Nilay Patel
👤 SpeakerAppearances Over Time
Podcast Appearances
And then there is the reality of investing for the long term
When presidents come and go, how are you balancing that?
Is it theater?
Is it real investments?
What is the split?
Do you think that's because people assume that there will be a snapback to normal trade relations in the world, or do you think it's just slow?
Look, I have a rudimentary understanding of economics.
I studied this in undergraduate at the University of Chicago 20 years ago.
My understanding of all this is this is how you equalize labor rates.
You say, OK, you can make the products cheaper overseas.
We'll just put a tariff on top of it.
Now the product is as expensive.
You made it in the United States.
You might as well make it here.
And that is bluntly what the Trump administration is doing.
half-hazardly trying to convey.
But what you're saying is we're Siemens.
We make automation.
We can virtually model the entire factory as a digital twin before you build it.
In AI, we can automate even more.