In this episode of Open Position, GBI & Wealthion CEO Steven Feldman sits down with Dror Poleg—AI economic expert, economic historian, former private equity executive, and combat veteran—to discuss how our economy has completely shifted under our feet. Dror explains that we have moved from a “linear” world of physical assets (like real estate, railroads and shipping) to a “nonlinear” world driven by intangible assets (like software, networks, and AI). Dror says the modern economy now works a lot like show business—where effort doesn’t always equal reward, a single idea can generate billions overnight, and massive companies like Nvidia can grow 10x in just three years. We also dive into the future of AI, the threat of extreme wealth concentration, and a “Norwegian-style” solution to make sure technology benefits everyone, not just the top 1%.
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Chapters:
1:13 How Dror Poleg Ended Up As An Economic Historian and AI Expert
3:00 The New Nonlinear Economy
7:00 From Tankers to Space X
12:10 It’s not the S&P, It’s the Innovators
13:50 Is It True? There Are No Safe Investments Anymore Except “Blockbuster” Investments
17:34 AI: The Medium is the Message, Not the Tool
20:52 When Looking at Investing in Hardware Companies (ex.Drones) Look At the Software First
23:27 Are Companies Like Renaissance Technology and Citadel the Future Model of All Things Economic?
26:28 There Are 3 Ways to Make Money-And Technology is Helping Cheating and Helping Wealth to Become Concentrated Among the Few
28:06 The Capitalist Solution For “Spreading the Wealth”
34:12 The Future Economy-People In Their Garages
37:02 Tech Took Our “Arms and Legs”, AI Is Coming For Our Brain
38:50 Why Dror Is Optimistic About AI
40:18 Steven, the Benefit to “Standing Away From the Herd”
42:13 Steven and Dror On Investing In Space X and Why Dror Isn’t
45:05 Dror’s Investing Philosophy, “Mid-Width Investing”
48:25 Steven: Has It Become Impossible to Get In Early?
52:29 What to Look For When Investing In Real Estate-It’s Not About Interest Rates, It’s About Data Centers
54:30 Real Estate Investing: We’re We Tricked?
59:08 What’s Keeping Dror Up at Night?
1:01:10 What is Dror Solving For?
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