“I love this concept of a three-tiered approach to capital. You’ve got humanistic capital, you’ve got intellectual capital, and with those two, you drive financial returns.

Let's say you buy Uber or Lyft. They’re really great businesses, but they’re not profitable. Because of the warped way of money printing, the business looks like it’s valuable—but is it? Maybe not.

The symptoms of broken money are everywhere. When a software development process can be done at a fraction of the cost, a fraction of the time, and totally bespoke, where does the value come from? That’s why I think the physical side of things is such an interesting place to look. And maybe hardware is the way to go.”

Jake Woodhouse / Ep.94 / 17:09