LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland

I just got a haircut with a with a new person she was like I'm like do what you want this is what she did okay well let me know who she is jamat and I will'll go beat her up and get them get your money back did she feather your bangs and blow your hair up she did she gave you a blow didn't she it's starting already okay no but that's a blow dryer just yes right she blow dry your hair at the end she gave me a little yeah that's not sustainable so you can't tell what the quality of the haircuts like because you're never going to do that again you don't have the skill I've never blowdried my hair in my life no I understand that then this is why because if you get the blow and it looks good in the blow just say blowout please just say blowout the forward why what are we six just grow up you the way you're saying it you're saying it to provoke a reaction come on no I'm not such a liar I love it tell us about what your rules for blows are what I'm saying is if you get a haircut and and you get a blow it's very hard for you to know no but I'm serious it's very hard for you to know what it's going to look like the next day when you take a shower and when you don't you know blow it it's true oh you're saying the self blow can't match the stylus blow it's just important when you get a haircut with a new stylist or a hairdresser or a barer yes you cannot let them blow you he's not happy with the ending got it it was an unhappy ending because when you blow yourself shth which people have accused you of blowing yourself on this very program when you blow yourself it's not going to come out the way it did it won't be as fabulous every time I've blown myself it's been perfect let your winners ride Rainman David and instead we open source it to the fans and they've just gone [Music] crazy all right everybody welcome back to the all in podcast I'm your host jpow from Japan here JP cutting turns in the Seco and at Ean I and we have an incredible lineup today as always the chairman dictator chamath is here to reign supreme how are you doing brother good how are you what are you wearing exactly I'm just wearing my kimono as I want to do uh here on the all-in podcast why are you speaking in Elizabethan English I just decided in 2025 I'm going to live my best life and I'm going to do everything anybody ask me to do something I'm saying yes oh I'm I'm GNA ask you a bunch of stuff next weekend then I got so many ideas I got a list I'm gonna ask you to do all sorts of it's epic I'm doing it yeah okay so uh it's a and uh yeah I'm I'm over the moon right now and then I'll be going to the inauguration to see all my friends and celebrate the big Trump Victory and tape an episode there with us of course David freeberg your resident sulan of Science and not a moment too soon we have so much to talk about what's the background here those are some dead trees with ma Fuji in the background yeah that's a c basically Jason cissa landscape while you've been um gallivanting and being a diletant your original adopted home state is burning to the ground ah yes I know about this I got off the ski lift and I saw this after I had posted like oh my life is amazing and I was like oh my God you know you can totally and everybody replied like are you the and I'm like oh my Lord this is unbelievable we'll obviously talk about that so then you promoted the Tweet yes I put $500 behind it to boost to try to get my ratings up no I actually literally deleted it because I I posted a and I never do that but I posted a video where I was like oh my God it's incredible and I was like you know what this is the wrong time for it so a little Grace there folks and I am so happy to have here on Allin Idol the one the only my good friend cyan banister no our good friend she's my good friend before you guys met her so sure she's ours but I've been friends with her longer so my good friend Sayan B and our good friend and our bestie let's just leave it at that it doesn't have to be a competition for who Sayan likes best we'll ask her to rate at the end of the episode say welcome to the program yeah thanks for having me I appreciate it it's nice to see everyone Jason you want to tell people about sence background yeah do an epic rant on cence Epic I mean c and I fought in the Clone worse together it was a long time ago but uh she's a technologist self-made individual who then decided she would start writing small Angel checks about 14 years ago literally the same year I did and uh myself cyan profoundly better than you let's just be she's not incredible yes of course well we'll get into it and uh cyan and I would uh 14 years ago I guess we would meet startup companies together and host little events where we get together and and take pitches and we invested in a couple companies together and it worked out very nicely for everyone involved so yeah we're in a couple of companies together yeah density density we were on the board together for a little bit so that was fun a little bit Yeah Yeah Thumbtack Thumbtack actually Thumbtack density and Uber I all discovered through you what's which one was Uber I got to check my oh I don't think I don't think let me check my Google sheet here I didn't know I invested in Uber let me check I have to confirm that oh yeah I did I but I uh at one of these events I introduce Sayan to Uber that's true right so found all three of those deals at your event so that was really great oh yeah well thanks that's a that's a very nice let me try cyan is a prolific angel investor correct I just said that she was a part of Founders fund oh right yeah she runs a seed fund called long journey Ventures okay some of her hits include SpaceX andil density Postmates Niantic which is the makers of Pokemon go and Jason's favorite startup Uber yeah it's been a good run it's been a good run and also I'll just add a wonderful human being and if you ever had the chance to hang out and talk for a couple of hours cyan would be one of those people that you put right at the top of the list I will Pro I will promote sayan's interview with Tim Ferris a couple weeks ago I randomly turned it on I was in the car driving home and then I stopped in my driveway and kept listening I was just telling cyan like it was a fantastic what was it about two hours two and a half hour interview three well it was four hours he cut it to three and a half yeah and then I had to drive again I listened to the it's it and I was like excited to get back to it which never happens for me listening to long form interviews like that like it was phenomenal so I recommend it to everyone why did it hit you so deeply couple things one C is an incredible Storyteller like the the way she describes her experiences her history her life beautiful she talks in kind of I think a deep persuasive way about some of the things that have shaped her her uh business investing as well as kind of spirituality which she mentioned earlier which is not something that you'll typically and you're like wait where did this conversation just pivot to and then you go down this whole other path with her and you go on the journey with her I just thought it was great so all over the place it was great beautiful recommend it to everyone to get to know cyan oh thanks can I have you all is my professional cheerleading squad from now on this pretty awesome I don't like talking about myself and this is great I love it yeah well it's uh it's true Sayan was voted most humble in our Angel Investing group and I was a close second so I almost won most humble in group more work to do being humble I'm gonna get you a t-shirt called the humblest no no you have to borrow it from Cham he's got he's had it for the last 10 years seven or eight years ago Jason approached C and I and said hey guys Harvey WI has asked me to make a show yes true story it's true story here's how he asked me to do it in his room it was really it's a true story take it down and cyan myself and Jason went to some place in the city and we taped a taped episode I have it what is it called the first we taped the NBC pilot for the accelerator or the incubator so I had been approached and did a pilot for NBC called the acceler Ator and they spent like a half million dollars on this and you guys came on and it came out great and it was just going to you know follow me around ding it was very awkward because afterwards they approached cyan and I to do the show without when we without Jason and so we had to we had to decide who needs enemies we decided our friendship was more important exactly I don't know if I ever told you guys the story but like literally they were like figuring out where to put this and what time slot they were like we're going to do it in the summer sum because we're trying to get some summer programming going that's what we're going to test St and then Harvey Weinstein turns out to be an horrible monster and the whole thing gets canceled and anything that was anywhere within a hundred miles of Harvey wiing got canceled including my failed or forgotten reality TV show all right let's get to more important things there is an unbelievable tragedy occurring in Los Angeles H as we're speaking devastating wildfires basically a formed to ring around La the most destructive of which has been the Palisades fire and which has stretched into Malibu obviously and 15,000 Acres or so have been burned in that area thousands of homes maybe 2,000 homes here are some images they're just devastating and we have a lot of friends in this area and the area you're seeing on fire if you don't know the Topography of Los Angeles is north of Santa Monica you have Palisades and then Malibu and obviously east of the 405 you have things that you've heard of like Bair and Brentwood this area is part of a mountain area called the Santa Monica Mountains and they get very dry and there's a phenomenon which we'll get into called the Santa and winds that blow really really strongly and a perfect storm has happened where thousands of homes and tragically five lives and I'm sure there'll be more unfortunately have burn down this video of driving down PCH if you've ever driven PCH the Pacific Coast Highway these are 10 20 $50 million homes that are literally on the Pacific Ocean the most coveted homes in Los Angeles are not belir and brenwood you might think that because you hear them on TV but really if you were an incredibly successful person you would aspire to live in the Pacific Palisades just west of bretwood and just south of Malibu or Malibu many celebrities live there many Executives Etc and these homes are gone thousands and thousands of homes it's this is turned into the ultimate rosock test on social media where people are projecting into this tragedy which tragically occurs every year to varying degrees and maybe every 20 30 years it's an acute situation we'll get into that in a moment but looking at this absolute just devast stating loss of property and lives the lives could have been a lot worse freeberg from a scientific perspective maybe we'll start there when you look at these wildfires extreme weather global warming and you look at this situation is that where your mind goes or in this raw shck test of how you feel about these kind of tragedies and how you interpret it do you go somewhere else the incompetence of California's government Dei Ukraine I mean everybody body is superimposing on this natural disaster whatever their pet issues are where do you come to when you look at this I don't think that those are exclusive okay I think that you can have had both incompetent planning and execution by leadership as well as have kind of uncontrollable circumstances that management and planning weren't necessarily going to solve and I I'll kind of talk about a couple of these points real quick first of all like we talked about when the hurricane hit a couple of months ago remember and as you guys know I have an office or facility out in Nashville so we were exposed to the flooding circumstances and we talked about the the frequency of of that sort of an event having been such a rare occurrence becoming more common similarly we're seeing more frequent high high wind events in California flooding events in California and hot events in California if you look at this link I sent out Nick in terms of the total precipitation over this current what's called rain season the Southern California region is basically at a you know call it 0% of normal so this is Southern California you can see that third column that's the percent of normal rainfall that has been experienced there's been zero rain in these regions so everything is primed to be very dry and then you get the Santa Ana winds 100 mph winds no matter matter how much underbrush you clear out no matter how many trees you remove if there's some Embers in the air there's a 100 mph wind that is going to create a fire hurricane and a lot of homes are going to get caught on fire so it's very hard to kind of just pin the blame solely on not doing underbrush clearing not doing removal of trees those should have happened they didn't happen that was wrong that was bad policy but it doesn't excuse the fact that there's a natural event that happened here that seems to be occurring with greater frequency the I'll kind of pivot to if we want to get there now maybe we'll talk about that in a minute is kind of the economic and the policy issues with respect to the Department of Insurance because okay