Kamala surges, Trump at NABJ, recession fears, Middle East escalation, Ackman postpones IPO

4006.883 - 4031.698 Chamath Palihapitiya

I can only repeat what I read, but I'll try to kind of like translate it into non-Wall Street speak. So basically, he has a company. But what that company does is it gets investors to give it slash him money. And then they invest it in all kinds of things that they deem worthwhile. It could be bonds. It could be stocks. It could be currencies. It could be derivatives. They generate a return.