Capitalizing on Tech-Enabled Transformations

Published on
20 July, 2018
Topic
Macro, Technology, China
Duration
76 minutes
Asset class
Equities

Capitalizing on Tech-Enabled Transformations

Featuring Josh Wolfe

In his much-anticipated return to Real Vision, Josh Wolfe, Lux Capital co-founder and managing director, speaks with Thiel Macro’s Michael Green about how 3D printing, virtual reality and the evolution of mathematical applications are bringing equality to the global economy. He explains that digital technology will soon transform the way in which trillions of dollars worth of physical goods are manufactured — and highlights how investors can capitalize as all these shifts occur. Filmed on June 5, 2018 in New York.

Published on
20 July, 2018
Topic
Macro, Technology, China
Duration
76 minutes
Asset class
Equities
Rating
32
Sharing

Comments

  • RM

    Rob M.

    6 12 2018 14:57

    0       0

    outstanding

  • VC

    Vince C.

    31 8 2018 09:00

    1       0

    Enjoyable breadth of discussion from two clearly intelligent men ASIDE from the ignorant statements Mike Green made on China. Being of Chinese ethnicity, I find it downright absurd to even think China has only been around 70 years. China is a 5000 year old civilisation masquerading as a country. Josh's comments on a mean reverting, resurgent China is a more applicable comparison than the Soviet Union. To truly understand why China is doing what it's doing one needs to look from the perspective of the Chinese and not from American thinking. Starting with something basic like understanding the language and culture would help. For the most, I do enjoy Mike's thoughtful comments and look forward to more interviews.

  • MP

    Matias P.

    31 8 2018 05:16

    0       1

    The interviewer should just ask questions, and share his opinions less

  • BB

    Brian B.

    30 7 2018 21:06

    0       0

    Simply Brilliant!

  • BV

    Brad V.

    28 7 2018 10:52

    0       0

    Great interview. The insights that RV offers up can only be recognised through experience and a lot of research. Having a platform that kicks that process off is worth its weight in gold.

  • RA

    Robert A.

    26 7 2018 18:51

    0       2

    Convenience = death. Just go type something or look in the drawer... Do NOT need a 7th finger. Solving problems that don't even need to exist.

  • RA

    Robert A.

    26 7 2018 18:25

    0       1

    Convenience = death.

  • RS

    Richard S.

    26 7 2018 15:57

    1       0

    Absolutely riveting content! This is the stuff that makes RealVision so worthwhile

  • PD

    Pat D.

    25 7 2018 04:40

    2       0

    I counted 45 "Thumbs Down". At first, I struggled to understand how anybody could give a "thumbs down" to this amazing interview, and then I recollected the last part of the interview when they (Mike & Josh) both agreed that the video arcade potentially catered to addicts and future geniuses. It takes all kinds to make this world and differing points of view are actually the rich tapestries that define the progress in our world.

  • CS

    Chuck S.

    24 7 2018 22:49

    0       0

    One of the greatest shows on RVTV. Mike is the king of the long form interview. Fantastic!

  • Sv

    Sid v.

    24 7 2018 22:10

    0       0

    Gosh my life is hum drummm! I wish had people like this to talk to and work with! Great show, thanks

  • Sv

    Sid v.

    24 7 2018 22:10

    0       0

    Gosh my life is hum drummm! I wish had people like this to talk to and work with! Great show, thanks

  • RE

    Richard E.

    24 7 2018 14:30

    3       0

    Great job guys. Truly fascinating.

  • MK

    Michael K.

    24 7 2018 12:56

    0       0

    Great thought pieces interview. Too bad we can’t invest :-p

  • JG

    Jory G.

    23 7 2018 19:34

    1       1

    Best interview yet. Cannot believer anyone gave it a thumbs down.

  • LT

    Lucas T.

    23 7 2018 15:49

    0       0

    It seems most people fall into one of two camps. Either China is going to be the next great thing, so amazing, all conquering, etc etc. Or China is a basket full of lies and deceit and will topple like the house of cards it is under any number of issues from debt to communism.

    I tend to be in the later camp, and more cynical, but it is interesting to hear from guys like Wolf who are so enthusiastic and positive.

  • SS

    Sam S.

    23 7 2018 11:14

    0       0

    A look into the future from two very intelligent gentlemen. Mr. Green does a fantastic job of playing devils advocate, while Mr. Wolfe explains his visions------real visions. I loved it.

  • PV

    P V.

    23 7 2018 08:08

    2       17

    Michael G, please check your history before getting out on a limb and make a fool of yourself...re China's government "lasting only 100 years" you are embarrassing yourself. The last dynasty: 1644-1915, Ming 1388-1644, Tang 618-907 and the list goes on...The assertion that modern China can be understand through the lens of being a communist country is an embarrassment...
    These kind of comments sadly discredit your other opinions and contributions...

  • DV

    Dimitri V.

    23 7 2018 01:09

    7       0

    Mind Blown! Awesome! More Josh Wolfe please

  • GS

    George S.

    22 7 2018 23:10

    2       1

    It's hard to describe how smart Josh Wolfe is! An RV Classic.

  • SA

    Scott A.

    22 7 2018 22:21

    22       0

    This was really really good. How does Mike Green know all of this stuff? RV should add a "what we are reading section".

  • KC

    Kenneth C.

    22 7 2018 17:16

    4       1

    The real compliment to Real Vision is that each new interview tends to be so good that it becomes the best interview so far til then next one supplants it. I woke up kind of late this morning, mind was sluggish and decided to watch this to stimulate the brain. This was the equivalent of Redbull for the brain. Thanks for bringing this to us guys.

  • DB

    Douglas B.

    22 7 2018 17:11

    2       0

    Spectacular. Been a RV subscriber for a year and have to say this was hands down the best interview I have seen thus far. Two brilliant minds in Mike Green and Josh Wolfe. I am very much looking forward to when these two get together again.

  • MK

    Mike K.

    22 7 2018 15:59

    1       0

    The real Josh Wolfe: @wolfejosh (twitter)

  • DR

    Daniel R.

    22 7 2018 09:55

    13       0

    I'm delighted you're giving Mike Green more airtime of late. He's maybe my favorite interviewer in media period - always fully engaged with the interviewee and drawing more out of them.

  • JM

    John M.

    22 7 2018 06:02

    3       0

    Great interview and insights! New respect and appreciation for Michael Green. In previous interviews -- i.e. Chris Cole -- my wife and I have both felt like Michael Green has talked over his guest and has had a condescending 'know it all' attitude. This was totally different and a great step forward. Looking forward to future interviews!

  • HJ

    Harry J.

    22 7 2018 02:11

    2       0

    Love to see and listen to Mike Green.
    Always interesting.
    Som of the guests are good for very young people and some are so far out there the parents and grand parents of today may not live to see this play out.
    Great job RVTV And Mike Green.

  • MS

    Martin S.

    21 7 2018 16:03

    3       0

    Great interview - I really liked it. About the intention-recognizing bracelet: I don't know why, but things like that always bring out the dystopian in me. I can see how it would be a great boon as a user interface technology. But I can also easily imagine that the bracelet would have a wireless internet connection used to automatically upload every "intention" to a server somewhere. The server owners and / or the Government could analyze your "intentions" to best case: sell you more shit, but worst case: run some kind of "pre-crime" analysis in order to come and get you if you pursue some disallowed activity. For example, suppose the bracelet could recognize blocked impulses. Something makes you mad, and it recognizes that you had an aggressive impulse that you suppressed. After a certain number of such occurrences, the bracelet files a report with the authorities who then invite you to mandatory psychotherapy to get you back on track. A further development might be required wearing of the "bracelet" such that your house won't let you out unless you have your bracelet on, your car won't start if you don't have your bracelet on, you can't buy anything without your bracelet, can't use any electronic communication without it, etc.
    So cool technology, but high potential for abuse.

  • je

    james e.

    21 7 2018 14:47

    2       0

    Simply brilliant - on both sides. Josh has a real clarity on the evolution of future technology and Michael is just an amazing conversational interviewer. Just an easy discussion and fascinating to watch between two very smart guys. Would love to have heard some specific investment ideas come from Josh (or Michael) but doesn't matter. Great interview.

  • AL

    Andrew L.

    21 7 2018 13:04

    14       0

    Love Mike Green but I am soooo over the techno optimism of silicon valley where everything is "making the world a better place" ™ How often have we heard the bull argument for 3D printing, autonomous driving etc.? All those bull arguments about the influence of tech over the next decades are at this point tired to anyone that has been paying attention other than Silicon Valley VCs to stroke their egos. The same VCs who's biggest hits are useless social sharing apps. The other hits fall into the sharing-economy and gig-economy molds, AirBnB, Uber, various last-mile delivery TaskRabbit shit jobs. These all indicate that in our economy technology can enable a rich, dynamic way for a dwindling middle class to cope financially. These transformative companies do not indicate a bullish economy. If they did people would be spending more money to stay at and fund stable hotels that pay staff instead of staying at someone else's house on AirBnB. These kinds of companies are being subsidized by the ignorance of their users. The drivers find out they are barely breaking even only a few years in and can't afford health-care. The homes available for rent don't indicate a dynamic rich economy they indicate people are hurting, either can't sell or need funds bc 9-5 / retirement fund ain't cutting it. Theres lots of excited optimism in tech but the harder I look not lots to be optimistic about.

  • GS

    Gordon S.

    21 7 2018 12:52

    8       0

    One feature I’ve requested and seen requested constantly are “show notes” - links to stuff mentioned in the conversation. This is a sketch of how I would imagine them to look like for this episode (of course I did not find everything mentioned, but in theory RV could :)). Maybe they’ll help and you find the idea useful.

    ***

    ##################
    Twitter

    Josh Wolfe @joshwolfe from Lux Capital
    https://www.luxcapital.com/
    Michael Green @profplum99 from Thiel Macro

    ##################
    Private Companies

    Shapewaves [3D printed product design]
    https://www.shapeways.com/
    Desktop Metal [Metal 3D printing]
    https://www.desktopmetal.com/
    (what seems like the mentioned 3D printed part for BMW https://www.sicurauto.it/news/bmw-si-da-alla-stampa-3d-e-compra-desktop-metal.html)
    Zoox [Full stack autonomous driving]
    https://zoox.com/
    Cruise [GM acquired autonomous driving]
    https://getcruise.com/
    CryptoKitties [Crypto assets]
    https://www.cryptokitties.co/
    Google Cardboard [Google VR]
    https://vr.google.com/cardboard/
    Hikvision [Surveillance]
    https://www.hikvision.com/en/
    SenseTime [AI Surveillance]
    https://www.sensetime.com/
    DingTalk [Messenging]
    https://www.dingtalk.com/en
    DJI [Drones]
    https://www.dji.com/
    Kallyope [Human Health]
    https://www.kallyope.com/
    Nest [Home IoT from Google]
    https://nest.com/
    Fortnite [Video Game]
    https://www.epicgames.com/fortnite/en-US/battle-pass/season-5
    Roblox [Video Game]
    https://www.roblox.com/
    Shazam [Music Recognition]
    https://www.shazam.com/

    ##################
    Public Companies

    BMW
    GM
    Uber
    Lyft
    Softbank
    Apple
    Huawei
    Google
    Amazon
    Microsoft
    Facebook
    Snapchat
    Alibaba
    Tecent
    Spotify
    Roomba
    Sony

    ##################
    Movies, TV shows & Books:

    Star Trek [TV Series]
    https://www.imdb.com/title/tt0060028/
    Wag The Dog [Movie]
    https://www.imdb.com/title/tt0120885/
    Westworld [TV Series]
    https://www.imdb.com/title/tt0475784/
    Rocky IV [Movie]
    https://www.imdb.com/title/tt0089927/
    1984 [Movie, Book]
    https://www.imdb.com/title/tt0087803/
    Minority Report [Movie]
    https://www.imdb.com/title/tt0181689/

    ##################
    Other things:
    CRISPR [Wikipedia]
    https://en.wikipedia.org/wiki/CRISPR
    Paperclip thought experiment [The Verge Article]
    https://www.theverge.com/tldr/2017/10/11/16457742/ai-paperclips-thought-experiment-game-frank-lantz
    A Magazine Is an iPad That Does Not Work [YouTube]
    https://www.youtube.com/watch?v=aXV-yaFmQNk

    ##################
    Maybe further suggested reads on the discussed topics? By interviewers and maybe crowd sourced?

    Here would be those on the top of my mind:

    The incredible inventions of intuitive AI [Ted Talk]
    https://www.ted.com/talks/maurice_conti_the_incredible_inventions_of_intuitive_ai
    How China's "Pragmatic Authoritarianism" And Russia's "Illiberal Democracy" Have Averted "The End Of History" [Zero Hedge Article]
    https://www.zerohedge.com/news/2018-04-29/how-chinas-pragmatic-authoritarianism-and-russias-illiberal-democracy-have-averted
    "Dystopia" In Chinese Surveillance... Looks A Lot Like US Surveillance [Zero Hedge Article]
    https://www.zerohedge.com/news/2018-07-10/dystopia-chinese-surveillance-looks-lot-us-surveillance

    Maybe you could add yours as a comment to experiment with the concept?

    [I mirrored the list with active hyperlinks on my blog: https://gordonschuecker.com/2018/07/21/real-vision-show-notes-capitalizing-on-tech-enabled-transformations/]

  • GS

    Gordon S.

    21 7 2018 12:51

    1       0

    One feature I’ve requested and seen requested constantly are “show notes” - links to stuff mentioned in the conversation. This is a sketch of how I would imagine them to look like for this episode (of course I did not find everything mentioned, but in theory RV could :)). Maybe they’ll help and you find the idea useful.

    ***

    ##################
    Twitter

    Josh Wolfe @joshwolfe from Lux Capital
    https://www.luxcapital.com/
    Michael Green @profplum99 from Thiel Macro

    ##################
    Private Companies

    Shapewaves [3D printed product design]
    https://www.shapeways.com/
    Desktop Metal [Metal 3D printing]
    https://www.desktopmetal.com/
    (what seems like the mentioned 3D printed part for BMW https://www.sicurauto.it/news/bmw-si-da-alla-stampa-3d-e-compra-desktop-metal.html)
    Zoox [Full stack autonomous driving]
    https://zoox.com/
    Cruise [GM acquired autonomous driving]
    https://getcruise.com/
    CryptoKitties [Crypto assets]
    https://www.cryptokitties.co/
    Google Cardboard [Google VR]
    https://vr.google.com/cardboard/
    Hikvision [Surveillance]
    https://www.hikvision.com/en/
    SenseTime [AI Surveillance]
    https://www.sensetime.com/
    DingTalk [Messenging]
    https://www.dingtalk.com/en
    DJI [Drones]
    https://www.dji.com/
    Kallyope [Human Health]
    https://www.kallyope.com/
    Nest [Home IoT from Google]
    https://nest.com/
    Fortnite [Video Game]
    https://www.epicgames.com/fortnite/en-US/battle-pass/season-5
    Roblox [Video Game]
    https://www.roblox.com/
    Shazam [Music Recognition]
    https://www.shazam.com/

    ##################
    Public Companies

    BMW
    GM
    Uber
    Lyft
    Softbank
    Apple
    Huawei
    Google
    Amazon
    Microsoft
    Facebook
    Snapchat
    Alibaba
    Tecent
    Spotify
    Roomba
    Sony

    ##################
    Movies, TV shows & Books:

    Star Trek [TV Series]
    https://www.imdb.com/title/tt0060028/
    Wag The Dog [Movie]
    https://www.imdb.com/title/tt0120885/
    Westworld [TV Series]
    https://www.imdb.com/title/tt0475784/
    Rocky IV [Movie]
    https://www.imdb.com/title/tt0089927/
    1984 [Movie, Book]
    https://www.imdb.com/title/tt0087803/
    Minority Report [Movie]
    https://www.imdb.com/title/tt0181689/

