you gotta rosel for you thinking you gotta die before you can swear. Hey! Hey, everybody, Welcome back. Besties are back for the all in podcast. The Queen of Kin Wah Freeburg is here. The dictator cha meth and of course, rain Man David Sacks. And it's been a big week here in Silicon Valley with Airbnb and wish both going public for over $100 billion combined. Anybody get their beak wet on that one? Oh, hey, guys. Oh, how are you, David? I might have gotten my be quiet on a couple of those. So little beak wet? Uh, well, you know what? In celebration of your recent victory with there being being wish I will Oh, no, I can't zoom in on my merch, but I've

got my unofficial wet your beak mug. So for those of you wondering, we have Thio get a little bit of housekeeping out of the way. At first here, the merch has gone crazy. Have you guys been watching merch on Twitter? Of course. Anybody Anybody favorite might get your thoughts. Some of those I got some of those mugs. I think they arrive today. They look great. It's amazing. And, you know, the best decision we made was not to let you sell t shirts, Jason, because you would have, you would have You would have milked this for every every nickel you could on instead. And instead, we we open sources to the fans, and they've just gone crazy with it. I mean, there is literally no that hurt you. I know that hurt you a little bit. I mean, the problem I'm having here, no advertising. I'm picking up all the production cost here. I'm sending you guys equipment. You maniacs lose the equipment every time you go from one of your

estates toe another estate. I'm sending equipment to four different places. Uh, anyway, we've got a special, very special episode for you today. We are doing drum roll. Please. We're gonna have some sound effects. This afterwards. We're going to do the best the awards today. So we're gonna go through the biggest winners in politics and business and cultures. And of course, the losers. The flashes in the pan, the best business moves, the stupidest business. We got a lot to get through, but just in terms of housekeeping again, the all in syndicate is up and running. I think there's 4000 people have applied in 10 days. Let's just talk about the market cap of Airbnb. I wish for that matter, what round did you invest in? Airbnb Serious. See with the Founders fund around? Yeah, grounds. Thanks. Oh, that's so yummy. But to be honest, that was already over a billion dollar valuation, Correct? Yeah, it was. It was. I mean, it's still, like 80 or 100 x 40 40 40

. It's like a 40 X or something like that. So thank you. Thank you. Thank you, Brian Chesky. Thank you, Peter Thiel. Peter, Lead that round. And Brian was looking to include founders in the round, Uh, in addition to it being led by Founders Fund. And so Peter introduced me, and that's how it happened. Wow, Fantastic. I did not get my big went on that, but I did mention Airbnb on my podcast and that, you know, I've been trying to get Bryant on the podcast for I don't know, a decade. And I said, You know, I know you guys wanna happen on the pot. I've asked him, like, literally every year for 10 years, but I don't think he likes me. And then he came home. He said, I listen to the podcast. I like you. I was like, OK, great, Will you come on, He's like, I'll come on So he's gonna come on this year. I think it should be great for this week and start I think I think Brian and the whole team really did a masterful job of navigating through the whole Covic crisis. I mean, everybody forgets how negative publicity Waas people are talking about Airbnb as co vid roadkill

. Back in April, I tweeted up CNBC headline from back in April, wondering whether Airbnb was even going to survive and they navigated the crisis. They did have to cut headcount, but they made the company much more profitable. But they also did great things for both the renters and the host, um, at the company's expense. They re funded something like $250 million to the Thio users who have cancel reservations, but they gave the money to the host to keep them afloat, so they really did a great job navigating this whole crisis. It's a pretty great company. He obviously cares deeply. Um, It was very hard, I think, for him to cut all that staff at that time. It was kind of a tough decision, but they were very generous and how they did it. So congratulations on getting the beak wet sacks and Chamakh. I got a bunch of inbound you had filed to sell some shares. A virgin

galactic. I saw you tweeted about it, and you wanted to be transparent. People asked you for you to address it up front on the show, so go ahead. Yeah, I have. Ah, A lot of projects that I intend to fund in 2021. I'm probably gonna put another I don't know. I think the forecast was almost $2 billion toe work. And, uh, I needed to manage my liquidity for this year and make sure that, you know, um, I could continue to make all those investments and, um, fund my, uh, fund. All of the other things that I need to do, and that's why I did. And you're still a significant shareholder, I assume. And you believe in the company? Yeah. I mean, I remain completely committed to that business. You know, I it would have been better if I could have sold something else, but it's not quite possible. And when we're entering, when when you leave the tax years, you just have to make these decisions to lock in some gains against other losses and would have

loved Thio have not had to do it. But I needed to manage my liquidity. And so I sold, you know, it's a small portion of what I own. So yeah, that was sort of my point. This is just a portion of what you own. And I mean, this is something that you know, in poker and in business, you gotta manage your chip stack, and you've got to manage your bankroll. So today we're gonna do the best. He's, uh this is our first attempt at talking about. It's our award show for 2020. Let's leave it at that. Let's start out with the biggest before. Hold on, hold on a second. How much weight did you lose? Because it's either that you're still fat and you have a way with its Either you're still fat. You have an incredible camera or you've actually lost weight. And this reminds me, by the way I'd like to tell a story. Not on on a four years ago. Oh, my God. You go, Jason. Jason and I make a weight that Okay? Just don't say the dollar amount. It was like, you know, it was like I think it was like a $10,000 a pound

on Jason. Jason. He would get 10th. He was about to do. And this is incredible. Jason comes to us five years ago and says, Guys, you won't believe it. I'm doing a show on NBC. A reality TV show, Violet, and with not beat that out. Can't keep that up, e Okay. Oh, my God. That guy, that guy seems like a train. Right, But okay, that's fine. You're going to do this pilot with don't and be saved. And NBC And don't you need to, you know, be in fighting shape. And he said, Yes, I need motivation. So I said, Here's motivation. Let's make a weight. But you need to be under £190 and I'll pay you $20,000 a pound that you're underneath. You pay me £1000 over. It was like, six months later, and we're hosting. I'm hosting a poker game

on I realized Oh, my God, this is the last. This is the last day of the bet. The day before we started the day before. And then the last day of the bed is midnight. Yeah, I wait till midnight and I jump up and I'm like, Wait, bet E se Jason, you gotta be under 1 91 92.5 or £193. He literally goes ashen white on. He says, more white than I am because I just ate. That was maintaining my weight. He says he says, Okay. Okay, that's fine. He had been eating pizza that you, Brick. He ate a brick of Bree. I sort of got on. And then he says he says Friedberg, You won't believe this. He goes, Guys, I just need five minutes before the way in on then goes to our guest bedroom. E 0 13 in this story tried

. Hey, tried. He tried to £5 with Julio that after eating all that pizza and cheese and not chosen, I mean, anyways, he loses the weight bed and he says, John, this is completely unfair. I'm not gonna pay you. He was, like, £196. Not paying you this one. Hold over. And he said, uh, this bet is not over until midnight. The fall off? Yes, obviously. 25. Fair enough. So I said, Alright, fine, Jake. All fine. He goes home. He literally takes every diuretic known Thio. Come on on. Then he loses. He didn't get the whole thing. Two pairs of sweatpants and sweat it out. I checked in with this guy 10 times this day. He walked, like, 12 miles. He took four shits, you know, sweating out steam room, he lot bath sacks. Did