let's get to that after we go through maybe a little bit of the quick reactions here I think that's where that's where there's going to be real pain and Devastation and that's the biggest economic consequence is the role that insurance has played in all this stuff which we'll get to in a minute yeah okay so chamath I think table Stakes we all agree global warming extreme weather depending on what degree you believe in it there plays some Factor here and this is something that has reoccurred over and over again in this specific re region but on social media we're seeing a lot of other interpretations of this event maybe your thoughts on some of the other interpretations and then where when you look at it what do you start to think about preventing this in the future or maybe who's responsible what's your general take on what we've seen the last week I mean I'm not very sympathetic to the there were 100 m hour winds not because it's not true but there's been enough modeling that we know that these kinds of outlier weather events are happening in greater and greater frequency Nick maybe you can find this and just put it up here but remember that crazy apocalyptic video of that exact same part of Southern California in 2018 burning to the ground can we just look at that all of us collectively because that was six years ago this is not like it was a distant memory from a hundred years ago we knew in 2018 that these Thea pass so this this idea that we were just Lolly gagging around and got caught off guard by 100 mph winds to me is completely not an acceptable answer we knew in 2018 that these things could happen we knew across the rest of the United States that these outlier weather events were happening in greater and greater frequenc if you weren't sure you saw most of the insurance companies try to dump Southern California homes fire coverage three months before this event happened so all this data was in the realm of the knowable and then when you doubleclick and you get into a little bit more of the details there's a level of incompetence bordering on criminal negligence here that we need to get to the bottom of so I'll just give you a couple of facts in the 19 50s the average amount of Timber so wood that was harvested in California was around 6 billion board feet per year in the intervening 70 years that shrank to about 1.5 billion board feet and so you'd say okay well that's a 75% reduction we must be making a very explicit stance on conservation it turns out that that's not entirely true because what it left behind was near nearly 163 million dead trees dead like gone and so you would say well those things should have been removed and the problem is that then there's this California Environmental Quality act squa hopefully I'm pronouncing this right and a whole bunch of these other regulatory policies that limited the ability of local governments and fire management to clear these dead trees and vegetation and I think that that's a really big deal and when you double click on that here's where you find the real head scratcher okay multiple bills AB 2330 ab1 1951 AB 2639 all rejected by the Democrat controlled legislator or worse vetoed by Governor Nome that would have Exempted these Wildfire prevention projects from squa and other pering issues then there were other bills to try to minimize the risk of fires by burying power lines underground SP 103 as an example went nowhere didn't even get to the governor's desk so I'm just a little bit at a loss to explain these two bodies of data one is everybody can see that these events are happening Southern California lived through this exact type of moment just six years ago all the bills that are meant to prevent this are blocked or veto this is the ultimate expression of negligence and incompetence okay cyan you've uh heard uh jamath and freeberg take here some amount of incompetence some amount of hey this keeps occurring and there might be some global warming that is contributing to it what do you take away sure from the situation I agreee with freedberg in moth you know it's it's a it's a lot of everything but I also think think that to add to the prevention part you know other than clearing out underbrush and and trees and things like that you know we we don't build things in the state of California in a way that houses should be built when you know that there are fires like this so for example we have more wooden roofs than we really should have we should really evaluate our materials that we're building things out of but we also have you know down in elag gundo you know this is a company that I invested in Rain Maker we have the ability now to Cloud seed and do preventative measures to actually make a region have more water and I don't understand why we're not looking into things like this that could have prevented you know we knew that this storm was coming we knew that these winds were coming you know Southern California shut power down I have a farm down there we still don't have power because they knew that most of these fires are started by pg& or down power lines and so they proactively shut everybody down and we're still running on generators and if you notice there's no fires down there but they also have 100 m hour winds yeah and you're not seeing it and there's plenty of mountain ranges and dryness there you know avocado Farms are basically just sitting fuel so I do think it's a combination of all of those things and competence is definitely one of them yeah and I I actually lived right next door to this area for a long time in Brentwood and to your point about roofs it seemed silly and a lot of these can seem silly when you first mention them which Trump looked let's face it the way he says things sometimes is very colorful and when he said listen you're not raking like people in wherever he said it Scandinavia Finland are raking the forest and he was absolutely 100% correct on that maybe it sounded bombastic or silly when the way he said it but the truth is in uh Tahoe where we just were over the holidays people are clearing underbrush when I lived in Los Angeles people lived in the Hollywood Hills would get a fine if they didn't clear it but there are mountain ranges that nobody owns and when you showed that Suppa to pass that's the 405 going past the Getty Center that area has got to be cleaned by the the city and the government and maybe they weren't doing it as much look at this this is apocalyptic yeah so I I know this passed very well because I would drive through it J what what did California learn from this what did gav Nome Implement based on what happened here what did the city of Los Angeles based on what happened here I want to just specifically know the answer to those two questions yeah and I think that's going to be a big part of this breakdown after this happens because in a lot of these cases you might lose a home or two but you haven't had this kind of wholesale destruction in a while and uh when I lived in brenwood I had a shake roof that's a fancy way of saying uh shingles wood shingles and they would bake in the Sun and I love this roof but my neighbors who in brenwood were all 70 80 years old and I was right on Sunset Boulevard and I could look up from my house and see the place you just showed which is the Getty Center and the and the Sova pass on the 405 and the um and Sunset Boulevard I was only allowed cyan to replace 30% of my roof at a time you couldn't replace it and put shake roofs on you could only like maintain it because in 1961 there was the B A and Brentwood fires and these fires you want to talk about like in in in memory chath this one jaaja Gabor and tons of celebrities lost their homes as well this one was started because of this Santa Anna winds and somebody was just burning a rubbish pile I think it was some construction workers were burning that they said to me the neighbors do you know about the B air fire you know about the Brentwood fire you got to get rid of that shake roof you got to get rid of that shake roof when my daughter was born the the uh roofer said to me let's put composits on I put composits on and he said what do you want to do with the sprinkler system and I said there's a sprinkler system in my little one story wrench house he said yeah I said I've never seen it and he showed it to me it was on the roof people were so scared after that 62 fire they were putting these on the roof and now you cannot have would roofs have been banned you were grandfathered in I was part of that but there was a lot of PTSD from that and now I do think there's going to have to be some lessons learned and let's get to where some folks online are pointing to maybe not having great priorities and maybe focusing on things that are not as important as the taxpaying citizens a lot of tweets I don't know how people feel about them about Dei about who's running the fire department Etc did you have any thoughts on that freedberg I'll I mean look we we one of the things I wanted to talk about was the doi's role the Department of Insurance role in what I think will ultimately be creating a pretty significant economic consequence here from this sort of an event I don't but I'll I'll answer your question okay I don't think that the mission of any public service organiz ation should be to meet Dei metrics I think the mission of that public service organization should be to serve the public and I think that those Dei metrics should not be a priority when serving the public is the objective the best ability to serve the public should be the objective and that's it and I'll state that really clearly okay so obviously the the fire chief and La is getting a lot of attention whether or not that prioritization of Dei metrics took away from the interest and the focus in preparing for major disasters I don't know there have been some interviews over the last day or two just to be fair where she has claimed that they asked for more money to to they would not be able to be prepared for major disasters if the budget cut took place that was proposed by bass that budget cut did take place and so the the fire chief has said that she asked for Budget to make this the preparation for this ORD of event and she lost it and so I don't want to just say hey she's to blame she's to blame because she was focused on Dei but I will separately say that I think that creating Dei as a mission for an organization that's supposed to serve the public interest makes no sense this is an important one James Woods obviously the uh the famous actor who lost his home in Pacific Palisades has been going on a bit of a rant about Christine Crowley she is LA's fire chief she also happens to be a lesbian and has made a priority and and done a number of talks on trying to increase diversity inside of the fire department she also just with a bit of research is one of the top performing firefighters a paramedic an engineer a fire inspector a captain a battalion chief an assistant chief Fire Marshal Deputy Chief and when she took the firefighter exam in the late 90s she scored in the top 50 out of 16,000 she seems eminently qualified there has been a massive pile on Attack on her and you know how it is on x and other social networks where people are really tweaked about Dei that they're kind of putting the blame on her what are your thoughts of this Dei angle chouth I don't think this is to blame okay if all of a sudden because of Dei 70% were physically incapable of carrying out the task and that's why these fires grew maybe you could make the claim that it is a Dei problem I do agree with freeberg that the thing that these public institutions need to do a better job of is being very clear about what their Nord star is I think the nordstar for the fire department is to save people's lives and put out fires I think the nordstar for the police service should be to save people's lives and to hold criminals responsible and get them off the streets and you should hire the people that allow you to do that job the best the thing to keep in mind is that there were probably 20 or 30 people interviewed to be fire chief it's not her fault that she was selected the real question is what was she mandated to focus on once she got the job and I think what you see in all of these interviews is I don't think that she all of a sudden after growing up through the fire service had this Dei bent I think typically what happens is it becomes an Institutional directive it guides your compensation it guides your recognition and so you do it it's sort of what Charli Monger says show me the incentive and I'll show you the outcome the entire public service is riddled with this the entire private service is riddled with this which is that we've lost the script about what is important so it's yet another example she's probably quite a capable person who if was just allowed to focus on fighting fires and saving people's lives would probably do a good job but if you had to add all these other things that are not Germaine to that task then people will get frustrated and projected onto her it seems like a lot of projecting going on here jamath I agree all of that said though I think you got to go back to how did these fires start yeah how did they grow out of control and again I think that these winds didn't come out of nowhere in the sense that they caught everybody off guard this has happened before that area has gone through this exact moment yes there were laws that were proposed they were vetoed okay so