didn't they say a couple of months ago that "AI won't take any jobs, it will 10x you". and all of a sudden they're saying "AI will take all the jobs from the upper middle class" just really goes to shows how you can't trust these huys.
I have to admit I’m not very knowledgeable on tech & investing but this podcast is so educational in a sense, it makes me want to dive into the unknown in a positive way. Love the political debate & the overall respect and civility your friend group has for each other. The Summit guests were awesome, they brought a lot of insight & substance. Been listening to you guys for a long time, and appreciate when you all break down certain things to make it easier to understand. My Dad used to say “You’re never too old to learn something new” he was a wise one. Love the show! 😊
Oh my gosh. This is happening in Canada too. Elon answered one of our politicians and said he could give rural people internet at 1/2 the price Trudeau was or probably is giving the money to a Quebec company they say is Canadian. That company is not Canadian. It’s owned by 80per cent Americans. A few Canadians just work there. Canadians are as sickened by tax payer money being wasted as you are in America.
I listened to as many of these podcasts as I could. Really really great ❤ I have become a true fan. Love you guys. You have a gift for interviewing people.
Starlink is the answer for rural internet. The government should contract with them, using their block buying power to drive a hard multi-year contract. SpaceX would make that deal.
Difference is you guys will do something about it with an informed citizenry. 🍀I was paying $228 for just cable and Internet! 3rd party billing is an issue...Agents???
Blessings y’all, from this old man in Tennessee. I spent the past 50 of my 68 years automating Americas manufacturing operations. As Dir. of Engineering, I was responsible for the first Li Polymer battery production for Motorola flip phones. I then went on to provide similar hi-volume production lines for LG, Samsung and other international cellphone manufacturers. In 2005, I was sent to China, where I lived until 2022, post-CV lockdowns. My question is…when will we ever revive “MADE IN USA” manufacturing. Who capitalized on computer controlled machines, the Engineering required to optimize production operations, robotics and AI monitored and assisted manufacturing. Cheap/reasonable labor is growing more available even here in the US. Do we still have enough Engineering and Science students, teachers and workers to grow our manufacturing prowess again.
Trump not granting VISA renewal or issuing Green Cards to best and brightest under the premise of Pandemic gave US a true brain drain. My small world in Central Texas sympathizes with JCal question to Sachs regarding mid engineering trained and educated labor. I do see government Rescue, IRA and CHIPS influx changing the landscape and services for the well off entrepreneurs being on the uptick . Of course just a spectator unlike you in your career. Appreciated the thoughtful post. 🤓
Do you think taxpayers should pay for school savings accounts (vouchers)? Public schools certainly are asked to do a lot these days in a child's total well being. Is there room and time for Teaching STEM subjects?
@@jannichi6431bull. Cheap labor vs smart labor - big difference. We need to rehaul entire immigration process. With AI, we likely won’t need many people and can automate and bring in lot of manufacturing, software and engineering jobs. We need very few super smart people. It is a golden era for USA, if done right. China is already moving that direction unfortunately they have high population.
TH-camr Peter Zeihan says YES. First, because of the shale revolution in energy, intensive chemical businesses like BASF are moving here. As are petroleum processing plants that use nat gas as base stocks. Secondly, he notes that the reshoring of manufacturing in such fields as textiles and fashion is returning here because post-Covid year experiments in doing so, to, say, North Caroline, have proved this to be efficient with machine learning led automation. Back to completing agains the “cheaper and cheaper” labor model.
That really pissed me off too. I fall under that category, and I generally like hearing from Sacks. But I wonder where that sort of disdain comes from with him. I just know he wouldn't say it to my face. His class will get hollowed out with us. He might think that he has a safety net, but if the upper middle class falls, so does the economy and everything underneath him and his investments. I grew up poor, and know how to do it. Can you say the same, Sacks?
Yeah, WTF…& no challenge on that from JCal or Chamath. Maybe he wants a world like Asimov’s “The Naked Sun”, but that will be ages after he’s gone, if ever.
Senator Rand Paul actually releases an annual "Festivus Report" listing out many specific instances of wasteful government spending. Last year's Festivus Report estimated $900 billion of tax dollars (largely funded by debt monetization) were wasted in 2023
With the Fed cutting interest rates by 50 bps, what do you think will happen to the stock market? My portfolio has performed exceptionally well this year, but I am concerned about the possibility of a market crash and losing my gains.
This rate cut will a create new buying opportunity, but given the current market uncertainty, have you considered consulting a financial advisor? They can provide personalized strategies to help protect your investments and maximize returns.
Over $6 trillion is in money markets earning high interest, but Fed rate cuts will push this money into equities. A crash/recession can be discussed after that shift. My financial advisor has helped me understand the market, gaining 25% this year under her guidance.
I’ve managed my investment portfolio for 10 years. Initially, it performed well, but recently, it has been losing money. I need to find a way to stop these losses and start seeing growth again. How can i reach this advisxr?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria
I don't know if you guys read these messages but I thought this years summit was fantastic; it gets better every year. I find the content you 4 put out along with the distinguished panel of guests is really helpful in understanding these complicated issues. It also doesn't hurt that you are hilarious at times. Keep up the good work gentlemen! PS -( I'd love another tweet beef..)