, uh, he did a colonoscopy. He did a colonoscopy. Oh, to his credit, he lost £5 by midnight and he wanted driving. But then I said, then I said, You know what? Because there were two different Wayans. We were gonna go playing a poker tournament, so we went and played in the poker tournaments. It came out by me into the poker tournament. Whatever we win, we'll chop it up if it happened. So we just made it into a friendly thing. Um, obviously Great. Now that story is out there. And now I'm gonna Everybody is gonna be on Twitter with the Coker T shirt and I hope somebody in the all in Army does the T shirt that just says 1 92.5 and we'll all know what it means. Which is the way that 1 90. It was 1 93 1, which is crazy. That I'm one was 1 93. Anyway, here we go. Getting into the categories are first category is the biggest winner in politics. Biggest winner in politics. I'm gonna ask you gentlemen to raise your hand. If you have a strong feeling on this, I'll call on one of you who's

got a, ah, big winner in politics. Go ahead, she meth. Joe Biden e mean, let's be honest, there's nobody bigger. And actually, if you wanted to abstract it, what I would say is centrism was the big winner, and it kind of feeds the losers, which is sort of the extreme left in the extreme right. But I would say that centrism and Joe Biden were the huge, huge, huge winners. Well, I'll give ah, I'll give a unorthodox pick, which is Xi Jinping, the chairman of the Chinese Communist Party. You would have thought he would have had a bad year starting off with, you know, co vid starting in his country at the beginning of the year. But he was able they you know, the global plague came from China, but they were able toe kinda, Uh, they were able to use Ah, vory gullible wh Oto launder responsibility for the catastrophe. And they took advantage of the crisis

to build more client states and Asia and Africa with promises of vaccines and and money and finally, his biggest global nemesis, Trump. And then, you know, Pompeo lost in the election. So you have to say he came out on top at the end of this year. I put I have the exact same answer is sex. I put the Chinese Communist Party as a whole, actually, and I feel like on the world stage, they're they're strengthened in in the post covert world. So I had e because she went from the famous quote in the debates. There was a little girl in California who was bussed to school. That little girl was May where she took on Joe Biden, and then she winds up getting the VP slot, and I think she winds up actually becoming president and will be the first female president of the Year of the History United States. And that could happen in the first term. Or if Joe Biden doesn't run for a second term and they do a halfway decent job

. Kamala plus Pete Buddha judge is a pretty great ticket as well. Who is the biggest loser who's your biggest loser? Cha meth in pop? Donald J. Trump and obviously extreme left. The extreme left and the extreme right. Got it. I'll agree with that, But I would also add Nancy Pelosi, the speaker of the House. Her impeachment of Trump at the beginning of the year went absolutely nowhere. It was even a new issue in the election, and her majority in the house has almost completely disappeared. She lost a dozen seats. I think the the E think she's down to about four or five seats as a razor thin majority in the house, and, she said, to lose mawr in the midterm elections, I predict that she is set to not be speaker anymore in two years and headed for retirement. Okay, Freeburg you got one biggest loser I have. I have the institution of American democracy is the

biggest loser of 2020 e Feel like we're coming out of this year with, like, no belief that our election was valid for a vast majority for a sizable minority. This country that, um, that some Democrats believe that the election was fortunate now to I mean, if you say something enough times, everyone believes it. So, you know, here we are coming out of this year. We're with a crippling lack of faith in our electoral system. And it's scary that American democracy is being fundamentally questioned by its own constituents. So So I think that's the biggest loser this I had. I had two choices here. One of them was already said. I said the historical left as my runner up. Bernie and Warren just dismissed by Biden. Kamala, they they are not even part of the discussion anymore. And they don't even get cabinet positions. So the hysterical left and the Socialist Communist Party is out of the Democratic Party. Thank the Lord, but my biggest loser. I have

to say that this is the worst run of any politician. I've ever seen in a year. Which is Rudy Giuliani under investigation for less Parness and eager from, and then the bogus lawsuit elections, then farting during a hearing, then doing the Borat Church Tuck. I don't know if we have feelings. And if that was the tuck or if he was trying to wake up the genie and then he bleeds hair dye thing, he starts bleeding hair dye. Wake up. The G D body got covered. No, you got Covic e anything. The hospital cov e Just think You think you had a shitty year? I think there's gonna be The fans of the show are now registering domain names of things we say Thea upside for him is that Donald Trump's campaign is paying him $20,000 a day in legal fees. So no, I think it was 200. It was 20 grand a day. It was only 20. That's his going

rate for making a full of himself. I've a feeling that rate was adjusted when Rudy couldn't get the case to the Supreme Court. Well, we all know that Trump pays his bills on time, so you shouldn't be a problem, right? All right now, we're gonna have some more fun. Biggest winner in business. Biggest winner in business. Freeburg, You wanna lead us off? You haven't let us off. I'll take this one. I think that the biggest winner in business this year is a company that started a few years ago called Madonna. This company had a typo in December of 18 at $7.5 billion market cap. It traded between four and five billion throughout 2019 and all of a sudden cove it hits. And this becomes a vaccine candidate driver for Madonna. The stock shoots up. It's worth 60 billion today. This company has not had a product that's gone to market prior to Cove it and they struggled getting this business. E wouldn't say struggle, but they never really had a new application for their Marna technology. They

looked at it for years, Iterating and pivoting this business and co vid like a lot of other businesses, really gave them an unbelievable kick. And today I shot in the arm shot in the arm and tonight they got approval from the FDA and they're gonna be shipping starting toe on Monday. I think sacks who you got for the biggest winner in business. We're moving at a good pace here. Elon Musk. Our friend Rose to become the second richest man in the world, ahead of Bill Gates on, uh, you know, right on the heels of Jeff Bezos, his company, Tesla, had something like eight or 10 X gains over $500 billion company. Of course, the products are awesome and joined the S and P 500. And Space X is doing amazing as well. We saw the launcher starship the other day, and I have just been mesmerized by all these unboxing videos for StarLink, which you can see on YouTube. And it is just magic that you can unbox this little satellite dish, plug it in and you have broadband Internet from space. So

I think, you know, Ellen seems to be on track to be no only the world's richest man, but the world's first trillionaire. Wow. Big, big, big ups. They're t e che meth. What do you got for the biggest winner in business of 2020? Yeah, I have to agree with sacks. IPU, uh, Ellen is the Ellen basically has had over the last 10 or 15 years, an incredible amount of challenges that he's overcome. He's had an incredible amount of haters, he said. Probably had to deal with stuff that most of us would have broken under, and he just fought through it. And the guy just basically bended all the haters until he crushed their souls. And I just think that that's incredible. Absolutely so. Elon Musk is the hands down the biggest, biggest, most obvious winner of 2020. That's the obvious winner. I'll give a couple of runner ups here, I thought. Also on the runner ups after Ellen Zoom