that even if you could have controlled it then you see certain developers like Rick Caruso who were able to protect the buildings that he was responsible for because he took proactive and protective measures could those proactive and protective measures not been taken more broadly through LA county of course they could have why were they not and here what we're seeing on the screen is recuso Village let me ask a very specific question how much money and we know the answer to this how much money did the government of California spend poorly as it turns out on homelessness it was about $21 billion and illegal immigrants I don't know what the final number is there but I suspect in the tens of billions if you I think if you reappropriated those dollars to these kinds of protective mechanisms in these areas what would the outcome have been maybe there still would have been a fire maybe there would have been damaged but it's hard for me to believe it would have been as bad as it is right now yeah I think what you're getting to here is we can confirm lesbians didn't cause the Santa and and a wins to cause these fires obviously but there is an issue that I think many people in the public especially in California who voted for this very leftist liberal ideology are now starting to realize is hey wait a second what are the priorities here cyan what are we focused on and what should we be focused on and it's very easy to be focused on Dei and maybe things that aren't important homelessness and move budget there but at the same time they wouldn't give her $17 million they cut the the fire budget she tried to fight it well that that's not clear now there's now the counter narrative is that she actually got an extra 50 Jason okay so we're we're in a breaking news environment so we'll see what the truth winds up being here but Sayan I think the point Remains the Same here which is is prioritization and what we focus on out of whack in California oh without a doubt I think diversity is good unless that's all you have and I'll just simplify it like that but and I think it's very sad that somebody could be very qualified and be in a position and we now have to question whether or not they were hired because of Dei and then it comes down to prioritization like when you're dealing with a organization like a fire department whose main job is to protect the public and put out fires and save people any amount of time as we know is a valuable precious resource that's being spent trying to roll out these programs or you know it goes beyond just who you hire it's even they the thought police of how you think you know it's so pervasive within an organization that you you are you die from the bureaucracy of it and if if anything went wrong with the EI it was that they didn't have their their eye on the prize of of fighting fires and instead you know they're focusing on something that truly doesn't matter so you can be as diverse as you want to be and not be able to put out of fire and then it just really doesn't matter right because you're not training people you're not spending money on things that matter you're not having the discussions that matter and that's where I think that does fall apart and it it has a place there but you know I go back to what chamama said though you know it really comes down to prevention and learning from our past we seem to have a very short-term memory and we forget very quickly because we rebuild and it looks pretty again and everybody forgets and we just don't have the ability as a society really to think long anymore and uh that's a real problem and I think we should learn from this fire I really hope that what comes out of this is a shift in political leanings in this in this state you know I think more moderates are going to come to their senses and um as we've seen with the election and the outcome and I think the state might shift some and we might actually get some policies that you're so right you're so right I mean when are we going to get tired of all this late stage progressivism it's like these Litany of excuses the people that are in charge have failed us yet again exactly we have wasted so much money on so many things that don't move the needle and then the things that they needed to do they didn't do and then they point the finger at climate change it's a joke at a certain point you have to wonder are we using politics and and the purpose of it to make people's lives better and to have a high function Society or is it a way to fge your signal or to you know share your opinions on things yeah and and I think what people are starting to realize is you know in an acute situation whether it's our budget deficit whether it's schools whether it's safety from climate you know or non-climate induced disasters you you do need to have competence and this is the Rick Caruso is such a competent executive that when he ran for office there the fact that he didn't get that job is just absolutely crazy and the you saw the mayor come in and she wouldn't even address she wouldn't answer any questions from the Press not even thoughts and prayers or you know we're thinking of this or we're going to get it done it it just seems like we're hiring non-executives to work in functions that should be high performing Executives this is an operational role let me maybe bring something that ties these three things together but it builds on critically what cyan said there are so many people here that are good hardworking people that lost their homes for many of these folks it could be the most single and only financially securing asset that they have for other people those that are family age they have kids now beyond the financial damage that are totally displaced where will these folks go there was a comment by Adam Cora commentary where he said the real test to science point will be how they internalize and metabolize this because it now affects them personally and they have to go and wait 3 years to BU building permits to rebuild now that's assuming that they can even get a reasonable amount of insurance coverage which touches freeberg point this is the real tragedy that is the actual tragedy multiplied by 120,000 or 200,000 families and the real question is how much of that was completely avoidable and I think there is a reason amount of it that could have been that's what really sucks and that's where you cannot take your finger off the scale and forget and yeah when it lands on your doorstep quite literally here they are not going to be able having been in this exact area I can tell you when you try to pull a permit to do anything as I was explaining with my roof the regulations are deep and expensive and timec consuming I don't believe the C we talked about the California Coastal Commission recent episode freeberg what are the chances that the California Coastal commission even allows these people to build those homes in those locations on PCH fredberg I was talking to chamat about this earlier today because the California Coastal commission was created by the voters directly in 1976 and that commission has Authority that exceeds legislative action so um you would have to basically go back my understanding is you'd have to go back to a state vote to resend the powers of the California Coastal commission so they have effective complete authority over deciding what does or doesn't get built on the coast because their objective is to preserve the coast for the use of the community and restore it to its natural habitat so anytime there's a request or a permit request it can take two decades three decades sometimes to get anything approved if they ever approve it at all and so the California Coastal commission any property that touches the the the beach front in California they have this kind of you know God level authority over and they're basically all political appointees that sit on the commission to my question freeberg what are the chances they allow the millionaires on Pacific Coast Highway in Malibu to rebuild those homes or do you think they slow roll it and those people are all 5060 70 years old they'll never be able to rebuild their homes Cali just slow roll this and say you know what nature returned it to its natural state I think we should talk about insurance this is a great segue yeah yeah this perfect segue yeah this is the key point I wanted to say about insurance so going forward yeah all of this property that sits in climate sensitive zones or weather sensitive zones whatever you want to call it like we've talked about on the coast of California of Florida and hurricane centers and tornado centers where the frequency of loss is going up they're priced as if the frequency of loss is what it used to be which is like let's say you buy a home for a million dollars and the probability of your home getting wiped out by a natural disaster is a one in a, your kind of situation so you have a one in a thousand chance of your home getting wiped out each year so your price for insurance on that million doll home should be about 10,000 bucks a year one tenth of 1% so 10,000 bucks a year for a million doll home sounds expensive but it is what you have to pay for homeowners insurance but now let's say that the probability shifts to one in 20 years so now you've got a one in 20 year probability of your home getting wiped out are you going to pay 5% of your home value no and uh if if you have a $10 million home are you going to pay $500,000 a year for property insurance no now what's happened is the insurance companies have these models they're called cat models or catastrophe models it used to be two companies one was called RMS the other one was called equat and I used to work in this business so I know it pretty well and then all the the companies started building in-house models and now there's startups that make models and these models have shown that there are increased probability of complete loss in a region because of the increased probability of these crazy weather events happening and so the price of insurance should go up here's the problem there are 5050 State Insurance Commissioners in the US in order to sell insurance in a state you have to have the insurance carrier and the policy approved in that state and the states determine what rate or what price you can charge for insurance so the State Insurance commissions have a couple of goals number one is to keep all the insurance companies solvent so they want to you know check the financials of all the insurance companies make sure they're not writing too many policies that they won't be able to pay out the second thing is they want to make sure that the insurance company aren't ripping consumers off so they have control over the rates and they don't want the rates to go up too much in any given year so they're controlling rates and keeping them down and then the third is they're supposed to make sure that consumers have access to insurance and the third is a very hard thing to do if you're trying to keep companies solvent you can't write too many policies and you're saying hey you can't raise prices and meanwhile the probability of losses gone up so the insurance carriers are like what choice do I have so earlier this year a State Farm pulled out of Palisades they stopped writing fire insurance and Palisades they canel 1600 policies in the exact neighborhood that just burned down what about the timing of that freeberg that was three months before six months before Happ six months before but yeah but it's not it it seems crazy but as you know in Tahoe a lot of the policies have been cancelled in um it's just crazy timing it's it's a crazy coincidence and remember in Wine Country we had a lot of wipeouts all of Santa Rosa was burnt out a few years ago you guys remember that and so they started pulling out of there so aot lot of the carriers are generally pulling out of California because when they go up to the DOI and they're like hey we need to raise rates by we need to double the price of insurance we need to Triple the price of insurance this is now a one in 20 year event the Department of Insurance says no no no we're not going to let you charge that much to Consumers and then the carrier is like okay we got no choice and they exit the market here you can see right here 1, 1600 policies canceled this has been a big driver is the Department of Insurance has made it very difficult to find this free market outcome but at the end of the day one of three parties are going to end up eating the cost of the change in probability of loss that has occurred it's either the homeowner because they're going to end up losing the value of their home in a loss or they're going to end up needing to write down the value of their home when they sell it to someone who will take on that risk which means the price has to come down or number two is the insurers and there's not enough Insurance Capital out there to cover all these losses so all these insurers would go bankrupt or the third is the taxpayer one of those three is going to end up eating the loss that's about you know the answer you know the answer taxpayer taxpayer yeah somebody is going to Lobby somebody but hey we're sitting here chth in the age of Doge and saying hey let's make the government smaller in fact Dave you and I were talking about at some point Gangs of New York and the fire departments being oh yeah totally great crazy timing that we were talking about that two or three weeks before this happened but right