Markets – MondaysOffice Hours – WednesdaysConversations – ThursdaysFirst Time Founders

July 15, 2024

Markets: Prof G Markets: Nike’s Dramatic Downfall & Britain’s Road to Economic Recovery

Scott and Ed open the show with a discussion around why Microsoft and Apple have relinquished their board observer seats at OpenAI. Then Scott breaks down Nike’s fall from dominance, shares some insight from when Nike was a client at L2, and considers if the stock is a buy. Finally, Scott and Ed discuss the state of the UK economy post-election and Ed identifies his largest point of concern with the Labour party’s manifesto.

July 11, 2024

Markets: Project 2025 & An Inside Scoop on Trump’s Presidency — ft. Anthony Scaramucci

Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, joins the show to break down the fascism of Project 2025 and how a second term for Trump could become a totalitarian regime. He discusses why he thinks voters need to support Biden if he’s the Democratic candidate, but reveals who he thinks would have the greatest chance of beating Trump. He also shares some personal stories about what it was like to serve as the Communications Director in the Trump White House.

July 08, 2024

Markets: How the Debate Moved the Market & Wall Street’s Take on Trump - with Josh Brown

Josh Brown, co-founder and CEO of Ritholtz Wealth Management, fills in for Scott to talk about how the markets reacted to the Presidential debate. Then Josh and Ed discuss how Trump and Biden presidencies could impact investors and Josh breaks down why he isn’t concerned about Trump’s potential tariffs on China.

July 01, 2024

Markets: Rivian and Volkswagen’s New Partnership + Scott’s Tax Strategy

Scott shares his thoughts on Volkswagen’s investment in Rivian and why he thinks the electrical vehicle industry is entering the “Valley of Death”. Then Scott and Ed discuss JPMorgan’s tax management business and Scott breaks down different tax avoidance strategies he thinks more young people should know about.

June 27, 2024

Markets: How Stoicism Makes Us Better at Money — ft. Ryan Holiday

Ryan Holiday, one of the world’s foremost philosophers of the modern era, joins the show to talk about how stoicism can improve our perspective on money. He discusses how to handle wins and losses in every situation and why limiting your options can lead to better decisions. He also advises on some healthy habits that can help improve your financial responsibility.

June 24, 2024

Markets: Netflix’s New Entertainment Venues & Scott’s Takeaways from Cannes

Scott shares his thoughts on the new “Netflix Houses” and why he thinks Netflix has some of the most valuable IP in the entertainment industry. Then Scott talks about his experience at Cannes Lions and what the festival has demonstrated about the state of the advertising industry.

June 20, 2024

Markets: The Changing World Order & the Power of Diversification — ft. Ray Dalio

Ray Dalio, founder of the largest hedge fund in the world, Bridgewater Associates, joins the show to break down America’s place in a shifting world order. He discusses the mechanics of the U.S. deficit, and identifies an asset he’d go long on to hedge against economically uncertain times. He also shares personal tips on how he developed a saving mentality long before he became one of the most successful investors of all time.

June 17, 2024

Markets: Raspberry Pi’s London IPO & Mistral’s $640M Funding Round

Scott shares his thoughts on why Raspberry Pi chose to list on the London Stock Exchange and what its debut means for the UK market. Then Scott and Ed break down Mistral’s new funding round and discuss whether its valuation is deserved. They also take a look at the healthcare tech firm, Tempus AI, and consider if the company is participating in AI-washing.

June 13, 2024

Markets: How FOMO, Doom, and Ego Impact Your Money — ft. Morgan Housel

Morgan Housel, New York Times bestselling author of “The Psychology of Money,” joins the show to break down some of the worst traits an investor can have. He also discusses the difference between being wealthy and being rich, how to deal with uncertainty in the markets, and how he thinks about giving money to his kids.

June 10, 2024

Markets: The Texas Stock Exchange + Is Short Selling a Dying Strategy?

Scott shares his thoughts on why the new Texas Stock Exchange could be an appealing choice for certain companies. He also explains how it's a symptom of a larger issue: the politicization of everything. Then Scott and Ed break down the role that short sellers have historically played in the market and why the unprecedented bull run of the past 15 years has diminished the strategy’s returns.

June 06, 2024

Markets: Will Paramount & Skydance Merge? + A Visit with Sam Bankman Fried in Prison — ft. William Cohan

William Cohan, New York Times bestselling author and founding partner of Puck, joins the show to break down the terms of Skydance’s offer to merge with Paramount. He explains one sticking point that may be holding up the deal, and offers his thoughts on who could benefit from this saga. He also shares what he learned from his visit with Sam Bankman Fried in prison.

June 03, 2024

Markets: Prof G Markets: OpenAI’s New Content Deals + Latin America’s Most Valuable Financial Institution

Scott shares his thoughts on OpenAI’s content deal with Vox and if it means ChatGPT will now be training on this podcast’s content. Then Scott and Ed break down why Nubank’s shares have rallied so much this year, and what barriers stand in the way of it becoming a super-app.

May 27, 2024

Markets: Prof G Markets: Nvidia’s Blowout Earnings & Stock Split + Britain’s Damaged Economy

Scott shares his thoughts on Nvidia’s incredible first quarter earnings and breaks down what its stock split means for investors. He and Ed then look at the UK’s upcoming election in light of the country’s struggling economy. Plus, they discuss some of the cultural differences they’ve experienced living in the US versus the UK.

May 20, 2024

Markets: Prof G Markets: GameStop & Market Manipulation + Is AI Becoming a Bubble, and Is Nvidia Safe?

Scott shares his thoughts on the brief meme stock resurgence of last week and considers whether Keith Gill, otherwise known as Roaring Kitty, should be accused of market manipulation. Then Scott and Ed discuss xAI’s potential deal with Oracle and question if investments in AI could be reaching bubble territory.

