Palihapitiya: 'In the SPAC phase I torched four or five billion dollars'
Chamath Palihapitiya · Pain, Power & The Game Nobody Wins | Chamath Palihapitiya x Nikhil Kamath | People by WTF · Nikhil Kamath · Mar 2, 2026 · at 53:39
Chamath Palihapitiya discusses his major financial drawdowns and the investing lessons learned from high-leverage misallocations.
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“The SPAC phase I torched, like, four or five billion dollars.”
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Palihapitiya is highly sympathetic to enacting broad student loan forgiveness
“I've become quite sympathetic to this idea of doing something in student loans, potentially even, you know, some form of, like, forgiveness. Because it's become completely, completely broken. It is a noose on the necks of these young people.”