, beating Skype slack video, Google hangouts and fixing all the China issues and getting to $100 billion valuation is notable. Obviously, Amazon did a great job because of the pandemic on and then just as an oddball out there, I just thought Adam Silver in the N. B. A Bubble was an incredibly bold project that was executed so well and with such a delightful business moment, and also a cultural moment that, you know, you had the n B A shutting down during the pandemic member that dramatic night on a Thursday night, and they canceled the games, and then they do the bubble and it works. And that gave me hope that we could get through the virus. So those were some of my other runners up, all right. The biggest loser in business in 2020. Go ahead, she meth, Facebook and Google exiting the year with umpteen antitrust lawsuits. I think morale must be pretty brutal over there. There's no amount of money at some point that people are

willing to get paid to walk in the door every day and just have to dio have to deal with those kinds of accusations. And so, for all the good in the world that they dio which so it just must be really tough that they have to deal with it. But those guys, I think, are the biggest losers and business who you got sex, the small business person, Um, you know, whether it's restaurants, retail hospitality, what have you small business people really took it on the chin this year. I agree with the moth about, you know, companies like Google and Facebook, losing esteem in the eyes of the public for good reason. Censorship so on. But text still, Are you know stocks are at all time highs. The politicians got to keep eating at French laundry, but it was a small business people who got absolutely decimated by these lockdowns, which don't even work. And so they are the big loser of 2020 Your business. I'm a little more vanilla than the rest of you guys. I went with AMC Entertainment Holdings. Talk about a fucked business and co vid restaurants

. At least you could do take out. You can't take out a movie from AMC. There's there, shut down all over the country, their creditors there telling them to declare bankruptcy. It's a total shit show. No one's gonna go back to the movie. Oh, I don't think they go. I don't know what the hell like she's gonna do. What do you do with all those theaters? They're awesome. I love going to the movies, but I'm not going to the movies for at least another year. So and it's sad because honestly, like movies are a big part of my life. Always have been, and it's sad to see movies, you know. They're gonna come back strong. They're gonna come back stronger. I think Amazon will buy one chain. I think Netflix buys the other. And then with your membership, you get to go and see all the range of stuff and maybe even see. Like Queen's gambit in the theater. It's such a great experience, right? Yeah, I would have loved Queen's gambit in the theater. Totally. There's so much you could do with theaters, and I think there's an opportunity. But, man, did those guys get screwed this year? Well, I always thought they should do an extended edition. So imagine if when HBO or one of those did, you know, game of Thrones. If they had it out the day before in movie theaters or the week before

or two days before and they did an extra 10 minutes, people would love that. My biggest loser was, of course, Samos. David, uh, real world business is absolutely demolished, and the government after that first stimulus, which was incredible, Trump did an amazing job of just dropping buckets of money. Whether was that PP loans and PPE loans, whatever the P P P loans, P p p loans, all this stuff was incredible. And then what complete, utter bullshit and incompetence from our government that they couldn't get the second one done. It's absolutely fucking infuriating that the Democrats and the Republicans, the selfish fuckers, couldn't get another billion dollars dropped up with that. And here we are in December. That shit needed to drop in August or September, not December. It's just absolutely disgraceful. It's there. I'm just disgusted that they couldn't even get some more money to people who are suffering unemployment and these restaurants. 100,000 restaurant

closures by the end of 2020. It's just unconscionable that the stock market is ripping and we can't get just some money in people's pockets. Just dropped the money, infuriate. I was sitting here at the taping of this that it might actually happen. Okay, Biggest winner in culture who's got a big winner in culture. Everybody got one. I got the black lives matter movement, and I think e think it was such a like, meaningful on impactful uh um kind of shift in how people were thinking fundamentally about behavior in society. It's still persisting, You know, there's corporate action, their state action, this regulatory action. Andi, I think it's Ah, it's a meaningful movement that's going to persist. I think it came at a time when we all felt like, you know, a lot of people felt locked up in their homes. People were angry, people were frustrated with the system, and just it just was a very poignant moment

, especially occurring during Cove it that it really took hold. Andi, I think it's gonna last. And I think that the movement itself is going to spawn a lot of change. Yeah, I think it's well said David, Who you got in culture, baby Yoda. Uh, are you and pop culture on that one? Yeah. Star star of the Man DeLorean show that his his assent icon status helped Disney get 86 million subscribers grow or for for Disney Plus, which just blew away expectations and has established Disney. Plus is the main rival of Netflix. Do you think Netflix? You think Disney will pass Netflix? Correct. I don't know if they'll pass them, but they're now certainly going to be a major rival to them. I think that I think they pass them OK. Meth, what you got? I would pick a combination of fortnight roadblocks and among me, which I think has for at least, um a

lot of high school and middle school kids, but I may be a lot of adults, the only form of social interaction that we've had for the entire year. What a great what a great selection. And I think it's important to understand how much lonelier we all would have been and how much more mental illness and depression we all would have dealt with if we couldn't have even just talked to our friends. And I think that there's something really beautiful that those games did for people. That's a good one. That's a good one. I went with podcasting, I think, on a cultural basis. Joe Rogan and what's happening? Podcasting is long form discussions. Even this podcast has become just amazing. Amazing movement, and people are having better discussions, and I consider it the antidote toe. What's happening on social media? When people hear us discussing stuff on this podcast, they feel like they ate something nutritious. They had a great salad, they had some healthy food. And then when they're on social media and they consume the same tweets that were doing, they feel

like it's junk food, right? And so I think that podcasting long form discussions listening to each other. Maybe, you know, Republicans and Democrats left right, Everybody listening to each other. And podcasting is just such a great meeting medium for discussion. Who is the biggest loser on a cultural basis in 2020 Mr. David Sex the media, starting with The New York Times and other sort of elite media. They ripped the umpire jersey off their backs toe go after Trump. Well, they got him. But at what cost? Half the country will never trust them again. Uh, this makes conspiracy theories more likely. It makes cultural divides deeper. And they've been revealed to be corporate journalists, journalists who subscribe to and serve a new agenda of their corporate masters. They've lost the public's trust. Friedberg What do you got on the biggest cultural loser? Climate change took a back seat this year. Um, it

