#258: Billionaire Chamath Palihapitiya on How To Invest Through This Crisis

Podcast Notes Key Takeaways Patience, being an astute observer of the present are essential to being a good investorDuring crisis: Sit down and learn, the propensity to action should be avoided at all costsChamath believes this is an opportune moment for investing; you can 10x an investment, but being clear minded is essentialFollow the trail of bread crumbs; Corporations are trimming their expenses to the absolute necessary, who are their suppliers?You will quickly realize it’s an interconnected web of businesses and the implications reach every single businessThe way out of crisis: “We are going to need a massive stimulus package that incentivizes building things, creating things, repatriating supply chain back to the US, and in that I think there is a way out of this” – Chamath PalihapitiyaOn Bitcoin: “I have always thought of Bitcoin as a very binary investment, whether it goes from 80 to 8K to 20K to 3K is irrelevant, this is either zero or its millions” – Chamath PalihapitiyaAsk yourself: Which companies have been disproportionally punished despite providing basic needs that should remain relatively in demand over time?Industries like healthcare, climate change, and education will change the fastest

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Chamath Palihapitiya is the CEO of Social Capital, the Chairman of Virgin Galactic, and the owner of the Golden State Warriors. In this conversation, Chamath and Anthony discuss how billionaires quarantine, where Chamath currently has capital invested, how he thinks we can solve the structural issues in health and economics, why being a patient investor will pay off, where he is looking for opportunity right now, what he thinks should happen with the NBA, and how the world is going to change after the pandemic is over.

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