Author: The Prof G Pod with Scott Galloway

  • State of Play: The Video Game Industry — with Joost van Dreunen

    In this special episode of The Prof G Pod’s Office Hours, we speak with Joost van Dreunen, a professor at NYU Stern, and the author of One Up: Creativity, Competition, and the Global Business of Video Games.

    Joost breaks down the state of play in the video game industry, including the major players and platforms, and the latest around Activision Blizzard and Microsoft. Follow Joost on Twitter, @joosterizer

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  • Prof G Markets: The Nasdaq’s Rally, Threads vs. Twitter, and Yahoo’s Return to the Public Markets

    This week on Prof G Markets, Scott breaks down why the Nasdaq just recorded its best first half of the year in four decades. He then shares his thoughts on Meta’s new Twitter competitor, Threads, and explains why he invested in Yahoo a few years ago, before it staged a comeback.

    Show notes — Apple production cut stories through the years:

    2013.1.13 iPhone 5

    2014.8.22 iPhone 6

    2015.11.10 iPhone

    2016.6.1 iPhone

    2017.10.19 iPhone 8

    2018.1.30 Phone X

    2019.1.8 iPhone

    2020.4.27 iPhone

    2021.6.30 iPhone mini

    2021.4.28 Airpods

    2021.10.12 iPhone 13

    2022.3.28 iPhone SE

    2022.7.1 iPhone 14

    2022.10.25 iPhone 14 Plus

    2023.07.03 Vision Pro

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  • No Mercy / No Malice: More

    As read by George Hahn.

    Super Drug

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  • Why we can’t just blame capitalism for everything

    We’re sharing an episode of The Gray Area from our friends at Vox. 

    The Gray Area is a philosophical take on culture, politics, and your daily life. In the episode we’re sharing with you today, host Sean Illing speaks with New York Magazine writer Eric Levitz about the viability of capitalism, and the “reform versus revolution” debate on the left. It’s a nuanced, thoughtful conversation that we think you’ll really enjoy.

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  • No Mercy / No Malice: Truth

    As read by George Hahn.

    Truth

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  • Interest Rates, the US Economy, and Demographic Change — with Matthew Klein

    Matt Klein, the founder of The Overshoot, and the co-author of “Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace,” joins Scott to discuss the macro environment and why a recession isn’t imminent. Matt also shares how to think about the demographic shifts we’ve seen across various nations. Follow Matt on Twitter, @M_C_Klein

    Scott opens by discussing the attempted mutiny in Russia, shedding light on the power dynamics and ramifications for various players on the geopolitical stage.

    Algebra of Happiness: are you floating? 

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  • Office Hours: Tesla’s EV Charging Partnerships With GM and Ford, the Death of Reddit As We Know It? and Prioritizing Happiness When Making College Decisions

    Scott gives his thoughts on Tesla becoming the EV charging standard. He then takes a question about Reddit’s decision to begin charging for access to its API. He wraps up with advice about making college decisions and says the key is asking yourself, “where will I be happiest the next four years?”

    Music: https://www.davidcuttermusic.com / @dcuttermusic

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  • Prof G Markets: Mutiny in Russia, Adobe’s AI Rally, and the Threat of a UPS Strike

    This week on Prof G Markets, we open with how the mutiny in Russia might impact the global markets. Scott then shares his thoughts on why the U.S. housing supply is so constrained, and what to do about it. He also discusses the package delivery market and what might happen if one of its largest players goes on strike. And finally, he takes a look at the run-up in Adobe’s stock after announcing its AI product, Firefly. Scott also discusses what the tragedy of the OceanGate submersible means for another extreme tourism company, Virgin Galactic, which is set to launch its first revenue-generating flight this week.