May 13, 2024

Markets: Prof G Markets: Bob Iger’s Bad Day, Trump Media’s Fraudulent Auditor, and Uber’s Venture Investments

Scott shares his thoughts on Disney and Warner Bros. Discovery’s latest earnings and what they mean for the streaming space. He then reflects on the implications of Trump Media’s auditing firm being charged with fraud. Finally, Scott and Ed discuss Uber’s Q1 earnings and why the company swung to a major loss in the first quarter.

May 06, 2024

Markets: Prof G Markets: First Quarter Review — with Aswath Damodaran

Aswath Damodaran returns to the show to discuss the impact AI had on Big Tech’s Q1 earnings. He breaks down the significance behind Meta and Google’s decisions to start paying a dividend and what it means about their places in the corporate lifecycle. He also shares his thoughts on the death of corporate governance at tech companies. Finally, he explains why May will be a “make or break” month for the mood of the markets – and how you should invest accordingly.

April 29, 2024

Markets: Prof G Markets: Tesla’s Terrible Earnings, the FTC’s Noncompete Ban, and 24/7 Trading at the NYSE

Scott shares his thoughts on why Tesla’s stock surged, despite worse than expected first quarter earnings. He then reflects on how a ban on noncompete agreements will be beneficial for workers. Finally, Scott and Ed discuss the benefits and drawbacks of 24/7 trading at the New York Stock Exchange.

April 22, 2024

Markets: Prof G Markets: Will Tesla Reward Elon and Move to Texas? + Bank Earnings and Basel Endgame

Scott takes a look at Tesla’s new shareholder vote and speaks with Charles Elson, Founding Director of the Weinberg Center for Corporate Governance at the University of Delaware, about the original ruling on Elon’s pay package and whether the superstar CEO will get his way this time around. Then Scott and Ed break down the latest big bank earnings and discuss “Basel III endgame,” a proposal for stricter capital requirements at banks following last year’s banking crisis.

April 15, 2024

Markets: Prof G Markets: ByteDance’s Blowout Profit, Kalshi & Events Betting, and Dude Perfect’s Big Deal

Scott shares his thoughts on the latest financial figures from ByteDance and discusses if he would buy shares on the secondary market. He then takes a look at a platform for trading on event outcomes that just attracted a big market maker. Finally, Scott and Ed discuss one of the largest deals in YouTube history, and what it says about the creator economy.

Pre-order "The Algebra of Wealth" out April 23rd

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April 08, 2024

Markets: Prof G Markets: Scott’s Investment Portfolio — a Breakdown

Scott shares how he allocates his investment portfolio between asset classes. He explains how he gains access to certain investment opportunities, and why he can take greater risks than most people. He also shares his biggest losses from the past year, and his biggest wins.

Pre-order "The Algebra of Wealth" out April 23rd

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April 01, 2024

Markets: Prof G Markets: Trump’s Memestock Goes Public, the Problem with DEI, and Daniel Kahneman’s Legacy

Scott and Ed break down Truth Social’s first couple days on the public market and question how Trump might cash out of his shares. Scott then takes a look at a report that reveals how ineffective corporate diversity, equity, and inclusion programs can be. Finally, Scott discusses the work of Daniel Kahneman, a Nobel Prize winning economist who greatly influenced how he thinks about money. 
Further reading: Carnivirus
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Pre-order "The Algebra of Wealth" out April 23rd

March 25, 2024

Markets: Prof G Markets: Reddit Reignites the IPO Market, Microsoft’s AI All-Stars, and Private Equity Perks

Scott breaks down why he bought shares in Reddit’s IPO and what he thinks its first day pop means for the IPO market. He then takes a look at Mustafa Suleyman’s controversial move from Inflection AI to Microsoft. Finally, he explains why Calpers is increasing its investments in private equity — the best performing asset class of the past decade — and questions whether those returns are sustainable or cyclical.

Listen to our interview with Mustafa Suleyman from September.

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March 18, 2024

Markets: Prof G Markets: Is Boeing a Buy? AI Picks & Shovels (and Scott’s Ketamine Trip)

Scott shares the most impactful parts of his recent (and totally unrelated to the markets) ketamine trip. Then George Ferguson, senior Aerospace, Defense, and Airline analyst for Bloomberg Intelligence, joins the show to break down what Boeing’s crisis means for the future of the company and its competitors. Finally, Scott and Ed take a look at an AI-adjacent investment area that’s starting to get a lot more attention.

March 11, 2024

Markets: Prof G Markets: Live From SXSW

Live from SXSW at Atlassian’s Austin office, Scott and Ed break down Nelson Peltz’s white paper on Disney and the dangers of a proxy fight. They also discuss the latest TikTok ban and Scott explains why he thinks this one will work. Finally, they address the big question: given the tremendous AI-driven market rally, are we in a bubble?

March 04, 2024

Markets: Prof G Markets: What Killed the Apple Car? Shein Eyes a London IPO, and The Granolas

Scott shares his thoughts on what might have been the final nail in the coffin for the decade-long effort to build an Apple car. He also discusses what it means for Shein to explore an IPO in the UK instead of the U.S., and explains why he’d still like to invest in the company. Finally, he and Ed take a look at a group of stocks in Europe garnering attention for a genius branding play.

February 26, 2024

Markets: Prof G Markets: Nvidia’s Superpower, Reddit’s Democratized IPO, & the Capital One-Discover Deal

Scott discusses what’s unique about Reddit’s upcoming IPO and shares his thoughts on its $60 million AI content licensing deal with Google. We also break down Capital One’s acquisition of Discover, and Scott makes a prediction around whether or not it will be approved. Finally, Scott and Ed take a look at Nvidia’s supreme impact on the global markets.

