Invest Like the Best with Patrick O'Shaughnessy

Sam Altman - How to Make an Abundant Future - [Invest Like the Best, EP.484]

I think we are at the beginning of an era where, for the first time, we will have AI systems that can do basically all cognitive tasks that humans can do. And then, after that, I think we'll have AI systems that can do cognitive tasks that humans can't do at all. This will be the greatest and fastest creation of wealth in human history — and a total transformation of what society looks like.

Founders

#427 How Raymond Plank Built a $50 Billion Oil Company

Raymond Plank founded Apache Corporation with just $250,000 in 1954. 50 years later his company was worth $50 billion.

Acquired

Vanguard: The communist capitalist who saved investors a trillion dollars (Audio)

Jack Bogle and Vanguard are responsible for a trillion dollars of wealth transfer out of the pockets of Wall Street and the finance industry and into the pockets of individual investors in the form of fees that they didn't have to pay.