Albert’s guest is Scott Rickards, president and CEO of Waterfund LLC.


Interview Highlights

  • Nobody has figured out the dollar cost of water
  • We created the water cost index with IBM
  • In New York the cost is $0.25 per cubic meter
  • Water is considered a public good for political purposes
  • California’s problems are not so hard to solve
  • Privatization would be the solution but it’s not going to happen in the short-term
  • Big infrastructure investments made now will pay back several times over
  • Water utilities spend 30% of their budgets on debt servicing
  • Chemicals, energy, and transportation all add to the cost of water
  • Why is there such a gap in infrastructure spending?
  • Insuring the risk of producing water by hedging flood, drought, or red tide
  • Water as a measure of inflation beats the CPI

References & Links We Talked About

WB Wealth Management: An independent registered investment adviser


This program is for informational purposes only and is not an offer or recommendation to buy or sell securities or alternative investments.

Not a substitute for professional financial advice.

Thanks for Listening

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Thanks again to Scott Rickards for joining us on the show!

About Albert K. Lu

_MG_3141_2_framedWhether you’ve been in the investing game for decades or are just starting to plot out your financial strategy, you’ll find host Albert’s insights and big-picture awareness of breaking news essential to sound investing. Albert gathers big guns at the top of their games around his virtual roundtable for a refreshing talk about financial success and investing acumen. Whether they are professional athletes, economists, restaurateurs, or top doers from another walk of life, guests engage with Albert, who provides the perfect sounding board for an intelligent discussion about entrepreneurship and real-life application of economic principles to current events and market forces.

Albert’s money-management approach focuses on wealth preservation under the umbrella of Austrian economics principles. In addition to The Power & Market Report, he is the host of The Economy, a podcast featuring weekly news and opinion. If you want to learn about the true foundation to sound investing and successful entrepreneurship, Albert’s podcasts are a good place to start.

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