Invesco QQQ Trust

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.

Sacks support ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E296 · 2026-11-07 ▶ 6:07

Then the second thing is that the economy is not that bad. I mean, in fact, it's quite good. Just today, we had a new jobs report. It was a very robust jobs report.

Sacks support ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E295 · 2026-10-30 ▶ 1:16:24

So I think the economy is not a disaster. That is total fake news. We know what the growth rates are. It was 2.5% in the last quarter, and it's tracking at 3.7% right now.

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 ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E294 · 2026-10-23 ▶ 1:34:19

Yeah, I agree that he is doing a great job in that, like better than any president I've ever seen in my lifetime in terms of getting the economy rocking.

Chamath support ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E294 · 2026-10-23 ▶ 1:33:24

It pulls through massively increased wages for middle class and skilled labor.

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 ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E292 · 2026-10-10 ▶ 1:18:55

What has superintelligence created? First of all, people's 401Ks are going up. It's a 3% tailwind to GDP. A million new jobs created, according to the economist already. Productivity goes up, which means that wages and living standards go up. This is a driver right now of nothing but positive economic trends.

Sacks support ×2 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E291 · 2026-10-02 ▶ 1:04:12

You get the price of diesel down and that'll be the last remaining unlock on inflation. That'll bring rates down and the economy is going to hit, you know, 5% GDP growth.

Jason brush_off ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E291 · 2026-10-02 ▶ 58:00

I hate to put a little rain on this hopium parade here, but two important charts as we go into the midterms.

Chamath support ×2 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E291 · 2026-10-02 ▶ 54:41

But I tend to think that we're going to see a little bit more growth than that is expected. I tend to think we're going to probably see a little bit more revision.

Chamath reversal ×2 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E290 · 2026-09-26 ▶ 1:21:55

If you think that you have 3.5% inflation and 5% nominal GDP growth, what you have is 1.5% real. And the problem with that is that AI is probably the majority, if not all of it.

Friedberg support ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E290 · 2026-09-26 ▶ 20:03

Maybe we are seeing the AI wave under way right now, the productivity wave, the productivity boom.

Sacks support ×1 ▲ on 🌍 The 2026 US boom — 5-6% GDP prints E289 · 2026-09-11 ▶ 31:02

There's no evidence of that. Quite the contrary, it's all been job gains.

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.