Invest Like the Best with Patrick O’Shaughnessy:  Chamath Palihapitiya

Invest Like the Best with Patrick O’Shaughnessy: Chamath Palihapitiya

Chamath Palihapitiya is the founder and CEO of Social Capital, whose mission is to advance humanity by solving the world’s hardest problems. We cover potential paths to closing the income inequality gap, how to manage one’s personal psychology, and tackling climate change.

The 3 biggest issues

The three biggest issues according to Chamath Palihapitiya:

1) Inequality

Solution: Help people become part of the capital class by having the government invest $2,000 into the market when they’re born.

2) Climate change

Solution: Create environmental security so people have access to water and a plant-based diet.

3) Education

Solution: Instead of having students rack up $120,000-250,000 in student loans and then graduating with no meaningful chance of employment, a better alternative to student debt would be an ISA (income share agreement).

Birth Dividend and Universal basic income

Solving climate change

Solving climate change depends on two inputs:

1) Minerals and resources

These are things like lithium, nickel, cobalt, manganese, aluminum, and copper. They go into permanent magnets that are used in electric motors and batteries.

2) Next-generation forms of material science

These are things like polymers and ceramics that will interface directly or indirectly with the end stage of carbon.

I think the key to peace and prosperity today…is to close the inequality gap and to close the inequality gap is to show people everyday normal people, how they can earn and save and invest and be a part of capital, not just be a part of labor.

Things Chamath would change if he were President

Source

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