THE PROF G POD WITH SCOTT GALLOWAYHOSTED BYVOX MEDIA PODCAST NETWORK
Bestselling author, professor and entrepreneur Scott Galloway combines business insight and analysis with provocative life and career advice.
On Mondays, Prof G Markets breaks down what’s moving the capital markets, teaching the basics of financial literacy so you can build economic security.
Wednesdays, during Office Hours, Scott answers your questions about business, career, and life.
Thursdays, Scott has a conversation with a blue-flame thinker in the innovation economy.
And Scott closes the week on Saturdays with his Webby Award–winning newsletter, No Mercy / No Malice, as read by actor and raconteur George Hahn.
To resist is futile…
Want to get in touch? Email us, officehours@profgmedia.com
And if it's good corporate governance, you ask that person to recuse himself from the conversation. I was on the board of Gateway Computer. And I said to Gateway when they were raising money, the hedge fund I'm working with would be interested in providing financing. And I said, okay. There's a conflict here because you want the price to be as high as possible for the for the money we're borrowing from you. We want the price to be as low as possible, so you're conflicted, so I recuse myself from conversations. So if there's good governance here in their minority shareholders, they should be able to, for example, sell to another company, make moves that are not in Microsoft's best interest, but in the interest of g 42. So you can have, you know, I would call decent corporate governance here. What you're talking about is really interesting in the sense that at some point, do all of these investments mean that they are this multi tentacled hydra or multi headed hydra where the market becomes ossified because no one can sell to anybody else. Every deal benefits Microsoft. And if a plaintiff's attorney or someone at the DOJ says, we have evidence that all of these investments are disadvantaging the market and creating a less competitive market, then they'll have a case. But they should be able to handle this with good corporate governance. Truth Social, I think that that is I mean, this is a meme stock now. Right? It has absolutely nothing to do with the underlying business, $4,000,000 business. Property will be a bigger business than True Social. And everyone says, oh, the stock is down 70%. It's still worth $4,000,000,000 or a 1,000 times revenue. So it's a meme stock. It's trading on, things other than anything to do with the underlying business or the fundamentals. Now the thing about meme stocks is they always return to gravity. Michael Jordan, when he jumps from the free throw line looks like, oh, this guy can defy gravity. Every time, 100% of the time, he hits the ground again. Gravity is unnegotiable. It's nonnegotiable. And I feel the same way about the markets with respect to meme stocks. And that's whether it's bad bath
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To come out on the ice at the opening of the game, he starts to cry. I have no idea why their bagpipers in Toronto at the least game. And finally, my dad cries because he did can handle bagpipers on ice. Well, okay, dad. Anyways, and then he takes me to this old apartment complex and points out And we've done this 4 or 5 times, and he keeps forgetting that I've actually seen it. And he points to an apartment. He says, that's where you're conceived, which is both awkward and weird. And, anyways, my parents were, met. They were both immigrants came to Canada from, Glasgow and London. Respectively, met in Toronto where my mom was a court reporter. She used to write using shorthand, the the text or what was going on in a courtroom. Can you imagine that? But it was a well timed job. Canada embraced my parents with open arms. My dad was, I think, a candle salesman And they couldn't handle the weather, so they read an article, that said that the place in North America, the city of North America, was had the best weather in all of North America. So they decided this is their analysis. They would load up my parents Austin Mini Metro and my 7 month pregnant mom and drive for 9 days to San Diego. That's why I was born in San Diego because it supposedly, according to the Toronto Global Mail, has the best weather in North America. Anyways, a little background, but I am not headed there. I'm headed to Vancouver. To speak at Ted, which I joke is the widest place on earth. And I've always made fun of it, but, of course, they've asked me to speak. And I said, of course, and I'm excited to go there. I really like the founder, Chris Anderson. I think he's a thoughtful, funny, interesting guy. I think he's actually been a great steward of the brand. I'm excited to go. My buddy Greg Shobe is gonna be there who is Canadian, which means he's very nice and very thoughtful and very handsome. And I'm excited about it. Anyways, I will report live from Ben Foover. Okay. Moving on, speaking of Ted and speaking of speaking, what is the one skill The one skill, when I was asked this the other day, that I would want my kids to develop in high school, I was asked
Misspellings here, some poorly chosen words there, and good communication goes completely out the window. Thankfully, Grammarly is a trusted AI writing partner that saves your company from miscommunication and all the wasted time and money that goes with it. But Grammarly is more than just a grammar check. It can help generate AI prompts or even help you strike the right tone and personalize your writing based on audience and context. We here at the Prop g team use Grammarly, and what I would say is that we take this very seriously. This is something my mother drilled into me at a very young age. If you wanna come across as educated and intelligent, you need to write well. And one of the pillars of that is grammar. Plus, Grammarly integrates seamlessly across 500,000 apps and websites. No cutting, no pacing, no context switching. Personalized on brand writing help is built into your docs, messages, emails, everything. So why not join Grammarly to work faster, hit your goals while keeping your data secure? Learn more at grammarly.com. Support for this episode of Prop G comes from Indo Chino. Picking out a suit to wear to your buddy's wedding doesn't have to be competitive. I mean, sure, you could grab something that fits you okay, looks decent, and smells all right, but why settle for just okay when you can grab a suit that instantly makes you the best dressed person in the room? Endochino makes suits that turn heads in a good way and has everything you need to find your perfect wedding fit, and it doesn't have to cost a fortune either. They make it easy to get a fully customizable, affordable suit without leaving home. Choose from dozens of different high thread count fabrics, colors, and patterns, and get a suit custom tailored to fit better than anything you could buy off the rack. They sent our analyst, Ed, a pair of pants. Ed, how's it going? Love them. Love them, Scott. Fit well. Yeah. They look good. Wear them at least once a week. They're great. Yeah. Thanks, Indochino. Well, yeah. I haven't noticed, but I think your buttocks look sublime. Suits start less than $500, so you can get something bespoke without breaking the bank. When planning your wedding, get a suit as
To the headlines. The consumer price index showed inflation rose 3 a half percent in March from a year earlier. That's slightly stronger than expected and higher than last month. The lingering pressure of inflation has derailed hopes of a rate cut in June, and investors are now expecting the first cut in the late summer or early fall. Gold hit a record high up more than 16% year over year. Central banks are driving the surge as they strengthen their reserves, and China just purchased gold for the 17th month in a row to reduce its dependence on the US dollar. Apple doubled its iPhone production in India last year, assembling $14,000,000,000 worth of the product in the country. 1 in 7 iPhones are now made in India, though China does remain the largest manufacturer. Nelson Peltz lost his bid for a board seat in his proxy battle at Disney after receiving only 31% of the vote. Shareholders voted to reelect the full board, also rejecting Peltz's other nominee, Jay Rasulo, who received only 12% of the vote. And finally, the justice department investigating whether AI companies could be violating antitrust laws. The DOJ is specifically looking into competitors sharing board members, a practice that the Biden administration is increasingly cracking down on. Scott, your thoughts. So in order, consumer price index, I got this wrong. I thought inflation was gonna crash in 2024, and it's stickier than people think, which is sort of interesting, although the markets don't seem to mine it so far. The thing about gold I've never understood gold. I guess in a high interest rate environment, although this isn't arguably a high interest rate, it's just what you would call historically a normal interest rate environment, Gold surge is somewhat befuddling to me. I guess it's a hedge against inflation. It does have some use cases. I wonder if it plays into an increasing conspiracy economy, and that is because of an attention economy where you get to monetize attention and novelty slash conspiracy slash disinformation is just there's just more economic value in it.
