E20: Robinhood wrap up, Insiders vs. Outsiders, California's failing report card & how to fix it

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https://linktr.ee/calacanis
/ davidsacks
/ friedberg

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Intro Music Credit:
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/ yung_spielburg

Intro Video Credit:
/ mikesylvan

Referenced in the show:
The Insiders' Game by David Sacks
https://www.persuasion.community/p/th...

ABC News - CA EDD admits paying as much as $31 billion in unemployment funds to criminals
https://rb.gy/g8uwfj

Forbes - Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion
https://rb.gy/5bhfsf

Rescue California - Recall Gavin Newsom
https://rescuecalifornia.org

Show Notes:
0:00 Wrapping up the Robinhood situation: major lessons learned, Elon’s Clubhouse interview with Vlad, is the cash infusion to Robinhood a trade of the year candidate in 2021?
20:21 Understanding short positions - why do firms short, more transparency & margin requirements
26:08 Sacks on the growing insider vs. outsider theme in politics & finance, importance of institutions in chaos
31:45 Breaking down California’s report card, why the state is such a mess, what structural problems plague it & how to fix them
1:02:04 Chamath’s Aziz Ansari story, Governor potential, top ways to save California

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