{"id":1593,"date":"2026-06-22T17:06:49","date_gmt":"2026-06-22T17:06:49","guid":{"rendered":"https:\/\/americanhomejournals.com\/?p=1593"},"modified":"2026-06-22T17:06:49","modified_gmt":"2026-06-22T17:06:49","slug":"why-venture-capitalist-chamath-palihapitiya-is-getting-roasted-for-saying-possessions-are-worthless","status":"publish","type":"post","link":"https:\/\/americanhomejournals.com\/?p=1593","title":{"rendered":"Why venture capitalist Chamath Palihapitiya is getting roasted for saying possessions are ‘worthless’"},"content":{"rendered":"
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Venture capitalist Chamath Palihapitiya is getting roasted on X for saying possessions are “worthless.”<\/p>\n

Read more I interviewed Alan Greenspan 10 years ago. His lessons about \u2018irrational exuberance\u2019 ring true now more than ever.<\/a><\/p>\n

In a video posted on his YouTube channel on Friday, Palihapitiya said possessions are “a sign of insecurity, and they’re a sign of a rampant ego, and they’re a sign of an unsettled mind.”<\/p>\n

In the video, Palihapitiya is wearing a plush, unbranded, off-white hoodie. There are no obvious clues about its maker, but some online sleuths have been quick to say it’s a Loro Piana, the Italian brand synonymous with quiet luxury and famously behind Kendall Roy’s $625 baseball cap in “Succession.”<\/p>\n

Some people shared screenshots on X of the brand’s creamy-colored Breia Hooded Sweatshirt, which retails for just over $2,700.<\/p>\n

“Chamath telling you this while wearing a $2400 Loro Piana Breia sweatshirt is pure comedy,” one person wrote in an X post, which received over 5,000 likes.<\/p>\n

Palihapitiya said on X on Sunday that the sweater he wore is not a Loro Piana. Business Insider was not able to reach Palihapitiya for comment.<\/p>\n

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This isn\u2019t Loro Piana. I\u2019ve moved on.<\/p>\n

\u2014 Chamath Palihapitiya (@chamath) June 21, 2026<\/p><\/blockquote><\/div>\n

While the sweatshirt he is wearing in the video does not seem to match the Loro Piano Breia sweatshirt \u2014 they have, for example, slightly different necklines \u2014 Palihapitiya has long been perceived as a luxury aficionado, and he has spoken fondly of the Loro Piano label before.<\/p>\n

In an episode of his”All-In” podcast that aired in 2022, he shared an anecdote about taking venture capitalist David Sacks to his tailor and to a Loro Piana store.<\/p>\n

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