February 19, 2024

Markets: Prof G Markets: Arm’s AI Rally, Lyft’s Earnings Mistake, and Airbnb’s Trading Premium

Scott breaks down why Airbnb’s stock fell despite strong earnings, and explains why he’s considering selling some of his largest holding. He then discusses Lyft’s earnings report typo and shares a similar personal story. Finally, he takes a look at Arm’s stock and questions whether its rally is owed to AI hype or AI washing.

February 12, 2024

Markets: Prof G Markets: Fourth Quarter Review — with Aswath Damodaran

Aswath Damodaran returns to the show to discuss the Magnificent Seven and how to look under the radar for the next generation of big companies. He breaks down the consolidating streaming industry and explains why he’s never owned Netflix. He also shares why he recently added Tesla to his portfolio, and why he calls it his corporate teenager. Finally, he offers some advice on navigating the Chinese market.

February 05, 2024

Markets: Prof G Markets: Paramount’s Suitors, Nepo Babies on the LVMH Board, and Elon’s Voided Pay Plan

Scott shares his thoughts on Byron Allen’s $14.3 billion offer to buy Paramount, and identifies who would be a better acquirer. He also breaks down the latest earnings from luxury powerhouse LVMH, explains why its stock has underperformed, and discusses the problems with family businesses. Finally, he takes a look at the outcome of the shareholder lawsuit against Elon Musk.

January 29, 2024

Markets: Prof G Markets: Why Netflix Dominates, China’s Economic Strife, and a Year of Reckoning for Startups

Scott shares his thoughts on why VC-backed startups are burning through so much cash, and what 2024 has in store for them. He then breaks down Netflix’s latest earnings and discusses its unexpected competition. Finally, he takes a look at China’s markets in light of the country’s struggling economy.

January 22, 2024

Markets: Prof G Markets: The Most Profitable Year in Banking History, Elon’s Tesla Stake, and Firing People

Scott shares his thoughts on Elon Musk’s demands for a 25% stake in Tesla. He also takes a look at the latest bank earnings and breaks down why 2023 was the most profitable year ever for JP Morgan Chase, while Citigroup swung to a loss in the fourth quarter. He also discusses best practices for firing or letting people go.

January 15, 2024

Markets: Prof G Markets: Carta and the Secondary Market, Bitcoin ETFs, and Scott’s 2024 Investment Strategy

Scott shares his thoughts on who stands to win and lose after the SEC’s approval of eleven bitcoin ETFs. He also discusses a scandal in the startup world and explains why there’s enormous opportunity in the secondary market. Finally, he breaks down his investment plans for 2024.

January 08, 2024

Markets: Prof G Markets: Breaking Down 2024 Predictions + Audience Comments and Pushback

Scott and Ed discuss predictions for 2024 including Scott’s stock picks, OpenAI’s valuation, and the future of Youtube, Tiktok, Whatsapp, and GLP-1 drugs. They also discuss comments from the predictions livestream audience and address pushback on some of Scott’s takes. Finally, we hear 2024 predictions from our listeners.

December 18, 2023

Markets: Prof G Markets: Epic Defeats Google, Ohtani’s Dodgers Contract, and Argentina Devalues the Peso

Scott shares his thoughts on why Google lost Epic’s lawsuit, while Apple was able to win in a similar case. He then discusses what it means to devalue a currency, and whether or not Argentina can turn its economy around. Finally, he breaks down the largest sports contract in history, and explains what working professionals can learn from it when it comes time to negotiate compensation.

December 11, 2023

Markets: Prof G Markets: Bitcoin’s Rally, Elon’s xAI Fundraising, and Alaska Airlines Acquires Hawaiian

Scott breaks down his wins and loses amid crypto’s bull market this year. He also shares his thoughts on the state of the airline industry and whether or not Hawaiian Airlines could make a good merger arbitrage trade. Finally, he and Ed discuss why Elon Musk needs to raise $1 billion for his AI company.

December 04, 2023

Markets: Prof G Markets: Goldman and Apple Part Ways, Shein and Temu, and Charlie Munger’s Legacy

Scott shares his thoughts on the contradicting narratives around Goldman and Apple’s partnership. He also discusses the fast fashion industry and its externalities. Finally, he takes a look at Charlie Munger’s legacy.

November 27, 2023

Markets: Prof G Markets: Scott’s Nine Businesses

Scott tells the story of his career in entrepreneurship, from starting a video rental company before business school, to going public with Red Envelope, to founding Prof G Media. He shares what was most meaningful about those experiences, and what was most surprising.

November 20, 2023

Markets: Prof G Markets: ByteDance’s Black Box, Target’s Inventory Turnaround, and the Resale Watch Market

Scott shares his thoughts on the latest revenue numbers from ByteDance, and whether or not we can trust any numbers coming from a private Chinese company. He also breaks down Target’s huge earnings beat, and discusses why luxury watches shouldn’t be treated as investments.

November 13, 2023

Markets: Prof G Markets: OpenAI’s Dev Day, Disney vs. Warner Bros. Discovery, and Uber’s Branding Turnaround

Scott shares his thoughts on Uber’s second consecutive quarter of profitability. He then breaks down why Disney had a better quarter than Warner Bros. Discovery, despite facing the same headwinds. Finally, we hear the latest from OpenAI’s developer event and Sam Altman’s keynote address.

November 06, 2023

Markets: Prof G Markets: Third Quarter Review — with Aswath Damodaran

Scott shares his thoughts on WeWork’s bankruptcy, Saudi Arabia’s World Cup bid, and Disney’s full ownership of Hulu. Then Aswath Damodaran returns to the show to break down third quarter earnings season. They discuss Meta, Netflix and streaming, Instacart, the Ozempic effect, Birkenstock, Google, and Aswath’s new valuation for Tesla.