Don't always agree with your takes, but you guys (and team) have done a phenomenal job building out this pod/media company. Truly inspiring stuff seeing you eat your own dog food...even if that dog food is caviar 😄
My wife is an Urban Planner, she says the reason the government fiber project is likely so slow, is because any projects funded with federal (and some state $) or permits will trigger automatic NEPA and/or SEQR environmental reviews which unfortunately can take years. There has been some effort to streamline the process for certain types of projects, but still a lot of room for improvement. The government procurement process is also extremely tedious and time consuming.
Yes this is true. But to that point there has been broadband infrastructure funding from Obama era that’s still making its way through. That said, my parents farm now has 8Gb fiber. Yes, 8Gb. Starlink is ok but it’s not actually that stable for remote tech jobs for example. I’m not saying it’s necessarily worth the cost, but it was fairly effective
Meanwhile starlink has already solved the problem yet they can’t swallow their pride enough to find a way to make a deal. This is why I struggle to trust the current administration to deal with hostile foreign actors. If you can’t deal with a troll how you gonna deal with a totalitarian state.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Not sure if you guys read the comments but it’s almost comforting listening to your pod every Friday and hearing rational discussion about important issues. And then knowing some of you disagree with each other and you can all still be friends in the end, is the cherry on top. America needs to get back to this. Bravo 👏
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
True, I always emphasize the significance of having an advisor. This has kept me afloat since the covid-19 outbreak and as of today, I'm just about 10% shy of my first million dollar after subsequent investments.
@@chadgriffith1969 nice one! who is the professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
nice one! who is the professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
I live in rural Arkansas we still dont have any land lines or affordable internet..DISH network takes advantage charges a fortune..been trying Chamber of Commerce for years for help still nothing..so i totally believe government is lying about helping.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Alesia Haas you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Alesia Haas is also my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Alesia Haas, has been an amazing experience.
I'm favoured, $30K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to this same Alesia Haas.
Consider Glenn Loury as all in guest. Fits in the category of “should be more known” as an accomplished economist and conservative thinker with excellent nuance in his social issue perspective.
Disagree on the AI call center that people want “the answer quickly “ from a bot. I will frequently end up going with service x vs y solely based on the fact I was able to quickly reach a human being that could speak to me with a baseline of competence on the service.
Much like the WFH discussion, it’s the only time I get disappointed by the besties. It’s not their fault, they are just completely disconnected from reality.
1) There is a portion of the customer base that always messages or calls Customer Care INSTEAD of finding the information they need on the company website. AI bots will eliminate these interactions with human agents. That's a win for AI use. 2) If it is a straight forward transaction, then it is ALREADY being handled through a portal on the company website or a mobile app. AI wasn't needed for that. "I don't want to talk to a human to change my flight." I get it. You didn't think this comment through because you were riffing and trying to hype this up. "Kicking it up to a Tier Two rep" is what happens now for transactions that are too complicated to be handled online or with a chat bot. Complex situations involve a review of the account history. What will it cost to have AI "reason" through that? Is this really cheaper and easier than an offshore phone agent that manually bounces between a bunch of applications? Instant language translation and accent neutralization is a reality with AI. That's the real impact of AI in the contact center space. This enables offshoring to poorer countries than India at lower billing rates. WIN? And lastly, irate customers want to yell at a person. They also want discretion used in handling their escalation. If you are keeping around a skeleton crew of Tier Two agents and spending more money on additional IT infrastructure then I don't see the point.
Chamath is correct about Elon Derangement Syndrome. I am not even a fan of his trip down the conspiratorial right-wing political rabbit hole... but it is insane for the govt to sacrifice the rural people who they supposedly want to help, not to mention the billions of taxpayer money, because they refuse to work with the guy who could actually solve the problem.
I am a fan of his trip down the conspiratorial rabbit hole. What do you think he is wrong about? Do you think that the world’s richest man and clearly a one in a million genius is wrong about his outlook on society? If so would love to hear some examples, truly.
There's a very long list of things Elon Musk has been wrong about. These are all direct quotes from him of things he was wrong about I picked out of a post that has literally hundreds of them “I feel very confident predicting autonomous robotaxis for Tesla next year (2020)." “probably close to zero new cases” of covid-19 in the U.S. “by the end of April. (2020)" “In ~2 years, summon should work anywhere connected by land & not blocked by borders, eg you’re in LA and the car is in NY" "SpaceX will take CO2 out of atmosphere & turn it into rocket fuel." "Speed will double to ~300Mb/s & latency will drop to ~20ms later this year" (In reference to Starlink, back in 2021) The list goes on and on. Ofc he has a lot of merit but even inside the domain of his companies his been very very wrong before. Being good at start-ups and innovative ideas doesn't mean you know everything.
I think this needs to be discussed more. I think the wealth gap will be further aggravated by the rise of AI, and I think the main problem will just how quickly AI tools take over. Humans take longer to learn skills, retool, and pivot to new ventures. I know my parents struggle, and when I was very young with few skills it was a struggle. Now I'm an engineer and successful, but I'd hate to be too young or too old when AI starts taking over those easy tools. Again, I think it's that the rate of improvement of humans is very different from the AI tools.
@@vladimirleon2487 that’s the point I was eventually getting to. Not everyone has the time or the intelligence to keep shifting between skills and up and coming careers like front line workers will be doing in this situation. I’m sure some could learn harder skills but that would be what, 30 to 40% best case scenario?
I don’t believe it. It’s an excuse to lay off people while claiming innovation. Every AI “call center” equivalent I have interacted with has been terrible.
