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EssentialThe Essential Conversation

Chamath Palihapitiya on SPACs, Bitcoin, and the New World of Finance

Featuring Chamath Palihapitiya

Nov 20, 2020 • 63 minutes

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Essential

The Essential Conversation

Chamath Palihapitiya on SPACs, Bitcoin, and the New World of Finance

Chamath Palihapitiya gives Raoul Pal an inside glimpse of the seismic forces that are radically transforming the investment landscape.

Featuring Chamath Palihapitiya

Nov 20, 2020 • 63 minutes

Chamath Palihapitiya, CEO of Social Capital, gives Raoul Pal, Real Vision CEO, an inside glimpse of the seismic forces that are radically transforming the investment landscape — from SPACs and tokenization to data autonomy and virtual learning. Palihapitiya argues that old structures of capital formation, which prioritized buybacks rather than Research & Development (R&D) and "efficiency" rather than resiliency, will give way to a new future in which fintech companies will replace "too big to fail" banks, green energy will de-escalate geopolitical tensions, and tokenization will serve as a digital ledger for every financial transaction. Palihapitiya and Pal discuss the role of Bitcoin in this new world, and Palihapitiya advocates for a form of Universal Basic Income (UBI). Filmed on November 16, 2020. Key Learnings: The old ways of managing companies and allocating capital were unsound, and COVID-19 has laid bare the fact that the "emperor has no clothes." With radical change is on the horizon, investors should embrace these technological transformations in order to become a magnate of the future. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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