October 30, 2023

Markets: Prof G Markets: Meta’s Monster Quarter, Buying Elon’s Twitter Debt, and America’s Deficit

Scott breaks down Meta’s and Snap’s earnings and explains why he’d be interested in taking some of Elon’s $13 billion in Twitter debt off the banks’ hands. He also discusses potential solutions to the U.S. deficit with Ed.

October 23, 2023

Markets: Prof G Markets: Goldman’s Earnings Slump, an ETF for Options Trading, and Fractional Jet Ownership

Scott breaks down the big bank earnings and explains why Goldman seems to be struggling more than its competitors. He then shares his thoughts on an ETF that makes options trading more accessible for retail investors. Finally, he discusses the different business models of private aviation and why fractional jet ownership is on the rise.

October 16, 2023

Markets: Prof G Markets: Exxon Buys Pioneer, Private Credit, and Ireland’s Sovereign Wealth Fund

This week on Prof G Markets, Scott shares his thoughts on Exxon’s $60 billion acquisition of Pioneer. He then explains why private credit firms are essentially marketing organizations, and why you’re better off investing in index funds. Scott also takes a look at Ireland’s new sovereign wealth fund and proposes a global minimum corporate tax.

October 09, 2023

Markets: Prof G Markets: Ozempic’s Market Impacts and Surging Bond Yields — with Downtown Josh Brown

This week on Prof G Markets, Scott shares his thoughts on which stocks and sectors could get a boost or take a hit from Ozempic’s increasing popularity. Then, Josh Brown, CEO of Ritholtz Wealth, joins the show to help break down why bond yields have surged the past few weeks.

October 02, 2023

Markets: Prof G Markets: OpenAI’s $90 Billion Valuation, FTC Takes on Amazon, and The Recession is Coming

This week on Prof G Markets, Scott shares his thoughts on OpenAI’s new valuation and Amazon’s investment in Anthropic. He also debates the FTC’s case against Amazon with Ed. Finally, he explains why he thinks a recession is on the way (for real this time).

Vote now for Prof G Markets at the Signal Awards

September 25, 2023

Markets: Prof G Markets: The Broken IPO Market, Disney’s Parks Investment, and Buying FTX Bankruptcy Claims

This week on Prof G Markets, Scott reflects on the results of the latest tech IPOs and questions if the public markets are in structural decline. He then shares his thoughts on Disney’s $60 billion investment in its parks and cruises business. Scott also discusses the latest family drama in the FTX saga, and explains how he plans to make money off of the company’s bankruptcy claims.

Vote now for Prof G Markets at the Signal Awards

September 18, 2023

Markets: Prof G Markets: Google’s Antitrust Trial, Birkenstock’s IPO, and Surge Pricing at the Pub

This week on Prof G Markets, Scott makes a case for breaking up Google. He then shares his excitement around Birkenstock going public, and discusses the merits of surge pricing across industries — even at the pub.

September 11, 2023

Markets: Prof G Markets: Arm’s IPO, Instacart’s Valuation, and Salesforce’s Year of Efficiency

This week on Prof G Markets, Scott shares his thoughts on Arm’s imminent IPO and what it will mean for the company’s largest shareholder, Softbank. He then takes a look at Instacart’s business model and valuation as it waits in the wings to go public as well. Finally, Scott discusses the biggest learnings from Salesforce’s latest earnings.

August 28, 2023

Markets: Prof G Markets: First Time Founders with Ed Elson — ft. Eli Wachs of Footprint

This week on Prof G Markets, we premier a new segment: Ed interviews founders to gain insight into the startup market and the experience of founding a company, then Scott then shares his thoughts on the given company’s business model and offers advice to the founder. First up in the hot seat: Eli Wachs, founder of data security company Footprint. Follow Eli on Twitter, @EliWachs.

August 21, 2023

Markets: Prof G Markets: How Scott Manages His Money

In a sweeping conversation, Scott shares the source of his anxieties around money, how he thinks about money and marriage, his approach to spending, and his financial plan for his death. Finally, he answers one big question: is wealth worth the work?

August 14, 2023

Markets: Prof G Markets: NVIDIA’s Valuation and AI’s Negative Sum Game — with Aswath Damodaran

This week on Prof G Markets, Scott speaks with Aswath Damodaran, professor of finance at NYU’s Stern School of Business, about his valuation for NVIDIA, tech’s rally this year, the implications of AI when every company has it, and opportunities in the markets right now. Follow Aswath on Twitter, @AswathDamodaran.

August 07, 2023

Markets: Prof G Markets: Jerome Powell, Disinflation, and Gauging the Recession Threat — with Catherine Rampell

This week on Prof G Markets, Scott speaks with Washington Post Columnist Catherine Rampell about the latest in the Fed’s rate hiking campaign, the lingering threat of a recession, and a solution to many of America’s economic problems. Follow Catherine on Twitter, @crampell.

July 31, 2023

Markets: Prof G Markets: Twitter’s Rebrand to X, Mattel’s IP Playbook, and What’s Next for Snap

This week on Prof G Markets, Scott shares his thoughts on Twitter rebranding as “X,” and takes us through some of the best and worst branding moves in corporate history. He then takes a look at Mattel’s media strategy on the heels of Barbie’s blockbusting performance at the box office. Finally, he makes a prediction about where Snap is headed given continued weakness in the digital ad market.

