Prof G Markets Is the Market Calling Trump’s Bluff? — ft. Aswath Damodaran
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May 29, 2025 
Aswath Damodaran, an expert in corporate finance and valuation at NYU Stern, joins to discuss intriguing market dynamics. He explains how investors may shift focus back to earnings amidst political uncertainties, particularly in the context of tariffs and rising deficits. The conversation highlights the impact of BYD's electric vehicle price cuts on market behavior and dives into the societal implications of OnlyFans amidst technological shifts. Damodaran also touches on the growing disconnect between media narratives and actual market actions.
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Trump's Tariffs Are Distractions
- Tariff threats by Trump serve more as distractions than serious policy changes.
- They mask larger economic issues like wealth transfer and potentially manipulate markets for insiders.
China's EV Strategy Is Geopolitical
- China's EV market is driven by state control and geopolitical goals, not just profits.
- BYD's aggressive price cuts highlight China's manufacturing strength and competitive strategy.
Teen's Fascination with BYD
- Scott Galloway's 14-year-old son is fascinated by BYD cars and wants one.
- This personal example reflects BYD's growing prominence among younger consumers in China.