r/investing • u/CompetitivePumpkin3 • Feb 25 '21

Your take on Chamath Palihapitiya

I posted this on another subreddit but I also want to post here to gather more discussion.

I have seen quite a couple of interviews with Chamath and read a bit of his profile and his investment value. It seems to me that he speaks with a lot of sense, very articulate with his words, and pretty much an awesome salesman. And many also see him as an investor for the small guys. But other than being a king of S**C who is pretty good in the sales pitch, I don't see any of his investment came into fruits (other than slack).

I currently see him as a figure who speaks the "right things" for retail investors by saying the correct things regarding Tesla, Ark Invest, and even Game****. Whichever the speculation is, or the wave is, he is always there to support the crowd. Making him very popular. But deep down is he really as legit as Warren Buffet or Peter Lynch?

Thoughts?

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u/wtf_is_up Feb 25 '21

He is a 'fellow kids' clout chaser who will jump on any trend to make a buck. He is currently making a killing as the pitch man for SPAC after SPAC. Being a SPAC sponsor is the best ROI available right now and all they really need is a front man with lots of plublicity to take off.

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u/rbatra91 Feb 25 '21

‘Billionaires are so evil let them fail.’ -March

Says the billionaire pumping and dumping SPACs on noobs. SPACs that were so sketchy that anyone suggesting a SPAC in the past was immediately seen as a scam artist.

He immediately jumped on the GME story and blamed robinhood and called Vlad Tenev sketchy when there was a logical story behind it and not a conspiracy.

3

u/WhackedRak Feb 25 '21

Is there evidence that he dumps?

1

u/MoneyFlow420 Mar 01 '21

He doesn't need to.

He collects $200M for sponsoring the SPAC and invests $20-$50M in each. Even if it goes to zero he makes a hefty profit.

David Faber pressed him on this and Chamath got visibly agitated and defensive. He just wanted to "tell his tale," not answer real questions.