, you know, it had momentum, a za cultural meme. Its's lost its, uh, its luster. And it's been shadowed a little bit this year with BLM and co vid and lack of faith and institutions and all the other stuff that's been going on. Do you think that people now when they see the collective response to co vid and the vaccines and us our ability with science and technology to solve the pandemic. We will have a newfound appreciation for coordinated global action on global warming. David e think. Are you asking me? I think e think the I think the faith in institutions as eroded tremendously this year the W h o telling people not to wear masks and then telling him a mask. They're good. Uh, yes. So you think that hits the e? Think just a warning movement as well? Yeah, I think the lack of faith in institutions as well as in the media makes it really difficult for things that require a coordinated effort

on a coordinated cultural shift to take hold. Um, you know are really challenged in this new kind of model where you don't know what to believe, and you don't believe institutions and you don't believe old school and you don't believe states and you don't believe you know anything structural anymore. So it's It's a scary It's a scary kind of moment. I don't know. I think climate change is gonna have momentum with the new administration, at least coming in tow office in the US but generally like institutional guidances has lost its luster. She meth. What he got witness woke nous I think when you now look at the rial ization of what we've gone through, people have realized that you know you can You can be extremely anti racist and think Latin X is just a stupid label. You know, you could be an entirely complete 100,000 million% supporter of LGBT Q. But think that, you know, all these complicated pronouns

aren't really necessary. Andi, I think that people are coming to a point where you can have nuance. Andi, I think that that's really important. I think that this whole cancel culture and witness was, um, incredibly corrosive. Andi, I think that that they lost. I think it's actually a great I think it's I think it's a great point. You're making tomato because in the last episode I fumbled the word MX, which none of us had ever seen. We all laughed about it, and then I just had this little thing. I was like, Okay, I guess this is when I get canceled because I laughed at the fact that or I mispronounced it right. And the fact that I thought even for a second that mispronouncing this term MX which I then did research on. And I said, Does anybody know how to pronounce what m m m X on Twitter? So I figured I would pre empt the dropping of the, um, podcast by bringing it up on my twitter. And people are like, Are you trolling? I'm like, No, I'm asking

and I found videos. And it turns out there is an actual controversy in the trans community where M X, some people believe, means mixed M I ssed. Other people think it's, um M X as x the variable as in the variable X. And so they're having their own debate there, figuring it out. That's great. Everybody loves them. Every supports them. But the fact that I mispronounced it, you know, should be a better struggling with that. Yeah, well, Jason, can I tell you? Can I tell those people that are struggling with whether X equals anything or X equals mixed human just to touch upon Friedberg Point? The human race has caused 8% of all the species in the world to go extinct, and we have put another 22% of every single other species at the at the brink of extinction. At the same time, we have now expanded our footprint to touch 75% of the Earth's land surface. So until

somebody fixes those problems, I don't actually want to know what the X stands for. Yeah. I mean, we were this idea that we're gonna count way put stimulus checks, put the fucking stimulus checks into people's hands, get these small businesses back to work. Then you can tell me what the X stands for. Yeah, Okay. My biggest loser on culture was the same exact as you. David were thinking similar. I have taken the red pill you gave me. I crushed it up. I've been snorting these the red pill like crazy. People think I'm turning into a Republican. But I thought mainstream media and late stage journalism sacrificed objectivity specifically to get subscriptions, and they used the anti trump feelings and they worked them and got the ratings from them. And they literally use that New York Times is the is the best example. I think the work you guys use for best examples canonical off, like using their anti trump feelings to get people to take out their wallets and subscribe. Everybody realizes that they drove out

Barry Weiss. They drove out there editor of the page, from making people feel unsafe with their words. And then New York magazine drove out Andrew Sullivan. And then Glenn Greenwald gets leaves. His publication. I mean, anybody who dissents inside of one of these publications, they canceled them inside of a publication for an opinion on an opinion page. It's crazy. Okay, let's keep everything moving here. Biggest turnaround in. I guess this is biggest turnaround. Anything. But I did business. I'll lead off with mine. My best turnaround was Airbnb. They laid off 25% of the company in July 1900 of 7500 employees. They cut their marketing budget by 800 million and then the i p 05 months later, Uh, and they had raised a billion dollars in $18 billion valuation, according to Pitchbook, and now worth 88 week after the I P. O. That is a turnaround of all turnarounds. David, who did you have? This is where I had Joe

Biden. He finished fourth in Iowa, fifth in New Hampshire. No candidate has ever bombed that badly in the first two contests and gone on to win the nomination. Biden board back in South Carolina and then one big on Super Tuesday and wrapped up the party nomination by March. Biggest political comeback ever. Mm. Who do you got? Freeburg. I got Airbnb as well. I mean from Yeah, And here's the Here's one of the craziest stats They're sitting there in Q one with great business revenue drop 67% in Q two. Can you just imagine the experience of 67% of your revenue going away in one quarter cash burn, skyrockets and just having to respond quickly and still maintain integrity with your customers and your employees as the leadership team? I mean, it was incredible. Leadership demonstrated five along its a five alarm fire, right? I mean, it's literally you got to get everybody out of the building here. We owe

you. Got Chamakh. I'm curious. Who is your biggest censorship? Big censorship, censor censorship. Censorship existed in in Draconian and the dark ages of our of our journey as a country and in the world, and it came roaring back this year. The amount of people that have been muzzled stifled the amount of fact and science that literally just gets judged willy nilly by our distribution points like Facebook and Twitter and medium. It's really scary. So censorship made a roaring comeback in 2020. I I like it. I like it a lot. Now we go on to the biggest flash in the pan. You can interpret this any way you like. What do you got? Sacks? IPU, the W h o the W H o. Nobody knew who The World Health Organization. Nobody knew what the W. H. O. Was before this year. Then they have become

, you know, somehow, this global authority on Cove it despite getting everything wrong, they initially said that we didn't need to wear mask. They didn't update that until June 5th. This was about 10 weeks after my blog's saying that you know mass were a good idea. They got the method of transmission wrong. They were saying that transmission mainly occurred through phone mites, which is contagious surfaces instead of respiratory particles. They initially said that lockdowns work. Then they modified their policy on that because of its impact to marginal groups. And so the w h o has just gotten everything wrong this year. And despite that fact, you now have two commas point, Google, YouTube and even sites like linked in her next door. Now, censoring people statements if they contradict the W h. O. Apparently without irony, because nobody has contradicted the W h o more than the W H o itself. I look forward to next year when nobody cares about the w h o anymore. Great. Friedberg What he got

flash in the pan. I put hydroxy claure. Quinn. You guys remember it was gonna It was going to save the world for a minute or two way R s. So I'm just gonna leave it at that. Hey, Okay, everybody, you may have heard of Hi, Joe Clark win. Okay, America, some people say it's America. I took that great Chamot. Where do you go? It's actually quite related to this, and I thought that she was marvelous, but I do think she will disappear off the scene, Which is Sarah Cooper, which, uh, you know, basically, in the last month of the campaign, uh, kind of just disappeared. And now is. I don't think anybody knows who Sarah Cooper is. And probably in a year from now, won't But for for the for the for those dark months of the pandemic, Her mockery of trump with some of the funniest stuff on Twitter that I Oh, sorry. Cooper is

amazing. Yeah, she she got a Netflix, and I don't think she'll be a flash in the pan. I think she'll come back. Um, I would have loved to pick who was the press secretary for, um with the southern accent for Trump sex. Sarah Huckabee. Sanders. Yeah, Huckabee, she. But I think she was gone in 2020 20 so I can't pick her. But she was amazing at defending Trump. She's like you all are dumb and Trump is smart. And he has 150 i Q And he owns March a Lago, and he has a jet and his jet. You are the fake news media, and I don't care what you say. American public know what you say. And Trump is amazing in bed. He was banging porn stars when y'all or jerk. I mean, he's just she would defend him. That's what I want. Is my P R person. She defended him for all time. My biggest flash in the plan. E

don't need a pair of person. I got this. We got this podcast now. We don't need the president PR. We just go right to the audience. Uh, Nikola, trading at $34 billion. They took your precious spaccia meth, and they perverted it with a dipshit Milton, who was on my podcast and couldn't answer basic questions. It's now worth six billion. I predict it will be worth 60 cents. I kid you not. This company will go to zero is my prediction. If you are buying companies and I made Jason, you're gonna scare all founder, all founder, CEO. They're gonna avoid coming on your podcast now. No, no, no, no. I'm delightful. But for this kid, uh, he's under investigation is worth nothing. Your weekly. You know, he's under investigation. The things the disaster there, obviously writing on Elon's co tells he couldn't make a decision. It was hydrogen powered cars or electric trucks or whatever

