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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]

Something like two trips that have gone on this year and three more trips that are being planned.

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 so people are visiting.

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 think that there are these marvels out there and it's only on us that we're not going out to discover 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 so if you have the chance to visit, if you have the chance to go inside a factory, definitely take 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]

I strongly believe that it doesn't matter what a factory is making.

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

It is always fascinating, whatever it is.

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 could be the most boring products.

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

I could be making brake pads and I've visited a superbly interesting brake pad factory.

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

I had no idea how these things were made.

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

When I was in China, every time I had the chance to do a factory tour to perhaps eat with the workers, I always took it and I'd tell the factory managers, I'll put away all my electronic devices, I'll sign whatever you need me to sign, but just walk me through the factory floor and that's always a ravishing experience.

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

Yeah.

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

So if we're taking a look at the, let's say, top 0.01% of entrepreneurs, I feel like there's a lot of similarities.

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

When I chat with people who interact with their counterparts, Silicon Valley folks chatting with their counterparts in Beijing, they tend to respect each other and they look upon each other as peers.

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 think there's some ways in which the Silicon Valley folks

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

are a little bit more philosophical.

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're a little bit more engaged with policy and trends and what their impacts of their companies and their technologies are on society, often because the employees make them.

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 think maybe the Chinese entrepreneurs are a little bit more involved with thinking about the political trends, often because the Communist Party makes them.

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

But at a work ethic level, I think they're probably pretty comparable.

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

But if we broaden it out a little bit more, let's say the top 10% of workers, maybe here again, there's more similarities than dissimilarities.

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

I would suspect that the Chinese are putting in more hours just trying to work harder here.