting businesses. His viewpoint was refreshing. I really liked him.
At some point, it went straight to his head. Bigger god complex than Kanye. He thinks he can be governor, cut taxes to 0 on a state whose state university system has been its biggest comp. advantage, and just give “free”climate jobs for companies he’s conveniently invested in
He’s got a spac every 3 weeks. Do you know what Spac founders shares do for spac investors? Do you read the fine print? Or do you just see a flashy private company and his name and decide to get into companies at a 20% markup of their acquired price
Now solely for clout, hes jumping on GameStop. You think $100k-$200k of calls to that guy is to make money? A value brick+mortar company who’s inventory is available digitally? He likes that business? The outcome of the investment is irrelevant. He already got what he paid for
Disappointed. Another online dude who made a few bucks by luck or skill or a combination and thinks they can rule the universe
You can follow @dweis108.
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