you know when we look at making government smaller well that means that these kind of situations would put citizens more on their own so let's counterbalance what you think chamath about who should be responsible we all espouse I think free market ideology on this program and as Executives and in what we do every day should the people who own these homes going forward who decide to rebuild them here have to pay you know 5 10% of their value of home every year should their home prices collapse because it's too hard to build there and should the free market take over this risk or should it constantly be put on the other 329 million Americans who are going to have to be the brunt of what happens to the million people affected in this area well I mean sh's a very strong word the cap on the insurance reimbursement is about 3 million is my understanding David you can tell me if I'm wrong but I think I think that's right the houses in the Palisades are anywhere from call it 1 million on the low end to maybe 40 or 50 million on the high end average is four and a half in that yeah I was about to say there's nothing for a million these days yeah it's got to be three or four minimum right but the median is probably more instructive which is probably seven or eight million so yes yeah my point is that folks will get less than half their home value back they're going to have to come up with some amount of money to then rebuild but the cost of rebuilding a 7,000 foot house in the Pacific Palisades is probably at least a thousand a square foot so that's 7 million of cash exactly so now so now all of a sudden these people have to come up with a lot of money exactly and that's post tax money so you might as well double it because California is just so egregiously burdensome in terms of taxes so the individual homeowner is not going to be in a position to rebuild I think that the liabilities of the insurance claims are going to be so massive that the state's going to look to the federal government to build them out my parents just got evacuated I gotta call them and just there there's a new fire literally right uh there's a new fire called Kenneth fire it just took off and it's it's at their house so just give me I'll be back okay no do your thing oh wow gosh almighty we were talking about hey maybe less government hey maybe spending less now the same group of people maybe who were saying hey we need to spend less and reduce the size of government or saying hey well why isn't California more prepared well being prepared obviously means more money and and and more taxes so you have now these two competing ideologies here but to the question of who's responsible it is economically going to make no sense to rebuild unless you can get that insurance it is a coveted place to live but because of the construction costs have gone abs abolutely parabolic in California because of regulations you're talking about $4 million in income to build a $7 million house and maybe you're just better off selling the lot for a million dollars and letting it be somebody else's problem going for and just taking the two or three or four million dollar loss who should pay for on a go forward basis underwriting these homes yeah I mean a lot of these people paid for I was reading stories of 30 some odd years into Insurance thinking that you know house wouldn't burn down and then of course it gets canceled two weeks before their house burns down and then the one time they need it they don't have it and part of this is I mean a huge part of it is uh what freedberg was talking about are the regulators and so the free market solution is the only solution if you look at I have an investment in a company called kin insurance and they specialize in direct to Consumer Insurance for areas that are plagued with natural disaster so their number one state out of the 11 that they serve as Florida followed by Texas which you know has tornadoes and things like that and how they're able to get into these places and do insurance is the pricing is according to you know the construction of your home and all of these various things and also weather models and using data science things that are not allowed in California if you can believe it or not so you're not allowed to use a weather model to price in you know your decision- making for insurance in this state and that just doesn't make a lot of sense you know you should be rewarded if you put the resources and time into your home home to to make it weatherproof uh fireproof fireproof I mean you know even earthquake resistant right this is more regulations that were layer on here to try to create equality you know and and the fact is it's now working against the system in Tahoe to your point they gave us explicit instructions around homes put Stone and Pebbles around your home cut the trees and bushes down around your homes do this over here you know your when you do that and if you do that which might cost $10,000 a home you it would keep these from jumping from one to the other in most fire situations freeberg your back is everything okay uh it's not okay listening to your you know 70 something year old parents evacuate their home and try and pack their cars with all their stuff in a matter of minutes while a fire creeps on their home is a pretty devastating thing to listen to yeah but are they sayfe they're trying to get out of the house they're throwing everything in the car there's evacu if I'm looking at the video right now the fire is like right by their house it's insane it's literally like blocks away from their house God this is nuts this is the house I grew up in in La I'm so sorry oh man gosh blocked away and I'm like you know what do you say to them like throw all the photo albums in the car is what I said throw the photo like just grab the frame photos my mom's trying to grab all her like that's the number one thing that everybody misses and is mentioned and interview that I've seen is uh photographs like grab all the photos grab all the ALB she's like you know she's grabbing her jewelry and stuff and I'm like grab the photos like we're the last generation that will be thinking about this issue of grabbing the photos yeah it's fascinating I just want to say like you know as we wrap up this segment you know obviously we're thinking about everybody there this is complex this is not the fault of a lesbian firefighter or the Ukraine or any of these other issues this is leadership and nature and preparedness so there are big issues around climate change you want to believe him you don't want to believe him fine put that aside but I can tell you that when I saw Karen bass get off that flight play the clip Nick of Karen bass here because it's a short enough clip that we can play it here for the audience I'm I'm assuming you all three of you saw this clip of her being absolutely unwilling to answer a single goddamn question about what's going on this is the opposite of leadership just 10 seconds of this AB an apology for being abent while their homes were burning do you regret cutting the fire department budget by millions of dollars Madam mayor have you nothing to say today back upate it have you absolutely nothing to say to the citizens today disgraceful she in shock I mean I I have zero sympathy you took the leadership job I don't give a if you're in shock you're a leader you just you you sold yourself as the leader that you were to service these people and you don't have the dignity the the the honor to just answer the questions it is the that is absolutely the worst leadership I've ever seen Under Fire let me ask you guys a question disgraceful what do we do you fire them all and you vote for Rick cruso you vote for executives who know what the they're doing and know what to do in a crisis because they've been under Fire before because they've run a business before because they've seen hit the fan this person I don't know her I don't know her history but I'll be totally honest like I wouldn't trust her literally to pick up my lunch if she can't answer one or two goddamn questions and give a plating answer to a reporter hey it's an intense situation we're working as hard as we can she can't even say two goddamn words to the people who voted her in and for anybody who voted for this level of accomp reminds me of exactly what we went through in San Francisco and I was living there in the Bay Area when you put someone like chesa bu in or London bre or this entire clown car Aaron Peter all these disgraceful disg Marist Marxist lunatics who would rather virtue signal Dopey Dean Preston the whole lot of them you vote them out and you vote in Executives and it doesn't mean a republican executive it doesn't mean a Democrat executive it means an executive who's run something in their life before whether it's Bloomberg whether it's Trump whether it's ruso it doesn't matter their ideology it matters their effectiveness and if you vote for ineffective people you're going to get situations like this over and over and over again so use your brains and vote for executives who've done something in the world this is why I've changed my position on rooting for Trump now I was a never Trumper everybody knows that but he put Executives around him this time around and I am rooting for those Executives to do what's right for the American people and solve big problems not make them worse it's infuriating Jam what do you think I think we need to have a wholesale replacement of the people govern the state of California it's just not working full stop and I think that the citizens that live in California need to do some real soul searching it is beyond Party politics so I think what has happened in California is people vote for whatever vessel has the name Democrat beside their name or republican beside their name and I think that you have to go back to First principles and do a better job of picking the people to represent us because the people that are in positions of power just don't fundamentally know what they're doing they're not capable and the fact that then what we have to deal with are sort of lies and distractions to excuse incompetence I think is unacceptable I think we pay way too high of a price and like I said you are now dealing with hundreds of thousands of families whose entire lives have been totally disrupted and ripped away and I hope that we learned something from this because we didn't learn from it eight years ago and we clearly didn't learn from it when a different natural disaster in North Carolina will we find out that folks said hey guys is there an outlier natural disaster event obviously it's not going to be the same thing in North Carolina but could a different form of something happen here what could it be are we prepared I'm sure we'll find out that they didn't do that maybe they had different meetings and they were about other total distractions or things that just didn't matter so this is what we need to do we as a populace in this state need a reset otherwise we deserve what we get Bingo Sayan you agree yeah I think I think Democrats need to reclaim their party I think uh there's a lot more strength in the middle and you know they've let this woke ideology ology I call it U woke imperialism like a religion take over in place of actually doing things that matter to the people that elected them that pay taxes that pay their you know their paychecks and everything in between and it's time that people really look in the mirror I've got so many moderates coming to me saying you know people call me a Republican and I'm far right and I'm a Nazi and I'm like yeah welcome to the club you know it's at some point you've got to stop letting them run the board and and stand up and say you know enough's enough you know we're not building some Railway that's never being built we're not solving homelessness with billions and billions of dollars we're not doing this stuff anymore you know we do need real Executives to your point Jason you know to run things that understand how things are how it works and and you know the best use of funds because right now it's it's it's misappropriated it's a crisis of competence I mean I think we all see it these are in competent people by the way it's not just it's not just the leadership it's also legislative action that's going to be needed to fix a lot of the the policies the regulations the way infrastructure operates in the state and that requires three things to change number one is the California State Assembly number two is the California state Senate and number three is to put things in front of the voters that they can vote on to make the wholesale change needed to resend some of the bad decisions that were made over over the last three decades in the state that has led us to this point and I think that it's going to require just like what happened recently in the National politics a state politics organizational effort to say let's take a look at the composition of the State Assembly the state senate and what are some of the votes that need to be done by the citizens to make the necessary changes in the state to try and get the world's fifth largest economy to start act acting and looking like it because right now it's sort of like a weirdly disabled third world country typee operation with the wealthiest resources on planet Earth and it seems pretty up it's almost like once people have it all that's when they want to give it all up that seems to be the moment that this state has