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Comment by paulgb | Hacker News Reader

He also fanned the flames of outrage at Robinhood over PFOF, while SPACing a competitor who does the same things he critisizes Robinhood for.[1]

Probably not illegal, but leaves a bad taste. I get the surface-level appeal of this guy's narrative (especially his CNBC appearences), but I don't get the idolatry towards him. He's not some sort of people's hero, he's just another rich guy who sometimes has cathartic rants about other rich people in order to get richer.

[1] https://twitter.com/tysonbrody/status/1355967493089669131

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From my observations I think he has the gift of being utterly convincing in the way he speaks while also having a good track record. But only after listening a lot to him I started noticing, that the points he conveys of being the definitive true answer to something start contradicting other things he said earlier.

His track record is for making money, which isn't obviously good for anyone else

There is a category of person for whom wealth is social proof of being worth listening to. Doesn't matter how they got it, this type of person is simply attracted to wealth.

A track record for making money is usually one of the first things people consider when evaluating who to invest along side of.

His narrative pushing feels nefarious to me. I think he is using his new tech podcast (all-in) as a new platform to build a image of a pragmatic do-gooder billionare (to whomever who would buy that shtick), spin a new narrative and test out few ideas like (remove capital gains tax, he running for governorship) for approval.

If GME debacle taught us (again?) anything, it's that markets are moved by narratives. And those raccoons who control the narrative can move the market towards their favour.

Great post on epsilon theory on this https://www.epsilontheory.com/hunger-games/

Sometimes seconds earlier. In his most recent viral interview, he went from "where was this (critical) attitude) in 2008?" to, in his very next sentence, "look who was right about Tesla? not the shorts."

Guess what? For years and years and years, everyone thought "Wall Street" was right, because real estate prices kept going up and up and up and up. People who saw what was happening, like Michael Burry, took an absolute thrashing on their short positions for years because the market refused to correct itself, it just kept going up despite the problems becoming increasingly obvious.

That is not obviously different from the Tesla situation. Chamath sounds like he's cheerleading the exact kind of narrative that he criticized Wall Street for not being critical of. And in any case it's not like the history of Tesla ended last week, so absolutist statements of "right" or "wrong" are nonsense.

https://www.youtube.com/watch?v=XHZl59B6Rc8

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