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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]

I think it's China.

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 think China is a high agency, high tea society.

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

Once they decide to build this infrastructure, it comes out and it gleams.

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

Once California decides to build infrastructure, it's 17 years and it's going to be 20 years before anyone is able to get close to riding high-speed rail.

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 various ways to measure something like social trust in China by a lot of conventional measures, like you lose your wallet in the park nearby while someone returned it to you in China, that share is rather low.

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 I was thinking of this definition of social trust from the scholar Francis Fukuyama that said that.

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

He said something like social trust is the measure of spontaneous coordination of people able to

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

get together quickly, make decisions quickly, and act quickly.

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 at least in the early days of COVID, that's something that China really had, where manufacturers were working really well together, tech companies were making it really clear where the fever clinics were on the mapping services, and the government really stepped up in a big way as well.

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 the US, at least in 2020, really did not do any of these sort of things.

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

The pros of the lawyerly society are a guarantee of my favorite value in America, which is pluralism.

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

that there is some measure of robust debate that is guaranteed 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]

And one of the things that really thrills me about having moved back to the US over the last two and a half years now is that

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 just always energy among Americans to try to diagnose their problems and try to improve on 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]

Two weeks ago, I went from New York to Washington, D.C.

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

to speak at the Abundance Conference in D.C., and that is just one strand of the recognition that America has lost a lot of crucial abilities to build homes, transit, all sorts of infrastructure, and we need to get a lot better.

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 think that folks in New York and you're one of these rallying points are helping people to understand the world as it is a little bit better to really try to improve a lot of different things.

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 am plugged into several conversations at the Hoover Institution and there's a tremendous sense that a lot of things in the U.S.

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 not working and we need to get better.

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

The problem is that the U.S.