just passed now maybe it's time to go reclaim it and build it back well said I mean and as we said in the segment there are so many common sense tactical strategic things that these people could be doing that they should be doing that they're not and needs to be a full-blown investigation you kind of alluded to this earlier chamath but if there is if this is dereliction of Duty then then we need to look into this in a very deep fashion and to the people of California you have more power than you know my friend who used to be on this podcast once in a while he and I collaborated on Chessa Boudin being taken out as this uh da in in the Bay Area I know some other people here were involved in it as well and you can recall somebody so recall these incompetent lunatics recall them and replace it's scary but you can you know they they they send all their people after you they threaten you get personal they I was signature number one and I I had to deal with the Deluge of that stuff but to be honest with you I've never been happier to do something and get civically engaged I think it's so important that everybody starts getting involved in their local government and their state government and the national government because you can't just expect people to do the work for you and expect it to turn out well and I think that's kind of the mistake that we all made if we want to take some responsibility the tech industry as a whole did not get as involved as we ought to have in the past and I think we should get more involved why was that saying why why did for 20 years while we were all in the Bay Area or other people you know just were too busy building companies bus building companies and I remember if I remember correctly the only person I I I remember getting involved in local stuff was Ron Conway yes and he would try to get everybody involved and we were all just like you know there's people who are smart that do that sort of thing and they're going to do their thing and they're running stuff and we're just not going to get involved and a lot of people would say I'm not political I don't I don't do politics I don't you know they didn't get involved until it affected them kind of like the houses burning down it affects them and you know like they're that saying that first they came for so and so and I didn't speak up you know that's what's happening here and uh you know I just really think that people need to realize it's now affecting them and it's now time to make a change and elect better leaders here's a framing if you're paying 50% tax in California you're a shareholder of an organization known as California Inc you're on the board of that company you're paying the salaries of the people there you have a say recall these people start a recall of Nome start a recall of Karen bass just do it I I'm not doing it I don't have time for this I'm in Austin but y'all in C who are still in California start a page recall Nome recoil bass and you have the power to do it and you will succeed I guarantee it now is the moment to strike there's other news we should get to you know I hate to say thoughts and prayers but literally I've been thinking about this you know all day long and I have a lot of friends my friend Mark suster lost his home I used to play cards with Jimmy Woods and you know I just feel terrible for everybody who's lost their homes and then their kids and their schools are burned down as well all those great schools in Pacific Palisades are gone I can see developers coming in being like dude if I could buy all these lots for 80% off I will that's what's going to happen they're going to sit on them yeah they're going to just sit on them and wait for people to forget like they did in 1962 Caruso of the world will do that yeah anyway yeah he should be running the place probably I'll give you another another California Department of Insurance stat so after the California Department of Insurance wouldn't allow the rates to rise like they should from a free market perspective they had to set up their own insurance program called the fair plan for homeowners it has about 200 $ 120 million of capital in it and then they bought about $5 billion of reinsurance they have about 6 billion of exposure in Pacific palates alone this is a bankrupt just like I told you guys about in Florida the state insurance commission tries to step in and fill the market Gap that they create by regulating rates and then they don't have enough Capital to actually fill the Gap because the reason the rates want to go up is because the thing costs more than the state is willing to so they're distorting it they're putting their thumbs on the scale and they're distorting it even more a bigger crat they're driving real estate value up because they're not allowing the cost of insurance of that real estate to naturally float and so by driving real estate values up the economy looks good they make property taxes income comes in but at the end of the day the bill is going to come due and in the case of Florida and in the case of California either the state government or the federal government's going to step in and pay the difference and at some point taxpayers are going to look at the fact that they're paying some percentage of their income to support someone else's home and they're going to say enough is enough and enough of these sorts of events start to happen and then the legislative change I think will happen that says this it doesn't make sense we have to make a change and I think we're getting pretty close after the series of events all right this has been an absolutely fantastic discussion let's move on to our next topic here Zuck just fired meta's third party fact Checkers and he is going to embrace the community notes model from Twitter SLX which predates Elon ownership of the platform and is an open source project for those folks who don't know on Tuesday made he made the announcement on an Instagram video he published a Blog with a bunch of details and he made the signal that he was going to move the trust and safety team out of California which he feels maybe was too uh far to the left as we were just discussing in the previous story uh and move it to the great state of Texas and here's a quote from his comments in recent years we've developed increasingly complex systems to manage content across our platforms partly in response to societal and political pressures to moderate content this approach has gone too far if you remember back in August Zuck sent a letter to the house Judiciary Committee explaining how the FBI and Biden Administration have pressured Facebook into censoring posts about Co and Hunter Biden you'll also remember that Zuckerberg has over 3 billion members to his platform and had no problem Banning Trump from the platform after January 6th a lot to talk about in this topic Sayan what's your general take of Zuck going Maga how do you interpret his I actually think change of heart I actually think deep down inside he always has been you know I I go back to the beginning days of Facebook and when there was social networks that were competing which back at the time was my space the only political party you could be was Republican or Democrat and then Along Came Facebook and he added this third option called libertarian and I I would like to go to the way back machine at some point and find his profile because his profile said he was a Libertarian so when he started Facebook you know that that's where he leaned so I think he's always been a free speech person I think he's always this has been deep in his heart I think what happened was he had enormous success they grew very large and he had to become neutral or he thought he did and so I think what we're seeing with Zuck right now with his change in his um you know even how he appears with a gold chain and how he's dressing and everything that he's doing is him going back to his roots to be more authentic because I think he hasn't been authentic for a long time and and that was a big critique that people had of him you know they were just like when he talks he's like a robot and I think what we're seeing is him coming out of his shell and I don't know if fighting helped it or what helped it but you know I I do think it's the best thing to do all the platforms need to do it and should embrace it and um it can be gamed though Community notes can be gamed we saw it with um I saw a report that you know kamla's campaign or or I don't know if they directly work for her or what happened but they did take over Community notes on X and start manipulating them so you have to be really careful you know how you run a community but in in general I'm all for it I think it's the right move it's but one signal it's one system for trying to get you the truth it's not the only one fact in is another one and having no system is another one chth you're obviously an alumni you worked side by side with Zuckerberg in the pivotal years of building the Facebook platform what's your take on what cyan said and what do you attribute Zuckerberg's massive 180 here I would start by saying I think he's a phenomenal businessman I mean I think the the results speak for itself but I also think that that is exactly what explains the shift in many ways he to make that shift I think it's fair to say that in the Obama and Biden administrations when the winds were blowing towards censorship they were part of that machinery and that was the value maximizing function for Facebook shareholders in that time because if you pushed back against that it's not clear what would have happened to Facebook in other ways and so I think the decision whether he morally agreed with or not almost didn't matter it's the leadership of the country in which I operate is telling me it's going to go this way I go that way once the Biden and Obama administration sort of went to the Wayside there's a very interesting picture that Donald Trump put in his book and I just I sent it to Nick and I think it sort of explains the last week's events relatively well so I'll just read it this is a picture of him sitting in the oval and it says Mark Zuckerberg would come to the Oval Office to see me he would bring his very nice wife to dinners be as nice as anyone could be while always plotting to install shameful lock boxes in a true plot against the president in jcal all caps okay shout out to the president he told me that there was nobody like Trump on Facebook but at the same time and for whatever reason steered it against me we are watching him closely and if he does anything illegal this time he will spend the rest of his life in prison as will others who cheat in the 2024 presidential election now that's what he put in the book and then he was asked about this quote at a recent press conference Nick do you have the the link to that he's colorful freeberg did you notice Donald Trump a little bit colorful essentially Trump was asked about Zuckerberg's move to free speech and he he was ENT he was asked you know do you think it was because of your threat and he goes yeah probably well I watched their news conference and uh I thought was a very good news conference I think they've honestly I think they've come a long way meta do you think he's directly responding to the threats that you have made to him in the past probably probably wow there it is but again the the the the lens that I would put on this is now the winds are blowing in a different direction and I do think it's the value maximizing function I think Elon didn't make a value maximizing function he made a moral decision he did it when it was unpopular and where the winds were clearly blowing in the opposite direction now that those winds have changed and it's clear Trump one in early November the decisions you make in January are more reflective of the new conditions on the field coming into the inauguration but I do think it's the smart value maximizing decision yet again for Facebook shareholders and I think it begets a broader point I think the thing is when you see Elon operate he's a complete outlier in many dimensions but I think the one dimension where it matters the most is that he acts morally and in the best interests of what he believes Humanity benefits from he's always done it he was willing to torch $44 billion when he bought Twitter in order to do it and so he does these things from his own perspective I don't think there's any other CEO that leads this way and I don't think they should necessarily I do think that you know Mark's a good person but his intimate feelings should be known by his wife his children his friends his family I think we as shareholders have any right to know necessarily Elon is different and I think it creates an expectation that maybe we'll get that from everybody else but I wouldn't conflate everybody else with him so I think that this is a smart business decision it makes a ton of sense and as you can see he was basically told to do it so he complied uh free your thoughts on Zuckerberg making this decision if kamla Harris had won would he have released a statement or added Dana White to the board of Facebook probably not okay there you have it folks pretty straightforward here KLA wins he would not have done this he is jumping in front of a marching band and he is the band leader now he's got his baton and uh he is a front runner and if you open the dictionary and you look it up but I mean it's a smart business move I think if you're a meta shareholder I