Smith Soc Featured Member
Questions and Answers with Adam Smith Society Members
Peter J. Weicher | UVA Darden Chapter
Peter J. Weicher is an MBA Candidate at the University of Virginia Darden School of Business where he is active in the entrepreneurship community testing new venture concepts in real estate technology. Prior to joining the Darden class of 2019, Peter worked as a consultant at Sapient Global Markets to improve process and technology for investment managers around the world. Peter graduated from Boston College in 2011 with a degree in economics. Peter lives in Virginia with his wife Elizabeth, and enjoys hiking in the Shenandoah Valley.
What’s the most interesting thing about you that we wouldn’t learn from your resume alone?
I am going to be a father, my wife and I are expecting a baby any day now!
How do you curate your intellectual diet? What blogs, publications, etc. do you ready daily?
The Wall Street Journal is the only thing I have time to read every day, but my weekly diet includes National Review, First Things, and articles posted by favorite influencers on social media.
Imagine you are given a million dollars to launch your best entrepreneurial idea. What is it?
Funny you should ask! I am just putting the finishing touches on a pitch competition proposal to provide an online platform for part-time real estate investors that would help them structure private deals, perform investment analysis, and optimize financing. I want to bring professional-grade tools to small scale private investors.
Name something you’ve gained from your membership in the Adam Smith Society that you feel like you could not have gotten elsewhere in your MBA program.
A community of free thinkers who are willing to challenge the status quo debate on economics and government policy in pursuit of truth and the best outcomes for our country.
If you had to choose a theme song for the Adam Smith Society, what would it be?
Free by Zach Brown, because as graduate students, we are “free as we’ll ever be” and “we don’t have a lot of money” . . . yet.
Who is your favorite founding father (or president) and why?
Living at the University of Virginia, I learn new things about our founding fathers everyday. I am currently fascinated by and grateful for Thomas Jefferson, for his philosophy on man’s inalienable rights and his efforts to balance federal power with strong state governments.
NASA sends you to colonize a new planet, but you can only take 3 books: one on political & economic philosophy to help start the govt., one business book to guide entrepreneurs, & a work of fiction to keep everyone entertained. What do you take and why?
For political and economic philosophy, I would bring Capitalism and Freedom by Milton Friedman because of its articulation of economic freedom as a prerequisite for political freedom across a broad spectrum of practical examples.
For business, I would bring the The Lean Startup by Eric Ries. The Lean Startup, although short, offers a wealth of practical advice on how to bring a venture into existence while stressing the importance of minimizing business waste.
For fiction, I would bring my childhood favorite Ender’s Game by Orson Scott Card. I imagine that my travel companions would enjoy and empathize with characters who are also confined to the rooms and hallways of a spaceship.
If Adam Smith and Friedrich Hayek came to your house for dinner, what would you prepare for them to eat?
Our meal would be a demonstration of the fruits of globalization and free trade. Our first course would be a Japanese miso soup, followed by an New York Strip steak from Kansas City accompanied by a French Bordeaux. For dessert, a Viennesse torte and a bottle of Macallan 25 Year Single Malt to help them feel at home.
You have been given the power to completely repeal one government regulation of your choice (federal, state, or local). Which one would it be and why?
I would repeal all state and local regulations that mandate net metering, the requirement that electricity providers purchase power back from homeowners who overproduce on private solar panels. By mandating grid repurchases at retail prices, our system is effectively subsidizing electricity for the rich at the expense of the poor.