July 24, 2023

Markets: Prof G Markets: Carvana and Corporate Governance, Hollywood vs. Microsoft, and Oddity’s IPO

This week on Prof G Markets, Scott shares his thoughts on Carvana’s questionable governance in light of its recent debt restructuring. He then explains why Hollywood writers and actors should be picketing outside of Microsoft instead of the studios. Scott also discusses the successful public debut of Oddity, a beauty AI company, and why he tends to hold onto stocks for at least a year, even if they seem like momentum trades.

July 17, 2023

Markets: Prof G Markets: Inflation’s Descent, Sam Altman’s SPAC, and Private Equity’s Latest Target

This week on Prof G Markets, Scott breaks down what the latest inflation data means for the American economy. He then shares his thoughts on OpenAI CEO Sam Altman taking a nuclear power company public via SPAC. Finally, he explains why private equity firms are circling mom-and-pop businesses.

July 10, 2023

Markets: 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.

June 26, 2023

Markets: 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.

June 19, 2023

Markets: Prof G Markets: The Demise of Bud Light, the Fed Pause, and Andreessen Horowitz’s London Office

This week on Prof G Markets, Scott shares his thoughts on the latest decision from the Federal Reserve and how its rate hiking campaign has impacted his investing strategy. He then discusses why the UK Prime Minister is excited that Andreessen Horowitz is opening a London office. Finally, he explains how Bud Light should have handled its marketing controversy, and how drinking preferences are changing the beer market.

June 12, 2023

Markets: Prof G Markets: Apple’s Headset Bet, Sequoia’s Big Breakup, and Hypocrisy at the PGA Tour

This week on Prof G Markets, Scott shares his thoughts on what product Apple should be focused on to create more shareholder value, rather than its Vision Pro headset. He also explains the real reason why Sequoia Capital is spinning off its China and India units. And finally, he discusses the PGA Tour’s decision to merge with Saudi Arabia’s LIV Golf.

June 05, 2023

Markets: Prof G Markets: NVIDIA’s $1 Trillion Valuation, Pairs Trading, and Understanding Analyst Estimates

This week on Prof G Markets, Scott examines why NVIDIA has left other chip makers such as Intel in the dust. He also explains why he’s thinking of taking up a pairs trading strategy to hedge against today’s market dynamics. And finally Scott and Ed take a listener question about where analyst estimates come from.

May 29, 2023

Markets: Prof G Markets: (HBO) Max, Chipotle & Cava’s IPO, Private Equity’s Public Sales, and the TikTok Ban

This week on Prof G Markets, Scott shares his thoughts on what he thinks is the worst ever rebrand: HBO’s shift to Max. He then takes a look at fast casual restaurant Cava’s IPO filing and examines why its competitor Chipotle is one of the best performing stocks this year. Scott also discusses why private equity firms hold on to shares of companies in the public markets (hint: it’s a racket). Finally, in this week’s Unpack, we hear about each of the legal challenges Montana’s TikTok ban will face.

May 22, 2023

Markets: Prof G Markets: Alibaba and Mercado Libre, Share Buybacks vs. Dividends, and National Credit Ratings

This week on Prof G Markets, Scott shares his thoughts on two titans of e-commerce (that aren’t Amazon), and how to assess government risk when investing. He also explains why share buybacks have surged in popularity compared to dividends. Finally, he discusses why population decline is sending national credit ratings towards junk status.

May 15, 2023

Markets: Prof G Markets: The Writers' Strike, the Art of the Earnings Call, & Microsoft’s Nuclear Fusion Bet

This week on Prof G Markets, Scott shares his thoughts on how the business model of television has changed, and why the new model gives the studios the upper hand in the writers’ strike. He then explains the importance of positioning a company as the hunter on an earnings call, rather than the hunted — particularly amid this AI hype cycle. Finally, he takes a look at Microsoft’s agreement to buy energy from Helion, a nuclear fusion startup, and shares why nuclear is an area he’d invest in.

May 08, 2023

Markets: Prof G Markets: The FDIC Limit, the Coinbase Lawsuit, and the Business of Formula 1

This week on Prof G Markets, Scott shares his thoughts on Vice’s imminent bankruptcy, Hindenburg’s latest short position, and Chegg’s battered stock. He then discusses raising the FDIC limit and the potential consolidation of the banking industry, and weighs in on a lawsuit accusing Coinbase insiders of dumping shares soon after its direct listing. Finally, he discusses the growing success of Formula 1 in the U.S., and tells a story of his time at the Miami race last year.

May 01, 2023

Markets: Prof G Markets: Fox’s Stock After Tucker Carlson, J&J’s IPO Roadshow, and Google and Meta’s Earnings

This week on Prof G Markets, Scott shares his thoughts on why Fox doesn’t need Tucker Carlson, even if the markets reacted poorly to his departure. He then sheds light on how companies prepare for IPOs, and takes a look at Google and Meta’s first quarter results, which seem promising for digital advertising. Finally, in this week’s Unpack, we take a look at the innovator's dilemma and why it’s punishing the king of search.

April 24, 2023

Markets: Prof G Markets: Apple's High Yield Savings Accounts, Shifting to Bonds, and AI vs. IP

This week on Prof G Markets, Scott shares his thoughts on how Apple just became one of the largest banks by market capitalization in the world. He also explains why he’s thinking of shifting some of his portfolio to bonds, and discusses why Reddit wants to charge AI companies for access to its API.

April 17, 2023

Markets: Prof G Markets: Paying for Crypto’s Sins — with Mike Novogratz

This week on Prof G Markets, Scott speaks with Mike Novogratz, the founder and CEO of Galaxy Investment Partners, about crypto sociopaths and what it was like to look Sam Bankman-Fried in the eye just weeks before FTX’s collapse. They also discuss what’s next for Binance, government regulations, and why Mike doesn’t want Bitcoin to go to $1 million any time soon.

