Complementary assets

The technological uncertainty associated with R&D can be partly mitigated through funding and regulatory support that I just mentioned.

But market uncertainty is generally mitigated by the access to complementary assets.

So in a large number of studies have shown that uh even if one is able to develop new technologies uh the inventor's ability to appropriate the value that this new technology generates is a function of uh her access to complementary assets that are needed to take this invention or technology to the market.

So in a very simple sense, complementary assets are all those assets that are required to take the new technology to the market.

These can take different forms.

They can be manufacturing assets, they can be marketing and distribution assets, they can be other complementary technologies required to take the new technology to the market.

So in this kind of a situation and institutional context where such partnerships and contracts flourish would be very useful.

And I believe that we can still work with some more with our regulations and public policy to facilitate this process where markets for complimentary assets, markets for technologies work better, contracts kind of work better.

What do you say?

I think there's a prevailing argument on your side, which is that they're complementary assets.

It is likely that a 73-year-old Luddite named Rick Rule who is familiar with gold for 53 years is an unlikely convert to the crypto side.

There are, however, a whole bunch of younger people more facile with technology who belong in that space and probably have room for gold too.