History Lesson - Remember "Shovel Ready Jobs"? They spent almost 2 yrs writing the "requirements" for the "acceptable design criteria" before any projects could be bid because the existing FHWA and DOT weren't "good enough" (although projects had been built successfully with them for years). This eliminated the "shovel ready" part of the program, and actually delayed the construction because projects that were ready to bid were held up to qualify for the Federal dollars.
You know you're losing when you blame "the media" for reporting the things your candidate actually does. Especially when the most popular cable network is a non-stop propaganda machine for said candidate.
Oh so the other 5 “news”channels that have spewed non stop lies are justified because orange man bad? You know you’re losing when Kamala has to hide in the basement because she’s worse than Joe off script. I have eyes and ears and I’ve had them this entire time and the gaslighting is front and center. Nobody is buying this nonsense anymore, Sir. We had 4 years of Trump, no new wars, and democracy was just fine. Come back with some facts, otherwise wake up.
I think the complaint is they only report 1 way. This is ABC, NBC wjicj are public and free channels for everyone. Fox news is a separate category, more inline with comedy central(jon stewart), HBO(john oliver) amd MSNBC. So I think its a valid criticism that they report positively on harris waaay too much
I never miss an appearance of Jeffery Sachs. I actively search him out to get his take on international conflict, foreign policy and economy. He just knows his stuff and he knows a lot. Mearsheimer is an invaluable expert on these topics as well, I’m a fan of both.
All this AI talk for years now and all they can pull out is how we’re going to get rid of customer support. A job that’s already been ran by bots and $5/hr workers in India for years. Give me a damn break
dropping “rich Nigerian prince” jokes like we’re all still checking our Hotmail inbox in 2002. Bro, the only scam here is your sense of humor, which apparently got stuck back when dial-up was still a thing.
JCal: "So what do you do with all the call center workers? Switch them to sales?" Sacks: "Actually I think sales gets replaced by AI next." One thing that keeps coming up in these AI discussions is that no one really has a plan for what to do with all the workers who are replaced by AI. What are these people supposed to do when AI can eventually take the place of millions of white collar workers, and Elon's robots can do most of the physical blue collar work? Leaders need to be coming up with actual plans because it's happening, fast.
Oh great, now there's one more layer until I get to talk to a real person who can actually do anything, now I have to beg the AI to let me through. What an upgrade!!
I do think JCal was right though in that most people would prefer to not have to talk to a human for basic service. For example I recently cancelled a credit card. In the past I had to go through a person who was paid to try and convince me why I shouldn't cancel the card or switch to a different one. It was like a gauntlet. This time, an AI assistant handled it and it was quick and easy.
We all know VC fund owners don't optimize for returning LPs money. they optimize for fee generation for themselves. This podcast should be renamed 4 pots calling all of the other kettles black
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
JD Vance show was outstanding simply based on the IQ power, live shows like that demonstrate hisi grasp of economic and all subject matter. Walz would poop himself and Harris would try to cackle her way of the discussion
Imagine your call center job getting replaced by a bot, and the government's throwing billions to 'fix' rural internet that Starlink's already fixed. It's a comedy of errors-and we’re all watching. we’re all paying for it!
100% off grid rural laptop class worker. Don't even have good cell signal. Starlink is ESSENTIAL! We should get a tax credit for rural folks who pay for their own? I'd buy another water tank or some more batteries for my solar with it. There's your infrastructure baby.
The ending debate between Sacks and JCal, fosters a much calmer and more focused environment, allowing for a highly productive and collaborative dialogue. They seem friendlier
@@StoryThyme100Just another example that it’s not about Trump, it’s about power and control. They hate anyone with influence that stands in their way, elite political, ruling class. Joe Rogan being another example.
@@bobbleheadbob Fitting that I just now started listening to the audiobook Julia, the counterpart to Orwell's 1984. Can't miss the 2 Minutes of Hate. Yes, it's not Trump per say, it's whoever dares to go against the System and all that falls under it's umbrella
Jason nailed it at the end saying that 1% of people are mentally ill. This is understating it if anything. This isn't just some estimate. Then you've got to realize that 1% of those 1% are capable of extreme violence. You can't just keep riling people up with language that could be interpreted by 1 in in 10,000 people as a call to violence because that's what you'll get. It's like how automakers have to do recall when there's a safety issue that could affect 1 in 10,000 cars when there are millions of those cars on the road.
In the debate arena, remove from the networks and back to the original debate folks. No sponsors, no leaning either way. Topics of concern, duke it out.
@15:40 why the disdain from Sacks for competent, productive and reasonably paid professionals? I can tell you that inflation adjusted, I’m only a few %age points above my base-pay 30 years ago and folks like us keep the company functioning.
Fox isn't this smart, though it is smarter than its direct competition (CNN, MNSDAP, etc). More importantly, Fox is more decent than its deranged, degraded competition.
She lied about the gun stuff and isn't moderate on that issue. She said she's right to go into people's homes to check on responsible ownership and called for an assault weapon ban.
These guys are all working towards removing most of the good paying middle class/ upper middle class job. And the "mid" people in the comment thread just keep on hero worshipping them. Its like bunch of cows admiring the steak recipe of a chef.
Respect to Jason at the end for acknowledging that some of Kamala's attacks on trump were not based in fact (bloodbath, good people on both sides,ect) and that they were not fact checked by the moderators. That takes a lot of intellectual integrity.
