E58: November's CPI, operating in a downturn, macro outlook, Better.com's botched layoffs & more

**David Sacks** (0:00)
Actually, the funny story from Art Basel, so I was hanging with J Cal, and we're talking to Beeple.

**Jason Calacanis** (0:06)
Yeah.

**David Sacks** (0:07)
And for some reason, J Cal was being nice to me, and he said to Beeple, he said, you know who this guy is? This guy is a legend in Silicon Valley. He introduces me.

**Jason Calacanis** (0:16)
Yeah.

**David Sacks** (0:17)
And then I said to Jason, I'm like, this is Beeple, and he just sold $260 million like NFTs. I'm like, this guy's a legend too.
And without missing a beat, J Cal says, well, maybe for the next year.

**SPEAKER_3** (0:29)
Yeah!

**Jason Calacanis** (0:49)
Hey, everybody, welcome to Episode 58 of the All-In Podcast. Yes, the podcast. I don't know if you guys have been watching.

**Chamath Palihapitiya** (0:58)
I'm drinking, boys. I'm drinking.

**Jason Calacanis** (0:59)
Well, it's Friday. We're filming late on a Friday. You can tell from the backyard behind Chamath that it's the evening.
And he's cracked open a little something, something little, little, little delishy poops.

**Chamath Palihapitiya** (1:13)
2002 St. Eden.

**David Sacks** (1:17)
That's a that's a label of Bond, correct?

**Chamath Palihapitiya** (1:20)
Yes, sir. Bond St. Eden 2002

**Jason Calacanis** (1:23)
Oh, very nice.
Thanks for the invite. I'll be right over. Episode 58 last week, Episode 57 peaked at number 40 episodes in the world. So thank you to the fans.
We broke 125,000 subscribers on YouTube and the pods over there are getting 150,000 views. So thank just thank you to the fans. A lot of questions about the All-In Summit. I went to see the locations when I was in Miami. We've got the location we want. We're working on dates and you'll have more information soon about that.
So welcome back to the program with us today. As always is the Sultan of Science, the Queen of Quinoa himself, David Friedberg, the Rain Men. Yeah, he's definitely back from Art Basel. Of course, he went to Art Basel. And I don't know if he bought any art, but I was on his boat with him or his rented boat. David Sacks and I were on a boat.

**Chamath Palihapitiya** (2:13)
Rented boat.

**Jason Calacanis** (2:15)
Well, he hasn't bought one yet, but I think he's moving there. And then of course, the dictator himself, Chamath Palihapitiya here.
With an obnoxiously expensive sweater. Tell us about that. Yes.

**Chamath Palihapitiya** (2:28)
Yes.

**David Friedberg** (2:29)
Can I?

**Jason Calacanis** (2:29)
Everybody wants to know.

**David Sacks** (2:30)
What animal was killed to make that garment?

**Jason Calacanis** (2:32)
What animal was killed for that horrible Ernie sweater?

**Chamath Palihapitiya** (2:35)
This is a collection of the foreskins of some white tigers.

**David Friedberg** (2:42)
I'm out.

**Chamath Palihapitiya** (2:43)
I mean, it is incredibly soft and smooth.

**Jason Calacanis** (2:47)
I literally got a complaint.

**Chamath Palihapitiya** (2:49)
Like foreskins are.

**Jason Calacanis** (2:51)
I'm just really going in a bad direction right now.

**Chamath Palihapitiya** (2:55)
Friedberg and Sacks are like, what are they talking about?

**Jason Calacanis** (2:57)
I literally got a complaint on DM about Chamath's conspicuous consumption of his sweaters. And she was like, listen, I don't mean to tell you your business, but I think Chamath is turning off the audience with these sweaters.

**Chamath Palihapitiya** (3:12)
Was it an angry mid-level white?

**Jason Calacanis** (3:15)
It was a white, but a very extremely successful one. I'll leave it at that. Anyway.

**Chamath Palihapitiya** (3:19)
Really? Really?

**Jason Calacanis** (3:22)
Every week, really?

**Chamath Palihapitiya** (3:23)
Really?

**Jason Calacanis** (3:24)
We have to go through Chamath's sweater.

**Chamath Palihapitiya** (3:26)
Does she pay attention when I put in $700 million a year into climate change? Has she put in that much with her shitty sweaters?

**Jason Calacanis** (3:33)
Okay. Listen, enough.

**David Friedberg** (3:35)
Give him some more wine. Someone text Nath.

**Jason Calacanis** (3:37)
It's going to be one of those.

**Chamath Palihapitiya** (3:40)
Just checking if we're going to start moral virtue signaling over here. All right.

**Jason Calacanis** (3:45)
Well, we got a lot to cover. I mean, this is just absolutely crazy.

**David Friedberg** (3:48)
I want to see Chamath finish a glass of wine real quick and then roll into the show.

**Jason Calacanis** (3:51)
This is going well so far. I mean, this show is going to go off the rails. I've already lost control of the show.
All right. We got to start with inflation and the economy. While Sacks and I were in Miami for our basal, there was an absolute panic going on. Two, three in the morning, people checking their Robinhood and Coinbase accounts to figure out how much they had lost in their crypto holdings.