April 10, 2023

Markets: Prof G Markets: Liquidity and Portfolio Management in an Inflationary Decade — With Lyn Alden

This week on Prof G Markets, Scott speaks with Lyn Alden, an independent analyst and full time investor, about banking regulations, the promises of borderless bitcoin technology, and her three pillar investment strategy. They also discuss the productivity gains of AI, opportunities in mispriced assets, and how commercial real estate is unraveling like a slow motion train wreck.

April 03, 2023

Markets: Prof G Markets: First Citizens Acquires SVB, Hindenburg Shorts Block, and Nike vs. Hermès

This week on Prof G Markets, Scott shares his thoughts on Silicon Valley Bank’s new owner and explains why distressed assets are some of the best places to invest. He also shares his thoughts on why he thinks Hindenburg’s latest short position might be a reach, and takes a look at the latest earnings from specialty retail including Lululemon, Nike, and Hermès.

March 27, 2023

Markets: Prof G Markets: Why TikTok Will Be Spun, Credit Suisse, the Big Bitcoin Bet, and Blank Street Coffee

This week on Prof G Markets, Scott explains why he thinks TikTok is headed for a spin-out rather than a ban. He then breaks down Credit Suisse’s spectacular fall from grace and shares his thoughts on the million dollar bet on bitcoin and hyper inflation. We close out with a look at Blank Street Coffee’s brand strategy after its latest funding round.

Dig further: read Fast Company's story on Blank Street Coffee.

March 20, 2023

Markets: Prof G Markets: SVB’s Collapse, the U.S. Banking System, Venture Catastrophists, and What’s Next

This week on Prof G Markets, Scott and Ed unpack what happened to Silicon Valley Bank and what its stress test means for the strength of the U.S. banking system. They also discuss how branding has played a role in the chaos, particularly as it relates to the two tiers of venture capitalists that have emerged. Finally, they look ahead at regulations, potential acquirers for SVB, and what could happen to commercial real estate, which appears to share the same vulnerabilities as SVB.

March 13, 2023

Markets: Prof G Markets: Scott’s NJOY Stake, the JetBlue/Spirit Merger, and WeightWatchers Buys Ozempic Maker

This week on Prof G Markets, Scott gives the inside scoop on his early investment in NJOY, which will reap 30x in returns after Altria's acquisition of the vape company goes through. He also shares his thoughts on whether or not the JetBlue/Spirit Merger should be blocked, and takes a look at WeightWatchers’ move into the weight loss drug market. For more on Silicon Valley Bank’s collapse, check out our special episode from Saturday and stay tuned.

March 11, 2023

Markets: Special Episode: Silicon Valley Bank Goes Bust

Silicon Valley Bank collapsed on Friday — the second-largest bank failure in our nation’s history. In today’s special episode, Scott and Ed break down what happened, how it happened, and what might happen next. Scott also addresses government bailouts, the consolidation of banking power, and ends with a word of advice to the thousands of entrepreneurs who will be affected by this failure.

March 06, 2023

Markets: Prof G Markets: Virgin Galactic is Going to Zero, Stock as Collateral + Instacart & the IPO Market

This week on Prof G Markets, Scott explains how Virgin Galactic’s unique supply and demand constraints make it a terrible business. He also breaks down why Amazon and Better.com are partnering to allow Amazon employees to pledge their stock as collateral for home loans — with a catch. Finally, Scott takes a look at the enduring grocery delivery market and shares his thoughts on why Instacart might hold the key to unlocking the IPO market.

February 27, 2023

Markets: Prof G Markets: Home Depot and the Housing Crisis, Stellantis Beats Tesla, and the Lithium Market

This week on Prof G Markets, Scott breaks down why Home Depot’s disappointing earnings are indicative of healthy market trends. He also takes a look at promising earnings from Stellantis, the second largest EV seller in Europe behind Volkswagen and ahead of Tesla. Finally, Scott explains why companies and resources are nationalized, and discusses what it means that Mexico is nationalizing lithium.

February 20, 2023

Markets: Prof G Markets: Airbnb’s Record Revenue, Buying Football Teams, and Testing Bing’s AI Search

This week on Prof G Markets, Scott breaks down Airbnb’s first full year of profitability and shares how his options trades from the previous week turned out. He also explains why billionaires are investing in Premier League football clubs like Manchester United and Tottenham Hotspur. Then, we take a look at the new Bing AI search experience and hit the street to see if anyone else is actually using it.

February 13, 2023

Markets: Prof G Markets: The AI Wars, Bed Bath & Beyond’s Share Sale, and Scott’s Options Trade

This week on Prof G Markets, Scott breaks down the state of play in the AI wars as Microsoft and Google compete in a lightning fast hype cycle. Then Scott breaks down why institutional investors would pour more money into Bed Bath & Beyond when it's on the brink of bankruptcy, and why he made an options trade on the stock’s volatility.

February 06, 2023

Markets: Prof G Markets: Meta’s Year of Efficiency, the Adani Short, OpenAI’s Market Pull, and SoFi’s Win

This week on Prof G Markets, Scott shares his thoughts on why Meta’s stock roared after the company vowed to cut costs (and why he hopes Zuckerberg’s metaverse shows just an inkling of success). He then explains the market’s obsession with OpenAI, and why SoFi’s strong earnings might signal hope for the SPAC market. Finally, he reflects on the latest in the Adani Group Short saga and what it means for the Indian market.

January 30, 2023

Markets: Prof G Markets: Tesla’s Earnings Beat, Chevron’s Share Buybacks, and Elliott’s Salesforce Stake

This week on Prof G Markets, Scott reflects on Tesla’s latest earnings, semi-truck deliveries, and price cuts. He then offers his thoughts on the ugly side of share repurchasing programs, and explains why this will be the year of the activist investor.