One of the moderators of the recent debate between Donald Trump and Kamala Harris, Linsey Davis, is a sorority sister of Kamala Harris. Both are members of Alpha Kappa Alpha Sorority, Incorporated (AKA). Harris became a member while attending Howard University, and Davis joined during her time at the University of Virginia. While they are sorority sisters, they joined different chapters at different times and did not know each other personally before the debate
@@DavidSilvaSmith good question. Either way, super ridiculous and if a cat did get eaten, it would still be insanely hyperbolic to make it into a thing on a national stage. So absurd that it would be in a debate. :-) dealing with such clowns.
P. S. And personally, I always want to speak to a live Customer Service representative as opposed to a bot or an AI. I wish you would do a segment on Bothe the pro’s and con’s of AI. I feel that there are more negatives than positives. Thank you!!
idk Sacks Trumps performance really sucked. I know you refer to these things as stylisyic points but it is important to present yourself better. He kept rambling during the debate
@@mwjones46 She is the dumb one but she and the moderators definitely got under his skin. Should not have happened. Did you see her oprah interview? Yikes.
![[Full] 4 ต่อ 4 Celebrity EP.910 | 22 ก.ย. 67 | one31](http://i.ytimg.com/vi/4TR3MVpOiw8/mqdefault.jpg)
![[Full Episode] The Restaurant War Thailand ศึกพ่อค้าซ่าแม่ค้าแซ่บ Episode 1 | 22 ก.ย. 67](http://i.ytimg.com/vi/BuzQ70v-UZQ/mqdefault.jpg)
And the boys are back!
didn't they say a couple of months ago that "AI won't take any jobs, it will 10x you".
and all of a sudden they're saying "AI will take all the jobs from the upper middle class"
just really goes to shows how you can't trust these huys.
Such a great set of insights.. if we don’t get a handle on waste and corruption we will end up like Zimbabwe and Venezuela
I have to admit I’m not very knowledgeable on tech & investing but this podcast is so educational in a sense, it makes me want to dive into the unknown in a positive way. Love the political debate & the overall respect and civility your friend group has for each other. The Summit guests were awesome, they brought a lot of insight & substance. Been listening to you guys for a long time, and appreciate when you all break down certain things to make it easier to understand. My Dad used to say “You’re never too old to learn something new” he was a wise one. Love the show! 😊
Oh my gosh. This is happening in Canada too. Elon answered one of our politicians and said he could give rural people internet at 1/2 the price Trudeau was or probably is giving the money to a Quebec company they say is Canadian. That company is not Canadian. It’s owned by 80per cent Americans. A few Canadians just work there. Canadians are as sickened by tax payer money being wasted as you are in America.
I listened to as many of these podcasts as I could. Really really great ❤ I have become a true fan. Love you guys. You have a gift for interviewing people.
Starlink is the answer for rural internet. The government should contract with them, using their block buying power to drive a hard multi-year contract. SpaceX would make that deal.
@@worldtrav72 do we need to have constant radiation from the satellites though? Just something to think about!
Almost like yapping his mouth all the time is bad for business? Who would’ve guessed?
Difference is you guys will do something about it with an informed citizenry. 🍀I was paying $228 for just cable and Internet! 3rd party billing is an issue...Agents???
I'm surprised we got a show with all the content from the Summit. You guys killed it this week.
More all-in summit clips - they're incredible. Best lineup ever!
I’ve been loving them too.
Agreed!
Yes! Learning so much!!
Mind blowing content from the summit! Glad you boys figured out what to do when you grew up!
Amazing
Love you guys! and YES, the government NEEDS to stop burning Taxpayer money!!
if you keep voting for the same government you think you'll get a different outcome?
Blessings y’all, from this old man in Tennessee. I spent the past 50 of my 68 years automating Americas manufacturing operations. As Dir. of Engineering, I was responsible for the first Li Polymer battery production for Motorola flip phones. I then went on to provide similar hi-volume production lines for LG, Samsung and other international cellphone manufacturers.
In 2005, I was sent to China, where I lived until 2022, post-CV lockdowns. My question is…when will we ever revive “MADE IN USA” manufacturing. Who capitalized on computer controlled machines, the Engineering required to optimize production operations, robotics and AI monitored and assisted manufacturing. Cheap/reasonable labor is growing more available even here in the US. Do we still have enough Engineering and Science students, teachers and workers to grow our manufacturing prowess again.
Trump not granting VISA renewal or issuing Green Cards to best and brightest under the premise of Pandemic gave US a true brain drain.
My small world in Central Texas sympathizes with JCal question to Sachs regarding mid engineering trained and educated labor. I do see government Rescue, IRA and CHIPS influx changing the landscape and services for the well off entrepreneurs being on the uptick . Of course just a spectator unlike you in your career. Appreciated the thoughtful post. 🤓
Do you think taxpayers should pay for school savings accounts (vouchers)?
Public schools certainly are asked to do a lot these days in a child's total well being. Is there room and time for Teaching STEM subjects?
Teachers didn't get a raise in my state. Only retirees.
@@jannichi6431bull. Cheap labor vs smart labor - big difference. We need to rehaul entire immigration process. With AI, we likely won’t need many people and can automate and bring in lot of manufacturing, software and engineering jobs. We need very few super smart people. It is a golden era for USA, if done right. China is already moving that direction unfortunately they have high population.
