Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Chamath Palihapitiya Talks Key to Generating Massive Wealth, Says Jeff Bezos Is Better Capital Allocator Than Warren Buffett

by Daily Hodl Staff
October 25, 2020
in Futuremash
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
ADVERTISEMENT

Chamath Palihapitiya, Bitcoin billionaire and chief executive of venture capital fund Social Capital, believes that when it comes to allocating capital and creating growth, Jeff Bezos has an edge over legendary value investor Warren Buffett.

In a podcast with Shane Parrish of The Knowledge Project, Palihapitiya shares his views and strategies on preparing for future economic trends and changes. One of those strategies is smart capital allocation, something that Jeff Bezos is a master of according to the Bitcoin bull.

“[An employee and I] worked on this analysis and he said to me Chamath, ‘I think that Bezos is a better capital allocator than Buffett’, and I was like ‘What the hell are you talking about?’ and we constructed this really elegant chart which showed basically the P&L (profits and losses) of Amazon and it looked at every expense line and he had taken every single expense line and created a product around it and made it a revenue line. And I thought ‘Man this guy is a genius!’… That’s capital allocation. That’s really skillful, so you want that.”

In the interview, the former Facebook executive also highlights a key area that he says may generate massive wealth for investors in the long term.

“Basically my solution is you got to be long growth, the higher the growth the better, in the areas that matter for people and I think that 10 years from now that will be a playbook that really works.”

On the issue of industries that matter to people, Palihapitiya says that the richest person in history will be someone combating climate change.

“If you have all these gigatons of carbon being emitted and you can run an experiment that takes them out, we should probably do it. And we’ll know conclusively whether it’ll change hurricane season, so why not just fund the experiment in an unemotional detached way. If you view climate change in that lens, it’s a multi-decade, multi deca-trillion dollar opportunity. The world’s first trillionaire will be somebody in climate change.”

ADVERTISEMENT

Ultimately, Palihapitiya believes that in successful investing, the biggest obstacle is yourself.

“When push comes to shove, what you’re always going to be fighting is yourself: panicking, overreacting, under-reacting, refusing to observe the present, living too much in the past, wanting too much to believe in the future. So it’s all psychological traps because the data is there if you want to observe…

If you define certain behavioral principles that protect you from the worst parts of your own psychology, that’s a winning strategy.”



Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/fanjianhua

Submit a Press Release

Crypto Livewire – Press Releases

  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$50,648.00
$50,648.00
0.09%
Ethereum
$1,586.02
$1,586.02
0.36%
Binance Coin
$245.69
$245.69
2.71%
Polkadot
$37.14
$37.14
3.3%
Cardano
$1.21
$1.21
3.82%
XRP
$0.466359
$0.466359
3.43%
ADVERTISEMENT

Spotlight

  • Billionaire Mark Cuban Says Crypto Is About To Change How All Businesses Work – Here’s How
    February 27, 2021
  • Whales Are Preparing for Bitcoin and Ethereum Rallies As Four Altcoins Outperform the Market: Santiment
    March 4, 2021
  • Ripple Lawyer Says Crypto Companies Engaged With SEC, Concluded They Could Support XRP
    February 25, 2021
  • Crypto Giant Grayscale Exploring Support for Nearly Two Dozen Altcoins – Here’s a Look at the List
    March 1, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.