Conversation with Josh Wolfe — Where to be Bearish and Bullish in 2024
May 2, 2024
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Josh Wolfe, Lux Capital co-founder, discusses bullish sectors like aerospace and AI. He shares insights on future investments, Canva use, and major tech companies. Also, explores masculinity and male mentorship with a focus on societal impact.
Investing in emerging technologies requires realism to avoid risks in speculative areas like quantum computing and fusion.
AI's impact on the job market may create new opportunities while potentially protecting blue-collar workers more than white-collar workers.
Deep dives
Josh Wolff Discusses Venture Capital and Emerging Technologies
Josh Wolff, the co-founder of Lux Capital, talks about the current state of venture capital and investments in emerging technologies. He shares insights on the retraction in the venture world, including down rounds and shutdowns. Wolff highlights the importance of being realistic in venture investments and the potential risks in speculative areas like quantum computing and fusion.
Impact of AI on Job Creation and Destruction
The discussion delves into the role of AI in the job market, debating whether it will destroy or create jobs. While acknowledging the potential job disruption, the podcast emphasizes the creation of new job categories due to technological advancements. It explores how AI democratizes opportunities for individuals to express their talents and how blue-collar workers might be more protected than white-collar workers in the changing job landscape.
Reevaluation of Crypto Market and Investment Opportunities
The episode touches on the resurgence of the crypto market and investment opportunities. It discusses the evolution of the crypto landscape, the highs and lows experienced, and the potential near-term future developments. The conversation shifts towards the need for validation in the crypto market, emphasizing the focus on profitability, pricing power, and innovative technology applications.
Masculinity and Mentorship Towards Younger Generations
A segment explores the concept of masculinity and mentorship, advocating for men to guide younger generations positively. It suggests concentric circles of care starting from self-improvement to community involvement. The discussion highlights the importance of men stepping up to mentor young individuals, despite societal skepticism, to address issues of loneliness and provide guidance and support.
Josh Wolfe, the co-founder of Lux Capital, joins Scott to discuss the sectors he’s most excited about and those he thinks are overhyped. We also hear his thoughts on the Magnificent Seven and where the crypto market is seeing new life. Follow Josh on X, @wolfejosh.
Scott opens by giving his thoughts on the protests on college campuses, specifically UCLA.