ARK Innovation ETF

Jason support ×1 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E296 · 2026-11-07 ▶ 1:18:30

SpaceX, Tesla, I've been buying shares to this whole insanity.

Jason support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E295 · 2026-10-30 ▶ 58:44

There's so much growth left here when every single employee has an agent.

Chamath oppose ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E295 · 2026-10-30 ▶ 49:53

The problem is we're trying to buy an AI stock. So many roads lead to downside risk, more than upside risk.

Friedberg support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E295 · 2026-10-30 ▶ 12:53

So I just thought like to me, it was so striking how early we are, but also how incredibly profitable everyone is, which indicates there's quite a bit of productivity being produced across the whole value stack.

Sacks support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E295 · 2026-10-30 ▶ 5:52

So number one is that this $80 billion loss number that we've heard so much about, that the media has constantly been pumping and harping on as proof that Anthropic was either a fake business or that we were in this sort of whole bubble. That narrative basically just got completely refuted because it turns out that $80 billion loss is a phantom number.

Jason support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E294 · 2026-10-23 ▶ 7:00

So if you see startups rush to a technology or rush to a trend and start spending all their VC money on it, it means this little colony of two to 200 person companies have determined, and they're the most nimble, that this is the best solution. So that's a tell that things are going in the right direction.

Chamath oppose ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E294 · 2026-10-23 ▶ 2:28

And so you can't be in a situation where on the one hand, we're talking about breathtaking valuations, but where 75 cents of every dollar is actually just a startup sending it back and forth so that they can mark themselves up. That's, I think, a structural problem.

Jason support ×1 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E293 · 2026-10-17 ▶ 25:31

So maybe this is just the market overall saying, hey, let's test this, you know, and maybe there's some indigestion there

Sacks support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E293 · 2026-10-17 ▶ 20:11

I would make the argument that this is just volatility, which you're going to get a lot of whenever you're underwriting to multi-trillion-dollar outcomes in the future

He's got supply in a great shortage, which is extremely different than the Internet bubble.

Sacks support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 14:50

I'm starting to wonder if this is 1998 or 1999 ... I think it's more 1998 than 1999 because I don't think we've seen the peak yet

Chamath support ×3 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 14:09

I think the thing is we're in the early part of the euphoria ... I don't see this stopping. We're at the beginning of the beginning. I think it's going to be like this for another probably three years.

Friedberg support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 12:08

With the.com boom, it was all like metrics that weren't dollars. What we're seeing now is revenue and profits and growth in revenue and profits that we've never seen before. ... it is all real dollars flowing versus speculative utilization.

Jason support ×2 ▲ on 📈 It's 1997-98, not 1999 — the melt-up has years left E288 · 2026-09-04 ▶ 8:56

I think it's 97, 98 ... I do think we are seeing at the late stage a disconnection in reality and valuations, where companies are being given far too much credit.

Friedberg support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E175 · 2024-04-19 ▶ 42:54

the general tone here is a deep tech investment is very likely to fail because you spend so much money before you even know... So it's a tough data point for other deep tech companies that need to raise a lot of capital.

Sacks oppose ×3 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E173 · 2024-04-05 ▶ 1:13:20

This really has the risk of tipping over into policy, I would say, in a Biden second term, where Biden agrees to do what our European allies are already calling for, which is send in NATO troops to Ukraine to save Ukraine from what Politico calls an imminent collapse. I think this is a very dangerous situation. I mean, we're really talking about here is World War III.

Chamath support ×3 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E171 · 2024-03-22 ▶ 1:02:39

I think the point is that I think there is a speculative party going on right now. And I'm not saying that Reddit is part of it, but whenever these things are so mispriced, it just means that people are ready to gamble a little bit.

Sacks support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E171 · 2024-03-22 ▶ 46:44

My take on this is that this was a bailout... This company wasn't going anywhere, and it raised hundreds of millions of dollars.

Sacks oppose ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E167 · 2024-02-23 ▶ 1:17:36

What's happening in the war is that the Russians just took this city of Deikha, which basically totally refutes the whole stalemate narrative, as I've been saying for a while. It's not a stalemate. The Russians are winning ... Why do I think this is a big deal? Because if something like this happens, it could really expand the Ukraine War ... this could lead to a major escalation in the war.

Jason support ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E163 · 2024-01-26 ▶ 11:03

People will take money that's sitting in cash, as you've pointed to, Chamath, there's trillions of dollars sitting in cash. And they want to look for some returns, some alpha. They're going to put it into markets.

Chamath support ×3 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E163 · 2024-01-26 ▶ 3:42

when we look back 18 to 24 months from now, the market will probably be materially higher because there's just so much money on the sidelines... I think that all roads lead to a continued melt up.

Sacks oppose ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E159 · 2023-12-29 ▶ 1:20:12

We could be pulled into a war in the Middle East at any time. We still have a proxy war going in Ukraine. ... So there are a lot of risks still on the horizon.

Chamath support ×2 ▲ on 🌍 Risk-off overhang lifts - equities and high-beta growth rally E159 · 2023-12-29 ▶ 32:43

I think now what the setup is for 2024 is basically we will melt up up until the first cut and then there'll probably be some real selling.

Friedberg support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E158 · 2023-12-23 ▶ 58:01

a lot of businesses that raised a lot of capital at a very high valuation, and then you have this multiple compression that's just happened in the last two years, their valuation effectively, if they were to go public today or get sold, is less than the capital they raised. And that's the most extreme scenario where suddenly all the common shareholders get wiped out in terms of their return.

Chamath support ×2 ▼ on 📈 Startup mass extinction event in late 2023 and 2024 E156 · 2023-12-08 ▶ 56:53

I run into two and three person teams every day that I think are exceptionally talented, who should be inside of a company.