. And the company's in chaos. And I made a rule, which is, if a company has not released their product and it's worth over a billion dollars. Be careful because it could be a fraud. Um, or it could be a disaster. That's my biggest flash in the pan, Nikola. Biggest breakthrough. Freeburg, you want to start us off on this one? I have an idea. I think I know what you're gonna say. I'm gonna say Alfa fold, You know that we talked about in the last podcast. I think Alfa Fold feels to me like, what are Pinette was, which was the origins of the Internet, you know, back when it was first installed and no one really kind of grab grappled with the ramifications of what would emerge. And I think, you know, once we have the ability to design proteins to do things Ah, what's gonna change in the world of medicine and human health and longevity and the kind of environment, and it's gonna be pretty powerful. So I'm excited about Alfa fold creating a foundation for for humanity's ability to do those things. Jamal, what do you got? 100% alcohol by? There's not

a close second, to be honest. Okay, Sacks Well, as a as a close second, I guess I would I would mention the Marin A vaccines which we talked about on this show the ability to basically, um, print the vaccine in two days, and hopefully they will follow our advice about challenge vaccines. So the next time we have one of these pandemics challenge trials, we can, uh, we can respond much more quickly. And then just quickly in politics, I thought the biggest breakthrough was P Buddha judge. He made the unlikely leap from mayor of South Bend, Indiana toe being the first credible, openly gay candidate for president. He won Iowa sort of along with Bernie Sanders and was a very close second in New Hampshire. Uh, he's gonna be, uh, the the He's gonna be a director of transportation Department in the by administration. By the way, I want to just point something out on your Sorry Jake out. But

you know, the M R on a vaccine technology has been around for like 15 years, and regulatory barriers and regulatory constraints have largely kept this stuff from coming to market. And it's interesting how you know, in a year where we have this pandemic emergency, we can take this technology that has been around and has been available to us for so long. And suddenly you know, all the regulatory barriers get dropped and things come to market to change the world. I think it's it's It's a great highlight of, like what's possible when some regulatory constraints or diminished a little bit and technology is really allowed to flourish and see the light of day on. Do you know we all act so surprised that this technology works, but it's been here for a while. It's pretty, pretty astounding that it hasn't worked or hasn't been allowed to work in the past previous. Just an observation, I think. E I think it's a really valid one because it wasn't a breakthrough that occurred this year. The breakthrough was they broke through the regulations. You said you wanted to wait and see some people get the vaccines first. Andan that led to some accounts on the Twitter saying

, Are you still anti vaccination? And I had to correct them that you've never said you were anti vaccination too, because I'm way No, no, no. You wanted you wanted to wait. Yes. No, no. I think my point is I think a lot of people are gonna latch I'm sorry. Let me just be really clear. I think a lot of people are gonna latch on to the small number of cases that are gonna be amplified of people having adverse reactions to this. You know, new technology vaccine in Alaska the other day, like two days ago, there was a nurse who got the vaccine, and she had a really bad and if lactic reaction to and she had to be given epinephrine twice to survive, and she came out and she was fine. But it's that storytelling that's like, you know, they assume it should be. Some small percentage of people will have some reaction to this thing, but that is the storytelling that will keep people from doing this. And I think that is the biggest kind of concern. And that's why you've got guys like Mike Pence doing the vaccine. Tomorrow. You know he's gonna do it on live TV and celebrities like Ian McKellen doing it. They're trying to kind

of create What are we going to see? Mike Pence's naked shoulder and bicep on television. We owe because Mom doesn't want Thio, his mother, his mother gonna be Oh, that's his wife because his wife mother is gonna give it to him. Because if a woman doctor gave it to him, it would be kind of like cheating because she stuck something in him, you know? And it's just not right. Um, okay. I can't wait to take it. If anybody doesn't want their vaccine, I will take it cause I'm losing my mind in quarantine. I mean, for the love of God, smartest business. Move. Che meth. I think 2020 was the year this back. I think that it is, uh, in his It's an incredibly its's done something really, really, really important in the capital markets so that can you give your best award now

? Yeah. His best award given to it by himself. Would you like an acceptance speech? I smartest business, Move like Theo. Smartest business. Move me, sir. What was your smartest business move or a smart business move in business? I'd like to thank your mouth for the SPAC thing, too, because I was in open door and I was in porch and both of them are stacking this year, so e desktop metal I'm gonna way have to agree. So thanks for the best business you've wet, You've went all of our beaks. So, e, if you think about it, I've done, uh, way the music. You know, the walk on music on the O S. T e. He's been nominated three times, but this is the only best. He's

one. I really wanted to be in that reality show with you and e mean talk about dodging a bullet. We went with this trailer Thio the top five studios. They all wanted it in the room. NBC says We'll take it in the room. The head of NBC says We'll take it. We taped the pilot and then beeps Whole career life blows up and thank the Lord. That show didn't get on TV because I would have been executive produced by Bebe on. Yeah, that would've been bad. So no reality TV for May I had. I had another smart business move. I just wanted to point out, which was Salesforce buying slack. I think it's brilliant for them. I think they're gonna look back on the 10% they paid of their capital for slack. I think slack will be mawr important than salesforce. Ultimately in business, it's a huge most important brand there. What a crown jewel

. What a great what a great move by Benny Often and Bret Taylor. And I just think what a great asset totally be better for them than YouTube is for Google or Instagram is for I think I think it's on that level. Actually, I think it's of that order of magnitude where the importance of those assets to those companies slack will be the Salesforce cost cost 20 times 30 times as much, though, So let's upside. But let's upside. But in terms of, like, lock in and value and, you know, the prevention of turn over time, I think it's gonna be huge. I mean, it could be at some point, the company is slack. Salesforce like slack will be the preeminent brand there. David, did you go for this for a smart business move? I agree with both that once you've already done, I'm gonna I'm gonna I'm gonna I'm gonna rattle one off real quick. I got e Think people miss this, but at the bottom of the market. Silver like, did this massive debt deal into Airbnb which, if you'll remember, is reminiscent to me of Warren Buffett giving