think you're happy to see it absolutely is there anything wrong with it J or you're just saying there's a tremendous amount wrong with it it's called moral Integrity having an ethical Compass having hoah having an own sense of what's right and wrong in the world which he does not have in my estimation based on hisor that's not fair that's not fair you don't know because again what I'm saying is I said based on my estimation no but Jason no what I'm trying to say is Elon shares who he is in a 360 Dee way with the world so we know where he stands and all I'm saying is what Mark does or doesn't believe really isn't known to us it's probably known to his wife and his family and his board I doubt his board even knows actually some of his close confidence some of his confidence let me be clear I'll even it's it's I'm I'm happy you're challenging me on it I base people on their actions his action was to be the greatest censor in the history of humanity there's no human being who censored More Humans than him that was his decision when it was a popular decision whether it was or po not popular Jason necessary for maximizing his business in that moment he do I disagree his business would have been just as vibrant if he had a spine and he just said this is what I believe and I think he's over optimizing based on what he thinks everybody else around him wants and I don't know I didn't I've never worked with him I don't know him personally you're right on that front but he banned Trump for two years the president of the United States I said at the time I don't know that you can give a permanent brand ban to the president United States when he had the opportunity to reevaluate that decision you know what he did he punted he created a third- party organization to make the decision for him and deflected Zuck created the oversight board he's so spineless he decided I'll create and give $150 million to this board to make these hard decisions for me instead of me making the decision he has God voting shares of that company chamath he controls it with an Iron Fist and not only does he control with an iron fist he has put protetive prisions in that so that his children could take that $3.3 billion platform and own it forever and he punted to them and said I don't want to make these decisions what I saw when he did that was I don't want to be blamed for these decisions and that is a lack of courage and Morality In my estimation Jason and then the second he is threatened by Trump he makes the opposite decision and if he's making his decisions strictly on maximizing money I don't respect that I think he should make the decisions based on what he think is is the moral what is the point of being a billionaire or worth a 100 billion or 200 billion if you don't get to say I have you money you I'm going to do what I want and that's what I think is the his moral failure and anybody giving him his flowers or champing him for this I think it's just political expediency and I think it's disgraceful that's my per that's my feeling sorry I have my own opinion what about the fact that he was dragged in front of Congress many times over and people that could put him behind bars told him to his face many times and this all been kind of been coming out over the last couple of months that government officials were directing him in a way that feels like do this or you will be prosecuted to do the following things to act the following way and to moderate your platform in a way that we are telling you to moderate it or you will find yourself behind bars do you not think that there's some degree of inherit complicit kind of role that certain government officials and folks in power had in driving some of those actions that maybe he had to do it to survive and to keep the company alive not to mention a violation of our constitution no not at all he could have just hired lawyers and fought it he didn't put up any fight the second they told him to roll over and ban Trump he did it zero fight from him he has no do you know that for sure because I I just want to make sure I ask I'm just basing on his actions I'm like I told you at the beginning B basing on his actions right not going to jail for Banning Trump if he didn't ban Trump or he gave him a six-month suspension he would have been just fine I'm just trying to get you to take a fair point of view which means like let's make sure you're thoughtful about the fact that this is not a dumb person or a person let's give give him the benefit for a minute he he's not a DB benefit of being a great business executive I'm just saying let's assume he's not dumb and let's say that as cyan points out and as he's kind of highlighted points in his history he actually does have certain beliefs and certain systems that he would love to kind of embrace I've said this many times before all of the founders of the big tech companies were all big Free Speech Advocates that was a big part of the open internet and the movement of the open internet when a lot of people got involved and that was a big part for him and I don't know like you know if you really think at some point he flipped his switch and said I don't care about the open internet I now want to have a closed controlled internet or if he recognized or was coerced into controlling moderation on the platform because of the reach that he had and he said the only way I can have any degree of openness is to do the following and I will say that my experience is similar in Google when Google had to exit China they initially went to China with a closed internet with a closed censored model of search because that was the way they had to survive to offer a business in China they didn't morally agree with it they didn't think it was ethically correct did they launch that or did Sergey kill the deal when Eric Schmidt proposed it well that deal went live there was a let me let me just make sure I get this all correct no they didn't go live Sergey Bren because of his upbringing in Russia he went to the mat and said on a moral basis we're not going into China and I've talked to Sergey about it he did not want to go in there and compromise his own ethics that's period full stop so I don't think that the only outlier here you're not right and I just want to make when did it when did because the dragon it was called project Dragon there was a there's a long history to this okay let's let cyan come in here I want to make sure I get this right but go ahead say obviously he's a brilliant businessman but I do think Underneath It All he is a human being and I think his fighting in the arena and this fighting stuff that he does actually did change him and this happened long before the first amendment stuff started to appear you know I think or free speech I shouldn't call it first amendment but I do think that the government did interfere and after January 20th we're going to find out some interesting stuff and we'll get to the bottom of you know how did the government pressure him to censor things and I think he's getting in front of that because it is going to come out and I think that is a huge part of why he is getting more involved is because it's going to be revealed just how much the government coerced him and and how much he acquiesced is that sort of what you're this is why I think the fighting actually helped think he learned to stop acquiescing W I actually think he put up a fight that is where I started seeing the change in him and started noticing it and so did the you know he's developed so many more fans and people who are looking to him as a leader in a different way now because he's actually starting to express who he is and like what kind of music he likes nobody ever knew that they thought he was just a robot he doesn't like music he he hired a whole PR team to craft this is my understanding but anyway again I don't I don't know that much detail I don't I don't I'm not involved in his personal life like that but I just I always love to give people the benefit of that I guess that's just me uh and I and I do think that uh people people can change and I'm hoping that he is actually going to stay on this side we we want more leaders like him to believe in free speech of course of course I mean listen Reddit had by the way they all do and I've never met a you know an internet business executive who didn't come from kind of the open internet philosophical Doctrine by background that that was a big motivator for all of us Because the Internet took away the controls took away the power took away the censorship took away all these things that other kind of communication systems had vested in them and the internet through an open protocol allowed anyone to share anything with anyone else and obviously laws and all this other stuff that's happened since then has made that far more difficult and I will re revisit our conversation Jason Google's China with censored search results was live for four years before they canel it so they launched in 2006 they censored results they complied with the Chinese government request and eventually in 2010 they killed it and you could argue it was because of philosophical reasons but fundamentally it never actually got a lot of users in China there were more users on BYU and Google had separately made an investment in was the moment I think it became if I remember correctly this 20 years ago but I think I think it was YouTube oh was it YouTube because one of the other services they started saying hey we need to know these people's names who posted this who sent this email we want full access into it and that's where they drew the line because it wasn't just the passive search engine right it was actually like Roundup dissidence like Yahoo famously did Yahoo They yeah Google claimed there was a hack that happened because on their servers in China and so they were just no longer comfortable operating about this guys yeah however we got here we're here yeah and we should all be happy that we're here yeah exactly yeah I'll take the win and we just kind of move forward how about that I mean taking the win is a good way world is a better place because of his decision yeah exactly I think we all agree on that I mean what's the point of having an open platform and you can say things but why do you call them spineless like why like why go after the guy why because you can judge a person when they're put under pressure to make the right decision I think what Jason is expressing is sort of what I was trying to say and I probably said it poorly I think there are some of us who look at the way that Elon runs himself in his companies okay as a sort of world beating technology CEO and then that sort of sets the bar but I think that that bar is impossible to meet and I think part of it is because of elon's Genius the other part of it is his success the other part of it is his influence but there's an element Jason a fundamental moral risk-taking that he takes that has been rewarded over and over again that no other CEO has had to make and when they have they've largely failed and so I I understand where you're coming from but I would give give a lot of folks the benefit of the doubt here and say it's not clear what they believe then versus what they believe now but the destination is very good and we're in a better place for society and hopefully we can maintain these Norms independent of who's in charge after Trump I am super happy he's making these decisions I believe in freedom of speech you know it's I think he's gonna have to deal with advertisers next though I mean that's one thing that X doesn't have to deal with as much and that's going to be the second problem he's going to have is not the government but do advertisers want to be next to some of the content that's about to appear and when he loses tens of billions of dollars in personal net worth will he make the same decisions we'll see but I can tell you if KLA Harris had been voted in he would double down on censorship instead of taking this position I think he is terrified of trump and having his company broken up and he's doing this strictly to appease Trump which I think putting Dana White on the board is another signal that's one of Trump's good friends he's just trying get close to the party he's trying to make up for lost time for when he supported the censorship of trump and other folks I I I think he would make the opposite decision but to your point we're here I'm glad he's here J would you would you meet Zuck in the Octagon that's the most important question no of the day no definitely not he's got he's he's 10 15 years younger than me he killed me not a not a chance would I meet him in the Octagon but I wish him well I wish him well would you meet would you meet Palmer lucky on the Octagon let's not start that up again just wondering just wondering I actually literally challenged him he he wanted to send the mountain he wanted to pick somebody to fight for him Trey from Founders fund and I said no uh unless Trey was will I would you guys ever watch the old TV show American Gladiators I would like I would like you and Palmer to have an American Gladiator style tournament like maybe four or five events and kind of get in put up a million dollars for charity I'll totally do it we'll put up a million dollars each for charity I'll do it let's let's get you know let's get the I think that this be let's something super this would be more more exciting than the accelerator I will tell you we absolutely might