January 23, 2023

Markets: Prof G Markets: Disney’s Proxy War, Goldman’s Guidance Miss, and the Dating App Market

This week on Prof G Markets, Scott shares his thoughts on Nelson Peltz’s activist investment in Disney. He then explains why Goldman reported its largest earnings miss in a decade. Finally, Scott discusses the business of dating apps like Hinge, and sources some personal experiences from his Gen Z team members.

January 16, 2023

Markets: Prof G Markets: Microsoft and OpenAI, Wash Trading, and European Tech Regulations

This week on Prof G Markets, Scott shares his thoughts on Microsoft's plan to invest $10 billion in OpenAI. He also discusses how the concept of anonymity has enabled rampant wash trading in the NFT market. Finally, we check in on the state of EU tech regulations from the DLD conference in Munich.

January 09, 2023

Markets: Prof G Markets: What is a Stock?

This week on Prof G Markets, we’re starting the year by getting down to the basics and answering a foundational question: what is a stock? Scott shares the story of his first-ever investment as a 13-year-old, and offers his thoughts on how to value a stock.

January 02, 2023

Markets: 2023 Predictions Part I

This week on Prof G Markets, we hear part one of Scott’s predictions for 2023. Tune in on Thursday for part two.

December 19, 2022

Markets: Prof G Markets: The Biggest Stories of 2022

This week on Prof G Markets, Scott reflects on a year in markets defined by the war in Ukraine, inflation, and the decline of risk capital. He shares his main takeaways from 2022 as well as what he hopes investors learned from the year.

December 12, 2022

Markets: Prof G Markets: Robinhood’s Retirement Accounts and Disney’s Next Move — with Aswath Damodaran

This week on Prof G Markets, Scott shares his thoughts on why Robinhood is starting to offer retirement accounts. Then Aswath Damodaran, a professor of finance at NYU Stern, joins Scott for a Lightning Round on Apple, Amazon, Bob Iger, Chinese stocks, and opportunities in the markets. Finally, we hear a prediction for Disney in 2023.

December 05, 2022

Markets: Prof G Markets: Tesla’s Value Destruction, Crowdstrike and Cybersecurity, and Bankruptcies

This week on Prof G Markets, Scott reflects on Sam Bankman-Fried’s DealBook Summit interview. He then explains why the cybersecurity sector is practically recession-proof, and shares his thoughts on how Elon Musk’s antics at Twitter will cause Tesla’s stock to get cut in half. And in this week’s unpack, we learn about how bankruptcies work, and whether Musk might file for one at Twitter.

November 28, 2022

Markets: Prof G Markets: Black Friday, Cyber Monday, and Consumer Culture

In this special edition of Prof G Markets, Scott shares his childhood experience of holiday sales, as well as his thoughts on a new retail tactic that’s driving consumers to stores. We also hear from Katherine Cullen, the senior director of industry and consumer insights for the National Retail Federation, on the state of retail sales in an inflationary, post-corona economy. Scott closes out the show with advice to those who’ve been laid off ahead of this week’s unemployment numbers.

November 21, 2022

Markets: Prof G Markets: Target and Walmart Earnings, Hedge Funds and Pinterest, and Estée Lauder Buys Tom Ford

This week on Prof G Markets, Scott explains why Target and Walmart had such contrasting earnings reports for the third quarter, and offers his insight on Target’s brand strategy. He then shares his thoughts on why hedge funds might be buying up shares of Pinterest, and whether hedge fund disclosures are worth paying attention to for the typical investor. Scott also examines Estée Lauder’s acquisition of Tom Ford, and gives advice to entrepreneurs on how to gauge when it’s time to sell a company.

November 14, 2022

Markets: Prof G Markets: The Failure of FTX, Why HBO Will be Acquired, and the Cannabis Industry

This week on Prof G Markets, Scott shares his thoughts on how Sam Bankman-Fried’s crypto exchange FTX came crashing down like a house of cards. He then explains what Disney’s earnings reveal about a streaming market headed for consolidation, and why HBO makes for an appealing acquisition target. And in this week’s Unpack, we check in on the cannabis industry after the recent midterms, and learn where the investment opportunities might be.

November 07, 2022

Markets: Prof G Markets: Upheaval at Twitter, Airbnb and Uber Earnings, and the Chinese Markets

This week on Prof G Markets, Scott shares his thoughts on Elon’s proposed changes to Twitter so far and explains why enabling paywalled videos like OnlyFans is a good idea. He then makes the argument for why Airbnb is one of the best-performing companies in the world, and how Uber might turn profitable at long last. Finally, Ed and Scott check in on the state of the Chinese markets under the relentless zero-covid policy.

October 31, 2022

Markets: Prof G Markets: Adidas’ Crisis Management, Google and Meta Earnings, and Market Moving Fed Speeches

This week on Prof G Markets, Scott deciphers where the investment opportunity might be after Adidas severed ties with Kanye West. He also breaks down how Google did so poorly in the third quarter, and why Meta now looks like a distressed asset. And in this week’s unpack, we learn about how investors react to Fed chair speeches, plus what to listen for at Jerome Powell’s next press conference.

October 24, 2022

Markets: Prof G Markets: Goldman Sachs Restructures its Businesses + Restaurant NFTs, and Nikola’s Securities Fraud Saga

This week on Prof G Markets, Scott explains why Goldman Sachs is refocusing on its asset management business and scaling back its efforts in consumer banking. He then shares his thoughts on why catering to the 1% continues to be a lucrative business model, even as it sows inequality of opportunity. And in this week’s unpack, we learn about why the CEO of Nikola was just convicted of securities fraud.

