Limited time: get up to 16 free stocks when you open an account with moomoo and make a qualifying deposit. Use link j.moomoo.com/00iPZo

When someone feels the need to verbally insist on their altruism, it's a pretty safe bet that they're not altruistic at all. Same goes for pretty much all virtue signalling.

People are very good at rationalizing their own greed

This guy mastered the art of the humble brag. I used to admire him, then I started watching a lot of his interviews, that was when I got the unshakable feeling that this guy loves to talk a lot about himself.

Brown skin is about the only thing he shares with some restaurant staff 😂

Chamath should be investigated for crimes regarding his SPACs. He made hundreds of millions while individual investors were left holding the bag.

Rich people doing altruism is just PR in 95 % of the cases. Like that one company who spent 100x more on advertising that they donated money than the donation itself

His silence during his native Sri Lanka's financial collapse speaks volumes about his character.

At the time it always felt so obvious this guy was completely in it for himself. I never understood why people were so excited when he bought GameStop stock, he was always in it for a quick pump, not anything beyond that.

Its a shame so many millenials worship Scamath like he's the messiah of capitalism 😂

Love the direction where this channel is going. Moving from how the markets are doing to deep dives into corporate failures and frauds. Keep it up!

How is he not arrested for stock market manipulation?

Chamath has fleeced more people than almost any other person on the planet. Excellent accurate video.

6:36 "just to be anonymously generous like that"😂. Says the guy boasting in front of an audience

He is the biggest swindler, I’ve always found him insufferable.

And now he’s got a popular podcast to con even more people

Excellent look at this situation. The question I have been asking myself since I started following the FTX tragedy is "When was the altruism going to start?" How rich, and how much did SBF have to spend on himself, his family, his cronies and on promoting FTX before any significant amount of money at all would go to altuistic efforts?

I have no sympathy for people who follow "finance gurus" and "invest" their money based on what they're doing or what they say. The stock market isn't a team sport. Nobody cares about you making money. If you approach it like you are playing a game of soccer and "we're all in this together", you will be taken advantage of. In a way, you deserve to be taken advantage of.

I think there are two main problems with effective altruism. 1. It's not altruistic, not even a little bit. 2. It doesn't seem that effective either, given he's currently in jail awaiting trial. Apart from that, it's golden.

I doubt many people genuinely believed in his charity. By the time he came around, the only people that hadn't muted crypto scammers were other crypto scammers

I fell for one of his spac scams. Its always the crook you dont see coming that gets you.

If you live in Silicon Valley you've heard this trope so many times that it's a broken record. It doesn't take long to catch onto the pattern that it's all an act so that you'll socially accept them. I hear it probably 5-7 times a day.

Owning a $75M private jet is all the evidence you need to know he isn't interested in helping people. Also, in regards to the large tips he says he gives. Not only is he bragging about it at interviews, he's also with people at the restaurant who get to see what a "generous" guy he is.

oh my god what a humble guy 😮 🤦‍♂️

Chamath and altruism don’t even belong in the same sentence. I sincerely hoped no one truly believed him that it was more like the situation inspiring hope

Chamath might be one of the biggest drifters behind SBF today.

He laid out his master plan to get into the Club of 150. How does he expect to get in now? Even if they exist, they would block him.

Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...

His ego is even more inflated now due to the popularity of the all in podcast.. funny they never talk about his SPACs on there even though the show is focused on VC’s and the business world. The one time they addressed a tweet someone made calling him out on it, he basically called the guy a loser and his defense was “hey, I’m out there trying new things, what the hell are you doing with your life”.. then said bag holders were morons for not selling when he sold. The guy is insufferable.

THANK YOU!! I have thought the same for years and roll my eyes when I hear him talk.

Anyone that's ever bragged about them tipping well has never tipped well.

Great parallel, WSM - thank you!!

Its funny- the interview he’s giving at around the 10 minute mark, if you really listen to what he’s saying, and the tone of his voice, he’s telling the audience exactly who he is and what he’s about. Money. And he wants enough money to be able to bend the world to what he wants, and you can tell by his body language and inflection that its selfish motives and desires, nothing else.

He gave thousand dollar tips with his customers money, to play bigshot. What a hero....

i remembered hearing him preaching on all in pod about how retail investors should be allowed to invest in private companies (sort of the down the line of why he brought companies to ipo by spac) and hinting about democratizing the investment world or like lower the entry barrier or whatever. i was just straight up dumbfounded. Im from VC industry and know very well how much info we would need to gather via back channeling, ref call and personal connection to make a decision to invest in a private company due to limited public info and its a very difficult job even for institutional investors...

What a great video. You calmly call out these creeps who are deceiving the public to line their own pockets.

