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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]

These were Japanese companies making Japanese 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]

And part of the complaints of the Reagan administration was that Japan was too closed and Japan needed to open up.

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

By contrast, China has been much more open than Japan.

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, most famously, is well known for building Apple's iPhones and Tesla's vehicles.

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 communist system recognized that it was so far behind technological leaders that it mostly threw open the doors with some restrictions to Western companies produced in China and then previously make 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]

mostly foreign goods, only assembling these different components, until at this point, a great deal of Apple's supply chain is made up of Chinese components 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]

It's not quite the Soviet Union.

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's not quite Japan.

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 this ineffable Chinese characteristics also thrown in, which the Chinese people, I think, are highly entrepreneurial, much like the Americans.

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 highly dynamic.

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 take shortcuts.

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 million and one hucksters trying to make a dime and trying to profit and trying to found companies.

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

Maybe we can say that China right now has some of the control paranoia of the Soviet Union, some of the manufacturing excellence of Japan, and some of the American entrepreneurial hustle.

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

Combine all of that, and I think that is part of the reason that I think that China is going to be a pretty formidable power going forward.

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 do.

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 love the work of James C. Scott, former Yale political scientist, anthropologist, who very sadly passed away about a year ago.

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've read pretty much all of Scott's works.

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 if I can throw in another Scott work for listeners, it is The Art of Not Being Governed.

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

which is about highland Southeast Asia, these very mountainous parts of essentially southwestern China, this region that is about as big as Europe, and that includes southwestern China, as well as Vietnam, Laos, Cambodia, northern Thailand.

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

in which various peoples have decided to run away from the state, whether that's the Burmese state or the Tibetan state or especially the Han Chinese state.