get more ratings than it yeah you could actually call it you could call it American Gladiators it would be a great there you go American Gladiators the the CEO Edition business to business Edition the're going sass all right listen Nvidia going consumer let's talk about it Nvidia made a big announcement at CES this week they made a lot of them one of them that was particularly interesting was this $3,000 personal AI computer for researchers so awesome it's called project digits and it's essentially like um maybe Arduino would be a way to look at this like a a personal device but it's powerful enough to run llms on they're also going after physical AI like Robotics and self-driving as we said here on the award show a lot of people on the panel were predicting this year would be the year of Robotics and they announced that they're going to have driver assistant chips and maybe build worlds for people to simulate which net net at the end of the day I think freeberg puts them on second would put autonomy Partners on second or third base in terms of creating technology by incorporating it into the chips and into their stack so cyan what do you think of these announcements and some of the other ones he made I know you were excited to talk about this yeah I'm really excited to talk about it because I think I've been trying to figure out how they justify their valuation over the long run and you know I'm not a public market person but I am fascinated with Nvidia and uh you know there Cloud GPU business is definitely a majority of uh the revenue so I think a lot a lot of what we're seeing is them trying to grow into that and trying to expand in case you know the Music Stops now I don't actually think the music's going to stop you know it's insane to me we haven't even barely touched what AI is going to do and change and all of the various things that are going to come from it and you know the early adopters cannot use Claude without getting shut down because of scaling issues and I don't think those are artificially created based on the type of investing I'm doing and um so I'm very bullish on Nvidia it is interesting it's an interesting thing to go consumer and you know the thing that really hit me was the fact that uh he kind of declared Tesla one of the most valuable companies in the world in the long run it's interesting that he got behind oyota but at the same time you know I don't think of a there's one single car company out there that has the kind of data that full self drive has and Tesla has yeah um so if they enter the robo taxi Market I actually think they should buy Uber then it's kind of you should think Tesla should buy Uber oh yeah I think they should buy Uber well that would be about 10% of Tesla's market cap at this point if they paid a premium it might be 15% so it would be very similar hard but it's true like yeah it is true yeah and then and then you launch that Robo taxi service and you know maybe there's some sort of secondary aftermarket solution kind of like comma AI or something like that that you can do for people's cars where you can actually get anybody's car into the fleet and start self-driving but it is true this is going to be the largest breakout in robotics we've ever seen if whmo is any indicator and you know I I read somewhere I think that Amazon or some somebody was looking at it I don't know what was going on with weo but um oh lift Amazon was going to buy lift yeah that makes no sense right like lot sense to me sense would the point be I do think you're correct I think maybe delivery or something like that I can't figure out what their play is there well it's not and it's also not Global but you know looking at the Amazon and weo Tesla and Uber I think weo plus Uber Amazon Plus Uber or Tesla plus Uber defines who number one is right because you'd have a global footprint and for the 5 10 years maybe 10 years it takes to roll out taxis globally you could have people D I mean it's a really interesting thought process you have your say imagine if there was an inter St where they sold less Teslas this year slightly than last year you could just keep producing lots of model wise and give them to the Uber drivers keep reinforcement loaning going while the taxis and regulations get set and then you would be able to put another instead of selling 1.8 million Teslas you could sell 3 million Teslas 4 million Teslas to Uber drivers get all that data and have the safety driver in while each region decides if they want Robo taxis where how Etc your thoughts jamaath on nvidia's dipping their toe into maybe taking the bottom 30% of the stack of self-driving I don't have much of an opinion on that to be honest I think that sort of along the lines of what I said on the prediction show I think that way and Tesla are going to run away with this market and I think it's going to force a bunch of cons validation in the traditional Auto o I think the interesting thing is that they really double down and created a pretty decent test bench for robotics I thought that was pretty interesting so I think that reinforces what a lot of smart people including you know what freeberg and Gavin also spoke about just in terms of the long-term future for robots I think that that was cool I was I was a little confused by the lowend PC I don't understand what the point of that is maybe it like creates some crazy deepin Market where you can buy GPU and then contribut it to some distributed Network and allow some distributed workload to run on that I guess I don't know I think it's a toy a hobbyist kind of device that becomes like a bridge and we see this often in technology where somebody creates like even the original PCS let's face it they were kind of like toys and hobbyist devices arduinos and the original drones yeah I guess the point is a toy to do what because if you're trying to do inference like everything is telling us that we are reaching the limits of training and that's an LL though right the point it's not yeah let me get to yeah yeah so so in this world of AI that we know it today there's training and there's inference and right now we think that there's training that's at a limit and so now the market shifts to inference so if you're going to buy this jacked up personal computer what are you going to use it for my suspicion is some sort of test time compute use case which is an inference use case but it's not clear to me why that's a better solution than all of the AI accelerators plus tensors that are now just prolifically being exposed to the market whether it's Amazon exposing what they've done whether it's Google exposing what they've done a whole Litany of startups exposing what they've done so I was just confused I don't really know what the whole point is what do you think about this the robotics thing was interesting if the market develops in the way that they think so we're talking about maybe two or three different pieces here freeberg which one do you think is super interesting than the this $3,000 sort of GPU for your desktop that you attach to your computer you get to play with things locally do you think that's promising where would that go if you had to guess so I think the bet he's making is it's not just llms which is predicting text but you know we've talked a lot about Machine Vision models graph neural Nets that that are being used for weather forecasting there's now these kind of genome language models that are trying to predict genomic output for Bio uh Tech applications there's also going to be kind of Real Time Machine Vision and robotic response like we're working on this at ohal and we're trying to figure out what's the right kind of runtime environment for these sorts of systems that are going to be using a machine vision and a robotic kind of response type system and there's a lot of these industrial applications that are emerging let's say you're running a robot in a warehouse do you really want that robot in the warehouse to be sending data to the cloud and waiting for a model to run in the cloud and getting a response the probability is you want to have that at the edge of the network you want to have something local and I don't think he necessarily has a strong point of view on what the types of models and Industrial applications will be but the bet he's making is that the models are good enough and now the chips are good enough that they can actually realize real-time responses using Machine Vision using real-time input and then respond quickly with a local model running whatever that model is to drive some output in the industrial setting and that there'll be a lot of these sorts of applications whether that's making predictions for biotech research or whether that's for running robots in warehouses or building new research models or maybe you could strap this PC on the back of something like a car a tractor a lawnmower a humanoid robot or any other set of applications explain to the audience freeberg why having the computer at the edge is beneficial for those folks who might not know if you're taking in a lot of data and then you have to run a lot of data in a model it's a lot faster to to run that model locally like when Tesla runs self-driving it's not sending the video images from your car to a server a thousand miles away and then letting the server decide how to drive your car the car is running its model on what to do with respect to the video imagery in the car it's local because the ability for all that data to get processed in the car means that you don't have to wait for the internet to transmit data back and forth you don't have lag time you don't have the 60 millisecond or 100 millisecond response time you don't have it losing your phone connection and then not knowing what to do exactly or or the the connection drops or waiting for a server to come online or server breaks in the data center everything is local so if you strap this like you know Nvidia computer which is basically plug andplay you don't have to have like Hardware expertise you could strap it onto the back of a humanoid robot or run research applications locally so I think that there's going to be some really interesting use cases whether it becomes a replacement for the Apple you know Macintosh Pro Studio device whatever maybe we'll see Mac Mini 4 yeah the Mac Mini 4 but a lot of people have pointed out that actually the the compute on this thing for $3,000 knocks a lot of Max out of the um out of the field I just can't run an operating system in the traditional sense Sam when we look at startups I remember when you and I started investing two of the driving forces was free storage free bandwidth and cloud computing it drove a lot of ability to get a product to Market very quickly effectively Etc what impact will AI have on all these startups that are being originating now in 2024 2025 look into your crystal wall and how do you think they'll uh grow the footprint of them how is this going to accelerate the startup scene I actually think we're going to see a Cambrian explosion of creativity and and development of different things and some of them are going to be stupid ideas and some of them are going to be great but I think it's going to make our job especially at the seed stage of investing harder and harder there's going to be so many there's just going to be a lot of people that have similar ideas at the same time that can execute quickly and and do things that break neck speeds that they've never been able to do before and um you know picking the winner is going to be hard to figure out it's going to be harder and harder yeah and it might be that um you know I've been thinking about this like do you in invest in competitors which is something I never used to do you know do you take a bet an index an entire category that you're interested in you know what is the Approach at seed And precede because uh I think of an idea and I'm like wow that's really neat and then I go and look out there and there's 30 people working on it and that didn't used to be the case and I think part of it is uh We've really unlocked a tool that allows people to do things that would have been cost prohibitive or gives them the ability to think gosh I could be an entrepreneur and I can try this and I could do this so I'm seeing people experiment and do all sorts of things as far as the startups some of AI stuff is just a feature you know it's just um table Stakes at this point it's like you know a chat or whatever and that doesn't really matter but then you're seeing people reimagine games and reimagine you know even things down to your kitchen appliance Etc uh so I just I do think it's going to be very very difficult and and I tend to set out a lot of hype Cycles so I invested in power and compute lithography kind of all of the things that are going to be underneath all of this and so I'm not sure how much of it I'm going to participate in until it starts to get to a steady state and you kind of can understand what's next because the the rate of acceleration is just so great that it's just kind of unclear to me sometimes you know especially when it comes to these consumer applications consumer facing things it's just uh really hard well when we were picking famously Uber you had to pick between scar lift and Uber there were three people doing it and it was pretty clear who was the most qualified you know amongst those three you now to your point if you're want to be involved in Tax Plus AI or legal plus AI you might be looking