WSM, your videos get better and better. This video is particularly good. Thank you.

finally someone speaking the truth about the pump and dump trickser. thank you

his interview is wild, giving himself praise for anything

I witnessed him boosting a company that he was selling his stake in. The company tanked but he was out with his money. He was also cheering on the Reddit crowded when they were buying meme stocks knowing they would fail and lose all their money.

Corporates are obligated to engage in altruism to get a better image or to get better results. They wouldn't do it if it was anonymous.

The truth is Finally out

This reminds me of a quote from Mr. Show: "Charity is when you do something for people while other people are watching."

I've learned so much from this channel.

Ultimately, in the end, the problem with "effective altruism" is that the majority of the problems in the world is caused by those like Chamath working to make as much money as possible, more money than ANY human ever actually needs. The accumulation of wealth is the direct cause of the very problems that people like Chamath claim they are accumulating all of this money to stop, thus perpetuating the problem. Ultimately, effective altruism is nothing more than wealthy people trying to alleviate their guilt around their desire to acquire more and more and more money and the real harm that they KNOW it is causing. It's not about making things better, it's about making themselves FEEL better as well as working to justify why they should be allowed to continue to do so instead of having the money ACTUALLY being used to solve the problems of the world by never being given to them in the first place.

I would love to see a correlation of people who formerly described themselves as philanthropist and now altruistic. These terms seem to just be tag words to posture. One the former and one the current

Wall Street Millennial! Keeping 'em honest.

Do not trust anyone if they say they are not in it for themselves. I am a father and husband. My primary focus is my family’s security and happiness.

How people can't read through these sociopaths is beyond me.

Someone being altruistic in the stock market or in finance? Thats like claiming to be a pacifist boxer.

Corolla and a private jet

great vid as usual keep em coming

WSM, you’re closing in on Coffeezilla level. Kudos!

Your content is fantastic and I respect the work you put in to this. Easilyyy my fav business channel. Figured after binging enough of your material, I’d leave a comment ;) Wish you all the best my friend. God bless

I just could not like this post enough. Really one of your best

Chamath is still an ALL Start. His bets on Bitcoin, Amazon, Tesla & others all did well. ALL the SPACS went up 200-700% up in gains than up to the investors to sell or hold. Still has good advise. SOFI & OPEN will still become top companies in its industries

haha, i love your hit pieces on Chamath. He is a chameleon, you cant just listen to him. Its so easy to get fooled as he is a very good talker. But see what he says between the lines, look how he is when he is not trying to convince somebody about a topic and watch his moves on the market. Thats the real Chamath.

🎯 Key Takeaways for quick navigation: 00:01 📰 The video discusses Sam Bankman-Freed's court case and the alleged deception behind his effective altruism persona. 00:16 💡 The prosecution aims to reveal that Bankman-Freed's public image of effective altruism was carefully constructed and contradicted by evidence like his appearance and lifestyle choices. 00:30 💰 Bankman-Freed strategically presented an "ugly" haircut and opted for a modest car to align with his effective altruism image, but allegedly spent lavishly on personal real estate, casting doubt on his charitable intent. 00:56 ⚖️ Bankman-Freed's alleged actions could result in a lengthy prison sentence, underscoring the severity of the charges against him and potential consequences for his fraudulent activities. 01:23 💸 The video transitions to critique Chamath Palihapitiya, accusing him of leveraging his followers to profit from SPACs while his retail investors suffered significant losses. 01:38 📉 Chamath Palihapitiya is accused of promoting multiple companies via SPACs, resulting in substantial losses for retail investors while personally profiting through various means, highlighting questionable ethics in finance. 02:36 🏦 The video promotes regulated and trustworthy brokerages, emphasizing the importance of investing wisely to avoid financial disasters like the FTX case and Chamath Palihapitiya's ventures. 03:36 🧪 Chamath Palihapitiya is portrayed as an individual driven by the desire for wealth and influence, ostensibly contradicting his proclaimed altruistic goals, prompting skepticism about his true intentions and authenticity. 05:13 🌍 Chamath's alleged desire to change the world and gain influence is depicted as delusional, with doubts raised about his ability to achieve such lofty ambitions and concerns about potential misuse of power. 07:32 💸 Chamath's actions and statements are scrutinized for inconsistencies, revealing potential self-serving motives that conflict with his public altruistic image, leading to questions about the sincerity of his intentions. 10:42 🌟 Chamath Palihapitiya's aspirations to influence the world through amassed wealth are criticized as unrealistic, highlighting concerns about his delusions of grandeur and potential exploitation of his followers. 11:38 🧪 The video urges skepticism when individuals emphasize altruism or world-changing motives, cautioning that such claims may serve personal gain and emphasizing the need to discern true intentions in financial matters. 13:29 💼 Chamath Palihapitiya's contradictions in actions and statements, such as rapid share dumping and self-centered goals, are exposed, urging viewers to critically analyze public figures' professed ideals and actions. Made with HARPA AI

5:44 Ah good, he's a race hustler as well....