October 17, 2022

Markets: Prof G Markets: Margin Calls, Private Jets, Meta Teams Up With Microsoft, and Unpacking the Fed

This week on Prof G Markets, Scott explains why margin calls may have played a role in John Foley's departure from Peloton. He then offers his thoughts on Meta’s continued pursuit of the metaverse, and shares his experience of owning and selling a private jet amid a red-hot private aviation market. Finally, in this week’s unpack, we answer a question some listeners might be afraid to ask: what is the Fed?

October 10, 2022

Markets: Prof G Markets: Twitter’s Path to Super App Status, Liquid Death’s Brand Strategy, and America’s Housing Supply

This week on Prof G Markets, Scott discusses three things Elon Musk should do to increase shareholder value if the Twitter deal goes through. He then shares his thoughts on how creative branding helped a canned water company land a $700 million valuation. And in this week’s Unpack, we check in on the state of the U.S. Housing Market. 

October 03, 2022

Markets: Prof G Markets: The Merits of ETFs, Boring vs. Sexy Investments, and the UK’s Monetary Crisis

This week on Prof G Markets, Scott discusses what makes a good ETF, and shares his thoughts on why investing in boring companies often leads to greater returns. He then explains why the markets had such an adverse reaction to the U.K. government’s latest tax breaks.

September 26, 2022

Markets: Prof G Markets: The Demise of Chamath’s SPACs, Citrix’s Debt Deal, and Adobe’s Figma Acquisition

This week on Prof G Markets, Scott shares his thoughts on Chamath Palihapitiya’s decision to close two of his SPACs. He then explains why Wall Street Banks are on the hook for $700 million after the leveraged buyout of Citrix, a software company. And in this week’s deep dive, we take a look at why Adobe would pay $20 billion for the design software company Figma in what may be the largest acquisition of a private technology company ever. 

September 19, 2022

Markets: Prof G Markets: Peloton’s Management Shake-up, SoftBank’s Vision Funds, and Walmart’s Banking Play

This week on Prof G Markets, Scott checks in on Peloton’s stock in light of a few executive departures, and shares his thoughts on what it would mean if Masayoshi Son launched a third vision fund after two previous failures. Scott then explains why Walmart is moving into the personal finance space.

September 12, 2022

Markets: Prof G Markets: The Ethereum Merge, Porsche’s IPO, and Dividends

This week on Prof G Markets, Scott shares his thoughts on what the Merge will mean for Ethereum’s position in the crypto space and weighs in on why Volkswagen is offering shares of Porsche. Then, in a deep dive, we learn about why some companies pay dividends to their investors, and others don’t.

September 05, 2022

Markets: Prof G Markets: Snap Layoffs, the IPO Drought, and Options Trading

This week on Prof G Markets, Scott weighs in on what Snap’s restructuring means for the rest of the social media space, and explains why the IPO market is on pace for its worst year in decades. Then, we take a deep dive into the asymmetric upsides and downsides of options trading (pro tip: don’t try this at home).

August 29, 2022

Markets: Prof G Markets: AMC APE, Private equity and Twitter’s whistleblower

This week on Prof G Markets, Scott shares thoughts on nuclear power, AMC’s APE preferred shares, and how private equity works. In this week’s deep dive, we dig into the details on Twitter’s recent whistleblower.

August 29, 2022

Markets: Prof G Markets: AMC APE, Private equity and Twitter’s whistleblower

This week on Prof G Markets, Scott shares thoughts on nuclear power, AMC’s APE preferred shares, and how private equity works. In this week’s deep dive, we dig into the details on Twitter’s recent whistleblower.

August 15, 2022

Markets: Prof G Markets: Elon sells Tesla (stock), the Inflation Reduction Act, Coinbase and Stock-based compensation

This week on Prof G Markets, Scott interprets Elon’s $7 billion Tesla stock sale and what it might mean for his control of the company, breaks down the implications of the huge climate bill, a.k.a. the Inflation Reduction Act, and weighs the pros and cons of Coinbase’s heavy reliance on stock-based compensation.

August 08, 2022

Markets: Prof G Markets: Uber and Airbnb Earnings, Apple’s Debt

This week on Prof G Markets, Scott deciphers the market’s disparate responses to strong earnings announcements from Uber and Airbnb, and what it tells us about the importance of the narrative over numbers in stock valuation. Then we take a deep dive into Apple’s surprisingly large outstanding debt, and Scott explains why debt is a weapon, but one with two edges.

August 01, 2022

Markets: Prof G Markets: Productive Congress, Social Media Earnings, Crypto Floor, and Cloud

This week on Prof G Markets, Scott discusses the market implications of a surprisingly productive week in Congress, parses the deeper meaning of social media’s mixed earnings season (hint: it’s TikTok), and ponders whether we’ve hit bottom in certain volatile equity sectors. Plus a deep dive on the most potent value creation engine of the era: cloud.

July 25, 2022

Markets: Prof G Markets: U.S. Equity Market, Strong Dollar, and Semiconductors

This week on Prof G Markets, Scott evaluates the recent rise in U.S. equities, warns about external sources of downside risk, and discusses what the surging dollar tells us about currency markets, including who wins and who loses with euro parity. Then it’s the latest on the Elon/Twitter saga, and Scott’s prediction on the next front in that battle. Finally, Scott weighs in on government subsidies for the semiconductor industry.

July 18, 2022

Markets: Prof G Markets: Inflation, Interest Rates, Twitter, and AckSPAC

This week on Prof G Markets, Scott reads the tea leaves of the latest inflation and interest data, takes the market’s temperature on the latest twist to the Elon Musk-Twitter saga, and looks into the future of the SPAC.