Definition
Defense Production Act
1950 US law letting the president direct industry for national defense, now invoked for critical minerals.
From the episode “He Predicted the Lithium Boom in 2016. Everyone Called Him Crazy.”Hear it on the podcast1 episode
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Related terms in Finance & Markets
Copilot licensesSeats for Microsoft 365 Copilot, which Santosh says are a weak proxy for AI ROI.CPACertified Public Accountant.D&ODirectors and officers liability. Protects leadership from claims about their decisions. Now carrying absolute AI exclusions at some carriers.DAO (Decentralized Autonomous Organization)A governance structure in which decisions are made collectively by members using transparent, typically blockchain-based voting mechanisms. Mike advocates for DAOs as the infrastructure for hyper-local charitable giving (his Donaton concept): communities vote on their biggest local problems, and funding is algorithmically allocated based on scoring rather than centralized NGO decision-making. The argument: global NGOs are good at raising money but bad at finding who needs it most; local communities can vote on that with far greater precision.DOGEThe Department of Government Efficiency, which Joe cited as inspiration for recruiting young AI engineers.Double pledgingFraudulently financing the same invoice with two different lenders.E-invoicing registryA government database where businesses must publish invoices, making them provably legitimate.Earnings beat or missWhether reported results came in above or below what analysts expected.