TH-camr Peter Zeihan says YES. First, because of the shale revolution in energy, intensive chemical businesses like BASF are moving here. As are petroleum processing plants that use nat gas as base stocks. Secondly, he notes that the reshoring of manufacturing in such fields as textiles and fashion is returning here because post-Covid year experiments in doing so, to, say, North Caroline, have proved this to be efficient with machine learning led automation. Back to completing agains the “cheaper and cheaper” labor model.
"I'm not worried about the hollowing out of the class that makes up 97% of our listenership" - David Sacks
That really pissed me off too. I fall under that category, and I generally like hearing from Sacks. But I wonder where that sort of disdain comes from with him. I just know he wouldn't say it to my face. His class will get hollowed out with us. He might think that he has a safety net, but if the upper middle class falls, so does the economy and everything underneath him and his investments. I grew up poor, and know how to do it. Can you say the same, Sacks?
Glad to be part of the 3%
Yeah, WTF…& no challenge on that from JCal or Chamath. Maybe he wants a world like Asimov’s “The Naked Sun”, but that will be ages after he’s gone, if ever.
Me too. That was a seriously dickish comment.
Haven’t been here long, but starting to see the criticism against Sacks. Dunno, maybe he’s just less guarded, more transparent about it.
Summit was great guys. Thanks for sharing !!
This is the only show I never miss
A running list of government waste is a great idea, JCal! Someone needs to expose this!
Senator Rand Paul actually releases an annual "Festivus Report" listing out many specific instances of wasteful government spending. Last year's Festivus Report estimated $900 billion of tax dollars (largely funded by debt monetization) were wasted in 2023
It all makes sense when you admit that someone is lining their pockets at the expense of the taxpayers. Time to vote and change this.
With the Fed cutting interest rates by 50 bps, what do you think will happen to the stock market? My portfolio has performed exceptionally well this year, but I am concerned about the possibility of a market crash and losing my gains.
This rate cut will a create new buying opportunity, but given the current market uncertainty, have you considered consulting a financial advisor? They can provide personalized strategies to help protect your investments and maximize returns.
Over $6 trillion is in money markets earning high interest, but Fed rate cuts will push this money into equities. A crash/recession can be discussed after that shift. My financial advisor has helped me understand the market, gaining 25% this year under her guidance.
I’ve managed my investment portfolio for 10 years. Initially, it performed well, but recently, it has been losing money. I need to find a way to stop these losses and start seeing growth again. How can i reach this advisxr?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria
Wow!! her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you.
I don't know if you guys read these messages but I thought this years summit was fantastic; it gets better every year. I find the content you 4 put out along with the distinguished panel of guests is really helpful in understanding these complicated issues. It also doesn't hurt that you are hilarious at times. Keep up the good work gentlemen! PS -( I'd love another tweet beef..)
thank you for bringing us some of the most valuable conversations on the internet right now
For sergey brin alone Kudos to friedberg summit was amazing . Thanks and good job 👏
Don't always agree with your takes, but you guys (and team) have done a phenomenal job building out this pod/media company. Truly inspiring stuff seeing you eat your own dog food...even if that dog food is caviar 😄
Finally, the besties are back 🎉
Agree about the Mearsheimer and Sachs being superb!!!
The summit was insane. The besties lived up to their name!!!
I loved all the clips that I have seen. Sachs Mearsheimer was my favorite as well.
I've seen almost all of the summit clips and they are fantastic.
I've watched almost all of the cuts from the Summit. Great content! I've noticed that Chamath is an excellent interviewer!
We need behind the scenes of the All-In Summit bonus content!
My wife is an Urban Planner, she says the reason the government fiber project is likely so slow, is because any projects funded with federal (and some state $) or permits will trigger automatic NEPA and/or SEQR environmental reviews which unfortunately can take years. There has been some effort to streamline the process for certain types of projects, but still a lot of room for improvement. The government procurement process is also extremely tedious and time consuming.
Yes this is true. But to that point there has been broadband infrastructure funding from Obama era that’s still making its way through. That said, my parents farm now has 8Gb fiber. Yes, 8Gb. Starlink is ok but it’s not actually that stable for remote tech jobs for example. I’m not saying it’s necessarily worth the cost, but it was fairly effective
So you're saying the Dems created the quicksand that the Dems are trapped in.
this needs to be higher up
Meanwhile starlink has already solved the problem yet they can’t swallow their pride enough to find a way to make a deal. This is why I struggle to trust the current administration to deal with hostile foreign actors. If you can’t deal with a troll how you gonna deal with a totalitarian state.
@@CDX7 do you need hi speed for anything but hi-def video? Ping rate below 1 sec, is ok for anything but stock trading.
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Not sure if you guys read the comments but it’s almost comforting listening to your pod every Friday and hearing rational discussion about important issues. And then knowing some of you disagree with each other and you can all still be friends in the end, is the cherry on top. America needs to get back to this. Bravo 👏
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
True, I always emphasize the significance of having an advisor. This has kept me afloat since the covid-19 outbreak and as of today, I'm just about 10% shy of my first million dollar after subsequent investments.
@@chadgriffith1969 nice one! who is the professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
nice one! who is the professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
insightful comments, curiously searched Annette Louise Connors on the web and at once found her page, no bs! she seems impeccable..
I live in rural Arkansas we still dont have any land lines or affordable internet..DISH network takes advantage charges a fortune..been trying Chamber of Commerce for years for help still nothing..so i totally believe government is lying about helping.
Sounds like a great opportunity for someone to start their own over the air internet company.
