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Out To Lunch: Water Works

Grant Morris
/
It's New Orleans

Oceanfront property is desirable, unless the ocean is meant to be hundreds of miles from your front door. Webster Pierce Jr. is the inventor of a hunk of plastic called the Wave Robber. Anchored off the coast of rapidly disappearing Louisiana, it upends the natural process of waves washing away land by robbing them of their power, but unlike a traditional breakwater, siphons the silt out of the wave to create new land.

Sarah Mack is a pioneer in the field of business and governmental cooperation to save the wetlands. In the kind of public/private financing model that property developers have employed to rejuvenate urban wastelands, Dr. Mack marries carbon credits with the carbon-saving properties of wetlands to create a win-win financing model to pay for massive-scale wetland remediation.

In the Pay It Forward segment of this show, Peter and our two waterworks pioneers discuss another local revolutionary land-saving business, NanoFex. In an Out to Lunch first, David Culpepper, founder of NanoFex, offers a truly ground-level investment opportunity to join him.

Peter Ricchiuti is the finance professor you wish you had back in college! His insight and humor have twice made him the top professor at Tulane University's A.B. Freeman School of Business. After a successful career on Wall Street, Ricchiuti served for five years as Assistant State Treasurer and Chief Investment Officer for the State of Louisiana. There he skillfully managed the State's $3 billion investment portfolio.