at 50 companies oh 100 and it was tradition in Silicon Valley to not bet on competitors there were some notable exceptions when you run an accelerator like I do Tech Stars or why combinator you aren't Bound by that because 50% of the companies pivot almost by Design so I think you just have to I think at preed because people pivot you just have to tell people like listen we have a lot of pivoting going on people are going to run into each other I can't just bet on one thing right in in a space but I think that's a reasonable compromise if if all the founders are going to keep pivoting to others businesses how can the investors even keep track of that it's like being aircraft traffic control of 10 airports at once it's just not feasible uh let's goad you wouldn't think it but there's still a lot of spreadsheet companies out there you know you think you'd run out of them but they're still out there you know you look at and I think this is where AI is really going to make a difference like RFP proposals for governments you know something that takes like 30 days and it's manual and you have to submit these horrible documents you know you can ingest your entire Corpus of you know all of your previous bid bids and submit them at a break neck speed now and win more contracts that becomes like a National Defense company at that point and and so I think we're going to see a lot of really interesting things where a lot of Cru is going to disappear and and that'll be a really interesting wave that I'm I'm looking forward to yeah in fact jamath has made a big bet there with his time uh with his uh software startup that he's created all right let's end on the United States of America growing from 50 to 60 or 70 States Trump has been rattling off some ideas around this chth what's your take on it I know we got to get wrapped up here so we'll just do a quick lightning round on it I mean I thought it was really interesting and I and I was just caught off guard at how the media tried to portray it as Trump being Trump goofy whatever colorful but I think like what I've realized even with the California fire thing the guy has this preent way of he may not say it in the way that it works for some people but he's just really on top of this stuff so I I just sent Nick a thing so I I started to learn a little bit more about why he wants to take over Greenland and it really comes down to one very basic idea here because of climate change and other things the Arctic ice shelf is melting and the more and more it melts it opens up a shipping Lane in the northern Passage for a lot of critical goods and so if you had some sort of strategic agreement with Canada and Greenland you effectively have this Monopoly control over something that could become as important as the Panama Canal and so I think if you look across the world the control of Maritime shipping lanes becomes this really critical strategic military and economic asset and so the reason why he's trying to find a way to initiate some sort of a discussion between Greenland and Canada is exactly this reason and I think it's sort of like a bargaining Gambit the way that he started but it's really smart that he's trying to get this done for for the United States of America because meanwhile what you have is China militarizing very aggressively Russia militarizing very aggressively and what you don't want to have happen is those two countries take control of that Northern passage as the ice sheet melts so I just thought that was important having a capable bu business executive thinking about the future of business and shipping and Logistics pretty pretty big win and I just love the idea Sayan you know what's smart I mean let's give Trump credit what's so smart is like somebody was doing this work yes got it got it in front of him yeah and he was smart enough to say hold on a second this is really important let me tweet it and then the way that he initiates it though gets even more attention because if he basically tweeted hey guys I have this really interesting idea to gain more leverage in a Northern Maritime shipping Lane nobody would have paid attention absolutely not nobody would have and now we're all talking about it and now there's an opportunity for millions of people to understand why and be supportive of it it's pretty smart any thoughts on expanding the United States to a couple more territories and states I love it I I would love to have 60 States in our lifetime I mean let's pick one in the Caribbean let's pick one in Europe I think we should have an open invitation but Jason that's not what he's doing I think he's I know I'm being a this is very strategic this one but I'm just thinking the next Domino I would like to get Cuba maybe Portugal I don't know who 80% of people say what do you think in the country want to join join it's very strategic if you look at the Panama Canal I believe either end is operated and controlled by China we are at war with China whether we like to admit it or not in my opinion and so this is very strategic he has a very strange way of communicating as you pointed out but I think it's brilliant and I actually think we should add to that I've always thought that we should open up and add more States and extend that invitation you know to Taiwan I would might be controversial to even say India but I do think that uh that we there's a lot of countries out there and people who really really resonate with what it means to be an American and the freedoms that come with our subscription fees of this country and so um I do think that it would be great for us to expand and you know I don't know what he's thinking or how who he's got behind the scenes who motivated him to do it but I'm I I really think it's a great idea freeberg what do you think about optin imperialism uh and this incredible concept of expanding our territories in the 21st century again I don't know how to read it I have no inside information there's clearly some posturing as we've heard many times when Trump makes a declaration like I'm going to put on 100% tariff on every that's imported or I'm going to charge you 2,000 bucks Mexico for every time you ship something here or I want to do X or Y or Z it's not the literal statement that matters as much as kind of the the the vector and the magnitude of the vector he's clearly trying to um begin negotiating for some change I I I don't know what the ultimate kind of strategic endpoint is meant to be here but clearly there's something I think Cham might might have a good good read on this and seems Seems to make a lot of sense well we have a military base there and we also protect it and we we occupy it already which is interesting right right we somewhat yeah we somewhat abandoned all that in Greenland but there is a lot of that infrastructure still sitting around can I ask you guys a question I I started I listened to Lex freedman's interview the totally off topic but I listened to Lex freedman's interview with Graham Hancock you guys ever heard of this guy yes have you read any of his stuff or watch any of his shows I have not no okay so he's got this belief that there was this like like ancient civilization on Earth not like sci-fi futuristic but like an advanced human civilization and that's where the Great Pyramid of Giza was like there was a smaller pyramid that was built there and a lot of these other kind of like historical places were built and then they were built on top of later but that a lot of these like this Advanced civilization was wiped out during um the last ice age there was a a very rapid kind of uh freeezing event that happened over period of about 1200 years and that's when this great kind of Ice Age Era civilization was wiped out but what I didn't realize and so I went down this really crazy rabbit hole in the last week on like how much of planet Earth well how different planet Earth was just 12,000 years ago during the Ice Age have you guys spent any time on this like I just went down a similar rabbit hole with the Grand Canyon it's like the first of all like how the planet earth has changed in such a short period of time blows my mind but like the sea level was 400t lower than it is today just 12,000 years ago and there were humans on Earth at the time and so all of this this area that we look at as like like Malta the island of Malta was the southern tip of like a continental stretch that went into Italy so it was all part of one great land mass and there's all this area that was actually part of that land mass that now sits under that ocean there and there's these like like ruts in the ground for moving stuff and buildings and all this other crazy stuff and we have no idea like what's actually under the ice in Greenland what's under the ice in Antarctica there's all these parts of Earth where humans very likely had some this is so off topic we could cut this from the show I think it's incredible and I it's so crazy that there's there's all these parts of Earth and and especially like in the oceans as we start to kind of explore there's actually like large humans potentially Advanced civilizations that lived in these areas not like flying around the Atlanta stuff that it was actually like an advanced civilization and then humans lost a lot of this ability when the this like period of freezing happened over 1200 years and then a lot of it was preserved in Legends and myths that showed up in later kind of archaeology and later how do you explain the pyramids I think he has a really I think because we had Gavin explained it last time say welcome to conspiracy quarter so somebody sent me an email oh and he said what they did was they flooded the area and they fled the Rocks up yes brilliant I've heard this but you know what chath and I were talking about this too cuz when you remove all that crust because we we actually were talking we just didn't use guy in name it's just like Uranus when you when you break away all that crust what did they find in Uranus freeberg mine mine was better mine was better you got it you land did the joke it's great it's great I got it oh we finally got there folks this has been another amazing episode of the all-in podcast it's different yeah I can't say anything other than cyan you were great for a first time out you got to the conspiracy you rocked it you got to interject more because it's it's a vibrant panel but for a first time out very before you go do you have an alternative expanation for the pyramids Sayan yeah what UF I've looked into I mean UFOs is the only only one that I usually come back to because you know if you look at putting logs underneath and trying to roll them or you look at flooding an area all of this just doesn't make a whole lot of sense and so and then you know the fact that there are other civiliz that also have pyramids that are stunning and Feats of engineering as well uh things like stonehinge Etc I mean there's just things that defy explanation I don't know if you ever tried to make a catapult but it's really hard it's really it's really hard and so like I we just did not have the technology or at least we can't find any definitive way that it that it happened and and so I do think there is a possibility that there was a more advanced civilization here or we were visited and I I think about that a lot I think it's mutants I'm going with the X-Men Theory I think there were mutant human beings who had the ability with superpowers to build them it could be that it could be that it could be we had control of matter and Alchemy or something like that who knows this is this is what we've come to now we get conspiracy corner at the end of every program we try to figure out Unsolved Mysteries welcome to Unsolved Mysteries and uh oh just a little uh housekeeping here as we wrap our friends our partners dare I say at uh hly Market have done us a solid freedberg check this out we talked a little bit about our long um debates here on the program so chath we created a market here the Magnificent 7 shrinks below 30% of S&P 500 in 2025 44 44% chance is what uh people in the real world are putting volume on that I see $11,000 already in volume and then uh freeberg you came up with one which was Will uh we I guess we did this one together but I think it should be really under your name will US national debt surpass 38 trillion in 2025 and then third uh talking about immigration we got a lot of passion around this topic Trump's team uh and Trump himself said they're going to deport 15 million Americans uh 15 million immigrants rather from America I said hey let's uh create a market for Will trump Deport 750,000 or more people in 2025 38% chance for those of you who don't know Obama think did 2 million people in 8 years so this is not like a partisan thing this is just a practical thing so anyway go to poly market look at the creators you'll see under that tab that Allin has a bunch of markets we're doing this in partnership with our partners who've partnered with us in a partnership at po Market # FC part bye bye love you guys everyone that was super fun rocket science a thank you let your winners ride Rainman David and instead we open source it to the fans and they've just gone crazy queen [Music] of Besties are this my dog taking your driveways oh man myit will meet me we should all just get a room and just have one Q Georgie cuz they're all this useless it's like this like sexual tension that they just need to release [Music] Som we need to get [Music] merch I'm going all in