> Arkansas
There's your issue then. My entire county in Iowa got fiber within a year of the announcement through a local co-op.
100% real people wanted for my customer services .
Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in April 2024..
I would really love to know how much work you did put in to get to this stage
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Alesia Haas you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Alesia Haas is also my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Alesia Haas, has been an amazing experience.
I'm favoured, $30K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to this same Alesia Haas.
Consider Glenn Loury as all in guest. Fits in the category of “should be more known” as an accomplished economist and conservative thinker with excellent nuance in his social issue perspective.
Agree, he is an economist with a clear view on social issues
Disagree on the AI call center that people want “the answer quickly “ from a bot. I will frequently end up going with service x vs y solely based on the fact I was able to quickly reach a human being that could speak to me with a baseline of competence on the service.
Much like the WFH discussion, it’s the only time I get disappointed by the besties. It’s not their fault, they are just completely disconnected from reality.
The key words being: base competence. And AI is quickly gaining ground.
Disagree. CSRs can’t even answer simple questions or perform the most basic tasks anymore. It’s unacceptable.
1) There is a portion of the customer base that always messages or calls Customer Care INSTEAD of finding the information they need on the company website. AI bots will eliminate these interactions with human agents. That's a win for AI use.
2) If it is a straight forward transaction, then it is ALREADY being handled through a portal on the company website or a mobile app. AI wasn't needed for that.
"I don't want to talk to a human to change my flight." I get it. You didn't think this comment through because you were riffing and trying to hype this up.
"Kicking it up to a Tier Two rep" is what happens now for transactions that are too complicated to be handled online or with a chat bot.
Complex situations involve a review of the account history. What will it cost to have AI "reason" through that? Is this really cheaper and easier than an offshore phone agent that manually bounces between a bunch of applications?
Instant language translation and accent neutralization is a reality with AI. That's the real impact of AI in the contact center space. This enables offshoring to poorer countries than India at lower billing rates. WIN?
And lastly, irate customers want to yell at a person. They also want discretion used in handling their escalation.
If you are keeping around a skeleton crew of Tier Two agents and spending more money on additional IT infrastructure then I don't see the point.
AI customer service is waaaay better then human. way better
Chamath licking his lips to rip off retail investors again!!
This unbelievable incompetence by the federal government results in billions of wasted taxpayer dollars.
Chamath is correct about Elon Derangement Syndrome. I am not even a fan of his trip down the conspiratorial right-wing political rabbit hole... but it is insane for the govt to sacrifice the rural people who they supposedly want to help, not to mention the billions of taxpayer money, because they refuse to work with the guy who could actually solve the problem.
I am a fan of his trip down the conspiratorial rabbit hole. What do you think he is wrong about? Do you think that the world’s richest man and clearly a one in a million genius is wrong about his outlook on society? If so would love to hear some examples, truly.
There's a very long list of things Elon Musk has been wrong about. These are all direct quotes from him of things he was wrong about I picked out of a post that has literally hundreds of them
“I feel very confident predicting autonomous robotaxis for Tesla next year (2020)."
“probably close to zero new cases” of covid-19 in the U.S. “by the end of April. (2020)"
“In ~2 years, summon should work anywhere connected by land & not blocked by borders, eg you’re in LA and the car is in NY"
"SpaceX will take CO2 out of atmosphere & turn it into rocket fuel."
"Speed will double to ~300Mb/s & latency will drop to ~20ms later this year" (In reference to Starlink, back in 2021)
The list goes on and on.
Ofc he has a lot of merit but even inside the domain of his companies his been very very wrong before. Being good at start-ups and innovative ideas doesn't mean you know everything.
Freidbergs founder mode gives him the munchies 😂😂😂
Do they ever discuss what the displaced workers are going to do? I can’t imagine a call center worker has many options.
luckily AI can teach
The market will come up with companies designed to retool people
@@Aedonius that sounds hopeful given how many people could be out of the job in such a short period of time.
I think this needs to be discussed more. I think the wealth gap will be further aggravated by the rise of AI, and I think the main problem will just how quickly AI tools take over. Humans take longer to learn skills, retool, and pivot to new ventures. I know my parents struggle, and when I was very young with few skills it was a struggle. Now I'm an engineer and successful, but I'd hate to be too young or too old when AI starts taking over those easy tools. Again, I think it's that the rate of improvement of humans is very different from the AI tools.
@@vladimirleon2487 that’s the point I was eventually getting to. Not everyone has the time or the intelligence to keep shifting between skills and up and coming careers like front line workers will be doing in this situation. I’m sure some could learn harder skills but that would be what, 30 to 40% best case scenario?
I don’t believe it. It’s an excuse to lay off people while claiming innovation. Every AI “call center” equivalent I have interacted with has been terrible.
Can a person react having survived 2 assassination attempts? He is still human. The level of risk is off the charts.
History Lesson - Remember "Shovel Ready Jobs"? They spent almost 2 yrs writing the "requirements" for the "acceptable design criteria" before any projects could be bid because the existing FHWA and DOT weren't "good enough" (although projects had been built successfully with them for years). This eliminated the "shovel ready" part of the program, and actually delayed the construction because projects that were ready to bid were held up to qualify for the Federal dollars.
✅️
You know you're losing when you blame "the media" for reporting the things your candidate actually does. Especially when the most popular cable network is a non-stop propaganda machine for said candidate.
Main stream media sucks.
