Invest Like the Best with Patrick O'Shaughnessy
· Gavin Baker, Patrick O'Shaughnessy
That's a testament to the American spirit in our country. We didn't take over the world. There were these fears that were documented at the time that the American generals — MacArthur was a little bit of an American emperor in Japan — were just going to take over the world. And they could have. And they didn't. They came home, we demilitarized, and then you had this period of great global stability between — it was scary, there were terrible moments. [00:00:00] S0: Pax Americana.
· Patrick O'Shaughnessy, Gavin Baker
[00:00:00] S0: Pax Americana. [00:00:00] S1: Yeah, you had the Pax Americana. So maybe it's not destabilizing. Maybe it leads to another Pax Americana informed by our AI dominance. I'm so optimistic that AI is going to be amazing for the world. There's someone like me whose daughter was diagnosed with a very rare disease. There was no cure. He was able to assemble a lot of resources. He was able to get a lot of compute from the labs. We were made aware of what was happening, spun up an immense amount of agents, came up — using AI — with a drug on the market that can actually impact his daughter's disease. And then has spun up a company to cure it. Her life is already immeasurably different because of AI. I'm an AI optimist maximalist, but I also just acknowledge it's like an event horizon. For sure, it is going to be a discontinuity we need to navigate as a society. I think the Luddites are going to be wrong, but we need to be really thoughtful in how we address their concerns. We need to make sure that it's good for everyone. It is a little dystopian that now the best AI is only available to people with a lot of money. We need to solve that. We need to approach this with humility, recognize there's a lot of uncertainty, and be thoughtful. [00:00:00] S0: When I do this with you, I tell people afterwards, "May you find something that you love as much as Gavin loves markets and companies and capitalism and history." On display today as always. Gavin, thanks so much for your time. [00:00:00] S1: Thank you. Thanks, Patrick.