Building Wealth Through Talent, Savings, and Diversification

Scott Galloway, Professor of Marketing at NYU Stern School of Business, returns to the pod to join Julia La Roche on episode 163 to discuss his newest book, “The Algebra of Wealth: A Simple Formula for Financial Security.” 

The Algebra of Wealth book: https://www.amazon.com/Algebra-Wealth-Formula-Financial-Security/dp/0593714024

0:00 Intro and welcome Scott Galloway 

1:04 Macro picture of the economy 

3:03 Prosperity is not evenly distributed generationally 

5:32 The Algebra of Wealth 

7:30 Don’t follow your passion, follow your talent 

9:20 Focus + Stoicism x Time x Diversification 

9:56 Galloway went broke twice 

12:25 Divorce 

13:30 Having children 

15:35 Myth of balance 

17:00 Raised by a single mom 

21:00 We’re turning into something that’s not very American 

25:31 Investing and harvesting 

27:00 Our economic policy is we’ve declared war on the young 

24:47 Universities, free speech, and antisemitism on campuses 

32:32 DEI 

38:15 Masculinity 

50:00 Parting thoughts