Patrick O'Shaughnessy

Please enjoy my great conversation with Zach Dell.

Thank you.

so zach when we first started talking about everything that you're building and doing your whole background it reminded me of this book i think the book was called the grid if i'm not mistaken and it's one of these books kind of like the box which teaches you about shipping containers which sounds so boring and then you dig in and you realize this thing is responsible for so much innovation and infrastructure in the world and i knew nothing about it and i'm embarrassed and now interested

The grid feels like something similar, like anyone listening, like, oh yeah, the grid.

I know the grid's important.

I would love to actually just begin our conversation with you teaching me and us everything you've learned about this thing that powers our whole life and world, why it's so important, but what it is, literally, because I think we think of it as this thing that brings us power, but we don't really know what it actually is.

So maybe just start at the highest level.

There's this interesting thing out there everyone's heard of, no one knows how it works.

Explain it to us.

I'd love you to do something similar to what you just did for what I'll call like the physical and historical piece of this.

It's the three components.

It's broken into these things.

We can all visualize that the wires going to the moon and back and do it for the flow of dollars and talk about the regulatory history here.

I think it's a key part of this.

Utilities that are investor owned have weird quirks.

They've got limits on the returns on equity.

They've got all this strange stuff that people may not know about.

But if I think about there's this big physical infrastructure, I can kind of imagine in my mind

There's a dollar cost and value to the power that gets transmitted through this system to my house or my office or whatever.

I suspect that people haven't thought too deeply about this.