Chamath Palihapitiya CEO @SocialCapital, Bestie @theallinpod

“I'm the least invested I've ever been over like the last 15 years. … I'm honestly the most confused I've ever been. And then I compare that to the surety that so many other people have in the market right now. And it just seems like late cycle, late stage behavior.”

Moonshots with Peter Diamandis · Tech Strategy & Big Tech · October 2026

Peter Diamandis asks for his investment advice for the next three years. Chamath says he doesn't know. If forced to choose, he would own cash flow, own power, and use alternative ways of deploying capital.

Moonshots with Peter Diamandis · 2026-10-21 Listen to the episode → More from Chamath Palihapitiya → More Tech Strategy & Big Tech quotes →

Transcript

Moonshots with Peter Diamandis Around 1:56:38 into the episode

Chamath Palihapitiya

…ebb and flow. And it was obvious that the way to penetrate AI in 2015 was in the silicon layer. And to me, but to me, it's now totally saturated and no money will be made. And now I have to go down or go up. And so I chose to do both. But I could be wrong, but that's sort of how I think about it.

Peter Diamandis

I'm going to sneak in one final question on behalf of our viewers. And if you're willing to, what's your investment advice during this hypersonic tsunami right now over the next three years? Where do people place capital? My

Chamath Palihapitiya

…to Salim's point, I'm in this schizophrenia about pivoting towards cash flow. You know, to Dave's question, I have gone up and down the stack. To Alex's question, I'm still trying to figure out whether there's a better way to create liquidity in the public market. So different kinds of assets that have different payoff profiles could be available in the public markets when ASI actually lands. I'm honestly the most confused I've ever been. And then I compare that to the surety that so many other people have in the market right now. And it just seems like late cycle, late stage behavior. And so I'm just kind of like, I don't know, I'm not smart enough to know. And I'd just rather bide my time and think through it all. But if I had to pick, what I would say is I like owning cash flow because I think it'll give me the oxygen to pivot to what will matter. I like owning power because I think it is the constraint, the fundamental constraint of everything for the next 10 or 15 years.…

Peter Diamandis

Yeah, it's tough. All right, we always close out with a fan video, outro song. This one is called Everything is Cooked by Douglas Lance. And just for a little bit of history, Alex has an incredible voice. Alex, you were performing in what when you were younger?

Salim Ismail

Yeah, my first career, this is not widely known, was as a boy soprano performing with the New York City opera company. I performed on stage in Carmen and Labo M, did a tour with Tarendo, and then my voice changed. And then they kicked me out of the New York City opera company. You don't get to be a…

Peter Diamandis

All right. Well, here's another. Playback of your younger self.

Speaker names from our own diarization · position estimated from where the line sits in the episode

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