- Investor Chamath Palihapitiya spoke about Bitcoin, climate change and the culture of Silicon Valley embracing failure in a RealVision interview published on Friday.
- The President of Virgin Galactic and CEO of Social Capital also touched on topics such as social media, elite colleges and virtual education.
- Scroll down for his top eight quotes from the interview.
- Visit the Business Insider homepage for more stories.
Billionaire investor Chamath Palihapitiya discussed Bitcoin, climate change and the culture of Silicon Valley in a RealVision interview filmed on November 16 and released on Friday.
The head of social capital and the chairman of Virgin Galactic also spoke about the power of social media, criticized elite colleges and called for changes in virtual education.
Here are his 8 best quotes from the interview, lightly edited and condensed for clarity:
1. “There is a secret hidden in plain sight in Silicon Valley, and that is when you fail, you learn.”
2. “Everyone else is pointing fingers, laughing and laughing at failure. So here it is a real badge of honor.”
3. “You’re much more likely to have The Rock, or Kim Kardashian, or Charli D’Amelio being the next great politician, than you are a person steeped in politics and who really understands what to do” – discuss on the social dimension, the media redistribute power and influence to those who can exploit them.
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4. “The loudest people are never the smartest.”
5. “Climate change has this amazing characteristic that it is a normalization Trojan horse. No one has time to hack and blow things up and be extremist when you focus on economic survival. “
6. “Pragmatist rhetoric is what will cause your mom and grandmother to have Bitcoin in their wallet” – suggesting that demand for cryptocurrencies will be more prevalent if they are presented as hedges or as part of a portfolio rather than as the ultimate investment.
7. “Places like Harvard and Stanford are really corrosive. They’re worthless. They’ve created a monoculture of checkbox dipshits. They are money management institutions that essentially distribute power and influence over the basis of acceptance and admission which only strengthens the rich. class. “
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8. “They should be paid better than an athlete” – calling on the best teachers to attend larger virtual classes while the school remains closed and to be paid much more.