Chapter
Clarifying Misallocation of Human Capital and Science Breakthrough of the Year
51:00 - 55:11 (04:10)
The speaker emphasizes the importance of not misallocating human capital into endeavors better funded by the government, emphasizes the importance of fusion as a breakthrough, and discusses the expected rate of return for investments in fusion based on the capital asset pricing model.
Clips
The capital asset pricing model helps ensure that human capital is not misallocated into areas best left for government-funded research institutions.
51:00 - 55:11 (04:10)
Capital Asset Pricing Model
Summary
The capital asset pricing model helps ensure that human capital is not misallocated into areas best left for government-funded research institutions. Investing in fusion presents a challenge as the expected rate of return needed is astronomically high.