AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
How to Deal With Bullshit
By 1993, GE was the world's most valuable company worth $100 billion on the stock market. It would increase to $600 billion by shortly after Jack Welch left as CEO. This is stock market value, right? This doesn't mean the company is selling or buying stuff that's worth that much. Think about how Elon Musk went up and down by a trillion or a billion dollars or whatever in the course of three days because of shit on Twitter. That's not real money. His actual value didn't change in any meaningful way over that period of time. He says if more people had hucked fistfuls of pebbles at Jack Welch, we would be a better country now