$5 billion a Swiss Re and Goldman Sachs. And he earned a 12% coupon and got warrants in both those companies. And it just paid a tremendous return for him. Silver Lake swooped in Airbnb in April, gave him a 12% debt deal for a billion dollars, and they got warrants that the warrants today are worth about $1.4 billion on Do this debt is probably worth three times what they put in. So in, like, five months, six months, these guys have basically turned a billion dollars of debt into $4 billion of value. It was an incredible deal. Incredibly gutsy. If you think about what we were all feeling in early April about the market where the world was headed, we have no fucking clue for these guys to swoop in and do that. I thought was super impressive that the other one. I had a couple on this because I just I want to rattle these off. Bill Ackman bought a fucking S and P put sorry. Bought an S and P put for $27 million that he sold for $2.6 billion a year for insurance. Yeah, but he turned $27 million

insurance instrument into 2.6 billion of returns for his fund. And he still didn't sell his portfolio. In fact, he bought at the bottom, and, I mean the foresight this guy had going into the down market ahead of March. He saw that the market was gonna tank because of co vid. Hey, made a bet on it. It was a tiny bet for him, but man to turn 27 million and 2.6 billion in, like, 60 days or 90 days. Unbelievable. And then he bought stock in his company is at the bottom. What a gutsy investor. And then, like anything, Was there anything Fugazi on that with where he had gone on CNBC and talk? And he did this whole big, you know? Yeah. Yeah, I think it was. It was incredible. And my third one, which we don't talk about a lot, is Larry Ellison bought a billion dollars of Tesla's stock less than two years ago. That is now worth over $10 billion. And he didn't. He joined the board, and, um, you know, you put your money where your mouth is and you take ownership and, you know, I don't

know much about Larry. But there was a lot of naysayers about Tesla's saying they were bubbly and over valued at that time, and it was really you. He did it in the middle of the Tesla que shorting movement, and now he can buy not just Lanai, but he could probably get quite to go with it. You go buy another island anyway. Those were three gutsy bets that I thought were worth highlighting, that that just really impressed me. And, you know, it's when the markets are down. When you're facing the abyss, when everyone else is telling you you're wrong and you make a big bet like that on git pays off. That's the kind of stuff that I think returns are made from and character is built. And those Those were just really impressive moves for me that there's a lot of impressive moves this year. The tide went out and came back in real quick, so there were some dumb business boobs as well sacks, you gotta done business move. That was the highlight for 2020 the city of San Francisco biting the hand that feeds it. For years, thes politicians have been shitting on the tech community, acting like

the tech community was somehow a parasite on San Francisco. Well, you know now, because of Covic. Congratulations. Tech community has the option toe leave. You have a lot of people leaving, and there are gigantic budget deficits for the city. The schools have giant budget deficits. It's not clear how they're going to close these things. And it's looking that more and more like it wasn't tech. That was a parasite. It was the politicians who are the parasites. And nobody knows how to fix the city of San Francisco anymore. Yeah, okay. Dumbest business move. Try meth. I think it was. I think it was probably for me. Um, the governor of California is handling of Cove. It, um e I guess that's more political than business, but well, no. I mean, it did impact businesses, so I think you're I think that will allow it. I'll allow it. I think that I think

that what he showed was how naked partisanship was in decision making. That that should have been based on science, in fact, and the quality of the decision making just eroded every single decision that he made. And then now, you know, as David said, it's kind of like you have this just just you know, um, you have this moment where it's like, you know, the just eat cake moment where he's eating at French laundry, and the day after he basically shutting the whole world down again, it zits. Very frustrating. So So I think that you also is shutting down beaches, right? And then, you know, the state home orders and not letting people leave their house and go to a beach or eat outdoors. There is a send them inside. They're gonna have a party inside their house. Well, there is a great tweet, Stupid. There's a great tweet that said, you know, I'm not allowed to go to the store. I'm not allowed to go to the shopping center, but I'm gonna take my child on a walk. And if anybody stops me, I'm just gonna tell them I'm taking her to the nail salon. And

the reason is because you couldn't walk to the park, But you could you could go to the nail salon. And so you know this tweet was just reminiscent of just how arbitrary and random this stuff was. And it had just so many downstream impact. So I think that was a huge fail. Nobody loves hypocrisy. I picked my smartest business move with Salesforce buying slack. Conversely, I'm picking my dumbest business move with slacks boards selling slack. This is the stupidest thing I've ever seen. I understand. They felt like maybe it was a great deal, but I would have much rather them see seen them. Do what? I to be honest with you, to be honest with you, I mean, I left the board and I just don't know why. I wish I could have gotten the call because I would have bought it. Yeah, I I agree with you. I think network effects are incredibly unique. Assets. They're very, very rare. I think we've all been around them. We've worked in them. David has David. The other David has. I have Jason, you have. It is the single most incredible moment momentum driver and, you know, sort of tailwind. And when it exists, you just

never give it up. And so I agree with you. I would have bought slack if I could have if they would have given we ride our winners and you appreciate network effects. If you look at what Jeff Lawson did at Twilio, he started with much less, I think started with Started twilio by Sen Grid and segment. Their market cap has gone 12. It was it's 12 x market cap. They went from $29 a share to $365 a year in three years there at 60 billion. Slack should have been buying other companies with their equity, and they and they should have built and rolled up all of the other hub spots or whatever else is out there. But I think by then desk whatever. I'm not sure that the M and a strategy was the hard part. I just think that it's when you're in the bowels of these companies. As we all know, it's super hard, right? So I mean, I don't think you can fail Stewart on the team, but I think that

somewhere along the way, just the rial ization of how special and unique that network effect was didn't happen because it would have given a different team, a level of energy or comfort to kind of really go for the brass ring, as you said, and but, you know, hopefully they'll be able to execute it at Salesforce. Okay, Did I get everybody's done? This business move, my dumbest business move was myself. Eso I will take E for me, me and anyone else that fucking hedged or shorted the market or sold during the dip in March, I learned the most valuable lesson I've learned in my investing career to date. You just wanna invest in whole chairs and great businesses and not trying time markets because that's always a loser's game on a fool's errand. Andi, I think, you know, worrying about the market going down or up. As long as you hold shares and great businesses. It doesn't matter. Trading is not

for me. It was stupid. Andi. I just feel like a lot of people learned that lesson this year. I've heard a lot of people that kind of freaked out and got out of the market, and then they regretted it and tried to get back in. It was too late, and I read a document that someone wrote, um for me, Andi, she wrote this incredible quote that I had never heard from Buffett, and I'll give it to you Friedberg because it's right. It's very APRA po of this. Buffett had the statement, which is that you know, it's not about timing the market. It is about time in market, and I just think that's so that's so beautiful because it's so simple. But it's basically summarizes exactly what you said, which is Get in, close your eyes and if you if you again, unless for liquidity, you just don't ever sell. Yeah, it's a fool's errand to try to time the market. Sit on your hands, right? You're winners, Andi And he always said, Listen, if a business is, if I own this business and I love it

and it's at a discount, I should wanna own mawr of it. I believe that was another buffet. I don't know the exact quote. Let's go to smart political move and we'll go to our token Republican David tax for that. Well, uh, well, it Z yeah, it's funny you identify me that way because my my smart, smartest political move goes to Congressman Jim Clyburn, Democrat of South Carolina, for endorsing Joe Biden just before the South Carolina primary. A number of people in the buying campaign were panicking. They wanted him to do it early because Biden had bombed and Iowa and New Hampshire and Clyburn kept his powder dry and endorsed Biden at the absolute perfect time it caused by into in South Carolina. And that led him to sweep on Super Tuesday. Jim Clyburn was the King maker of 2020. Without him, Joe Biden would not be president. Wow. Okay, who you got? Freeburg? Smartest political move of 2020 was Joe Biden staying quiet

