Chamath: USA Needs to Increase the Appetite for Risk Capital, or Face Stagnation ๐บ๐ธ๐
@chamath laid out how the US can jumpstart a declining private investment landscape:
-- de-regulation โ๏ธ
-- encouraging competition ๐
-- incentivizing exits ๐ฐ
"It's hard to make money. It's just so hard."
"And if you view making money as some derogatory thing and you put a bunch of impediments in the way, the downstream impact is: interesting ways to make money will be out of fashion, and simple ways of making money will be the only things that people do."
"The problem is that society doesn't move forward if all you do are simple things."
"You need people who are willing to put risk capital to buy these lottery tickets."
"And if you marginalize the upside, you're just gonna have exactly that: a stagnant society of marginal things that doesn't move along."
"If you look, for example, in the last five year period in China or Canada, two totally different political regimes, but they both had the same thing happen."
"Which is, the amount of investment capital that went into both of those countries fell off of a cliff for two totally separate reasons."
"And you can look historically back, and we know what this looks like, which is countries stagnate in the absence of investment and risk capital."
"Not to slag Europe, but part of what Europe got wrong was that compact didn't exist."
"Too many administrators, too many hall monitors, not enough ability to put risk capital to work and actually get gigantic outcomes."
"The most important thing we can do on that dimension is to figure out how to have less regulation, have these companies fight it out, and create the incentives for these smaller businesses to be bought and or to go public."
"And unless people fundamentally embrace that idea, we're gonna lose."
This is disturbing. Land grab of Chimney Rock, NC.
Town to be bulldozed before removal of the deceased. Sicking and disrespectful. America is truly lost. Lord help us.
Tim Kennedy on FEMA: 'They are directly interrupting our ability to conduct missions'
"I went to put a couple of people into a hotel last night, and they have a security guard at the hotel and they said, 'Oh, we're so sorry. The entire hotel has been booked for federal employees.' And I was like, no, no. I have people that I just pulled out of a mountain that are living out in the hills, and there's not a place for me to put them because we have federal employees that are staying in the hotel?"
@TimKennedyMMA@SaveOurAllies@fema
Cadaver dogs on Lake James NC.
Aerial support has been running non stop since Sunday.
Power is now estimated for the 6th.
I learned how to change the oil on my generator this morning ๐คท๐ผโโ๏ธ Looking forward to rebuilding our communities now that the longshoremen are on strike ๐คฌ #Helene
COVID Vaccines DOUBLE Heart Attack Risk Over 5-Year Period, According to Data from Cardiac Surgeon
"What he [Dr. Steve R. Gundry] found was that within eight to ten weeks of these patients taking the Moderna or Pfizer vaccine ... those markers of inflammation in the blood had increased to a level where their risk of a heart attack went from 11% at five years โ just within two months โ to 25%," shared @DrAseemMalhotra.
"To give it context, if I today decided I was going to smoke 40 cigarettes a day, eat junk food ... not sleep, [and] stop exercising, I couldn't even get close to increasing my risk that much in two months."
The abstract to Dr. Gundry's paper is available here: https://t.co/Z0SiP3SZfO
@elonmusk@US_FDA I know why first hand. Moderna inflamed my heart and itโs still inflamed 2 years later with MRI data to prove it. Iโm not the only one.