The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
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

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.”

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


 
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

Industry Announcements

  • Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps
    February 1, 2023
  • Sign Up Today for the TRON Grand Hackathon aka HackaTRON Season Four
    February 1, 2023
  • MegaWorld Land Gameplay on BNB Chain Starts February 15, 2023
    February 1, 2023
  • Web 3.0 Hackathon on Astar Sponsored by Toyota Motor Corporation
    February 1, 2023
  • Match-Trader White Label by B2Broker Gives Brokers a Comprehensive Online Trading Platform With B2Core Integration
    February 1, 2023
  • Addressable Raises $7.5 Million To Enable Web 3.0 Companies To Acquire Users at Scale
    January 31, 2023
  • SIMBA Chain Awarded $30 Million US Air Force STRATFI
    January 31, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,769.37
$23,769.37
2.9%
Ethereum
$1,667.25
$1,667.25
5.48%
Cardano
$0.402786
$0.402786
4.66%
XRP
$0.413701
$0.413701
2.96%
Dogecoin
$0.093431
$0.093431
0.83%

Spotlight

  • Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins
    January 27, 2023
  • Shiba Inu Teases New Crypto Projects As Dogecoin Rival Prepares to Launch Major Ecosystem Expansion
    January 30, 2023
  • ‘Enormously Bullish’ Indicator Suggesting Crypto Rebound, Says SkyBridge Capital CEO Anthony Scaramucci
    January 25, 2023
  • Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment
    January 28, 2023
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.
Featured Image: Shutterstock/Billion Photos

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 •
Futuremash •
Industry Announcements

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl