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Dan Wang

๐Ÿ‘ค Speaker
823 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

They have a sense of optimism, and much more so than the Europeans, who have a sense of optimism only about the past.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

Both countries see themselves to be pursuing some sort of a destiny and they're driving really hard towards it.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And something that I'm quite interested in is the path of Chinese futurism.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

There's a lot of ways in which Chinese are much more pro-technology than Americans are.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

China hasn't experienced this broad tech clash that has come across big tech companies in the US.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

There is no sense that tech is partisan.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

because nothing in China is allowed to be partisan.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

There's no sense of a tech right.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And just if we take a look at technology by technology, whether that is something like e-commerce, the rate of e-commerce purchases in China is something like, I believe last I checked, something like twice as high than in the US.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

They have much more of a sense that artificial intelligence could be a friend and something that they don't worry about taking away all of their energy.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And they spend a lot more time on their phones.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And this is not positive.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

This is one of the things that most bugs me about Chinese society today.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

Last when I went to Shanghai in the end of 2024, you can just see people being on their phones all the time.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

You could be with a lot of friends at a restaurant and

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

People could be just on their phones the entire time.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

You could be in a business meeting and people are on their phones.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And on the one hand, that speaks to some sort of social dysfunction among social interactions.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

On the other hand, that also speaks to the fact that they are not very concerned about what smartphones may be doing to their life and their brain.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And I would also want to try to write a little bit about how the Communist Party sees itself to be modernizing the country and how it feels about various technologies that include, let's say, space missions going to the moon and then Mars and moons of Saturn as well.