, hanging out in his bunker and letting Trump to his own damage and the story. I feel like I feel like if you know, that Biden knew that it wasn't his election toe win. It was Trump's election to lose, and I think he let him go out and lose it. And that, to me, was smart advice and and smart action, you know? So he just checked, and he just he just he just slow played a says he hit his sat, he just checked, and he watched him fire. Who do you watch? Math. Smart, smartest political move, which you will not see until 2022 or 23 but laid the groundwork this year. And I thought it was brilliantly done. Was Nikki Haley, who I think will be the Republican nominee for president in 2024. And she did a nun believable job of tricking Trump to believe that he was her supporter, then getting distribution and then basically suddenly telling everybody that she thought that he was an idiot and I thought that she was brilliant. Eso

she didn't look like a rat leaving the ship. She looked like, you know, a rebel or something getting off I think. I think if you want to find somebody to consolidate center right politics in 2020 for my money would be on Nikki Haley. Alright, I went with the smartest political move. I also went for the long game. Pete Buddha Judge going on Fox recently. I think he did obviously a masterful job. You had that sex earlier, but he started going on Fox and basically being really spicy with them and supporting the hell out of um Biden. And then he gets himself this secretary of Transportation and I think he's set up to either be the VP or the presidential candidate, uh, in the future. And he's I think he's gonna be one of the bright stars. I also would, uh, I think Andrew Yang it did. Nothing happened for him this year. Really? I don't know, but I felt like he also is. My understanding is he's going to run for mayor of New York. That was another amazing political

winner in all of this. E don't have anybody has feelings on either of those I love. I love Andrew Yang. I think he's fabulous. He's coming on the part of pragmatic, pragmatic, centrist, smart, capable, competent, uh, he attracted. He attracts a plurality of people on, and I think he's spoken out against cancel culture. And so, you know, whenever I see somebody in the left speaking out against cancel culture and censorship like the waiter meth has that definitely to me elevates them in my book. You saying Chamot is someone from the left? Well, it's amazing how much we agree on, you know? Well, I mean, I think that there's you have this left and right definitions which have become very hard to understand, and I think what we have to get back to Is the American principled idea off freedoms on opportunity. Right? And and And I don't think either of the parties. Actually, we're representing that properly. Dumbest

political move of the year. I think I know where everybody's gonna go with this. But I would like Rudy Giuliani. Rudy Giuliani's press conference at the sex shop. I mean, just I mean, how amateurish is that group of people the Four Seasons gardening? We're gonna get the four. Was they were they trolling us and try to get pressed for it? I don't understand. That one s truly on the for the dumbest political move. Sacks. What do you got? I think I know what Sachs got. Well, I got I got a tie here between one was defund the police, you know, as a political slogan. The whole country, you know, the BLM movement had the whole country on its side after the, you know, the George Floyd video came out. Everybody was in favor of sensible reforms. Thio control the use of force by the police, and then they they introduced the slogan of defund the police and it scared voters across the country into voting for Republicans in Congress, and it

probably cost Joe Biden not the presidency, but Congress and the Mai Mai Tai. The other half of that was Donald Trump refusing Thio wear a mask or Thio endorse Mass. Hey, finally did it, but it was two or three months too late. If he had just gotten on board with Mass, it would've been a very easy thing to do politically. Personally, uh, that could have made the margin of difference. He might still be president if he had gotten on board with Mass about three months earlier. Freeburg, What was your don't? Actually, Yeah, I put making math political more broadly, both the left and the right, pointing fingers about masks. I mean, this is like a human life issue And, um, you know, kind of shaming the Republicans for not wearing masks and making it about where the right guy's You're the wrong guys. Everyone should have avoided pointing fingers and avoided, um, not doing it because the other side was doing it, and it should have never, ever been allowed to become political. It was

pure science. It was about saving lives. And I think both sides are to blame for you know the Democrats tried to make the Republicans look bad because they were advocating for masks and they shouldn't have done that. And the Republicans should not have tried to avoid wearing masks because the Democrats were telling them to wear masks and it was just a total cluster. Um, really sad. And, you know, it could have made a big difference for thousands of lives I to put Trump not advocating for masks as my dumbest political move. I believe he nailed the stimulus, that first stimulus, where he just dropped the $1200 checks and the P p. P and everything he obviously nailed. You know, the Operation Lightspeed and the vaccines. You didn't get credit for it. I don't know if that was political or not that they dropped them the week, the weeks after the election. I think it was I'm a little bit cynical about that. But my God, is there nobody that this man would listen? Thio on Bond? They must have all been telling him in unison. Hey, dipshit, put the mask on will win the election

. The in July and August, the numbers started to go down precipitously and everybody Fauci everybody with half a brain was saying second wave is coming wear masks and he refused to take that stance. And not only did that, he doubled down like the moron he is and started doing rallies. This person is such a complete idiot grifter and just imbecile that he couldn't see the clear path to victory. And he was tempting fate. And of course, he winds up getting co vid. I mean, the Idiocracy of the moment is just so profound he absolutely would have sailed into that second term. We were sitting here on this very podcast and we all believed he was going to sail into the second term when the market started ripping back and the Koven numbers went down. And because of the stupidity of not wearing masks, thank God we got him out. But to the families who lost loved ones, he's a murderer, period

. We're moving on best political theater. Try to be inhaling Trump, inhaling cove it into his body on, then taking the poly clonal antibody to heal himself and show the American population that it's just not that bad. It was the best stunt, the best, the best theater. I've seen and, you know, I don't know what what the hell else could have beaten it this year? I mean, the guy e buckled himself, you know, buttoned up his jacket. He stared out the lights in his face. He was glowing. He had the antibodies rushing through his body. He was healing his body. He was on Speedman e best. I thought the best political theater was when the Democratic leadership did like the Colin Kaepernick one knee in Kinta cloth at the Rotunda. A Can somebody Nick, you just throw the picture

of e. Half of the first half of them are so old they couldn't get down. Picked him back up. They all hit their life alert. Got life alert falling, and I can't get up. 20 life alerts have never got off in the same room A but with kinta cloth were just so over the top. Like you didn't need the kid clothe my best book here in a trump crying on the left. So my best medical theater is I don't know who this congresswoman is, but I am falling in love with her. Her name is Katie Porter. Oh, she takes out a white board. She just she know she's great. She owns people with that white board. It's the greatest. She basically

does math, and people are just I mean, she's done this now two or three times where she just takes people down. And she did it to Mnuchin like she was like, Is today Tuesday? He's like, You know, today's Tuesday. She's like, Can you tell me if today's too? And she just destroys people. Um, like, I just never seen anything like it. Um, and she's awesome. So best political theater from May? I don't know. Uh, David, did we get yours? Well, yeah. I mean, so I thought the French laundry photos, You know, all these politicians violating their own locked down policies was some was some pretty good theater theater. Theater. Yeah, you had. You know, you had you had Gavin Newsom in and London breed dining at French laundry. You had Nancy Pelosi going to that hair salon? Uh, republicans do something like that. Well, I would

