(0:00) The Besties welcome Brad Gerstner! (3:48) Economic fallout of the Iran War, escalation scenarios, impact on midterms (19:18) Off ramp strategies, Gulf state involvement, the China angle (27:05) Anthropic and OpenAI scaling revenue faster than any company ever (46:11) AI's PR disaster, open source's future (1:07:51) Washington passes "Millionaire Tax," Howard Schultz bails for Miami Follow Brad: https://x.com/altcap [https://x.com/altcap] Take the survey: https://allin.com/survey [https://allin.com/survey] Apply for Liquidity: https://allinliquidity.com [https://allinliquidity.com] Apply for Summit: https://theallinsummit.com [https://theallinsummit.com] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect] Referenced in the show: https://www.google.com/finance/quote/BZW00:NYMEX [https://www.google.com/finance/quote/BZW00:NYMEX] https://www.cnbc.com/2026/03/11/cargo-ship-struck-strait-of-hormuz-uk-iran-war.html [https://www.cnbc.com/2026/03/11/cargo-ship-struck-strait-of-hormuz-uk-iran-war.html] https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26?post-id=cmmnhwyod000l3b6wdinc1dw5 [https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26?post-id=cmmnhwyod000l3b6wdinc1dw5] https://www.wsj.com/world/middle-east/ending-iran-war-quickly-carries-big-risks-for-the-u-s-and-allies-60c003de [https://www.wsj.com/world/middle-east/ending-iran-war-quickly-carries-big-risks-for-the-u-s-and-allies-60c003de] https://polymarket.com/event/us-forces-enter-iran-by [https://polymarket.com/event/us-forces-enter-iran-by] https://x.com/altcap/status/2029223717356879931 [https://x.com/altcap/status/2029223717356879931] https://www.wsj.com/business/energy-oil/iea-proposes-largest-ever-oil-release-from-strategic-reserves-275f4e5c [https://www.wsj.com/business/energy-oil/iea-proposes-largest-ever-oil-release-from-strategic-reserves-275f4e5c] https://www.wsj.com/opinion/iran-war-oil-operation-epic-fury-mojtaba-khamenei-0d2edb9c [https://www.wsj.com/opinion/iran-war-oil-operation-epic-fury-mojtaba-khamenei-0d2edb9c] https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26 [https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26] https://x.com/sentdefender/status/2031827082934665293 [https://x.com/sentdefender/status/2031827082934665293] https://polymarket.com/event/balance-of-power-2026-midterms [https://polymarket.com/event/balance-of-power-2026-midterms] https://polymarket.com/event/march-inflation-us-annual [https://polymarket.com/event/march-inflation-us-annual] https://www.ft.com/content/7cab4ec7-4712-4137-b602-119a44f771de [https://www.ft.com/content/7cab4ec7-4712-4137-b602-119a44f771de] https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic [https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic] https://www.axios.com/2026/03/06/pentagon-anthropic-amodei-apology [https://www.axios.com/2026/03/06/pentagon-anthropic-amodei-apology] https://www.ft.com/content/97bda2ef-fc06-40b3-a867-f61a711b148b [https://www.ft.com/content/97bda2ef-fc06-40b3-a867-f61a711b148b] https://x.com/WallStreetMav/status/2032115119879045512 [https://x.com/WallStreetMav/status/2032115119879045512] https://x.com/TheChiefNerd/status/2032012809433723158 [https://x.com/TheChiefNerd/status/2032012809433723158] https://www.nbcnews.com/politics/politics-news/poll-majority-voters-say-risks-ai-outweigh-benefits-rcna262196 [https://www.nbcnews.com/politics/politics-news/poll-majority-voters-say-risks-ai-outweigh-benefits-rcna262196] https://hai.stanford.edu/news/most-read-the-stanford-hai-stories-that-defined-ai-in-2025 [https://hai.stanford.edu/news/most-read-the-stanford-hai-stories-that-defined-ai-in-2025] https://x.com/DrTechlash/status/2030734402339365220 [https://x.com/DrTechlash/status/2030734402339365220] https://www.semafor.com/article/12/07/2025/ai-critics-funded-ai-coverage-at-top-newsrooms [https://www.semafor.com/article/12/07/2025/ai-critics-funded-ai-coverage-at-top-newsrooms] https://www.cbsnews.com/news/howard-schultz-starbucks-ceo-leaving-seattle-washington-millionaire-tax/ [https://www.cbsnews.com/news/howard-schultz-starbucks-ceo-leaving-seattle-washington-millionaire-tax/] https://www.politico.com/story/2019/02/13/howard-schultz-2020-taxes-1167363 [https://www.politico.com/story/2019/02/13/howard-schultz-2020-taxes-1167363] https://x.com/chamath/status/2032135944284094910 [https://x.com/chamath/status/2032135944284094910] https://www.hoover.org/research/net-present-value-billionaire-tax-act-assessment-fiscal-effects-californias-proposed [https://www.hoover.org/research/net-present-value-billionaire-tax-act-assessment-fiscal-effects-californias-proposed] https://www.visualcapitalist.com/mapped-which-u-s-states-gained-the-most-residents-in-2025 [https://www.visualcapitalist.com/mapped-which-u-s-states-gained-the-most-residents-in-2025] https://www.sanders.senate.gov/press-releases/news-sanders-and-khanna-introduce-legislation-to-tax-billionaire-wealth-and-invest-in-working-families [https://www.sanders.senate.gov/press-releases/news-sanders-and-khanna-introduce-legislation-to-tax-billionaire-wealth-and-invest-in-working-families]