![[REPLAY] Albert Wenger - World After Capital - [Invest Like the Best, EP.80]](https://megaphone.imgix.net/podcasts/0e010782-ccce-11ed-87bf-0b6e55896ebf/image/Var_2.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress)
Invest Like the Best with Patrick O'Shaughnessy
[REPLAY] Albert Wenger - World After Capital - [Invest Like the Best, EP.80]
Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.colossus.com
Show Notes
Tap timecodes to jump
My guest this week is Albert Wenger, a managing partner at Union Square Ventures and the author of the book World After Capital.
Albert studied economics at Harvard and earned a PhD in information from technology, but if you’d asked me to guess before looking those up, I’d have guessed that he studied philosophy because of how widely he has thought about the world and the impact of technology.
Our conversation is about how technology is changing the world from an Industrial Age to a knowledge age. We explore how cryptocurrencies, low cost computing, and regulation will impact our future and why the transition may require delicate care.
I loved this conversation because of my obsession with the concept of scarcity. We explore what has been scarce through time and what may be scarce in the future. Albert is one of the most interesting thinkers I’ve come across and was a pleasure to speak with. I hope you enjoy our conversation.
Hash Power is presented by Fidelity Investments
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Links Referenced
World After Capital
Show Notes
– (First Question) – Defining what it means to be human
– World After Capital
– Trans-humans vs neo-humans
– The concept of Qualia
– Albert’s investment philosophy=
– How Albert began his exploration into cryptocurrencies
– Most exciting things blockchains could enable
– How does Albert view blockchain technology from the view of an venture capital investor
Why Albert thinks that the dominate cryptocurrency of our time may not exist just yet and what he is looking for in protocols that will become the leader in the space
– What are the central functions that will be important in cryptocurrencies
The state of regulation in the cryptocurrency space
– What has Albert most excited for the future of blockchain
– The idea of universal basic income
– How do you solve the problem of giving money value in a world of universal basic income
– How scarcity has changed over time
– Role of financial capital in the last 200 years of civilization
– Are we as a society only capable of solving problems once they become an immediate threat
– Explaining the idea of attention as a scarce resource
– The two key drivers of change; zero marginal cost distribution and universality of computational power
What should we as investors and inventors be focusing on as the new objective function
– Scariest aspect of this transition into the knowledge age
– Three basic freedoms we all seek; informational, economic, psychological
– Fermi’s paradox and the scarcity of attention
– How Albert thinks about his own day and wellbeing given all of this information
– Kindest thing anyone has done for Albert
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
This episode is not processed yet. Sign in to queue the transcript and make it useful for search and Q&A.
Sign in to queue transcript (1 credit)
Free to start
Skim the episode first,
Skim the episode first,
then decide if it is worth listening.
Sign up with Google in one click. 10 transcript credits included. No card needed.
Google sign-in · No credit card · 10 free transcript credits