re: Is your total portfolio making more $ than you are?

It’s sheer insanity. SPAC Jesus was on CNBC last week pitching his new investment idea. Sorkin asked for a response about social media’s overwhelming sentiment that he’s effectively a scammer. His response was that it was unfortunate that speculators negative were unfairly skewing sentiment.

That response surprised me and made me question if I confused him with someone else. After a quick google I realized he’s just a sociopath.

Public sentiment about these results were inexplicably unfavorable? It’s crazy pill levels of insanity that networks still offer him their audience.

quote:

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Out of the 10 SPACs launched by Chamath Palihapitiya through his Social Capital firm, 4 were liquidated without finding a target, and 5 of the remaining 6 that completed mergers have suffered severe stock price declines of 70% to over 98%. Only one completed deal (SoFi Technologies) has generated a net positive lifetime return for public investors.

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