E136 Hacking the pod, Threads launches, Fed minutes, immigration debate, balloon farce, heart health

**David Friedberg** (0:01)
Let me get everything cued up here. How does Jcal open the show? What does he say? Hey, everybody. Do it, Chamath. Hey, everybody. Hey, everybody. I'm Jason Calacanis. I am the grifter with the mostest. The mostest, that's the shortest. The shortest, that's the fattest, and the fattest, that's the dumbest.
He's not even here. You can't do that.
Great, great open, Chamath.

**Brad Gerstner** (0:50)
Welcome to The All-In Podcast. Where is Jcal?

**David Friedberg** (0:52)
He wanted the week off, and anytime many of us take the week off, Jcal says, the show must go on. And he rings up Brad Gerstner and says, hey, we need a sub. Come on in this week. This week, when Jcal wanted the week off, he said, guys, we're all taking the week off. And Sacks said, the show must go on. Jcal refused to show up. His producer, editor refused to show up. So we are here solo hacking our way to All-In Pod episode 136 As your moderator today, Dave Friedberg, I am extraordinarily joyous and happy to bring you the first episode of The All-In Podcast without the hostess with the mostest, Jason Calacanis. Joining me today, Il Duce from Elba Island, Chamath Palihapitiya, Chamath. Firing up tweet storms lately, taking over the Twitter, soon to take the threads by storm, I'm sure.
Rain Man, David Sacks, joining us from a curtain showroom in the south of wherever.
And from an attic in an old house, the man who manages $10 billion to generate 50% plus returns year to date, the one and only Brad Gerstner. Brad, welcome to the show. Great to have you.
Good to be here.

**Brad Gerstner** (2:07)
Appreciate the call, half hour ago.

**David Friedberg** (2:10)
Yeah, great.

**David Sacks** (2:11)
Are we even going to be able to drop this episode? How are we going to actually upload it to Apple Podcasts and all the rest?

**David Friedberg** (2:18)
So here's the deal. I have the email login. I think I can get into the accounts.
I'm going to do the request for password reset on all the accounts. I also have iMovie on my computer. So I'm going to use iMovie to edit it. It's going to be fantastic.
I'll send you guys a little link before. I'm going to create a Descript account so we can edit our show and comment on it. I'll see how that works.

**David Sacks** (2:44)
So the show is magically going to appear on YouTube and Apple Podcasts and Jcal is going to be like, what happened?

**David Friedberg** (2:49)
Exactly. So let's not tell them that. Friedberg is Bernard Arnaud during the takeover of LVMH, which is a great story if you've never heard about it. I'd love to hear it. He basically is like, he says he's going to partner with this Irish entrepreneur to basically buy LVMH and they're going through. And at the 11th hour, he pulls a rug out from him, stabs him in the back, basically does the deal himself, gets to own LVMH and the rest is history.
But this is you, Friedberg, you're pulling a Bernardo or no at the last minute? No, no, I would never stab Jcal in the back. I would just steal his passwords. Oh, you would stab him in the front.
Tell him you should show up to work, stab him in the front and steal the passwords.

**David Sacks** (3:29)
It's not stabbing in the front. We showed up, he didn't.

**David Friedberg** (3:32)
Yeah.

**David Sacks** (3:32)
He's trying to exercise passive aggressive control over the pod. He's been outvoted. He does not control the pod.

**David Friedberg** (3:39)
We've done 135 episodes and every time we've suggested taking a week off as a group and he doesn't want to, he says the show must go on.
And he calls up a guest and he keeps the show going at his whim and his discretion. So this week we are doing the same. The show must go on. Jcal is enjoying a summer break wherever he is. I think we're all on vacation this week, right?

**David Sacks** (4:01)
I know why he didn't want the show to go on is he has a deep insecurity that he might get replaced at some point by someone smarter than him.

**David Friedberg** (4:14)
Gerstner, you were supposed to replace me, but you might end up replacing Jcal.

**Brad Gerstner** (4:22)
The truth is last year, remember the fateful morning when I get a call from Chamath and he said, Hey, we need you to come in. Jcal is out.
We need you in as the fourth. And as I'm talking to Chamath, my phone rings and it's Jcal.