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  • No Mercy / No Malice: Origin Story

    AI transcript
    0:00:04 Support for PropG comes from BetterHelp. It’s really empowering to face your fears,
    0:00:07 and now that we’re fully in the Halloween spirit, you can have a lot of chances to
    0:00:10 seek out the things that make you jump. But what about the rest of the year?
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    0:00:33 month. That’s BetterHelpHELP.com/PropG. Support for this show comes from Constant Contact.
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    0:01:19 Do you feel like your leads never lead anywhere? And you’re making content that no one sees,
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    0:01:50 I’m in LA, and it’s been an emotional week on several dimensions. Many of my closest friends
    0:01:56 are celebrating our 50th. It’s wonderful. Any competitiveness, jealousy, or other petty
    0:02:04 bullshit has melted away. All that’s left is collective joy at our friendships and adult
    0:02:10 children to boast about and cap our accomplishments. On the other end of the spectrum, my dad,
    0:02:18 who’s 94, is struggling and no longer recognizes me. I knew it was coming, but still wasn’t prepared.
    0:02:25 All these emotions are colliding and reminding me that much or most of the joy or tragedy in
    0:02:34 our lives is not in our control. This is difficult for humans to accept. So we create an origin story.
    0:02:43 Origin story, as read by George Hahn. This post is originally from early 2023.
    0:02:56 Every one of us has an origin story. We define ourselves by our background,
    0:03:02 the narrative of what made us who we are. However, people often don’t let the truth
    0:03:08 get in the way of a good story, and the narrative of I is often that, a story.
    0:03:17 James Fry found no takers for his novel, so he repackaged it as a memoir, his story,
    0:03:22 which became the number one bestseller a million little pieces.
    0:03:28 Biographies and memoirs are America’s second favorite book genre.
    0:03:33 Ronald Reagan tried to curry favor with Israeli leaders with a story about
    0:03:40 how he helped liberate Nazi death camps in World War II. He didn’t, did his military service in
    0:03:47 Hollywood. Fabricated military service is apparently so common that Congress passed a law against it.
    0:03:53 People embellish their origin stories, as it’s the only thing others have to go on,
    0:04:00 from potential employers and friends to potential mates. We are the product of our circumstances,
    0:04:06 personally and professionally, and a good origin story confers meaning to our life and career.
    0:04:13 We should recognize that and embrace it, but also be honest about it.
    0:04:20 The most important factor in determining a person’s future is when and where they are born.
    0:04:26 Each of us, born into any other situation, would experience a different outcome.
    0:04:31 Just as the market trumps individual performance, so does circumstance.
    0:04:37 I likely would not be an entrepreneur or an academic had I been born in South Sudan.
    0:04:44 If I’d been born in 1920s Germany, I’d likely have been a Nazi who perished on a Russian field.
    0:04:52 This isn’t just true across continents and centuries, it’s also evident at a micro level.
    0:04:56 Being born one year earlier or later can make a big difference.
    0:05:04 People who graduate into a recession earn less for 10 to 15 years than those who graduate
    0:05:12 amid prosperity. Fate also changes block to block. One of the strongest signals of life
    0:05:19 expectancy and much else is the zip code where you’re born. Within the same city,
    0:05:27 life expectancy can vary by 30 years based on zip code. Meanwhile, an American female whose
    0:05:33 parents rank in the bottom decile of earners has a 3 in 10 chance of having a teenage pregnancy.
    0:05:41 For daughters in the top decile, it’s 3 in 100. This all confirms a basic point.
    0:05:45 The cards you’re dealt matter. A lot.
    0:05:54 Your income is the clearest indicator of how much money your kid will make when they’re 30.
    0:05:59 Churn is increasingly a rare earth element in the U.S.
    0:06:05 Per a Georgetown analysis, quote, “It’s better to be born rich than smart.”
    0:06:13 The most talented, disadvantaged children have a lower chance of academic and early
    0:06:20 career success than the least talented affluent children, unquote. However,
    0:06:27 the people dealt the best cards can’t see their hands. The myth of the self-made man is
    0:06:33 rife among U.S. citizens who’ve never faced a draft or registered a devaluation in their currency.
    0:06:37 People who are remora fish on investments made by the U.S. government.
