Franklin Foer – World Without Mind - [Invest Like the Best, EP.67]
Invest Like the Best with Patrick O'Shaughnessy
Colossus
4.8 • 2.4K Ratings
🗓️ 12 December 2017
⏱️ 57 minutes
🧾️ Download transcript
Summary
My guest this week is Franklin Foer, the author the recently published book “World Without Mind.” The topic of our conversation is one that I’ve been thinking through often this past year: the impact that large technology companies have on our minds and behavior. This conversation is only indirectly related to markets, but given that the companies we discuss are now several of the largest by market cap in the global stock market, what happens to them likely impacts all of our portfolios whether we own them or not. Given that these companies compete for our attention and dollars, they also affect our businesses.
As an example, My friend Brent Beshore and his team at Adventures wrote a long and incredibly thoughtful piece on how they think about Amazon as a force in the market, and how they plan on navigating around such a fierce competitor.
Franklin’s book, especially the early history, is very thought-provoking, so it was no surprise that our conversation was too. Please enjoy our talk on the tech giants.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Links Referenced
Free PDF of The Whole Earth Catalog
Amazon Must Be Stopped (New Republic)
Books Referenced
World Without Mind: The Existential Threat of Big Tech
Show Notes
1:40 - (First Question) – As part of Jonathan’s new book, World Without Mind: The Existential Threat of Big Tech, exploring the idea of the whole earth catalogue.
4:09 – The Whole Earth Catalog
4:36 – Free PDF of The Whole Earth Catalog
4:49 – What happened next for Brand and how he laid the early groundwork for today’s modern Silicon Valley
7:43 – Franklin’s personal journey into writing this book
10:00 – Amazon Must Be Stopped (New Republic)
11:48 – Thoughts on the advancement of technology in our world
15:52 - Filling the gap into Brand’s influence on Silicon Valley from the early 80’s to today
18:57 – How does the current state of the free internet without gatekeepers hold up for the next generation
20:53 – Is there a chance that technology’s unlimited mining of our attention is not the horrible thing we often make it out to be
24:47 – What are the ways we can have a free internet and other technologies, but not let them get perverted
28:09 – How will people respond to our tech monopolies
31:54 – The Lessons of History and the rise and fall of centrist powers
33:02 - A look at Franklin’s work and how its impacted by the reliant on a few large tech companies
35:28 – The dangers that tech giants like Facebook, Amazon, etc, have created for us
40:45 – Is there a technology, company, or trend that Franklin is really excited for
42:19 – Will there be movements that emphasis detachment from technology
44:05 – Why most innovations have happened to people thinking in a very separated or contemplative mode
45:58 – What’s the most exciting thing that Franklin is thinking about now
49:30 – What was the most memorable content in researching this book that Franklin would suggest other check out
49:59 – Hannah Arendt Philosophy
52:37 – Are there specific things that Franklin does to be more contemplative
53:26 – Time Well Spent
54:47 – Kindest thing anyone has done for Franklin
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello and welcome everyone, I'm Patrick O'Shaughnessy and this is Invest Like The Best. |
| 0:08.6 | This show is an open-ended exploration of markets, ideas, methods, stories, and of strategies |
| 0:13.9 | that will help you better invest both your time and your money. |
| 0:17.2 | You can learn more and stay up to date at InvestorFieldGuide.com. |
| 0:24.6 | Patrick O'Shaughnessy is a principal and portfolio manager at O'Shaughnessy Asset Management. |
| 0:28.6 | All opinions expressed by Patrick and podcast guests are solely their own opinions and do |
| 0:32.5 | not reflect the opinion of O'Shaughnessy Asset Management. |
| 0:35.3 | This podcast is for informational purposes only and should not be relied upon as a basis |
| 0:39.2 | for investment decisions. |
| 0:40.5 | Clients of O'Shaughnessy Asset Management may maintain positions in the securities discussed |
| 0:44.2 | in this podcast. |
| 0:46.0 | I guess this week is Franklin Foward, the author of the recently published book, World Without |
| 0:51.0 | Mind. |
| 0:52.0 | The topic of our conversation is one that I've been thinking through often this past year, |
| 0:55.1 | the impact that large technology companies have on our minds and on our behavior. |
| 0:59.3 | This conversation is only indirectly related to markets, but given that the companies we |
| 1:02.9 | discuss are now several of the largest companies by market cap in the global stock market, |
| 1:07.5 | what happens to them likely impacts all of our portfolios whether we own them or not. |
| 1:12.0 | Given that these companies compete for our attention and dollars, they also affect our |
| 1:15.2 | businesses. |
| 1:16.4 | As an example, my friend Brent Beeshure and his team at AdVentures recently wrote a long |
| 1:20.8 | and incredibly thoughtful piece on how they think about Amazon as a force in the market |
... |
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