    ##################
    Other things:
    CRISPR [Wikipedia]
    https://en.wikipedia.org/wiki/CRISPR
    Paperclip thought experiment [The Verge Article]
    https://www.theverge.com/tldr/2017/10/11/16457742/ai-paperclips-thought-experiment-game-frank-lantz
    A Magazine Is an iPad That Does Not Work [YouTube]
    https://www.youtube.com/watch?v=aXV-yaFmQNk

    ##################
    Maybe further suggested reads on the discussed topics? By interviewers and maybe crowd sourced?

    Here would be those on the top of my mind:

    The incredible inventions of intuitive AI [Ted Talk]
    https://www.ted.com/talks/maurice_conti_the_incredible_inventions_of_intuitive_ai
    How China's "Pragmatic Authoritarianism" And Russia's "Illiberal Democracy" Have Averted "The End Of History" [Zero Hedge Article]
    https://www.zerohedge.com/news/2018-04-29/how-chinas-pragmatic-authoritarianism-and-russias-illiberal-democracy-have-averted
    "Dystopia" In Chinese Surveillance... Looks A Lot Like US Surveillance [Zero Hedge Article]
    https://www.zerohedge.com/news/2018-07-10/dystopia-chinese-surveillance-looks-lot-us-surveillance

    Maybe you could add yours as a comment to experiment with the concept?

    [I mirrored the list with active hyperlinks on my blog: https://gordonschuecker.com/2018/07/21/real-vision-show-notes-capitalizing-on-tech-enabled-transformations/]

  • BF

    Bret F.

    21 7 2018 08:04

    3       0

    Interesting ideas for sure. But when and where is the natural order of life. When do we lose control and become unhuman?

  • SB

    S. B.

    21 7 2018 06:35

    6       0

    too short, should be 4-5 episodes :-)

  • CM

    Carl M.

    21 7 2018 05:32

    1       0

    Like Taggart in Blazing Saddles, I, as a true "provincial putz," add a "Ditto" to the positive comments heretofore.

    I would have liked more discussion on "energy" tech as a game changing disruptor.

  • jh

    janet h.

    21 7 2018 03:16

    3       0

    WOW great interview....love the enthusiasm regarding the future!

  • PB

    Pieter B.

    21 7 2018 01:42

    3       0

    Wow so much value! Massive thanks!

  • DL

    David L.

    20 7 2018 22:11

    3       0

    Phenomenal guys. Excellent content. Bravo!

  • SB

    Sulinder B.

    20 7 2018 18:24

    3       0

    If anyone wants to follow Josh on Twitter,it's actually @wolfejosh...

  • dj

    daniel j.

    20 7 2018 18:21

    3       0

    This deserves two thumbs up!! :-)

  • GL

    Geoffrey L.

    20 7 2018 17:45

    2       2

    This was absolutely fascinating and got really good when talking about China. Definitely taking Mike Green's side here and I'm not sure how Josh can talk about China's lack of revanchism when it has been one of its singularly most defining domestic policy issues, especially under Xi. I mean, they're literally building islands in the South China Sea. They are doing everything in their power to establish supremacy over Taiwan. They may suffer major economic collapse that prevents their ascendancy but it's not like their efforts aren't there. And if we know one thing, it's that a country like China, run by Communists, let's not forget, is more than willing to let its people suffer in order to flex its muscles or rather than admit its wrong.

  • TR

    Todd R.

    20 7 2018 17:17

    6       0

    this was so good. i think one of my all time favorites.

  • SS

    Steve S.

    20 7 2018 12:51

    26       4

    I never thought it would be possible but Michael Green has surpassed Grant Williams and is now the top dog interviewer on Real Vision. Never seen a bad interview with him in it. Amazing. Loved this.

  • MG

    Mohamed G.

    20 7 2018 12:26

    31       3

    Michael Green is a fkn G. All his interviews are gold.