Oh so the other 5 “news”channels that have spewed non stop lies are justified because orange man bad? You know you’re losing when Kamala has to hide in the basement because she’s worse than Joe off script. I have eyes and ears and I’ve had them this entire time and the gaslighting is front and center. Nobody is buying this nonsense anymore, Sir. We had 4 years of Trump, no new wars, and democracy was just fine. Come back with some facts, otherwise wake up.
I think the complaint is they only report 1 way. This is ABC, NBC wjicj are public and free channels for everyone. Fox news is a separate category, more inline with comedy central(jon stewart), HBO(john oliver) amd MSNBC. So I think its a valid criticism that they report positively on harris waaay too much
Don't let them hurt your faith in your political religion.
It does seem that Sachs doesn't think FOX is a part of the mainstream media. :-)
First, Friedberg, then Chamat. I expected a post-credit solo by Sachs saying MAKE AMERICA GREAT AGAIN!
LOVE LOVE Love the idea of the “wasteful spending” list on the all in podcast. Everyone need to know about them if we want it to change!!
I never miss an appearance of Jeffery Sachs. I actively search him out to get his take on international conflict, foreign policy and economy. He just knows his stuff and he knows a lot. Mearsheimer is an invaluable expert on these topics as well, I’m a fan of both.
All this AI talk for years now and all they can pull out is how we’re going to get rid of customer support. A job that’s already been ran by bots and $5/hr workers in India for years. Give me a damn break
Agree. AI way over hyped
✅️
Found the guy that's gonna get left behind by AI
you can literally create video games now by voice via AI.
Id recommend that you educate yourself in the area.
On much of the wastful spending, need to just cut the programs. Also even cancel the 'Inflation Reduction Act', sigh.
Please make a short clip about that 50 bill gov plan for internet and charging stations.
- such a epic example of gov waste , I need to share this.
I second this
call it All-In Bits
Yes please!!
How will the rich Nigerian Prince be able to get back to his palace, if the AI call centers replace him?
😂
dropping “rich Nigerian prince” jokes like we’re all still checking our Hotmail inbox in 2002. Bro, the only scam here is your sense of humor, which apparently got stuck back when dial-up was still a thing.
@@whogonnacheckmeboo You sound like a TON of fun.
I would highly encourage anyone who really wants to understand the 50 basis point cut to watch Jeff Gundlach’s Doubline recent video on exactly why
Search “1984: Jeff Gundlach’s Macro Outlook” or something like that…
Chamath is GLOWING!!!! 😂 Love it!
his hair look bad tho
Hair looks fine, stop hating bruh
JCal: "So what do you do with all the call center workers? Switch them to sales?" Sacks: "Actually I think sales gets replaced by AI next." One thing that keeps coming up in these AI discussions is that no one really has a plan for what to do with all the workers who are replaced by AI. What are these people supposed to do when AI can eventually take the place of millions of white collar workers, and Elon's robots can do most of the physical blue collar work? Leaders need to be coming up with actual plans because it's happening, fast.
The show must go on!!
4:44 😂😂😂😂😂 absolutely love how honest and tactful you all are with each other.
I just got to this part and cracked up
@@irona7054 That's a major reason I tune in
I appreciate the calmer political discussion between Jason and David at the end.
... agree, it was getting too testy & arching towards dogma by both. Much better this time ...
I'm here so early, this must be what getting in on a early stage round feels like
Love the Summit videos, great job everyone
would you be interested in a more personal video with the hosts ?
Founder mode jokes never get old 😂🤣😁😎Like Uranus joke to be honest even better 😂😅❤
There's a place for low accuracy law AI. A shoddy lawyer at $100 is better than no lawyer at $10,000.
Good point
The government, over time, need to be separated from the economy.
That is not cannabis behind Freedburg…potatoes
I’ve been refreshing my feed today waiting for this episode to drop
Oh great, now there's one more layer until I get to talk to a real person who can actually do anything, now I have to beg the AI to let me through. What an upgrade!!
I do think JCal was right though in that most people would prefer to not have to talk to a human for basic service. For example I recently cancelled a credit card. In the past I had to go through a person who was paid to try and convince me why I shouldn't cancel the card or switch to a different one. It was like a gauntlet. This time, an AI assistant handled it and it was quick and easy.
Have you talked to open ai voice on your phone or pc? I’m genuinely curious
The $50b waste on rural internet and charging stations should tell everyone just how incompetent our government truly is.
Chamath is looking absolutely BAKED lol
This country is already bankrupt.
Only financially and morally.
We all know VC fund owners don't optimize for returning LPs money. they optimize for fee generation for themselves. This podcast should be renamed 4 pots calling all of the other kettles black
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
YES
CAMALA was in charge of
RURAL BROADBAND,
WELL DONE
😂
Interestingly, JCal and Sacks discussing the election segment alone was far more respectful both ways than when all 4 are on.
JD Vance show was outstanding simply based on the IQ power, live shows like that demonstrate hisi grasp of economic and all subject matter. Walz would poop himself and Harris would try to cackle her way of the discussion
This episode is the most informative episode, will need to review multiple times.
Thanks guys
Funny to see how audience capture is happening in real time… praying for Friedberg
Rich guy syndrome on steroids, 65 percent of people are pinched hard on prices
Elon paid back the loan from the government early, with interest, and actually had to pay a penalty for paying early.