    0:06:44 Tech has raised a cohort of people who simultaneously credit their character for their success
    0:06:52 and blame a rigged market for their failures. The real cage match in tech is entitlement versus
    0:06:59 empathy. The former is winning and that results in a staggering accumulation of power that’s
    0:07:05 amoral, focused only on the aggregation of more power regardless of what happens to people with
    0:07:11 less. Side note, I hope they beat the shit out of each other. Is that wrong?
    0:07:20 Until 40, my story was that I was the son of a single immigrant mother who lived and died a
    0:07:26 secretary. I overcame those humble beginnings to achieve significant success because, you know,
    0:07:33 I’m awesome. After 40, my eyesight began to wane, but I could see clearer.
    0:07:41 I was born a straight white male in 1960s California, which gave me state-sponsored access
    0:07:49 to elite universities. UCLA had an acceptance rate of 76% when I applied. This year, it’s
    0:08:00 less than 9%. Later, Berkeley admitted me to its MBA program with a GPA of, no joke, 2.27 from UCLA.
    0:08:10 Total tuition for all seven years, $8,000. I came of professional age in an era of processing power
    0:08:16 and the internet. I lived in San Francisco where in the decade of the 90s, more wealth was created
    0:08:23 within a seven mile radius than in all of Europe since World War II. I was given a rocket ship
    0:08:29 built by others. To be clear, I’m talented and navigated the ship well, but I wasn’t going to
    0:08:37 soar without the sacrifice and talent of millions of others. The ship blew up several times,
    0:08:44 but I survived and there were other vessels waiting. Luck doesn’t begin to describe my situation.
    0:08:52 My freshman college roommate, Born Gay, took his own life at 33 when his HIV progressed to full
    0:09:00 blown AIDS. Like others, I have faced hardship and absent father and tragedy lost my mom early.
    0:09:07 But each of these losses has played a role in my good fortune. I make my living communicating and
    0:09:13 much of this skill isn’t the result of my own hard work. My dad can captivate any room
    0:09:16 and even though he wasn’t around much, I inherited some of his ability.
    0:09:24 My mom’s sickness and our inability to access good care was a hugely motivating defining moment
    0:09:31 for me. I saw the rough cut of the American story and decided to get my shit together in hopes of
    0:09:36 living a richer life and garnering the resources to take better care of the people who mattered to me.
    0:09:44 Capitalism is brutal and motivating. Lately the balance has swung too far to the former,
    0:09:51 but that’s another post. Supposedly each of us has bits of every material present at the dawn
    0:09:58 of the universe. It makes sense, at least the morning after mushroom chocolates, that our
    0:10:05 matter will also be present in galaxies, stars, planets, organisms birthed trillions of years
    0:10:12 from now. Our stories may or may not make the journey, but the emotions they inspire will become
    0:10:18 instinct, then DNA and this matter will disperse. So the question is,
    0:10:26 distinct from the story you and others tell about yourself? How do you make people feel?
    0:10:32 When people come in contact with you, do they feel insecure or inspired?
    0:10:40 Do you leave people cold or comforted? Do you bring joy, harmony, love?
    0:10:49 I’m in a deficit here. I’ve taken more than I’ve given. I have a debt to pay. I’ve started with my
    0:10:56 boys and I’m working outward from there. Still time. It’s a comforting thought that bits of us
    0:11:03 will live on and arrive at distant places trillions of years from now. We all have our longest journey
    0:11:09 still ahead of us. When you get there, when you show up, what will be felt?
    0:11:14 Distinct from your origin story, what was your real journey?
    0:11:22 There’s only one real journey that matters. Who did you love and who loved you?
    0:11:32 Life is so rich.
    0:11:35 you

    As read by George Hahn.

    Origin Story

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  • The Economy, the Media, and Fatherhood — with Kai Ryssdal

    Kai Ryssdal, the host and senior editor of Marketplace, joins Scott to discuss the state of the economy and his take on the media. We also learn how Kai approaches fatherhood and his thoughts on being a good partner. Follow Kai on Twitter, @kairyssdal

    Scott opens by discussing masculinity, his time at Cannes, and the fact that the number of billionaires in the world has increased five-fold over the past two decades. 

    Algebra of Happiness: are you a friend or a benefactor? 

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