Really went All In on this one!

This is called sociopathy (often grouped with psychopathy).

This guy loves the sound of his own voice

Scamath absolute scrub lmao he's a former Facebook executive what do you expect.

It would be awesome if Chamath responds to this on his All-in Pod! 🤞🤞

We all know SPAC's IPO is VC last step to milk retail. Bet Chamath will not reveal that. Nice hit piece.

Holy shit man you came out swinging with that haircut line and never let up

Chamath at Stanford sounds like me at Thanksgiving dinner telling my family about crypto

I admit I did get caught on clov. I had to bag hold it for months, but I got lucky with another pop and got the hell out. Looks like it's less than a dollar now. I did receive a postcard about a class action settlement a month or so ago too. Never touching a SPAC again unless fading it.

good research done. keep up your good channel content

you probably wont hear about someone who is truly altruistic directly from them or until much after their altruistic work

I like that you lowkey put Nas's photo with SBF they both deserve each other

Chamath? Benevolent? Damn his nickname is literally "The Dictator"

I would love to see a video on Sam Altman next

00:09 Sam Bakman Freed's effective altruism was a carefully constructed lie. 02:10 Chamath dumped his shares early and deceived his followers 04:13 Chamath criticized his former professions to bolster his public image and expose corruption. 06:22 Chamath presents himself as selflessly generous by giving large tips, but there may be underlying motives. 08:18 Chamath's desire for money is connected to gaining the trust of investors and customers to defraud them for personal enrichment. 10:23 Chamath's delusional worldview and desire to be one of the 150 people who control the world. 12:26 Chamath wants to grow a business for 7 to 8 years to make a real impact. 14:36 Chamath portrayed himself as an altruistic investor, but he actually used his public image to gain influence and make money. 16:44 Chamath profited $750 million from his SPAC while his retail followers lost billions of dollars. 18:30 Chamath's altruism is often a lie. Crafted by Merlin AI.

Sadly...everything mentioned about Chamath in this video is quite common in the fund management industry. I really appreciated the personal bio and family background Chamath gave during an interview bc its the story of an immigrant underdog. But I then noticed he delivered this background info VERBATIM in a number of interviews. It makes sense actually. While I believe his facts are true, it is a hand crafted message designed to evoke certain emotions.

Kudos for this video !

He is in the arena

Love every minute of it

Thanks info boss

yeah, i remember my coworker at IGS (construction welders) he was investing in clover big... i told him to sell it but he didnt until it was too late

I just knew this guy was a slimeball. I knew very little about him, but he just gives off that vibe.

I'm glad someone's finally calling out this scumbag

I wouldn't go that far. There are people who genuinely want to make the world a better place, but they're not wealthy. And there's billions of people who give to charity in one way or another, with no one knowing about it except the tax department. The difference with someone like Chamath Palihapitiya or Sam Bankman Fried is they want to promote the idea that you can make the world a better place and make yourself rich at the same time. That takes away money that could have been donated to real charities or good causes and diverts it into the pockets of grifters. But regardless, thank you for another excellent video! I don't know how you guys do it, but your content is always really interesting and educational.

This channel is the cream de la cream of youtube. You rock

Amazing video

Excellent!

Wherever someone is telling you to sacrifice, they’re probably collecting your sacrificial offerings.

Isn’t that illegal? To tell investors a lie in order to get them to invest? Where is the SEC and Department of Justice? Asleep on their jobs as usual!

Chamath is not a self-made man, just a lucky man..

Dang, wasn't expecting a hit piece.

Finally somebody sees what I saw of him many years ago.

Excellent video

He should tip DSP. Phil needs that money, he really does.

I remember that interview! Good to shine your light on him... Thanx. He's a creep.

Thank you for pointing out this fraud. I wasn't aware of what this guy was doing. Thank you for pointing out the truth.

You all got the Kraken ad? How are they paying for those when they're bankrupt? It's not like their staking business wasn't just shut down with heavy fines

true "altruism" is done where few, if any people find out what you gave or did until after your are dead

True charity is done without accolades or with a need for attention. So many dirt bags hiding behind FAKE virtue.

Why cant someone be very rich, want lavish things in life and at the same time be a generous person? Not speaking of Chamath in particularly, but there can be people who can do it all.

Who would've thought :)