Imagine your call center job getting replaced by a bot, and the government's throwing billions to 'fix' rural internet that Starlink's already fixed. It's a comedy of errors-and we’re all watching. we’re all paying for it!
100% off grid rural laptop class worker. Don't even have good cell signal. Starlink is ESSENTIAL! We should get a tax credit for rural folks who pay for their own? I'd buy another water tank or some more batteries for my solar with it. There's your infrastructure baby.
The ending debate between Sacks and JCal, fosters a much calmer and more focused environment, allowing for a highly productive and collaborative dialogue. They seem friendlier
Here for it!
first!!
Yes, my family members have "Elon Derangement Syndrome". Along with TDS
@@StoryThyme100Just another example that it’s not about Trump, it’s about power and control. They hate anyone with influence that stands in their way, elite political, ruling class. Joe Rogan being another example.
@@bobbleheadbob Fitting that I just now started listening to the audiobook Julia, the counterpart to Orwell's 1984. Can't miss the 2 Minutes of Hate. Yes, it's not Trump per say, it's whoever dares to go against the System and all that falls under it's umbrella
Yes, keep giving the village elders their voice. Their truth cuts through the BS.
Chamath is glowing ✨
Is that why customer service is going down the toilet lately?
Most call centers are from voices of people that are overseas like India and Philippines.
Jason nailed it at the end saying that 1% of people are mentally ill. This is understating it if anything. This isn't just some estimate. Then you've got to realize that 1% of those 1% are capable of extreme violence. You can't just keep riling people up with language that could be interpreted by 1 in in 10,000 people as a call to violence because that's what you'll get. It's like how automakers have to do recall when there's a safety issue that could affect 1 in 10,000 cars when there are millions of those cars on the road.
Wow Chamath - what an awesome take - we don't know if $50 million is a lot of money for the government anymore - we have all become so desensitized.
50B!
50 BILLION
vote trump kamala is a joke
Really appreciate Jcal and Sacks staying on and having a really reasonable discussion. It's a side we love to see
"Friedberg's founder mode is hitting a bong" 😂😂
You are awesome for letting the smart voices of mearsheimer and sachs on your stage!
It's quite intriguing that none of the speakers at All-In Summit express support for Kamala and her policies..
😉😹
Do you really think Sacks would allow that kind of guests?
@@einerus why wouldn't you invite a clown to a picnic?
Bari weiss. Neocon stenographer/toadie.
They were probably invited, but declined to come and try to provide a balanced view point. Half the pod is democratic.
In the debate arena, remove from the networks and back to the original debate folks. No sponsors, no leaning either way. Topics of concern, duke it out.
@15:40 why the disdain from Sacks for competent, productive and reasonably paid professionals? I can tell you that inflation adjusted, I’m only a few %age points above my base-pay 30 years ago and folks like us keep the company functioning.
Yeah that’s probably most listeners lol
How many moves have you made
because you still work at the same job even if they continue to underpay you he’s an executive you can’t expect him to think like a worker
Freudian slip?
Or he doesn't think that is a concern as that group of people is able to adjust and adapt.
“Look at this wasteful government spending” How about the obvious corporate graft? They both deserve criticism.
This is like listening to Fox News politics coverage
Fox isn't this smart, though it is smarter than its direct competition (CNN, MNSDAP, etc). More importantly, Fox is more decent than its deranged, degraded competition.
She lied about the gun stuff and isn't moderate on that issue. She said she's right to go into people's homes to check on responsible ownership and called for an assault weapon ban.
These guys are all working towards removing most of the good paying middle class/ upper middle class job. And the "mid" people in the comment thread just keep on hero worshipping them. Its like bunch of cows admiring the steak recipe of a chef.
Respect to Jason at the end for acknowledging that some of Kamala's attacks on trump were not based in fact (bloodbath, good people on both sides,ect) and that they were not fact checked by the moderators. That takes a lot of intellectual integrity.
One of the moderators of the recent debate between Donald Trump and Kamala Harris, Linsey Davis, is a sorority sister of Kamala Harris. Both are members of Alpha Kappa Alpha Sorority, Incorporated (AKA). Harris became a member while attending Howard University, and Davis joined during her time at the University of Virginia. While they are sorority sisters, they joined different chapters at different times and did not know each other personally before the debate
Somebody needs to be fact-checking Sacks.
thanks for this. what about the thing about the moderators wrong on fact checking trump. Was that accurate?
@@DavidSilvaSmith good question. Either way, super ridiculous and if a cat did get eaten, it would still be insanely hyperbolic to make it into a thing on a national stage. So absurd that it would be in a debate. :-) dealing with such clowns.
I can’t wait until I can tweak my custom service bot:
- male voice
- American accent
- lower voice
- gay vibe = zero
- vocal fry = zero
10/10
P. S. And personally, I always want to speak to a live Customer Service representative as opposed to a bot or an AI. I wish you would do a segment on Bothe the pro’s and con’s of AI. I feel that there are more negatives than positives. Thank you!!
idk Sacks Trumps performance really sucked. I know you refer to these things as stylisyic points but it is important to present yourself better. He kept rambling during the debate
She kept baiting him and he kept taking the bait. And she's the stupid one? It's just absurd on it's face.
@@mwjones46 She is the dumb one but she and the moderators definitely got under his skin. Should not have happened. Did you see her oprah interview? Yikes.
Absolutely LOVE this channel. I’ve watched every single interview guys. Keep it up the chemistry between you guys is found really few other places! 👊