I would tell you if I knew of anybody rallies the republicans, but yeah, but the republicans haven't been supporting lockdowns, so, you know, Look, if there was a Republican who was about the Rose Garden Supreme Court, where they had a super spreader event at the White House. But they weren't. But But that wasn't political theater because they weren't violating their own policies. They were saying that people could take the risk. Um, got it. Okay, I'm picking these, uh, politicians because because, yeah, it's the It's the hypocrisy. Uh, the one I loved the best out of all, the hypocritical politicians was the one who was like, Please stay There was the governor of some place Colorado something. And he's like, Please stay home with your family. Do not travel for Thanksgiving. It's gonna be too dangerous. And then they find out he did that tweet while at a Southwest gate, going for this family to Thanksgiving, and they literally have pictures of him on his phone. And the picture was timed at the time Stamp of the tweet. If I have my understanding, correct. I forgot the guy's name

, but there were so many of this. Well, let me let me give you another one. There was L A thea l. A. County supervisor Sheila Kuehl cast the deciding vote to shut down outdoor dining in Los Angeles, only to be photographed eating it for Nao in Santa Monica two hours later. So it's just completely hypocritical. And, you know, this is why there could be a big recall next year in California. I think we have to put political theater as one category off just loathsome political theater, because we're going on to worst political theater. And the stuff we've seen has been pretty horrific. I'm gonna lead us off with my worst political theater, which was the banning of tick tock was absolutely the right thing to Dio. And then they just handed it off as, like, a gift oracle to make money and maybe be their server farm. I don't understand. We were supposed to ban it and get the fuck out of the APP store. And that was just terrible political theater. Anybody else got more political theater that will put in our lows and political theater? Well, you, uh, Jason

, just so you understand that I'm being politically even handed. This is where I had Rudy Giuliani and his tour of self immolation. Uh, wait. He did felt right from from the press conference in front of the crematorium Thio the hair dye meltdown Thio way. I'm calling in order here. We're gonna have a new category to get it covered. Worst Rudy Giuliani Moment Way Giuliani Award next year. Giuliani Way relation award. What is the worst thing? The worst Giuliani moment? Oh, I think I think the saddest moment was the in the borough thing. That was sad because you just felt you just felt like this is an old broken man. Yeah

, it was creepy, and it was just sad. He was desperate and he was creepy. And it was the world's worst lifetime award. The worst, though, was was actually, if you listen to the testimony when he farted, uh, it was really terrible. It was really terrible. Actually, If you listen to the testimony, you're just like, what? Is this guy saying it's out of control? Well, they also I think we have to cut into here the poor woman sitting next to him who was clearly in range. I mean, she's in the blast zone. Hey, rips it. Hey, rips it on and she looks him. She gives him side I but she is so like, scared to react to such an obvious carpet bombing that she just keeps a straight face, but her eyes go on. Uh, that was it Must be forgivable. Must have been a stinker. I

mean, it was loud. It had resonance. It was Yeah. Can I Can I Can I give one? Can I give one other example? And I don't know whether this is best or worst theater, Um, but but that the the congressional hearings with the tech CEOs where the senators grilled all the tech CEOs, and it was definitely it was definitely political theater. But on the other hand, they all deserved it, and there's gonna be more of it next year. Okay, e put that I put that one is my as my worth political theater because I thought what was so depressing about it was how little the congressional, the Congress, people actually understood of these businesses, and they went off on rants and tirades about, you know, you're blocking Republican voice on Twitter and you're doing this and none of it actually focused on, you know, the monopolistic practices. That was the intention of the hearing in the first place when they actually got into those points when they tried to talk about how the ad networks work and how targeting works. They didn't have

any clue. E. I mean, really inside. These companies don't even know how it worked, and they built it. I mean, these people, I'll tell you like I just I just think it's really sad that that that folks in Congress honestly are are so disconnected from understanding technology and understanding, you know, modern business practices. Andi can't actually, you know, tackle the real issues on. But neither does the squad. I mean, AOC didn't understand what a tax break Waas. I mean, so even the young ones don't understand stuff. I mean, we just We're getting the worst possible representation. Okay, Now we're gonna go lightning around with our final two categories. Best mean for me. It was the funeral dancers followed up by Michael Jordan. I took that personally, and I, of course, loved gametes Mix up that one of you maniac all in Army members made. Who do you got? We got best memes. And you got the best name. Toobin, Toobin, Toobin, Toobin, Forever, forever. A cautionary tale about what not to do on a zoom call

. Yes, yes, that would be okay. Arguably in political theater. Let's say no, Uh, anybody else got a mean best or worst. I like the funeral dancers, but, you know, that's a pretty great David. Anything for you. I just want to say to everybody that's listening. I really hope that you guys have an incredible holiday and we can put this year behind us. And I hope for all of you guys that have gone through hard times, just know that, you know, hopefully get some friends to talk to you and family to see and talk to you. And we love you. And we really appreciate that you take the time to listen. And guys, I just want to say to you guys, I love you guys with all my heart. Thank you for helping me get through a very difficult year back at you. And I was very touched by the birthday present you sent me last week. That was just so you want to tell them what you got? You don't tell me what you got, big boy. I mean, listen, e don't wanna cha

meth. I get a big crate at the house. It was I was born in 1970 he got some of the best ones from 1970 put him in a box. And, you know, I I literally had to put them on a shelf and say, Do not drink thes these things cost as much as the test was in the driveways. I mean, some of these bottles are ridiculous. And, uh, I hope to crack them all open with you guys at the house in happy, Honestly, happy, happy 50th birthday Big. It's a big Well, you know, it was it was a little bittersweet, obviously, you know, I was gonna have some kind of party or anything like that. And then what made it particularly hard and challenging? Waas. My birthday was on Saturday, and my friend Tony Shea died on Friday on that day, and I had been dealing with Tony Shea being in a coma for the five for the No. For 10 days before that. And then I found out that that afternoon that they tragically had to pull the plug, or I assume that's what happened. I shouldn't say that I don't speak out of turn

, but this has been a shitty year, and I really hope that anybody out there who is suffering from mental illness or struggling in any way call a friend. And I think the reason this podcast has resonated with so many people and I hear this from people when they listen to the pod is our friendship and and they they they hear us talking. They hear us laugh and they hear us joke and the value of friendship and the love and the joy. And people just can't believe when Chamot says and and men say to each other, they love each other and they can't believe that Sacks almost is able to say it. And they there's people think By episode 25 Sacks will be able to say back to us, but we'll try right now. We'll see if we can close 2020 21. We're all going to say I love you, David Sacks. And then let's just see if this can work. I love you, David Sacks. E David Sacks. Yeah, we'll

take it. Take it. We'll take it. I love you guys. Happy holidays, You guys. You guys in New year, see in the new year by by besties. Okay?