56 min

Eli Dourado - Frontiers for Productivity Invest Like the Best with Patrick O'Shaughnessy

    • Investing

My guest today is Eli Dourado, economist and senior research fellow at the Center for Growth and Opportunity at Utah State University. In our discussion, we touch on the ongoing stagnation in labor productivity, the system constraints, and some of the innovative technologies that could reverse this trend. While Eli identifies as an economist, his wealth of knowledge on biotech innovation, alternative energy, and the space opportunity are sure to leave you craving more. I hope you enjoy my conversation with Eli. 
 
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you've been scrambling to keep up with the deluge of IPOs and SPACs these days, Canalyst has models on Coinbase, Roblox, Qualtrics, and everything in between. Learn more and try Canalyst for yourself at canalyst.com/patrick.
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This episode is brought to you by MIT Investment Management Company – MITIMCo, the endowment office of MIT. MITIMCo seeks to find people who are focused on achieving exceptional long-term investment returns, partner with these firms early, and stick around for the very long term. 
 
MITIMCo is also searching for an exceptional new teammate to join their internal investment team. Visit mitimco.org to learn more – click “Join” to learn more about the Global Investor Role on MITIMCo’s team or and click “Emerging Managers” to learn more about their emerging manager activities.
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Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. 
 
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
 
Follow us on Twitter: @patrick_oshag | @JoinColossus
 
Show Notes
[00:03:28] - [First question] - Why he’s interested the great stagnation
[00:05:41] - Is a fair analog for total factor productivity technology?
[00:07:29] - Leading theories for the stagnation in TFP
[00:09:05] - Analysis of why growth is good, and stagnation is bad
[00:10:19] - Rate limiters that are a key part of calculating stagnation
[00:11:43] - Signs that we may be returning to a higher degree of TFP returning
[00:12:24] - Exciting developments like MRNA in biotech that may lead to an explosion of innovation
[00:16:16] - Functions of a protein and their role in advances in biotech
[00:17:55] - What CRISPR is and what it unlocks for the future of humanity
[00:19:31] - The pace of progression when rolling our clinical trials of cellular engineering
[00:21:36] - How biotech may play a role in TFP as a proxy for progress and growth
[00:22:51] - Interesting observations about potential innovation in the energy sector
[00:24:10] - What currently requires energy that could be optimized if they had a lower energy cost
[00:25:34] - Sources that could provide cheaper and more efficient energy
[00:27:13] - Sage Geosystems and the future of the geothermal space
[00:27:43] - The importance of batteries in the modern era
[00:29:02] - Why energy should be a more pivotal focus in our future
[00:29:41] - What’s interesting in the world of transportation writ large
[00:31:02] - Boom’s story, supersonic air travel, and why concord shut down
[00:34:55] - Mach 5 and March 12 supersonic air travel
[00:36:19] - Second-order effects of reducing the time cost of air travel
[00:38:19] - Liftoff, SpaceX, and the future of the space sector
[00:43:07] - Other key players in space people could study; Blue Origin and Relativity Space
[00:45:15] - What will we do in space once we can travel there cheaply
[00:46:39] - What he’s most curious about in IT that could drive productive societal growth
[00:50:07] - Ethereum and h

My guest today is Eli Dourado, economist and senior research fellow at the Center for Growth and Opportunity at Utah State University. In our discussion, we touch on the ongoing stagnation in labor productivity, the system constraints, and some of the innovative technologies that could reverse this trend. While Eli identifies as an economist, his wealth of knowledge on biotech innovation, alternative energy, and the space opportunity are sure to leave you craving more. I hope you enjoy my conversation with Eli. 
 
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
------
This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you've been scrambling to keep up with the deluge of IPOs and SPACs these days, Canalyst has models on Coinbase, Roblox, Qualtrics, and everything in between. Learn more and try Canalyst for yourself at canalyst.com/patrick.
------
This episode is brought to you by MIT Investment Management Company – MITIMCo, the endowment office of MIT. MITIMCo seeks to find people who are focused on achieving exceptional long-term investment returns, partner with these firms early, and stick around for the very long term. 
 
MITIMCo is also searching for an exceptional new teammate to join their internal investment team. Visit mitimco.org to learn more – click “Join” to learn more about the Global Investor Role on MITIMCo’s team or and click “Emerging Managers” to learn more about their emerging manager activities.
------
Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. 
 
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
 
Follow us on Twitter: @patrick_oshag | @JoinColossus
 
Show Notes
[00:03:28] - [First question] - Why he’s interested the great stagnation
[00:05:41] - Is a fair analog for total factor productivity technology?
[00:07:29] - Leading theories for the stagnation in TFP
[00:09:05] - Analysis of why growth is good, and stagnation is bad
[00:10:19] - Rate limiters that are a key part of calculating stagnation
[00:11:43] - Signs that we may be returning to a higher degree of TFP returning
[00:12:24] - Exciting developments like MRNA in biotech that may lead to an explosion of innovation
[00:16:16] - Functions of a protein and their role in advances in biotech
[00:17:55] - What CRISPR is and what it unlocks for the future of humanity
[00:19:31] - The pace of progression when rolling our clinical trials of cellular engineering
[00:21:36] - How biotech may play a role in TFP as a proxy for progress and growth
[00:22:51] - Interesting observations about potential innovation in the energy sector
[00:24:10] - What currently requires energy that could be optimized if they had a lower energy cost
[00:25:34] - Sources that could provide cheaper and more efficient energy
[00:27:13] - Sage Geosystems and the future of the geothermal space
[00:27:43] - The importance of batteries in the modern era
[00:29:02] - Why energy should be a more pivotal focus in our future
[00:29:41] - What’s interesting in the world of transportation writ large
[00:31:02] - Boom’s story, supersonic air travel, and why concord shut down
[00:34:55] - Mach 5 and March 12 supersonic air travel
[00:36:19] - Second-order effects of reducing the time cost of air travel
[00:38:19] - Liftoff, SpaceX, and the future of the space sector
[00:43:07] - Other key players in space people could study; Blue Origin and Relativity Space
[00:45:15] - What will we do in space once we can travel there cheaply
[00:46:39] - What he’s most curious about in IT that could drive productive societal growth
[00:50:07] - Ethereum and h

56 min

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